Power Electronics Market Size by 2030 | Industry Segmentation by Type, Application, Regions, Key News and Top Companies Profiles
Emergen research’s latest document, titled ‘Power Electronics market’ is one of the most sought-after market reports involving an in-depth analysis of the global Power Electronics market. The report’s authors have offered necessary details on the latest Power Electronics market trends and the crucial parameters impacting both short-term and long-term market growth.
The global power electronics market size reached USD 37.40 Billion in 2021 and is expected to register a revenue CAGR of 4.1% during the forecast period, according to latest analysis by Emergen Research. Rising demand for Electric Vehicles (EVs) and rapid penetration of Fifth Generation (5G) are key factors driving market revenue growth. In addition, market companies are investing for assessing durability and quality of electronic devices, which also poses significant growth opportunities during the forecast period. Power electronics materials, such as gallium nitride, silicon carbide, and others, are primarily in high demand due to their capability in achieving efficient power conversion. In the automotive industry, power electronics is application of solid-state electronics for conversion and control of electric power.
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The report addresses the following key points:
The report provides a forecast of market drivers, restraints, and future opportunities for the Power Electronics market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the Power Electronics market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
Some major companies in the global market report include Infineon Technologies AG, Onsemi, STMicroelectronics, Mitsubishi Electric Corporation, Vishay Intertechnology, Inc., Fuji Electric Co., Ltd., NXP Semiconductors, Renesas Electronics Corporation, Texas Instruments Incorporated, and Toshiba Corporation.
