Power Electronics Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	August, 2024	FOB19136324

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	August, 2024
SKU	FOB19136324

Power Electronics Market

Growth Factors of Power Electronics Market

The Power Electronics market size was valued at USD 24.53 billion in 2023, and the market is now expected to grow from USD 25.78 billion in 2024 to USD 43.42 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period of 2024-2032.

COVID-19 Pandemic adversely affected the power electronics industry; severe lockdowns reduced product sales alongside vehicle production suspension resulting in a market decline. Manufacturers in this industry faced losses due to supply chain disruptions and sales declines. Consumer behavior shifts, such as reliance on digital services or working from home made an impact on electronic devices and infrastructure demand patterns in Power Electronics Market growth. As a result, major players have started investing funds and expanding their production potential as they try to take advantage of advanced power electronics.

Power electronics are very important to electric vehicles, they are used for battery management, motor control and charging infrastructure. The growing trend towards electric mobility is leading to a high demand for advanced electronics solutions which should be small in size, less complex and more reliable in Power Electronics Market share. It plays a crucial role in achieving energy efficiency objectives by reducing the amount of energy lost during power conversion and maximizing the effectiveness of electric drivetrains.

Power electronics are now witnessing a major transition toward green energy with firms focusing on minimizing power consumption and enhancing their durability. This plan fits into larger commitment to environmental conservatism by promoting ways of manufacturing and using electric power systems that are friendlier to nature. Meanwhile, today’s manufacturers combine energy-saving technologies with effective designs to cope up with the current global trend of sustainable development in technology.

Comprehensive Power Electronics Market

The Power Electronics market is growing at an rampant rate due to its market segmentation. These segmentations are methodically segregated by Material Analysis, by Device Type Analysis, by End-User Analysis. The Material Analysis includes silicon, GaN, SiC, and others. The Device Type Analysis includes power discrete, power module, and power IC. The End-User Analysis includes automotive, consumer electronics, biomedical & healthcare, industrial, aerospace & defense, and others.

The Asia Pacific area lead the Power Electronics market with the resource of estimate a market size of USD 10.81 billion in 2023 due to increasing demand for fuel-efficient hybrid electric vehicles.

The top players in the market play a crucial role in the Semiconductor & Electronics industry assuring industrial prospectus development and setting market standards. These players include, Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), Vishay Intertechnology, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), STMicroelectronics N.V. (Switzerland), Toshiba Corporation (Japan), NXP Semiconductors N.V. (Netherlands), ABB Ltd. (Switzerland), Renesas Electronics Corporation (Japan), ON Semiconductor Corporation (U.S.) these market players provide a competitive landscape.

In June 2024, Renesas Electronics Corporation has completed acquisition of Transphorm, Inc., which specializes in gallium nitride (GaN) as their core directive globally. Almost immediately after this transaction was sealed off, they launched several new products made from GaN along with appropriate reference designs aimed at tackling the high demand for Wide Bandgap (WBG) semiconductor items available in the market.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.7% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Device Type

Power Discrete
Power Module
Power IC

By Material

Silicon
GaN
SiC
Others (Sapphire, etc.)

By End-User

Consumer Electronics
Automotive
Industrial
Biomedical and Healthcare
Aerospace and Defense
Others (IT and Telecom, Real Estate, etc.)

By Region

North America (By Device Type, Material, End-User, and Country)

- U.S. (By End-User)

- Canada (By End-User)

- Mexico (By End-User)

South America (By Device Type, Material, End-User, and Country)

- Brazil (By End-User)

- Argentina (By End-User)

- Rest of South America

Europe (By Device Type, Material, End-User, and Country)

- U.K. (By End-User)

- Germany (By End-User)

- France (By End-User)

- Italy (By End-User)

- Spain (By End-User)

- Russia (By End-User)

- Benelux (By End-User)

- Nordics (By End-User)

- Rest of Europe

Middle East & Africa (By Device Type, Material, End-User, and Country)

- Turkey (By End-User)

- Israel (By End-User)

- GCC (By End-User)

- North Africa (By End-User)

- South Africa (By End-User)

- Rest of the Middle East & Africa

Asia Pacific (By Device Type, Material, End-User, and Country)

- China (By End-User)

- Japan (By End-User)

- India (By End-User)

- South Korea (By End-User)

- ASEAN (By End-User)

- Oceania (By End-User)

- Rest of Asia Pacific

Please Note: It will take 5-6 business days to complete the report upon order confirmation.

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Power Electronics Key Players Market Share/Ranking, 2023
5. Global Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Device Type (USD); 5.2.1. Power Discrete; 5.2.2. Power Module; 5.2.3. Power IC; 5.3. By Material (USD); 5.3.1. Silicon; 5.3.2. GaN; 5.3.3. SiC; 5.3.4. Others (Sapphire, etc.); 5.4. By End-Users (USD); 5.4.1. Consumer Electronics; 5.4.2. Automotive; 5.4.3. Industrial; 5.4.4. Biomedical and Healthcare; 5.4.5. Aerospace and Defense; 5.4.6. Others (IT and Telecom, Real Estate, etc.); 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6. North America Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Device Type (USD); 6.2.1. Power Discrete; 6.2.2. Power Module; 6.2.3. Power IC; 6.3. By Material (USD); 6.3.1. Silicon; 6.3.2. GaN; 6.3.3. SiC; 6.3.4. Others (Sapphire, etc.); 6.4. By End-Users (USD); 6.4.1. Consumer Electronics; 6.4.2. Automotive; 6.4.3. Industrial; 6.4.4. Biomedical and Healthcare; 6.4.5. Aerospace and Defense; 6.4.6. Others (IT and Telecom, Real Estate, etc.); 6.5. By Country (USD); 6.5.1. U.S.; 6.5.1.1. By End-Users; 6.5.2. Canada; 6.5.2.1. By End-Users; 6.5.3. Mexico; 6.5.3.1. By End-Users
7. South America Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Device Type (USD); 7.2.1. Power Discrete; 7.2.2. Power Module; 7.2.3. Power IC; 7.3. By Material (USD); 7.3.1. Silicon; 7.3.2. GaN; 7.3.3. SiC; 7.3.4. Others (Sapphire, etc.); 7.4. By End-Users (USD); 7.4.1. Consumer Electronics; 7.4.2. Automotive; 7.4.3. Industrial; 7.4.4. Biomedical and Healthcare; 7.4.5. Aerospace and Defense; 7.4.6. Others (IT and Telecom, Real Estate, etc.); 7.5. By Country (USD); 7.5.1. Brazil; 7.5.1.1. By End-Users; 7.5.2. Argentina; 7.5.2.1. By End-Users; 7.5.3. Rest of South America
8. Europe Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Device Type (USD); 8.2.1. Power Discrete; 8.2.2. Power Module; 8.2.3. Power IC; 8.3. By Material (USD); 8.3.1. Silicon; 8.3.2. GaN; 8.3.3. SiC; 8.3.4. Others (Sapphire, etc.); 8.4. By End-Users (USD); 8.4.1. Consumer Electronics; 8.4.2. Automotive; 8.4.3. Industrial; 8.4.4. Biomedical and Healthcare; 8.4.5. Aerospace and Defense; 8.4.6. Others (IT and Telecom, Real Estate, etc.); 8.5. By Country (USD); 8.5.1. U.K.; 8.5.1.1. By End-Users; 8.5.2. Germany; 8.5.2.1. By End-Users; 8.5.3. France; 8.5.3.1. By End-Users; 8.5.4. Italy; 8.5.4.1. By End-Users; 8.5.5. Spain; 8.5.5.1. By End-Users; 8.5.6. Russia; 8.5.6.1. By End-Users; 8.5.7. Benelux; 8.5.7.1. By End-Users; 8.5.8. Nordics; 8.5.8.1. By End-Users; 8.5.9. Rest of Europe
9. Middle East & Africa Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Device Type (USD); 9.2.1. Power Discrete; 9.2.2. Power Module; 9.2.3. Power IC; 9.3. By Material (USD); 9.3.1. Silicon; 9.3.2. GaN; 9.3.3. SiC; 9.3.4. Others (Sapphire, etc.); 9.4. By End-Users (USD); 9.4.1. Consumer Electronics; 9.4.2. Automotive; 9.4.3. Industrial; 9.4.4. Biomedical and Healthcare; 9.4.5. Aerospace and Defense; 9.4.6. Others (IT and Telecom, Real Estate, etc.); 9.5. By Country (USD); 9.5.1. Turkey; 9.5.1.1. By End-Users; 9.5.2. Israel; 9.5.2.1. By End-Users; 9.5.3. GCC; 9.5.3.1. By End-Users; 9.5.4. North Africa; 9.5.4.1. By End-Users; 9.5.5. South Africa; 9.5.5.1. By End-Users; 9.5.6. Rest of Middle East & Africa
10. Asia Pacific Power Electronics Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Device Type (USD); 10.2.1. Power Discrete; 10.2.2. Power Module; 10.2.3. Power IC; 10.3. By Material (USD); 10.3.1. Silicon; 10.3.2. GaN; 10.3.3. SiC; 10.3.4. Others (Sapphire, etc.); 10.4. By End-Users (USD); 10.4.1. Consumer Electronics; 10.4.2. Automotive; 10.4.3. Industrial; 10.4.4. Biomedical and Healthcare; 10.4.5. Aerospace and Defense; 10.4.6. Others (IT and Telecom, Real Estate, etc.); 10.5. By Country (USD); 10.5.1. China; 10.5.1.1. By End-Users; 10.5.2. Japan; 10.5.2.1. By End-Users; 10.5.3. India; 10.5.3.1. By End-Users; 10.5.4. South Korea; 10.5.4.1. By End-Users; 10.5.5. ASEAN; 10.5.5.1. By End-Users; 10.5.6. Oceania; 10.5.6.1. By End-Users; 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Texas Instruments Incorporated; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Infineon Technologies AG; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Mitsubishi Electric Corporation; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Vishay Intertechnology, Inc.; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Toshiba Corporation; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. STMicroelectronics N.V.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. ABB Ltd.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. NXP Semiconductors N.V.; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. ON Semiconductor Corporation; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. Renesas Electronics Corporation; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments