Power Electronics Market Size, Share and Consumption Analysis Report 2021
“The factors that hamper the growth of the market size such as manufacturing cost of power electronics is expensive and time consuming.�
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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/power-electronics-market 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.