Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

The Global Power Electronics Market to Show Positive Growth at CAGR of 5.9% During the Forecast Period says Brandessence Market Research

This image opens in the lightbox

News provided by

Brandessence Market Research and Consulting Private Limited

13 Feb, 2023, 13:29 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, Feb. 13, 2023 /PRNewswire/ -- The Global Power Electronics Market was worth USD 22.58 billion in 2020 and is poised  to amass a valuation of USD 35.72 billion by 2027, registering a CAGR of 5.9% over the forecast duration of 2022-2029.

Power electronics is an electrical engineering discipline dealing with the design, regulation, and transformation of  a particular electric power into another. Power devices such as transistors, diodes, and thyristors, among others are predominantly used to convert AC power to DC power and the same way around. Power electronics-based entities are utilized in renewable energy systems, UPS, motor drives, electric vehicles, and power supplies, just to name a few.          

Get Sample of Report@ https://brandessenceresearch.com/downloadSample/PostId/1629

Global Power Electronics Market Outlook (2022-2029)

The increasing demand for the adoption of renewable energy sources and the booming electric vehicle industry are primarily augmenting the outlook of this business vertical.

Alongside, rising industrial automation trends, growing expenditure  power of the masses, and elevating demand for consumer electronics are adding momentum to the progression of this marketplace.

Moreover, growing need for continuous and efficient power supply another crucial growth stimulant for this industry sphere.

Besides, surging focus of industry players to develop high end power electronics solutions along with widespread industrialization are aiding the expansion for this market vertical.

On the contrary, chances of technical issues across these entities along with their complexed design are slowing down the progression of the business sphere.

The Global Power Electronics Industry witnessed a sharp decline in the wake of the COVID-19 pandemic outbreak. Governments across numerous nations imposed stringent regulations to prevent the rapid spread of the virus. Manufacturing facilities were closed down for an indefinite and all non-emergency based industrial activities were stalled. This decreased the demand for power electronic devices from end use sector. Apart  from that, the dearth of semiconductor raw materials caused by the massive supply chain disruptions further hindered the remuneration scope of this market.  

Competitive Hierarchy

The prime players characterizing the competitive terrain of Global Power Electronics Market are Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, NXP Semiconductor N.V., ON Semiconductor Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, and Toshiba Electronic Devices & Storage Corporation and others.

Segmental Outlook

By Device Type:

  • Power Discrete
  • Power Module
  • Power IC
By Material:
  • Silicon Carbide
  • Gallium Nitride
  • Sapphire
  • Other
By Application:
  • Power Management
  • UPS
  • Renewable
  • Other
By End-User:
  • Telecommunication
  • Industrial
  • Automotive
  • Consumer electronics
  • Military & defense
  • Energy & Power
  • other
Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/1629
Region-Wise Outlook
Which is the top performing region in the Global Power Electronics Market?

Asia Pacific is slated to account for a substantial revenue share over the stipulated timeline. This is attributable to the growing power needs of the masses, rising EV adoption, widespread population expansion, and prompt technological advancements in the field.

How is North America faring in this industry?

North America is reckoned to amass notable gains over 2022-2029 owing to stringent emission regulations, booming consumer electronics industry, rising disposable income levels, along with growing R&D investments in the field.

Category-Wise Insights
Which is the leading device type segment in this business sphere?

The power discrete segment is presently leading the market in terms of volume share. This is ascribed to the surging utilization of transistors, diodes, and thyristors in electric circuitry.

Which is the fastest growing material segment in this marketplace?

The silicon carbide segment has emerged as one of the fastest growing segments in this industry sphere owing to the cost effectiveness of these materials which in turn is increasing their adoption across various applications.

Which is the most dominant end user segment in this industry?

The automotive segment is slated to garner significant returns over the projected timeline. This is credited to the implementation of stringent emission regulations, growing prices of crude oil, and rising adoption of electric vehicles.

Comparing the historical outlook and ongoing trends of this market

This business sphere has been showcasing exponential growth trends over the forecast duration due to a wide array of factors.

Rapid urbanization, prompt population expansion, and widespread industrialization are leading to a steep rise in pollution levels across the globe. Apart from that, these factors have also led to the depletion of fossil fuel and other non-renewable energy resources. To mitigate these issues, there has been a shifting inclination of the masses towards the adoption of renewable energy sources. Also, government bodies are implementing stringent regulations to minimize the rising emission levels. The growing popularity of renewable energy sources including solar and wind power has escalated the demand for  power electronics devices like inverters which can efficiently convert DC power into AC power which in turn can be used across residential and commercial complexes. These factors are positively swaying the dynamics of this industry vertical.

There has been rapid evolution in the electric vehicles industry. Due to growing environmental cognizance among the masses and rigid vehicular emission-based regulations, people are keen on adopting eco-friendly transportation solutions. This has increased the demand for power electronics entities like battery  management systems and batteries which power electric vehicles.

On Special Requirement Power Electronics Market Report is also available for below region:
North America
  • U.S, Canada
Europe
  • Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin America
  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

Major Developments

  • In August 2021, STMicroelectronics unveiled two power electronics devices named 45W and 150W MasterGaN. These devices are equipped with the ability to efficient convert power sources.

M&A services

Are you looking to expand your power electronics business through mergers and acquisitions? Look no further! Our M&A services are tailored to meet the unique needs of the power electronics market.

With years of experience and a thorough understanding of the industry, our team of experts will guide you through the M&A process from start to finish. We will work closely with you to identify potential acquisition targets that align with your strategic goals and provide a comprehensive analysis of their financial, operational, and market potential.

Reach Out at https://brandessenceresearch.com/Services/Merger-And-Acquisition

Purchase Copy of Report @ https://brandessenceresearch.com/Checkout?report_id=1629

Related Reports:
  • Revolutionizing Customer Service: The Rise of Contact Center as a Service Market | Brandessence Market Research
  • Thermal Interface Materials Market is Anticipated to Reach a valuation of USD 3.77 Billion by 2027 at 10.80% CAGR - Exclusive Report by Brandessence Market Research
  • Healthcare CRM Market to Surpass USD 31.54 billion by 2028 owing to Key Technological Breakthroughs | Brandessence Market Research
  • Uncovering the Secrets of the Global Butter Market: Value of US$ 50.19 Billion by 2028 Says Brandessence Market Research
  • Green Coatings Market will worth USD 96.36 billion by 2028 says Brandessence Market Research
  • Artificial Intelligence in Aviation Market by Offering, Technology, Application and Key Geographical Regions: Industry Trends and Global Forecasts, 2022-2029
  • Exoskeleton Market – Industry Trends and Forecast to 2029
  • Buy Now Pay Later Market Growth Trends 2023 Latest Challenges, Recent Opportunities, Emerging Technologies, Business Share and Size Forecast to 2029
  • Collaborative Robots Market 2023 Size, Status and Forecast | AUBO Robotics, ABB, Doosan Robotics, Comau
  • RF Power Semiconductor Market is Booming with a Large Industrial Scope | Report Analysis on Expansion, Share, Revenue, Latest and Future Trends (2022-2029)

Brandessence Market Research & Consulting Pvt ltd. 

Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London. 

Follow Us: Linkedin  

M & A Advisory: Merger & Acquisition, and Capabilities

Blog:What is Market Research?
What is Market Sizing? How to Measure Your TAM, SAM, and SOM

Contact: 
Mr. Vishal Sawant  
Email: vishal@brandessenceresearch.com  
Email: Sales@brandessenceresearch.com  
Corporate Sales: +44-2038074155  
Asia Office: +917447409162 

Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.