Power Electronics Markets Competitive Dynamics & Global Outlook 2024

The global power electronics market is estimated to reach USD 50.3 Billion in 2024 at a CAGR of 5.6%. Expanding automation and digitalization in industries and inclination towards renewable energy sources is expected to drive the power electronics market during the forecast period. However, lack of technical resources is expected to restrain the market during the forecast period. Technological innovations in electric vehicle/ hybrid electric vehicle (EV/HEV) is expected to become an opportunity for power electronics market.

Power electronics is a technology for energy saving and high functionality in energy and power usage. Power electronic components mainly act as a switch and use for reducing conduction loss. Power electronics mainly used in industrial, energy & power, aerospace & defence, and many other applications. Some key players in power electronics market are QUALCOMM, Inc., Infineon Technologies AG, Texas Instruments Incorporated, ON Semiconductor Corp, and Mitsubishi Electric Corporation among others.

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Power electronics market: Trends, Segmentation & Drivers

This market research report offers a comprehensive analysis of key market trends in the global lighting control system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of component, the market is segmented into hardware, software, and services. By connectivity protocol, the lighting control system market is segmented into wired and wireless. By application, lighting control system market is segmented into corporate buildings, industrial buildings, educational buildings, retail malls, hospitals, public buildings, hospitalitly, roadways and highways lighting, architectural lighting, and flood lighting.

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Power electronics market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

POWER ELECTRONICS Market by Material

• Silicon (Si)
• Gallium nitride (GaN)
• Silicon carbide (SiC)
• Gallium arsenide (GaAs)
• Others

POWER ELECTRONICS Market by Connectivity Protocol

• Power Discrete
• Power Diode
• Standard Diode
• Fast Recovery Diode
• Schottky Diode
• Power Transistor
• Power BJT
• Power MOSFET
• IGBT
• Thyristors
• Power Module
• SiC Power Module
• Power Integrated Module
• Intelligent Power Module
• Power IC
• Power Management IC
• Application Specific IC

POWER ELECTRONICS Market by Application

• Consumer Electronics
• Automotive
• Aerospace and Defense
• Energy and Power
• Industrial
• Others

POWER ELECTRONICS Market by Region

• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Rest of Asia-Pacific
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• UK
• The Netherlands
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

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Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their "REVENUES".

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