Global Power Electronics Market Growth 2025-2031

The global Power Electronics market size is predicted to grow from US$ 48560 million in 2025 to US$ 96560 million in 2031; it is expected to grow at a CAGR of 12.1% from 2025 to 2031.

The core manufacturers of China Power Electronics include Infineon, Onsemi and STMicroelectronics. The top three companies have a market share of about 31%. In terms of product types, MOSFET is the largest segment with approximately 15% market share. In terms of applications, Automotive and Transportation is the largest downstream segment, accounting for about 34 percent of the market.

LP Information, Inc. (LPI) ' newest research report, the “Power Electronics Industry Forecast” looks at past sales and reviews total world Power Electronics sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Electronics sales for 2025 through 2031. With Power Electronics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Electronics industry.

This Insight Report provides a comprehensive analysis of the global Power Electronics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Electronics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Electronics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Electronics and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Electronics.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Electronics market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Diodes/Rectifier (Si & SiC)
IGBT
MOSFET (Si & SiC)
BJT
Thyristor
GaN HEMT
Others

Segmentation by Application:
Industrial Control
Automotives & Charging Piles
Consumer Electronics
UPS & Data Center
PV, Energy Storage & Wind
Rail Transit
Communication
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Infineon
Onsemi
STMicroelectronics
Mitsubishi Electric (Vincotech)
Nexperia
Vishay Intertechnology
Toshiba
Fuji Electric
Rohm
Renesas Electronics
Diodes Incorporated
Littelfuse (IXYS)
Alpha & Omega Semiconductor
Semikron Danfoss
Hitachi Power Semiconductor Device
Microchip
Sanken Electric
Semtech
MagnaChip
Bosch
Texas Instruments
KEC Corporation
Cree (Wolfspeed)
PANJIT Group
Unisonic Technologies (UTC)
Niko Semiconductor
Hangzhou Silan Microelectronics
Yangzhou Yangjie Electronic Technology
China Resources Microelectronics Limited
Jilin Sino-Microelectronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Power Electronics market?

What factors are driving Power Electronics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Power Electronics market opportunities vary by end market size?

How does Power Electronics break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.