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Power Electronics Market by Material, Device Type, Application, Vertical And Geography - Global Forecast to 2023

Power Electronics Market: Global Forecast until 2023

  • June 2018
  • 130 pages
  • ID: 4730561
In this report:
The power electronics market for discrete devices registered a shipment of ##,##.## million units in 2017 and is expected to reach ##,##.## million units by 2023, at a CAGR of ##.##% during forecast period.
However, the market for diodes is expected to register a shipment of ##,##.## million units by 2023, at the highest CAGR of ##.##% during the forecast period.

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Power electronics market is anticipated to rise at a CAGR (Compound annual growth rate) of 5.50 percent between 2018 and 2023

The power electronics market is forecasted to grow from ~$39.0B in 2018 to ~$51.0B by 2023, at a compound annual growth rate (CAGR) of 5.50 percent between 2018 and 2023. Increasing demand for energy-efficient battery-powered portable devices and upgrade of power infrastructure are the main drivers for the power electronics market rise, while complex design and integration process for advanced technological devices restrain the increase of the power electronics market.

Power electronics market for discrete devices forecasted to grow at the maximal compound annual growth rate (CAGR) during the outlook period

This increase is assigned to the growing use of power devices in automotive and industrial verticals.The sector for power discrete in transportation applications is showing significant increase, as the production of hybrid and electric vehicles is increasing at a high pace.

Also, to minimize power consumption, power discrete devices are used in majority of the verticals including energy & power, ICT, consumer electronics, automotive, industrial, and others.

Market for automotive vertical anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period

The advent of electric vehicles is one of the most important steps of environment conservation.These vehicles do not use any fuel and, therefore, do not emit harmful gases.

This factor has accelerated the rise of the electric vehicles market.As these vehicles completely rely on electrical power supply, the use of electronic devices is more in these vehicles.

These devices are poised to have a greater impact on the power electronics market in the next years.

Power electronics market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period

The continuous demand for power in the industrial vertical plays a crucial role in the adoption of power electronics.The growing demand for HVDC grids in China (CN) and India (IN) and the adoption of Greenfield projects for generating energy from renewable sources are forecast to steer the increase of the power electronics market in Asia-Pacific.

Furthermore, the automobile vertical plays a vital role in the power electronics market as it is one of the quickest-increasing verticals in Asia-Pac.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with people holding main positions across different regions.

The breakup of the profiles of primary members taking part has been provided below:

• By Company category: Tier 1-20.0 percent, Tier 2-55.0 percent, and Tier 3-25.0 percent

• By Description: C-Level Executives-50%, Directors-25%, and Others-25%

• By Area: North America-60%, Europe-20%, APAC-10%, and RoW-10%

Top actors in the power electronics market are Infineon Technologies, Texas Instruments, On Semiconductor, STMicroelectronics, Mitsubishi Electric, Fuji Electric, Renesas Electronics, Toshiba, NXP Semiconductors, Vishay Intertechnology, Maxim Integrated Products, SEMIKRON, ABB, Hitachi, Analog Devices, ROHM Semiconductor, Microsemi, Littelfuse, Microchip Technology, and Danfoss.

Segment Research

The market research defines, depicts, and forecasts the power electronics market established on device type, material, application, vertical, and territory.It offers exhaustive information concerning the main factors (drivers, industry restraints, possibilities, and market-specific challenges) influencing the rise of the power electronics market.

It also analyzes the competitive developments including joint ventures, collaborations, strategic agreements, contracts, alliances, mergers and acquisitions, and launches of new product carried out by the top players to grow in the industry.

Why Purchasing This Study Can Help You:

• Illustrative segmentation, review, and estimate pertaining to the power electronics market established on device type, material, application, vertical, and area have been conducted to provide an global view of the power electronics market.

• Major drivers, market restraints, alternatives, and opportunities affecting the power electronics market increase have been precised in this industry report.

• A in-depth competitive landscape of the main actors in the sector, together with their revenues, has been included.

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