Global Power Electronics Market is
expected to rise at a positive CAGR in the forecast period. Power electronics
is the use of solid-state electronics to the control and conversion of electric
power from the source to the load in an efficient and appropriate mode. The
factors propelling the growth of power electronics market includes growing
demand for energy-efficient battery-powered portable devices, increasing trend
of energy harvesting technologies, improvement of power infrastructure, and the
rising emphasis on using renewable power sources.
In addition, increase in adoption
of electronic cars is significantly fueling the growth of the market size.
Also, sectors such as ICT, defence, telecommunications, etc. are driving the
growth of the market size. On the other hand, factors that hamper the growth of
the market size such as manufacturing cost of power electronics is expensive
and time consuming.
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Power Electronics Market at:
Power Electronics market size is
bifurcated on the basis of material, device type, vertical and geography. Based
on material, the market is classified as Silicon (Si), Silicon Carbide (SiC),
Gallium Nitride (GaN), Sapphire and others. Among the materials, Silicon
segment is projected to account a major share in the Power Electronics market
size owing to the applicability of silicon in several power electronics devices
and products. On the basis of device type, the market is classified as
discrete, module and IC.
The discrete segment is further
sub classified as diode, transistor, and thyristor. The module segment is
further sub classified as Intelligent Power Module (IPM) and Power Integrated
Module (PIM). IC segment is further sub classified as Power Management
Integrated Circuits (PMIC) and Application-Specific Integrated Circuits (ASIC).
Among the device type, IC segment
is estimated to account a large share of the Power Electronics market size. The
key factors that fuel the growth of this segment areits rising application in
RADAR, satellite communication, microwave radiation, high frequency wireless
communication, etc. On the basis of vertical, the global Power Electronics
market research report is classified as ICT, Consumer Electronics, Power,
Industrial, Automotive and Aerospace &Defense. The ICT segment is further
sub classified as Switching Systems, Wireless, Satellite Communication, Radar,
Radio Frequency (RF) and others. The other segment includes Signal Amplifiers,
Wired Communication, and Photovoltaic.
The Consumer Electronics segment
is further sub classified as Inverters, Light emitting diode (LED),
Switched-Mode Power Supply (SMPS) and others. The other segment includes Office
Equipment, Computers, Televisions, Lightning Devices, Radio-Frequency
Identification (RFID) Solutions, and Electronic Surveillance Systems, among
others.
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The Power segment is further sub
classified as Uninterruptible Power Supply (UPS), Converter and others. The
other segment includes High-Voltage Direct Current (HVDC) and Flexible AC
Transmission Systems (FACTS). The Industrial segment is further sub classified
as Point-to-Load (POL) conversion, Power Management, Renewable Energy System,
Heating, Ventilating, and Air-Conditioning (HVAC), Rail Traction, Motor Drive,
Smart Grid and others. The other segment includes High-Voltage DC (HVDC).
The Automotive segment is further
sub classified as Vehicular Power Converter Systems, Electric Vehicle Charging
and others. The other segment includes Driver Information Systems, Body
Electronics, Powertrain Control, Safety and Chassis applications. The Aerospace
&Defense segment is further sub classified as Microwave Radiation, Combat
Vehicle and others. The other segment includes Unmanned Aerial Vehicle (UAV),
Unmanned Underwater Vehicle (UUV), and Unmanned Ground Vehicle (UGV). Among the
vertical, automotive segment is projected to account a major share in the Power
Electronics market research report.
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On the basis of geography, the
market research report is classified as North America, Europe, Asia Pacific,
Latin America and Middle East & Africa. The North American region consists
of the U.S. and Canada. Latin America consist of Mexico, Brazil, Argentina,
among others. The European region consists of France, England, Germany and Rest
of Europe (including Italy, Sweden, Switzerland, Italy, Finland, the
Netherlands, Belgium, and Turkey among others). Asia Pacific region consist of
China, India, Japan, South Korea and Rest of APAC (Indonesia, Taiwan,
Singapore, Australia, Thailand, and Malaysia among others).
In case of geographical region,
Asia Pacific is expected to record a large share in global market. Some of the
prominent players in the market research report include Infineon Technologies
AG, Texas Instruments, Inc., ON Semiconductor Corp., STMicroelectronics N.V.,
Maxim Integrated Products, Inc., Fuji Electric Co., Ltd., NXP Semiconductors
N.V., Qualcomm, Inc., Vishay Intertechnology, Inc., Renesas Electronics Corp.,
and Mitsubishi Electric Corp.
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