Power Electronics Market 2021: Size, Share, Trends, Industry Growth and Forecast 2026
According to the latest report by IMARC Group, titled “Power Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of XX% during 2021-2026.
Power electronics involves studying, analyzing, and designing circuits that convert electrical energy from one form to another. It is extensively utilized in consumer electronics, such as television (TV) sets, personal computers (PCs), battery chargers, etc. Presently, numerous manufacturers are introducing modern power electronics, wherein electric power is converted using semiconductor switching devices. These devices include thyristors, diodes, power metal-oxide-semiconductor field-effect transistor (MOSFET), insulated-gate bipolar transistor (IGBT), etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Power Electronics
Market Trends:
The growing
dependence on consumer electronics, owing to the elevating levels of
urbanization and disposable incomes, is primarily driving the power electronics
market. In line with this, the rising popularity of electronic devices,
including fan regulators, air conditioners, induction cooking, vacuum cleaners,
uninterrupted power systems (UPS), etc., is propelling the product demand.
Moreover, the escalating adoption of various electronic devices, such as pumps,
blowers, rotary kilns, arc furnaces, elevators, compressors, etc., in several
manufacturing units, including textile mills, is further bolstering the market
growth. Besides this, power electronics is gaining traction in the automotive
industry for enabling electric power steering, interior lighting, seat control,
braking system, central body control, etc., in vehicles., which is acting as
another significant growth-inducing factor. Furthermore, the inflating
requirement for safe, luxurious, and smart vehicles with integrated
infotainment systems is also augmenting the global market. Apart from this, the
growing product utilization in off-the-road (OTR) vehicles, on account of the
increasing number of construction and mining activities, is expected to fuel
the power electronics market over the forecasted period.
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Power
Electronics Market
2021-2026 Analysis and Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
ABB Ltd., Analog Devices Inc., Fuji
Electric Co. Ltd., Infineon Technologies AG, Microchip Technology Inc.,
Mitsubishi Electric Corporation, NXP Semiconductors N.V., Renesas Electronics
Corporation, ROHM Co. Ltd., STMicroelectronics, Texas Instruments Incorporated,
Toshiba Corporation and Vishay Intertechnology Inc.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Device:
· Power Discrete
o
Diode
o
Transistors
o
Thyristor
· Power Modules
o
Intelligent
Power Module
o
Power
Integrated Module
· Power ICs
o
Power
Management Integrated Circuit
o
Application-Specific
Integrated Circuit
Breakup
by Material:
- Silicon
- Sapphire
- Silicon Carbide
- Gallium Nitride
- Others
Breakup
by Application:
- Power Management
- UPS
- Renewable
- Others
Breakup
by Voltage:
- Low Voltage
- Medium Voltage
- High Voltage
Breakup
by End User Industry:
- Automotive
- Military and Aerospace
- Energy and Power
- IT and
Telecommunication
- Consumer Electronics
- Others
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
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Key
highlights of the report:
- Market Performance
(2015-2020)
- Market Outlook
(2021-2026)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific information
that is not currently within the scope of the report, we can provide it to you
as a part of the customization.
If you want latest primary
and secondary data (2021-2026) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
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