Power Electronics Market - Adoption of Power Electronics in Electric Vehicles Have Contributed in the Growth

Boonton, NJ -- (SBWire) -- 10/15/2018 --Global Power Electronics Market Analysis

According to Verified Market Intelligence, The Global Power Electronics Market was valued at USD 36.35 Billion in 2017 and is projected to reach USD 55.07 Billion by 2025, growing at a CAGR of 5.4% from 2018 to 2025.

What is Power Electronics?

Power electronics is branch that includes study, analysis, and designing of various circuits that are capable of converting electrical energy from one form to another. It uses different devices such as inductors, Capacitors, Semiconductor devices and many more. It helps in power management in order to enhance energy conservation in various uses such as industrial systems, electric vehicles and consumer electronic.

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Power electronics have numerous applications such as in transportation, aerospace & defense, automotive, energy & power etc. rise in adoption of power electronics in electric vehicles have contributed in the growth of power electronics market.

Global Power Electronics Market Outlook

The advancement of power infrastructure and the increasing focus toward the use of Renewable Power Sources and increasing demand for energy-efficient battery-powered portable devices have been driving the global power electronics market. On the other hand, complexity in design of the device and integration of advanced technological devices might hinder the overall growth at a global level.

Global Power Electronics Market Competitive Landscape

The "Global Power Electronics Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as STMicroelectronics, On Semiconductor, Infineon Technologies, Mitsubishi Electric, Toshiba, Fuji Electric, Vishay Intertechnology, Renesas Electronics, Texas Instruments and NXP Semiconductors. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Global Power Electronics Market Segmentation, by Material
Silicon Carbide (SIC)
Silicon (Si)
Gallium Nitride (GAN)
Others

Global Power Electronics Market Segmentation, by Device Type
Power Module
Power Discrete
Power IC

Global Power Electronics Market Segmentation, by Application
Rail Traction
Power Management
Renewable
UPS
Transportation
Drives
Others

Global Power Electronics Market Segmentation, by Vertical
Energy and Power
Automotive
Consumer Electronics
Industrial
Aerospace and Defense
ICT
Others

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Global Power Electronics Market Geographic Scope
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World