Power Electronics Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The global power electronics market is expected to grow at a CAGR of around 5.1% during 2025-2034. This report on global power electronics market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global power electronics market by segmenting the market based on device type, material, voltage, application, end use and region. Also, detailed profiles of companies operating in the power electronics market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Rising Demand for High-energy
• Green Energy Power Generation Drives
Market Challenges
• Rising Demand for Integrated Circuits
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Device Type
• Power Discrete
• Power Module
• Power IC
Market by Material
• Silicon
• Silicon Carbide
• Gallium Nitride
• Sapphire
• Other Materials
Market by Voltage
• Low Voltage
• Medium Voltage
• High Voltage
Market by Application
• Power Management
• UPS
• Renewable
• Other Applications
Market by End Use
• Telecommunication
• Industrial
• Automotive
• Consumer Electronics
• Military and Defense
• Energy and Power
• Other End Uses
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Power Electronics Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Power Electronics Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Power Electronics Market by Device Type
- 5.1. Introduction
- 5.2. Power Discrete
- 5.3. Power Module
- 5.4. Power IC
- 6. Global Power Electronics Market by Material
- 6.1. Introduction
- 6.2. Silicon
- 6.3. Silicon Carbide
- 6.4. Gallium Nitride
- 6.5. Sapphire
- 6.6. Other Materials
- 7. Global Power Electronics Market by Voltage
- 7.1. Introduction
- 7.2. Low Voltage
- 7.3. Medium Voltage
- 7.4. High Voltage
- 8. Global Power Electronics Market by Application
- 8.1. Introduction
- 8.2. Power Management
- 8.3. UPS
- 8.4. Renewable
- 8.5. Other Applications
- 9. Global Power Electronics Market by End Use
- 9.1. Introduction
- 9.2. Telecommunication
- 9.3. Industrial
- 9.4. Automotive
- 9.5. Consumer Electronics
- 9.6. Military and Defense
- 9.7. Energy and Power
- 9.8. Other End Uses
- 10. Global Power Electronics Market by Region
- 10.1. Introduction
- 10.2. Europe
- 10.2.1. Germany
- 10.2.2. United Kingdom
- 10.2.3. France
- 10.2.4. Italy
- 10.2.5. Spain
- 10.2.6. Russia
- 10.2.7. Netherlands
- 10.2.8. Rest of the Europe
- 10.3. North America
- 10.3.1. United States
- 10.3.2. Canada
- 10.4. Asia Pacific
- 10.4.1. China
- 10.4.2. Japan
- 10.4.3. India
- 10.4.4. South Korea
- 10.4.5. Australia
- 10.4.6. Indonesia
- 10.4.7. Rest of the Asia Pacific
- 10.5. Latin America
- 10.5.1. Mexico
- 10.5.2. Brazil
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
- 10.6. Middle East & Africa
- 10.6.1. Saudi Arabia
- 10.6.2. Turkey
- 10.6.3. Iran
- 10.6.4. United Arab Emirates
- 10.6.5. Rest of Middle East & Africa
- 11. SWOT Analysis
- 12. Porter’s Five Forces
- 13. Market Value Chain Analysis
- 14. Competitive Landscape
- 14.1. Competitive Scenario
- 14.2. Company Profiles
- 14.2.1. ABB Ltd.
- 14.2.2. Infineon Technologies AG
- 14.2.3. Mitsubishi Electric Corporation
- 14.2.4. ON Semiconductor Corporation
- 14.2.5. Renesas Electronic Corporation
- 14.2.6. ROHM Co. Ltd
- 14.2.7. STMicroelectronics NV
- 14.2.8. Texas Instruments Inc.
- 14.2.9. Toshiba Corporation
- 14.2.10. Vishay Intertechnologies Inc.
- List of Figures
- Figure 1: Global Power Electronics Market (in US$ Million), 2020-2024
- Figure 2: Global Power Electronics Market by Device Type, 2024
- Figure 3: Global Power Electronics Market by Material, 2024
- Figure 4: Global Power Electronics Market by Voltage, 2024
- Figure 5: Global Power Electronics Market by Application, 2024
- Figure 6: Global Power Electronics Market by End Use, 2024
- Figure 7: Global Power Electronics Market by Region, 2024
- Figure 8: Global Power Electronics Market (in US$ Million), 2025-2034
- Figure 9: Global Power Electronics Market by Device Type (in %), 2024 & 2034
- Figure 10: Global Discrete Power Electronics Market (in US$ Million), 2020-2024
- Figure 11: Global Discrete Power Electronics Market (in US$ Million), 2025-2034
- Figure 12: Global Module Power Electronics Market (in US$ Million), 2020-2024
- Figure 13: Global Module Power Electronics Market (in US$ Million), 2025-2034
- Figure 14: Global Power IC Power Electronics Market (in US$ Million), 2020-2024
- Figure 15: Global Power IC Power Electronics Market (in US$ Million), 2025-2034
- Figure 16: Global Power Electronics Market by Material (in %), 2024 & 2034
- Figure 17: Global Silicon Power Electronics Market (in US$ Million), 2020-2024
- Figure 18: Global Silicon Power Electronics Market (in US$ Million), 2025-2034
- Figure 19: Global Silicon Carbide Power Electronics Market (in US$ Million), 2020-2024
- Figure 20: Global Silicon Carbide Power Electronics Market (in US$ Million), 2025-2034
- Figure 21: Global Gallium Nitride Power Electronics Market (in US$ Million), 2020-2024
- Figure 22: Global Gallium Nitride Power Electronics Market (in US$ Million), 2025-2034
- Figure 23: Global Sapphire Power Electronics Market (in US$ Million), 2020-2024
- Figure 24: Global Sapphire Power Electronics Market (in US$ Million), 2025-2034
- Figure 25: Global Other Materials Power Electronics Market (in US$ Million), 2020-2024
- Figure 26: Global Other Materials Power Electronics Market (in US$ Million), 2025-2034
- Figure 27: Global Power Electronics Market by Voltage (in %), 2024 & 2034
- Figure 28: Global Low Voltage Power Electronics Market (in US$ Million), 2020-2024
- Figure 29: Global Low Voltage Power Electronics Market (in US$ Million), 2025-2034
- Figure 30: Global Medium Voltage Power Electronics Market (in US$ Million), 2020-2024
- Figure 31: Global Medium Voltage Power Electronics Market (in US$ Million), 2025-2034
- Figure 32: Global High Voltage Power Electronics Market (in US$ Million), 2020-2024
- Figure 33: Global High Voltage Power Electronics Market (in US$ Million), 2025-2034
- Figure 34: Global Power Electronics Market by Application (in %), 2024 & 2034
- Figure 35: Global Power Management Power Electronics Market (in US$ Million), 2020-2024
- Figure 36: Global Power Management Power Electronics Market (in US$ Million), 2025-2034
- Figure 37: Global UPS Power Electronics Market (in US$ Million), 2020-2024
- Figure 38: Global UPS Power Electronics Market (in US$ Million), 2025-2034
- Figure 39: Global Renewable Power Electronics Market (in US$ Million), 2020-2024
- Figure 40: Global Renewable Power Electronics Market (in US$ Million), 2025-2034
- Figure 41: Global Other Applications Power Electronics Market (in US$ Million), 2020-2024
- Figure 42: Global Other Applications Power Electronics Market (in US$ Million), 2025-2034
- Figure 43: Global Power Electronics Market by End Use (in %), 2024 & 2034
- Figure 44: Global Telecommunication Power Electronics Market (in US$ Million), 2020-2024
- Figure 45: Global Telecommunication Power Electronics Market (in US$ Million), 2025-2034
- Figure 46: Global Industrial Power Electronics Market (in US$ Million), 2020-2024
- Figure 47: Global Industrial Power Electronics Market (in US$ Million), 2025-2034
- Figure 48: Global Automotive Power Electronics Market (in US$ Million), 2020-2024
- Figure 49: Global Automotive Power Electronics Market (in US$ Million), 2025-2034
- Figure 50: Global Consumer Electronics Power Electronics Market (in US$ Million), 2020-2024
- Figure 51: Global Consumer Electronics Power Electronics Market (in US$ Million), 2025-2034
- Figure 52: Global Military and Defense Power Electronics Market (in US$ Million), 2020-2024
- Figure 53: Global Military and Defense Power Electronics Market (in US$ Million), 2025-2034
- Figure 54: Global Energy and Power Electronics Market (in US$ Million), 2020-2024
- Figure 55: Global Energy and Power Electronics Market (in US$ Million), 2025-2034
- Figure 56: Global Other End Uses Power Electronics Market (in US$ Million), 2020-2024
- Figure 57: Global Other End Uses Power Electronics Market (in US$ Million), 2025-2034
- Figure 58: Global Power Electronics Market by Region (in %), 2024 & 2034
- Figure 59: Europe Power Electronics Market (in US$ Million), 2020-2024
- Figure 60: Europe Power Electronics Market (in US$ Million), 2025-2034
- Figure 61: Europe Power Electronics Market by Country (in %), 2024 & 2034
- Figure 62: Germany Power Electronics Market (in US$ Million), 2020-2034
- Figure 63: United Kingdom Power Electronics Market (in US$ Million), 2020-2034
- Figure 64: France Power Electronics Market (in US$ Million), 2020-2034
- Figure 65: Italy Power Electronics Market (in US$ Million), 2020-2034
- Figure 66: Spain Power Electronics Market (in US$ Million), 2020-2034
- Figure 67: Russia Power Electronics Market (in US$ Million), 2020-2034
- Figure 68: Netherlands Power Electronics Market (in US$ Million), 2020-2034
- Figure 69: North America Power Electronics Market (in US$ Million), 2020-2024
- Figure 70: North America Power Electronics Market (in US$ Million), 2025-2034
- Figure 71: North America Power Electronics Market by Country (in %), 2024 & 2034
- Figure 72: United States Power Electronics Market (in US$ Million), 2020-2034
- Figure 73: Canada Power Electronics Market (in US$ Million), 2020-2034
- Figure 74: Asia Pacific Power Electronics Market (in US$ Million), 2020-2024
- Figure 75: Asia Pacific Power Electronics Market (in US$ Million), 2025-2034
- Figure 76: Asia Pacific Power Electronics Market by Country (in %), 2024 & 2034
- Figure 77: China Power Electronics Market (in US$ Million), 2020-2034
- Figure 78: Japan Power Electronics Market (in US$ Million), 2020-2034
- Figure 79: India Power Electronics Market (in US$ Million), 2020-2034
- Figure 80: South Korea Power Electronics Market (in US$ Million), 2020-2034
- Figure 81: Australia Power Electronics Market (in US$ Million), 2020-2034
- Figure 82: Indonesia Power Electronics Market (in US$ Million), 2020-2034
- Figure 83: Latin America Power Electronics Market (in US$ Million), 2020-2024
- Figure 84: Latin America Power Electronics Market (in US$ Million), 2025-2034
- Figure 85: Latin America Power Electronics Market by Country (in %), 2024 & 2034
- Figure 86: Mexico Power Electronics Market (in US$ Million), 2020-2034
- Figure 87: Brazil Power Electronics Market (in US$ Million), 2020-2034
- Figure 88: Argentina Power Electronics Market (in US$ Million), 2020-2034
- Figure 89: Middle East & Africa Power Electronics Market (in US$ Million), 2020-2024
- Figure 90: Middle East & Africa Power Electronics Market (in US$ Million), 2025-2034
- Figure 91: Middle East & Africa Power Electronics Market by Country (in %), 2024 & 2034
- Figure 92: Saudi Arabia Power Electronics Market (in US$ Million), 2020-2034
- Figure 93: Turkey Power Electronics Market (in US$ Million), 2020-2034
- Figure 94: Iran Power Electronics Market (in US$ Million), 2020-2034
- Figure 95: UAE Power Electronics Market (in US$ Million), 2020-2034
- Figure 96: Market Value Chain
- List of Tables
- Table 1: Global Power Electronics Market Portraiture
- Table 2: Global Power Electronics Market by Device Type (in US$ Million), 2024 & 2034
- Table 3: Global Power Electronics Market by Material (in US$ Million), 2024 & 2034
- Table 4: Global Power Electronics Market by Voltage (in US$ Million), 2024 & 2034
- Table 5: Global Power Electronics Market by Application (in US$ Million), 2024 & 2034
- Table 6: Global Power Electronics Market by End Use (in US$ Million), 2024 & 2034
- Table 7: Global Power Electronics Market by Region (in US$ Million), 2024 & 2034
- Table 8: Europe Power Electronics Market by Country (in US$ Million), 2024 & 2034
- Table 9: North America Power Electronics Market by Country (in US$ Million), 2024 & 2034
- Table 10: Asia Pacific Power Electronics Market by Country (in US$ Million), 2024 & 2034
- Table 11: Latin America Power Electronics Market by Country (in US$ Million), 2024 & 2034
- Table 12: Middle East & Africa Power Electronics Market by Country (in US$ Million),
- 2024 & 2034
- Table 13: List of Key Players
Research Assistance
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