Global Power Electronics Market is Expected to Reach $27 Billion by 2024, Says Variant Market Research Global Power Electronics Market is estimated to reach $27 billion by 2024; growing at a CAGR of 8.6% from 2016 to 2024. Power electronics is a device that transfers power from a source to a load in an efficient and robust manner to ensure convenient utilization. It is majorly used to control the transformation of electric power from one form to another using diodes, thyristors and transistors. Electric vehicles and renewable energy plant systems pose a huge demand for power electronics to improve switching speed and avoid power loss. Power electronics are also used in various consumer electronic applications such as air refrigerator, conditioners, and inverters. Increasing demand for electric vehicles and aggrandized need for high voltage operating devices have led to an improved demand for power electronics across various industries such as energy & power, automotive, and consumer electronics.
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Rise in adoption of power electronics in electric vehicles, and aggrandized need for power management devices are the major factors driving the global power electronics market. Moreover, enhanced efficiency and improved durability of power electronics is also boosting the market growth. However, current leakage at high temperature would act as a restraint for the market. Government initiatives in smart grid and HVDC are expected to generate several growth opportunities for the market in the upcoming years. The global power electronics market has been segmented on the basis of type, device, application, and geography. By type, the market is further segmented into power module, power IC, and power discrete. By device type, the market is categorized into power diodes, bipolarjunction transistor, thyristor, insulated-gate bipolar transistor, and metal-oxide-semiconductor
field-effect transistor. By application, the market is segregated into industrial system, energy & power, inverter & UPS, consumer electronics, and others.
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Based on geography, the global power electronics market has been segmented into North America, Europe, Asia-Pacific and (Row). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World (Row) covers South America, Middle East and Africa. Major companies operating in the power electronics market are Mitsubishi Electric Corp., ABB Group, Toshiba Corporation, Infineon Technologies AG, Fuji Electric Co. Ltd., Rockwell Automation, Inc., STMicroelectronics, Micro semi Corporation, Texas Instruments, Inc., and Renesas Electronics Corporation, among others. Scope of Power Electronics Market Type Segments •
Power Module
•
Power IC
•
Power Discrete
Device Segments •
Power Diodes
•
Bipolar-Junction Transistor
•
Thyristor
•
Insulated-Gate Bipolar Transistor
•
Metal-Oxide-Semiconductor Field-Effect Transistor
Application Segments •
Industrial System
•
Energy & Power
•
Inverter & UPS
•
Consumer Electronics
•
Others
Geographical Segments •
•
•
•
North America o
US
o
Canada
o
Mexico
Europe o
UK
o
Germany
o
France
o
Others
Asia-Pacific o
India
o
China
o
Japan
o
South Korea
o
Others
Row o
South America
o
Middle East
o
Africa
Table of Content Chapter 1 Prefix 1.1 Market Scope 1.2 Report Description 1.3 Research Methodology 1.3.1 Primary Research 1.3.2 Secondary Research 1.3.3 In-house Data Modeling Chapter 2 Executive Summary Chapter 3 Market Outline 3.1 Market Inclination, Trend, Outlook and Viewpoint 3.2 Market Share Analysis: Company’s Competitive Scenario 3.3 Value Chain Analysis 3.4 Market Dynamics 3.4.1 Drivers 3.4.1.1 Impact Analysis 3.4.2 Restraints 3.4.2.1 Impact Analysis 3.4.3 Opportunities 3.5 Porter’s five forces analysis 3.5.1 Factors Impact Analysis Chapter 4 Power Electronics Market by Type: Market Size and Forecast, 2015 – 2024 4.1 Power Module 4.2 Power IC 4.3 Power Discrete ….. Chapter 8 Company Profiles 8.1 Mitsubishi Electric Corp. 8.2 ABB Group 8.3 Toshiba Corporation
8.4 Infineon Technologies AG 8.5 Fuji Electric Co. Ltd. 8.6 Rockwell Automation, Inc. 8.7 STMicroelectronics 8.8 Micro semi Corporation 8.9 Texas Instruments, Inc. 8.10 Renesas Electronics Corporation
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