Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- Power Electronics Market Scope & Overview:

Power electronics, a broad area that offers solutions for effective power conversion, is a part of electrical engineering. The introduction of recently developed power semiconductor integrated devices, such as thyristor, power MOSFET, and IGBT, has increased the demand for these devices even more. In a range of applications, including industrial systems, electric vehicles, and consumer electronics, it facilitates power management to increase energy efficiency. A number of industry giants, including Alibaba, AWS, Microsoft, Google and NTT Data are concentrating on developing green datacenters that use renewable energy sources like solar and wind.
As per the recent market research report published by the SNS Insider, the power electronics market is anticipated to cross USD 50.47 billion by 2028, with a CAGR of 4.1% during the forecast period of 2022–2028.

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Major key players included in Power Electronics Market are:

- Alpha & Omega Semiconductor
- Analog Devices Inc
- Infineon Technologies AG
- Renesas Electronics Corporation
- Infineon Technologies
- STMicroelectronics
- Vishay Intertechnology
- NXP Semiconductors
- Texas Instruments
- AMS AG
- Diodes Incorporated
- Toshiba Electronic Devices & Storage Corporation
- ON Semiconductor
- Mitsubishi Electric
- Fuji Electric
- ABB

Drivers, Restraints, Opportunities, and Challenges

Increased demand for energy-efficient battery-powered portable devices, improved power infrastructure, increased attention to renewable energy sources, rising adoption of power electronics in electric vehicles and other industries are some of the factors driving the market's growth. The global power electronics market has been driven by the expansion of power infrastructure, a shift in emphasis toward the use of renewable energy sources, and increased consumer demand for battery-powered, energy-efficient portable electronics.
The power electronics market expansion is hampered by expensive infrastructure deployment costs, difficult design and integration procedures for cutting-edge technological equipment, and current leakage at high temperatures. The need for less expensive, smaller, and more effective equipment is one of the main issues facing producers in the power electronics industry.

Impact of the Russia-Ukraine Conflict

The COVID-19 pandemic had an effect on the global economy as well as the market for power electronics because so many vertical businesses that use power electronics were affected by the crisis. Participants in the industry believe that the supply and demand sides of the power electronics supply chain have been affected. The market is anticipated to bounce back and recover from the crisis.

Power Electronics Market Segmentation 2022

According to device, it is predicted that the IC segment will dominate the industry in the upcoming years. The increasing incremental opportunity generated by the discrete segment in the U.S. power electronics market during the coming few years might be credited with this.
The segment for low voltage has the biggest market share in terms of voltage. Additionally, it is predicted that during the projection period, this sector will continue to have the most market share and increase at the highest CAGR.

The ICT end-user segment is predicted to command the largest share of the market owing to the increasing use of ICT in a number of sectors that demand the use of power electronics. Future market growth is anticipated as a result of the growing demand for power electronics in electric vehicles and the increasing use of power electronics in various vehicle components.

Major Segments and Sub-Segment of Intermediate Bulk Container Market are Listed Below:

BY WAFER TYPE
- Gallium Nitride
- Silicon Carbide
- Silicon
- Others

BY COMPONENT
- Thyristor
- Gate Turn-Off Transistor (GTO)
- Silicon Controlled rectifier (SCR)
- Static Switches
- MCT (MOS-Controlled Thyristor)
- AC/DC Converter
- MOSFET
- Others

BY WAFER SIZE
- 450mm
- 200mm
- 300mm
- 150mm

BY APPLICATION
- Defense and Aerospace
- Utilities and Energy
- Transportation
- Consumer Electronics
- Telecommunications and IT
- Automotive
- Industrial
- Others

BY DEVICE
- Discrete
- IC
- Module

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Power Electronics Industry Regional Analysis

A significant growth factor for the power electronics market in North America and Europe is predicted to be the increasing use of power devices for a variety of applications. This is due to the rising use of power devices across a range of end user industries, including the automobile sector. Additional factors anticipated to support market expansion include rising electric car manufacturing and rising government activities to further promote vehicle penetration. Additionally, the industry is expected to develop as a result of rising sales of cutting-edge consumer devices and rising employment in the renewable energy sector.

Competitive Landscape Outlook

Some of the leading companies involved in the power electronics market are Infineon Technologies, ON Semiconductor, Analog Devices Inc., Fuji Electric, Infineon Technologies AG, NXP Semiconductors, Mitsubishi Electric Corporation, Renesas Electronics Corporation, ABB, Texas Instruments, Diodes Incorporated, and STMicroelectronics.

Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Global Power Electronics Market Segmentation, By Wafer Type

9. Global Power Electronics Market Segmentation, By Component

10. Global Power Electronics Market Segmentation, Wafer Size

11. Global Power Electronics Market Segmentation, By Application

12. Global Power Electronics Market Segmentation, By Device

13. Regional Analysis

14. Company Profiles

15. Competitive Landscape

16. Conclusion

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