Global Power Electronics Market is Expected to Reach $27 Billion by 2024, Says Variant Market Research
Global Power Electronics Market Report, published by Variant Market Research, forecast that the global market is expected to reach $27 billion by 2024 from $14 billion in 2016; growing at a CAGR of 8.6% from 2016 to 2024. By geography, AsiaPacific and Europe are expected to grow at a CAGR of 9.2% and 8.8%, respectively, during the forecast period. Some of the major drivers of global power electronics market are rise in adoption of power electronics in electric vehicles, and aggrandized need for power management devices. Additionally, 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. Browse Complete Report @ https://www.variantmarketresearch.com/reportcategories/semiconductor-electronics/power-electronics-market
The global power electronics market is categorized into type, device, application, and geography. By type, the market is further segmented into power IC, power module, and power discrete. Power module accounted for around half of the total market share in 2016. However, the power IC segment is expected to grow at the fastest CAGR, owing to its wide application in consumer electronics and electrical appliances. The market by device is categorized into power diodes, thyristor, bipolar-junction transistor, insulated-gate bipolar transistor, and metal-oxidesemiconductor field-effect transistor. By application, the market is segregated into energy & power, industrial system, inverter & UPS, consumer electronics, and others. Energy & power dominated the application segment due to its higher adoption in smart grid and HVDC. Geographically the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific accounted for the largest market share of 54.2% in 2016, and is expected to continue its dominance during the forecast period. The growth is majorly attributed to improvement in power transmission and use of renewable energy. Europe accounted for the second largest market share of 21.6%. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR of 9.2% during the forecast period 2016-2024, driven by increasing demand for electric vehicle and rise in demand for consumer electronic applications. Get Sample Copy Of This Report @ http://bit.ly/2r06uE3
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, Microsemi Corporation, Texas Instruments, Inc., and Renesas Electronics Corporation, among others. The key takeaways from the report • •
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The report will provide detailed analysis of the Power Electronics Market with respect to major segments such as type, device, and application The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024 Comprehensive analysis of market dynamics including factors and opportunities of the Power Electronics Market An exhaustive regional analysis of the Power Electronics Market from 2015 to 2024 has been included in the report Profile of the key players in the Power Electronics Market, will be provided, which include key financials, product & services, new developments and business strategies
Scope of Power Electronics Market Type Segments • • •
Power Module Power IC Power Discrete
Device Segments •
Power Diodes
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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 •
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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 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 Microsemi Corporation 8.9 Texas Instruments, Inc. 8.10 Renesas Electronics Corporation
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