Power Electronics Market Size, Share, Growth Report 2030

Power Electronics Market

Power Electronics Market - By Device (Power Diodes, Metal-Oxide-Semiconductor Field-Effect Transistor, Bipolar-Junction Transistor, Insulated-Gate Bipolar Transistor, and Thyristor), By Type (Power IC, Power Module, and Power Discrete), By Application (Consumer Electronics, Energy & Power, Industrial System, Inverter & UPS, Industrial System, And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Semiconductor & Electronics Report Format : PDF Pages: 215 Report Code: ZMR-4691 Published Date: Sep-2019 Status : Published
Market Size in 2019 Market Forecast in 2026 Growth Rate (in %) Base Year
USD 23 Billion USD 35 Billion CAGR at 5%. 2019

Global Power Electronics Market Size Analysis

The global Power Electronics market, which was estimated at approximately 23 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 35 (USD Billion) by 2026, is set to record a CAGR of nearly 5% over 2020-2026. The report offers valuation and analysis of Power Electronics market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Power electronics is the application of solid state electronics and is utilized for controlling & transforming electric power. It is a branch of electronics that encompasses the analysis and designing of myriad circuits capable of transforming electrical energy into other form of energy. Additionally, power electronics make use of various equipment including semiconductor equipment, inductors, and capacitors. Furthermore, it assists the power management sector in improving the power conservation in consumer electronics, industrial systems, and electric vehicles. Additionally, power electronics has myriad applications in transport, automotive, defense & aviation, and consumer electronics goods sectors.

Global Power Electronics MarketRequest Free Sample 

Market Growth Dynamics

Escalating demand for power-efficient device as well as battery-charged equipment is projected to impel the overall industry growth over the forecast timespan. Surge in acceptance of power electronics can be attributed to the introduction of electric cars as well as hybrid cars along with the use of internet of things & sensor technology in the automotive sector. Large-scale utilization of power electronics in consumer electronics, defense & aerospace, and energy & power sectors will steer the business trends.

Furthermore, massive popularity of silicon-based PV cells across emerging economies like China, India, and Brazil will propel the business growth. However, the huge costs of power electronics equipment will impede the expansion of power electronics industry over the forthcoming years. However, escalating use of plug-in electric automobiles along with adding of new features to power metal oxide semiconductor field effect transistors will offset the negative impact of the hindrances on the market by creating humungous product demand across the globe.

Europe Power Electronics Market Size To Witness Mammoth Growth By 2026

The expansion of industry in the sub-continent over the forecast timespan is attributed to allocation of large funds by the government for electric vehicle producers along with subsidies for the vehicle purchasers. Countries like Germany, France, and the UK are expected to steer the regional market growth both in terms of value and size. Apart from this, large number of the vehicle manufacturers in Germany, Italy, UK, and France are focusing on production of electric vehicles to reduce fuel emissions from vehicles as per guidelines stated in the Paris accord and due to stringent EU environmental laws. This, in turn, will enlarge the penetration of power electronics devices in the automotive sector of Europe, thereby impelling the regional industry trends.

Power Electronics Market : Report Scope

Report Attributes Report Details
Report Name Power Electronics Market Research Report
Market Size in 2019 USD 23 Billion
Market Forecast in 2026 USD 35 Billion
Growth Rate CAGR of 5%.
Number of Pages 215
Key Companies Covered Renesas Electronics Corporation, ABB Group, Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corp., STMicroelectronics, Rockwell Automation, Inc., Toshiba Corporation, Fuji Electric Co. Ltd., and Texas Instruments, Inc.
Segments Covered By Device Analysis, By Type Analysis,BY Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2019 to 2026
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Key participants profiled in the report are:

  • Renesas Electronics Corporation
  • ABB Group
  • Infineon Technologies AG
  • Microsemi Corporation
  • Mitsubishi Electric Corp.
  • STMicroelectronics
  • Rockwell Automation, Inc.
  • Toshiba Corporation
  • Fuji Electric Co. Ltd.
  • Texas Instruments, Inc.

This report segments the global power electronics market as follows:

Power Electronics Market: Device Analysis

  • Power Diodes
  • Metal-Oxide-Semiconductor Field-Effect Transistor
  • Bipolar-Junction Transistor
  • Insulated-Gate Bipolar Transistor
  • Thyristor

Power Electronics MarketType Analysis

  • Power IC
  • Power Module
  • Power Discrete

Power Electronics Market: Application Segment Analysis

  • Consumer Electronics
  • Energy & Power
  • Industrial System
  • Inverter & UPS
  • Industrial System
  • Others        

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating demand for power-efficient device as well as battery-charged equipment is projected to impel the overall industry growth over the forecast timespan. Surge in acceptance of power electronics can be attributed to the introduction of electric cars as well as hybrid cars along with the use of internet of things & sensor technology in the automotive sector. Large-scale utilization of power electronics in consumer electronics, defense & aerospace, and energy & power sectors will steer the business trends. Escalating use of plug-in electric automobiles along with adding of new features to power metal oxide semiconductor field effect transistors will proliferate the market size over the forecast timespan.

According to Zion market research report, the global Power Electronics market, which was estimated at approximately 23 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 35 (USD Billion) by 2026, is set to record a CAGR of nearly 5% over 2020-2026.

Europe is likely to make noteworthy contributions towards overall market size during forecast timespan. The regional market growth over 2020-2026 can be ascribed to allocation of large funds by the government for electric vehicle producers along with subsidies for the vehicle purchasers. Countries like Germany, France, and the UK are expected to steer the regional market growth both in terms of value and size. Apart from this, large number of the vehicle manufacturers in Germany, Italy, UK, and France are focusing on production of electric vehicles to reduce fuel emissions from vehicles as per guidelines stated in the Paris accord and due to stringent EU environmental laws. This, in turn, will enlarge the penetration of power electronics devices in the automotive sector of Europe, thereby impelling the regional industry trends.

The key players profiled in the report include Renesas Electronics Corporation, ABB Group, Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corp., STMicroelectronics, Rockwell Automation, Inc., Toshiba Corporation, Fuji Electric Co. Ltd., and Texas Instruments, Inc.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed