Power Electronics Market, Analysis, Size, and Forecast, 2019-2031

Global Power Electronics Market by Device Type, Materials, End User, and Region - Industry Analysis, Size and Forecast, 2019-2031

Report Format:     | Pages: 400+
Type: Parent Industry Monitor | ID: ECAS345  | Publication: October 2022  |  US$2,945  |  

Global Power Electronics Market Outlook

Power electronics are the outcome of years of research, design, and production operations spanning numerous technical and scientific disciplines. Other significant aspect of development of power electronics market growth is the utilization of fundamental materials technology and component technology. Further, it should be emphasized that major producers of power electronics systems are not very vertically integrated; instead, their primary area of expertise is systems design, and they source their supplies from a selected number of suppliers. While many of these components of power electronics come from SMEs that offer customized solutions and frequently use their proprietary technology, other of these parts—like typical power semiconductor devices—tend to be sourced from huge multinational corporations. Thus, it is clear that the power electronics industry depends heavily on this supply chain. It is acknowledged that SMEs, together with academia, provide a significant share of fresh, creative technologies.

 

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The use of solid-state electronics for the efficient conversion and control of electrical power in devices is termed as power electronics. In addition, with power electronics, power is handled and managed instead of the conventional data or communications that are carried by other electronics and microelectronics devices. Moreover, power electronics are used from the very low milliwatt levels to multi-gigawatt power needed to operate devices and systems. Thus, power electronics are crucial for the transformation of electric energy as per the requirement of the end use devices such as mobile phones, laptops, and energy transmission lines.

 

The general public hardly ever views power electronics as a finished good, it yet plays a crucial part in practically every area of our daily lives:

  • Power electronics are crucial to the development of renewable energy and the low-carbon economy.
  • Power electronics are frequently used in the transportation system, including on trains, ships, automobiles and aircraft.
  • Facilitation of control and energy efficiency provided by power electronics is essential to the industrial processes.
  • Additionally, power electronics are widely used in our homes, such in washing machines, TVs, appliances such as refrigerators, vacuums, stoves, mobile phones, laptops, and even electricity-saving lighting.

 

DataCube research has underlined few critical challenges faced by the major companies that can impact the expansion of power electronics market industry to a certain extent. They are:

  • Countries that invested substantial amount on advanced and disruptive technologies to enhance infrastructure for IT, electronic devices, and power systems in recent past are likely to reinvest on power electronic technology for next few years.
  • Industry's capacity to keep up with even continuous improvements is being hampered by a severe skills deficit.
  • The ambitions of Small and Medium-sized Enterprises (SMEs) and start-up businesses are stifled by a lack of strategic funding, which prevents the implementation of new sophisticated and extremely high-risk projects

 

After conducting hours of primary interviews with industry experts, DataCube Research in its published Power Electronics Market report has provided crucial and strategic recommendations for decision markers to overcome current and upcoming challenges in the power electronics market.

Market Scope – Global Power Electronics Market

Major segments analyzed in the global power electronics market are device type, materials, application, and industry. Based on device type, the global power electronics market is studied across rectifier discrete, bipolar discrete, GaN discrete, SiC discrete, MOSFET discrete, IGBT discrete, thyristor module, SiC module, IGBT module, and others segment. By material, the global power electronics market size is categorized into Silicon Carbide, Gallium Nitride, Sapphire, and Others segments. The global power electronics market revenue share is analyzed and divided into communication, computing, consumer electronics, energy, healthcare, industrial, and transportation in the industry segment.

Regional Outlook – Global Power Electronics Market

Key regions covered in the global power electronics market report are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East and Africa. Developed countries such as U.S., Germany, and UK are focused towards increasing their expenditure on enhanced data analytics and data-driven intervention solutions to enhance their competencies and comply regulatory guidelines and standards.

Supplier Analysis – Global Power Electronics Market:

This research study provides power electronics market assessment and includes reliable insights, stats, and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. DataCube has arrived to market estimations and performed projections by analyzing key market indicators/factors/variables and leading vendors along with number of other players impacting power electronics industry performance.

 

Companies reviewed during the course of global power electronics market study are Alpha and Omega Semiconductor (AOS), ABB, Amkor, Alstom, ASE Group, Analog Devices, BYD, Bosch, CRRC, Cree, Denso, Danfoss, Diodes Incorporated, Dialog Semiconductor, Episil, EXAGAN, Diotec Semiconductor, GaN Systems, Fuji Electric, Global Wafers, General Electric, Hitachi, Honda, GTA Semiconductor, Ingeteam, Huawei, Infineon, MACMIC, LEM, Littelfuse, Mitsubishi Electric, Magnachip, Microchip, Nexperia, NXP, Monolithic Power Systems, Panasonic, Okmetic, onsemi, Power Integrations, Powerex, Renesas, Qualcomm, Sanken, Rohm, ShinEtsu, Siemens, Silan Microelectronics, Semikron, Shindengen, Soitec, STMicroelectronics, Siltronic, Sino-Microelectronics, Sungrow, Tamura, StarPower, Sumco, Texas Instruments, TDK, Tesla Motors, Transphorm, Toshiba, Toyota, Valeo, Vishay, UnitedSiC, UTAC, Volkswagen, and more.

Key Highlights

  • Actual power electronics market data for 2019, 2020, and 2021
  • Estimated power electronics market value for the year 2022 and market growth prospect between 2022 and 2031
  • Historical YoY growth trend and forecast trend at granular level
  • Impact of COVID-19 on power electronics market in terms of $ and various insights on COVID-19 recovery scenarios
  • Cross sectional analysis of type segment at end user industry level
  • Data analysis for six major regions with coverage of 25+ countries
  • Summary of key growth factors, challenges, and opportunities shaping power electronics industry
  • Rationale for individual segment growth and decline
  • Product and price differentiation, branding & distribution channel strategies
  • Market entry strategies and routes to market
  • Key player positioning and benchmarking

Research Scope

Analysis Period

2019 – 2031

Actual Data

2019 – 2021

Base Year

2021

Estimated Year

2022

CAGR Period

2022 – 2031

Research Scope

  • Type
  • Materials
  • Application
  • Industry

Regional Coverage

  • North America (US, Canada, Mexico)
  • Western Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Asia Pacific (Japan, China, India, Singapore, South Korea, Australia, Taiwan, Rest of Asia Pacific)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East and Africa (GCC, South Africa, Rest of Middle East & Africa)

Company Analyzed

Alpha and Omega Semiconductor (AOS), ABB, Amkor, Alstom, ASE Group, Analog Devices, BYD, Bosch, CRRC, Cree, Denso, Danfoss, Diodes Incorporated, Dialog Semiconductor, Episil, EXAGAN, Diotec Semiconductor, GaN Systems, Fuji Electric, Global Wafers, General Electric, Hitachi, Honda, GTA Semiconductor, Ingeteam, Huawei, Infineon, MACMIC, LEM, Littelfuse, Mitsubishi Electric, Magnachip, Microchip, Nexperia, NXP, Monolithic Power Systems, Panasonic, Okmetic, onsemi, Power Integrations, Powerex, Renesas, Qualcomm, Sanken, Rohm, ShinEtsu, Siemens, Silan Microelectronics, Semikron, Shindengen, Soitec, STMicroelectronics, Siltronic, Sino-Microelectronics, Sungrow, Tamura, StarPower, Sumco, Texas Instruments, TDK, Tesla Motors, Transphorm, Toshiba, Toyota, Valeo, Vishay, UnitedSiC, UTAC, Volkswagen, and more.

 

 

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