Power Electronics Market Size, Share

Report Code SE 2434
Published in Nov, 2023, By MarketsandMarkets™
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Power Electronics Market Size, Share, Statistics and Industry Growth Analysis Report by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography - Global Forecast to 2028

Updated on : Oct 22, 2024

Overview

The global power electronics market size is projected to grow from USD 46.2 billion in 2023 to USD 61.0 billion by 2028 growing at a CAGR of 5.7% during the forecast period from 2023 to 2028.

Power electronics involves using solid-state electronics to efficiently convert and control electric power from one form to another. These devices play a crucial role across diverse applications in sectors such as automotive and transportation, industrial, renewable energy, consumer electronics, and defense and aerospace.

Attractive Opportunities in the Power Electronics Market

Asia Pacific

Rapid urbanization and technological advancements; growing population; and rising demand for semiconductor electronics in Asia Pacific are expected to drive the growth of the power electronics market in this region.

The growth of the power electronics industry is driven by the increased demand in consumer electronics and automotive & transportation verticals.

Asia Pacific is expected to witness significant demand for power electronics during the forecast period owing to the rising adoption of electric vehicles (EV) and their charging infrastructure.

Product launches are expected to be the major strategies adopted by market players during the forecast period.

Based on device type, power ICs accounted for the largest share of the power electronics market in 2022.

Global Power Electronics Market Dynamics

Driver: Huge demand for power electronics in consumer, enterprises, and automotive vertical

The increasing emphasis on energy efficiency, technological advancements, the rise of smart systems, and the expanding use of electric vehicles (EVs) and portable devices are propelling a growing consumer demand for power electronics. This trend is expected to persist as consumers pursue more effective, interconnected, and eco-friendly solutions. Consumers are increasingly conscious of their energy consumption and its environmental impact. Various consumer devices, such as household appliances, HVAC systems, lighting, and consumer electronics, derive substantial benefits from the capacity of power electronics to enhance energy efficiency. This technology not only diminishes energy wastage but also enables reductions in electricity costs through efficient power conversion and control mechanisms.

Restraint: Complex design and integration process

The power electronics industry is witnessing a trend where key players are concentrating on consolidating various functions into a single chip, leading to complex designs. This complexity in design necessitates specific skill sets, a robust methodology, and a specialized toolset, consequently elevating the overall cost of the devices. As a result, the high cost is anticipated to impede the transition towards advanced technological devices. In parallel, advancing technologies are driving demand for the integration of more functionalities into System-on-Chips (SoCs), aiming to make devices smaller and more efficient. There is a notable emphasis on reducing power consumption in SoCs across various devices such as CPUs, GPUs, wearables, and mobile devices. Nevertheless, the intricate task of integrating multiple Integrated Circuits (ICs) into a single device, attributed to varying functionalities, operating modes, and voltages, is expected to hinder the growth of the power electronics industry in the forecast period.

 

Opportunity: Growing investments by governments, private organizations, research institutes, and manufacturers to increase SiC production

SiC devices have gained attraction due to their distinct advantages over silicon-based devices. These devices operate at considerably higher speeds compared to silicon and possess additional properties and sensing capabilities, catering to the requirements of emerging technologies that demand ultra-high performance. Collaboration among various governments, private organizations, and research institutes is key in advancing SiC technology. Notably, the Solar Energy Technologies Office (SETO) is actively involved in supporting research and development (R&D) projects aimed at enhancing the understanding and utilization of SiC.

Challenge: Material defects and designing and packaging issues in SiC power devices

Increasing demand for compact and portable devices creates significant opportunities; however, a major issue faced by manufacturers is to meet the ever-changing needs of consumers for more compact devices. To cater to the demand for compact, portable, and multifunctional devices, components and systems need to be miniaturized to lower production costs. SiC materials contain micro-sized holes termed micropipes within their crystals. During the production of larger wafers for SiC devices, several defects, including dislocations, prototype inclusions, and stacking faults, may arise. These defects are a result of an imbalance in silicon and carbon precursors and local instability in pressure or temperature, significantly impacting the efficiency and electrical characteristics of the devices.

Global Power Electronics Market Ecosystem Analysis

The companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

 

Power IC segment to account for the largest share of the power electronics market in 2022.

Low-power integrated circuits (ICs) provide a combination of high efficiency and a compact form factor, making them well-suited for compact applications like wearables, sensors, IoT devices, and various portable devices, including mobile phones and other handheld electronics. Power ICs play a crucial role in tasks such as DC-to-DC conversion, battery charging, and voltage scaling, offering versatile applications across diverse industries. As a result, the power ICs market is anticipated to maintain the largest share throughout the forecast period.

Silicon-based power electronics to dominate power electronics market during the forecast period

Silicon-based power electronics have widespread applications spanning diverse industries and devices. Their versatility allows for customization to perform various functions such as rectification, amplification, and switching in a broad range of electronic systems. The ease of integrating silicon-based devices into existing electronic systems is a valuable feature for manufacturers seeking to incorporate power electronics into a diverse array of products and applications.

Consumer electronics vertical to register the highest share for power electronics market in 2022

The consumer electronics segment is composed to command the largest market share throughout the forecast period. The increasing utilization of consumer electronic devices, particularly smartphones, tablets, and smart wearables, especially in developing nations, is expected to be a significant factor propelling the power electronics market. Additionally, the growing integration of power electronics in household appliances is anticipated to make a substantial contribution to the market size of the consumer electronics segment.

The Asia Pacific Region is Projected to Grow at the Highest CAGR During the Forecast Period

The Asia Pacific region is projected to take the lead in the power electronics market, exhibiting the highest CAGR throughout the forecast period. The market's expansion in Asia Pacific can be attributed to the substantial presence of consumer electronics, Information and Communication Technology (ICT), industrial, and automotive sectors in countries like China, Japan, and South Korea. The growing demand for power generation and governmental initiatives in various Asia Pacific nations to encourage renewable energy infrastructure development play a important role in fueling the overall market. The increasing population in developing countries, particularly China and India, leading to a surge in the deployment of communication infrastructure, is anticipated to further stimulate market growth for power electronics in the region. The Asia Pacific market benefits from the presence of well-established power electronics players like Renesas Electronics Corporation, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., and TOSHIBA CORPORATION, contributing significantly to regional market expansion. Additionally, the emergence of Chinese players such as BYO, Huawei, CRRC, and Sungrow is reinforcing China's domestic market for power electronics. These factors collectively are driven to fuel the growth of the power electronics market in the Asia Pacific region.

HIGHEST CAGR MARKET IN 2023

Recent Developments of Power Electronics Market

  • In September 2023, STMicroelectronics introduced a new category of IGBTs featuring an enhanced breakdown-voltage capacity of 1350V and a maximum operating temperature of 175°C. These elevated specifications guarantee amplified design margins, resilient performance, and prolonged reliability across all operational scenarios.
  • In July 2023, Infineon Technologies AG expands its range of PQFN 2x2 mm² products, introducing top-tier OptiMOS power MOSFETs. Compact discrete power MOSFETs are essential for conserving space, reducing costs, and facilitating the design of user-friendly applications.
  • In June 2023, Mitsubishi Electric Corporation has introduced an innovative structure for a silicon carbide metal-oxide-semiconductor field-effect transistor (SiC-MOSFET) incorporating a Schottky barrier diode (SBD).
  • In March 2023, ON Semiconductor has introduced a novel series of highly efficient 1200 V insulated-gate bipolar transistors (IGBTs) designed to reduce conduction and switching losses, setting a new standard in performance within the industry.

Key Market Players

KEY PLAYERS IN THE POWER ELECTRONICS MARKET INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2019–2028
Forecast units Value (USD)
Segments Covered By Device Type, By Material, By Voltage, By Current Level, By Wafer Size, By Application, By Verticall
Geographies covered North America, Europe, Asia Pacific, and RoW

Key Questions Addressed by the Report

What is the current size of the Global Power Electronics Market?

The power electronics market is projected to grow from USD 46.2 billion in 2023 to USD 61.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028.
Who are the winners in the Global Power Electronics Market?
Companies such as Infineon Technologies AG (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Mitsubishi Electric Corporation (Japan), Vishay Intertechnology, Inc. (US).
Which region is expected to hold the highest market share?
Asia Pacific is expected to dominate the power electronics market during the forecast period. Growing demand for electric vehicles, driven by government initiatives, environmental awareness and advancements in battery technology.
What are the major drivers and opportunities related to the power electronics market?
High adoption of renewable power sources, rapid development of electric vehicles, huge demand of power electronics in consumer, enterprises and automotive vertical, wide bandgap semiconductors promoting new applications of power electronics, growing investments by governments, private organizations, research institutes and manufacturers to increase SiC production are some of the major drivers and opportunities related to the power electronics market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the power electronics market.

 

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
32
RESEARCH METHODOLOGY
37
EXECUTIVE SUMMARY
50
PREMIUM INSIGHTS
55
MARKET OVERVIEW
58
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Widespread adoption of renewable power sources
    - Rapid development of electric vehicles
    - Growing demand for energy-efficient power electronics in consumer electronics industry and enterprises
    RESTRAINT
    - High cost of designing and complexities associated with integrating multiple functionalities into single chip
    OPPORTUNITIES
    - Emergence of wide bandgap semiconductor materials
    - Growing adoption of SiC power switches attributed to substantial government investments in EV charging infrastructure
    CHALLENGES
    - Difficulties in designing and packaging SiC power devices
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM/MARKET MAP
    COMPONENT SUPPLIERS
    MANUFACTURERS
    DISTRIBUTORS
    OEMS
  • 5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.6 TECHNOLOGY ANALYSIS
    300 MM WAFERS
    SIC AND GAN MATERIALS
  • 5.7 PRICING ANALYSIS
  • 5.8 CASE STUDY ANALYSIS
    SEMIPOWEREX DEVELOPED OPTIMIZED SIC POWER MODULES FOR STABLE OPERATION AT HIGH FREQUENCIES WITH ASSISTANCE FROM UNITEDSIC
    CORSAIR DEPLOYED GAN FETS BY TRANSPHORM TO OFFER HIGH-PERFORMANCE POWER SUPPLY UNITS
    DELTA ELECTRONICS POWERED DATA CENTERS WITH GALLIUM NITRIDE FROM TEXAS INSTRUMENTS INCORPORATED
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.11 PORTER’S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 KEY CONFERENCES AND EVENTS
  • 5.14 TARIFF, STANDARD, AND REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
    TARIFF ANALYSIS
POWER ELECTRONICS MARKET, BY DEVICE TYPE
85
  • 6.1 INTRODUCTION
  • 6.2 POWER DISCRETE
    INCREASING DEMAND FOR POWER DISCRETE DEVICES WITH HIGH-FREQUENCY SWITCHING TO ENHANCE EFFICIENCY IN VARIOUS APPLICATIONS TO FUEL SEGMENTAL GROWTH
    DIODE
    - Mounting type and diode packaging
    - PIN diode
    - Zener diode
    - Schottky diode
    - Switching diode
    - Rectifier diode
    TRANSISTOR
    - Use of smart power transistors in augmenting system reliability and effective power management to propel segment
    - Field-effect transistor (FET)
    - Bipolar junction transistor (BJT)
    - Insulated gate bipolar transistor (IGBT)
    THYRISTOR
  • 6.3 POWER MODULE
    SIGNIFICANT ROLE IN ENSURING PRECISE CONTROL OVER SPEED OF ELECTRIC MOTORS IN INDUSTRIAL DRIVES TO BOOST SEGMENTAL GROWTH
    POWER MODULE, BY DEVICE TYPE
    - FET
    - IGBT
    - Other power module device types
  • 6.4 TYPES OF POWER MODULES
    Intelligent power module
    Standard and power integrated module
  • 6.5 POWER INTEGRATED CIRCUIT
    POWER MANAGEMENT INTEGRATED CIRCUIT
    APPLICATION-SPECIFIC INTEGRATED CIRCUIT
MATERIALS USED IN POWER ELECTRONIC DEVICES
101
  • 7.1 INTRODUCTION
  • 7.2 SILICON
  • 7.3 SILICON CARBIDE (SIC)
  • 7.4 GALLIUM NITRIDE (GAN)
VOLTAGE LEVELS OF DIFFERENT POWER ELECTRONIC DEVICES
106
  • 8.1 INTRODUCTION
  • 8.2 LOW
  • 8.3 MEDIUM
  • 8.4 HIGH
DIFFERENT WAFER SIZES USED IN POWER ELECTRONICS
110
  • 9.1 INTRODUCTION
  • 9.2 UP TO 200 MM
  • 9.3 ABOVE 200 MM
DIFFERENT CURRENT LEVELS AVAILABLE IN POWER ELECTRONICS
112
  • 10.1 INTRODUCTION
  • 10.2 UP TO 25 A
  • 10.3 26 TO 40 A
  • 10.4 ABOVE 40 A
APPLICATIONS OF POWER ELECTRONICS
113
  • 11.1 INTRODUCTION
  • 11.2 POWER MANAGEMENT
  • 11.3 DRIVES
  • 11.4 UPS
  • 11.5 RAIL TRACTION
  • 11.6 TRANSPORTATION
  • 11.7 RENEWABLES
  • 11.8 OTHER APPLICATIONS
POWER ELECTRONICS MARKET, BY VERTICAL
117
  • 12.1 INTRODUCTION
  • 12.2 ICT
    RISING DEMAND FOR ADVANCED POWER ELECTRONIC DEVICES AND CONTROLLED COOLING FOR DATA CENTERS AND ICT EQUIPMENT TO DRIVE MARKET
  • 12.3 CONSUMER ELECTRONICS
    INCREASING INTEGRATION OF POWER ELECTRONICS INTO WEARABLES, IOT DEVICES, AND SMART HOME DEVICES TO PROPEL MARKET
  • 12.4 INDUSTRIAL
    GROWING ADOPTION OF DIGITAL CONTROL SYSTEMS AND ADVANCED ALGORITHMS IN POWER ELECTRONICS TO BOOST MARKET GROWTH
    ENERGY & POWER
    - Photovoltaics
    - Wind turbines
  • 12.5 AUTOMOTIVE & TRANSPORTATION
    INCREASING ADOPTION OF FAST-CHARGING ELECTRIC VEHICLES TO CONTRIBUTE TO MARKET GROWTH
    - Powertrain
    - Body and convenience
    - Chassis and safety systems
    - Infotainment systems
  • 12.6 AEROSPACE & DEFENSE
    GROWING DEMAND FOR ELECTRIC AIRCRAFT AND HIGH-FREQUENCY WARFARE SYSTEMS TO FUEL MARKET GROWTH
  • 12.7 OTHER VERTICALS
POWER ELECTRONICS MARKET, BY REGION
148
  • 13.1 INTRODUCTION
  • 13.2 NORTH AMERICA
    IMPACT OF RECESSION ON POWER ELECTRONICS MARKET IN NORTH AMERICA
    US
    - Adoption of wide bandgap semiconductor materials and energy storage solutions for grid stability to drive market
    CANADA
    - Rising need for power electronics to efficiently manage power generated from renewable sources to drive market
    MEXICO
    - Economic growth and increasing population to propel market
  • 13.3 EUROPE
    IMPACT OF RECESSION ON POWER ELECTRONICS MARKET IN EUROPE
    UK
    - Active government support to reduce carbon footprint across various verticals to drive market
    GERMANY
    - Significant contribution of power electronics in improving affordability and energy efficiency of EVs to fuel market growth
    FRANCE
    - Increasing adoption of EVs to reduce pollution to boost market growth
    ITALY
    - Electricity production from renewable energy sources to drive market
    REST OF EUROPE
  • 13.4 ASIA PACIFIC
    IMPACT OF RECESSION ON POWER ELECTRONICS MARKET IN ASIA PACIFIC
    CHINA
    - Adoption of EVs and renewable energy sources to fuel market growth
    JAPAN
    - Focus on renewable energy production and adoption of SiC technology to contribute to market growth
    INDIA
    - Rapid urbanization and infrastructure modernization to drive market
    SOUTH KOREA
    - Rising adoption of power electronics due to increased infrastructure projects, advancements in transportation systems, and renewable energy initiatives to propel market
    REST OF ASIA PACIFIC
  • 13.5 ROW
    IMPACT OF RECESSION ON POWER ELECTRONICS MARKET IN ROW
    SOUTH AMERICA
    - Rising demand for power electronics from energy and industrial sectors in Brazil to contribute to market growth
    MIDDLE EAST & AFRICA
    - GCC countries
    - Rest of Middle East & Africa
COMPETITIVE LANDSCAPE
169
  • 14.1 OVERVIEW
  • 14.2 STRATEGIES ADOPTED BY KEY PLAYERS
    PRODUCT PORTFOLIO
    REGIONAL FOCUS
    MANUFACTURING FOOTPRINT
    ORGANIC/INORGANIC GROWTH STRATEGIES
  • 14.3 MARKET SHARE ANALYSIS
  • 14.4 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS
  • 14.5 COMPANY EVALUATION MATRIX, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 14.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 14.7 INVESTMENTS AND FUNDING
  • 14.8 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
197
  • 15.1 KEY PLAYERS
    INFINEON TECHNOLOGIES AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC (ON SEMICONDUCTOR)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    STMICROELECTRONICS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    VISHAY INTERTECHNOLOGY, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    FUJI ELECTRIC CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NXP SEMICONDUCTORS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RENESAS ELECTRONICS CORPORATION.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TEXAS INSTRUMENTS INCORPORATED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TOSHIBA CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 15.2 OTHER PLAYERS
    ABB
    LITTELFUSE, INC.
    ANALOG DEVICES, INC.
    MICROCHIP TECHNOLOGY INC.
    ROHM CO., LTD.
    SEMIKRON
    TRANSPHORM INC.
    QORVO, INC
    WOLFSPEED, INC.
    EUCLID TECHLABS.
    NAVITAS SEMICONDUCTOR
    EFFICIENT POWER CONVERSION CORPORATION
APPENDIX
278
  • 16.1 DISCUSSION GUIDE
  • 16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.3 CUSTOMIZATION OPTIONS
  • 16.4 RELATED REPORTS
  • 16.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 POWER ELECTRONICS MARKET: GROWTH ASSUMPTIONS
  • TABLE 2 POWER ELECTRONICS MARKET: RISK ASSESSMENT
  • TABLE 3 ROLE OF PARTICIPANTS IN POWER ELECTRONICS ECOSYSTEM
  • TABLE 4 INDICATIVE PRICE OF POWER ELECTRONICS OFFERED BY KEY PLAYERS, BY DEVICE TYPE, 2022
  • TABLE 5 LIST OF PATENTS PERTAINING TO POWER ELECTRONICS, 2020–2023
  • TABLE 6 IMPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 7 EXPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 8 POWER ELECTRONICS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 9 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%)
  • TABLE 10 KEY BUYING CRITERIA, BY VERTICAL
  • TABLE 11 POWER ELECTRONICS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024
  • TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 TARIFF FOR HS CODE 8541-COMPLIANT PRODUCTS EXPORTED BY US (2022)
  • TABLE 16 TARIFF FOR HS CODE 8541-COMPLIANT PRODUCTS EXPORTED BY HONG KONG (2022)
  • TABLE 17 POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD BILLION)
  • TABLE 18 POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD BILLION)
  • TABLE 19 POWER DISCRETE: POWER ELECTRONICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 20 POWER DISCRETE: POWER ELECTRONICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 21 POWER DISCRETE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (MILLION UNITS)
  • TABLE 22 POWER DISCRETE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (MILLION UNITS)
  • TABLE 23 POWER DISCRETE: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 24 POWER DISCRETE: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 25 POWER DISCRETE: POWER ELECTRONICS MARKET FOR TRANSISTOR, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 26 POWER DISCRETE: POWER ELECTRONICS MARKET FOR TRANSISTOR, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 27 POWER MODULE: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 28 POWER MODULE: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 29 POWER MODULE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 30 POWER MODULE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 31 POWER INTEGRATED CIRCUIT: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 32 POWER INTEGRATED CIRCUIT: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 33 POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
  • TABLE 34 POWER ELECTRONICS MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
  • TABLE 35 POWER ELECTRONICS MARKET, BY VOLTAGE LEVEL, 2019–2022 (USD BILLION)
  • TABLE 36 POWER ELECTRONICS MARKET, BY VOLTAGE LEVEL, 2023–2028 (USD BILLION)
  • TABLE 37 POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD BILLION)
  • TABLE 38 POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD BILLION)
  • TABLE 39 ICT: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 40 ICT: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 41 ICT: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 42 ICT: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 43 ICT: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 44 ICT: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 45 ICT: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 46 ICT: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 47 ICT: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 48 ICT: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 49 ICT: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 50 ICT: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 51 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 52 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 53 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 54 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 55 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 56 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 57 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 58 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 59 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 60 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 61 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 62 CONSUMER ELECTRONICS: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 63 INDUSTRIAL: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 64 INDUSTRIAL: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 65 INDUSTRIAL: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 66 INDUSTRIAL: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 67 INDUSTRIAL: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 68 INDUSTRIAL: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 69 INDUSTRIAL: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 70 INDUSTRIAL: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 71 INDUSTRIAL: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 72 INDUSTRIAL: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 73 INDUSTRIAL: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 74 INDUSTRIAL: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 75 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 76 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 77 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 78 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 79 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 80 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 81 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 82 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 83 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 84 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 85 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 86 AUTOMOTIVE & TRANSPORTATION: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 87 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 88 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 89 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 90 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 91 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 92 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 93 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 94 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 95 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 96 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 97 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 98 AEROSPACE & DEFENSE: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 99 OTHER VERTICALS: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2022 (USD MILLION)
  • TABLE 100 OTHER VERTICALS: POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2023–2028 (USD MILLION)
  • TABLE 101 OTHER VERTICALS: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 102 OTHER VERTICALS: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 103 OTHER VERTICALS: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 104 OTHER VERTICALS: POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 105 OTHER VERTICALS: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 106 OTHER VERTICALS: POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 107 OTHER VERTICALS: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 108 OTHER VERTICALS: POWER ELECTRONICS MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 109 OTHER VERTICALS: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 110 OTHER VERTICALS: POWER ELECTRONICS MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 111 POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD BILLION)
  • TABLE 112 POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD BILLION)
  • TABLE 113 NORTH AMERICA: POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 114 NORTH AMERICA: POWER ELECTRONICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 115 NORTH AMERICA: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 116 NORTH AMERICA: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 117 EUROPE: POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 118 EUROPE: POWER ELECTRONICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 119 EUROPE: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 120 EUROPE: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 121 ASIA PACIFIC: POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 122 ASIA PACIFIC: POWER ELECTRONICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 124 ASIA PACIFIC: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 125 ROW: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 126 ROW: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 127 ROW: POWER ELECTRONICS MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 128 ROW: POWER ELECTRONICS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 129 MIDDLE EAST & AFRICA: POWER ELECTRONICS MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 130 MIDDLE EAST & AFRICA: POWER ELECTRONICS MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 131 OVERVIEW OF STRATEGIES ADOPTED BY POWER ELECTRONICS MANUFACTURERS, 2020–2023
  • TABLE 132 POWER ELECTRONICS MARKET: DEGREE OF COMPETITION, 2022
  • TABLE 133 OVERALL COMPANY FOOTPRINT (25 COMPANIES)
  • TABLE 134 COMPANY DEVICE TYPE FOOTPRINT (25 COMPANIES)
  • TABLE 135 COMPANY VERTICAL FOOTPRINT (25 COMPANIES)
  • TABLE 136 COMPANY REGIONAL FOOTPRINT (25 COMPANIES)
  • TABLE 137 POWER ELECTRONICS MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 138 POWER ELECTRONICS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 139 POWER ELECTRONICS MARKET: INVESTMENTS AND FUNDING
  • TABLE 140 POWER ELECTRONICS MARKET: PRODUCT LAUNCHES, 2020–2023
  • TABLE 141 DEALS, 2020–2023
  • TABLE 142 EXPANSIONS, 2020–2023
  • TABLE 143 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
  • TABLE 144 INFINEON TECHNOLOGIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 145 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
  • TABLE 146 INFINEON TECHNOLOGIES AG: DEALS
  • TABLE 147 INFINEON TECHNOLOGIES AG: OTHERS
  • TABLE 148 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: COMPANY OVERVIEW
  • TABLE 149 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 150 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: PRODUCT LAUNCHES
  • TABLE 151 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: DEALS
  • TABLE 152 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: OTHERS
  • TABLE 153 STMICROELECTRONICS: COMPANY OVERVIEW
  • TABLE 154 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 155 STMICROELECTRONICS: PRODUCT LAUNCHES
  • TABLE 156 STMICROELECTRONICS: DEALS
  • TABLE 157 STMICROELECTRONICS: OTHERS
  • TABLE 158 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 159 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 160 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES
  • TABLE 161 MITSUBISHI ELECTRIC CORPORATION: DEALS
  • TABLE 162 MITSUBISHI ELECTRIC CORPORATION: OTHERS
  • TABLE 163 VISHAY INTERTECHNOLOGY, INC.: COMPANY OVERVIEW
  • TABLE 164 VISHAY INTERTECHNOLOGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 165 VISHAY INTERTECHNOLOGY, INC.: PRODUCT LAUNCHES
  • TABLE 166 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 167 FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 168 FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES
  • TABLE 169 FUJI ELECTRIC CO., LTD.: DEALS
  • TABLE 170 NXP SEMICONDUCTORS: COMPANY OVERVIEW
  • TABLE 171 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 172 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
  • TABLE 173 NXP SEMICONDUCTORS: DEALS
  • TABLE 174 RENESAS ELECTRONICS CORPORATION.: COMPANY OVERVIEW
  • TABLE 175 RENESAS ELECTRONICS CORPORATION.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 176 RENESAS ELECTRONICS CORPORATION.: PRODUCT LAUNCHES
  • TABLE 177 RENESAS ELECTRONICS CORPORATION.: DEALS
  • TABLE 178 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
  • TABLE 179 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 180 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
  • TABLE 181 TEXAS INSTRUMENTS INCORPORATED: DEALS
  • TABLE 182 TEXAS INSTRUMENTS INCORPORATED: OTHERS
  • TABLE 183 TOSHIBA CORPORATION: COMPANY OVERVIEW
  • TABLE 184 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 185 TOSHIBA CORPORATION: PRODUCT LAUNCHES
  • TABLE 186 TOSHIBA CORPORATION: DEALS
LIST OF FIGURES
 
  • FIGURE 1 POWER ELECTRONICS MARKET: SEGMENTATION
  • FIGURE 2 POWER ELECTRONICS MARKET: RESEARCH DESIGN
  • FIGURE 3 POWER ELECTRONICS MARKET: RESEARCH APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE ANALYSIS)—REVENUE GENERATED BY COMPANIES FROM SALES OF POWER ELECTRONIC PRODUCTS
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 8 DATA TRIANGULATION
  • FIGURE 9 POWER ELECTRONICS MARKET, 2019–2028 (USD BILLION)
  • FIGURE 10 POWER MODULE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 11 SILICON-BASED POWER ELECTRONICS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
  • FIGURE 12 CONSUMER ELECTRONICS SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2028
  • FIGURE 13 POWER ELECTRONICS MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 14 INCREASED DEMAND FOR POWER ELECTRONICS FROM AUTOMOTIVE & TRANSPORTATION AND CONSUMER ELECTRONICS VERTICALS TO DRIVE MARKET
  • FIGURE 15 POWER INTEGRATED CIRCUIT (IC) SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
  • FIGURE 16 LOW-VOLTAGE POWER ELECTRONICS SEGMENT TO DOMINATE MARKET IN 2028
  • FIGURE 17 SILICON AND CONSUMER ELECTRONICS SEGMENTS TO HOLD LARGEST MARKET SHARES IN 2023
  • FIGURE 18 ASIA PACIFIC TO RECORD HIGHEST CAGR IN POWER ELECTRONICS MARKET DURING FORECAST PERIOD
  • FIGURE 19 POWER ELECTRONICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 BATTERY ELECTRIC VEHICLE SALES, 2020–2022
  • FIGURE 21 IMPACT OF DRIVERS ON POWER ELECTRONICS MARKET
  • FIGURE 22 IMPACT OF RESTRAINTS ON POWER ELECTRONICS MARKET
  • FIGURE 23 IMPACT OF OPPORTUNITIES ON POWER ELECTRONICS MARKET
  • FIGURE 24 IMPACT OF CHALLENGES ON POWER ELECTRONICS MARKET
  • FIGURE 25 POWER ELECTRONICS MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 26 KEY PLAYERS IN POWER ELECTRONICS ECOSYSTEM
  • FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF POWER ELECTRONICS, BY DEVICE TYPE, 2019–2028
  • FIGURE 29 NUMBER OF PATENTS GRANTED PERTAINING TO POWER ELECTRONICS, 2012–2022
  • FIGURE 30 IMPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS FOR KEY COUNTRIES, 2018–2022 (USD MILLION)
  • FIGURE 31 EXPORT DATA FOR HS CODE 8541-COMPLIANT PRODUCTS FOR KEY COUNTRIES, 2018–2022 (USD MILLION)
  • FIGURE 32 POWER ELECTRONICS MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL
  • FIGURE 34 KEY BUYING CRITERIA, BY VERTICAL
  • FIGURE 35 POWER MODULE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 36 GAN-BASED POWER ELECTRONICS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 37 LOW-VOLTAGE POWER ELECTRONICS TO DOMINATE MARKET IN 2028
  • FIGURE 38 AUTOMOTIVE & TRANSPORTATION SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 39 ASIA PACIFIC TO LEAD POWER ELECTRONICS MARKET DURING FORECAST PERIOD
  • FIGURE 40 NORTH AMERICA: POWER ELECTRONICS MARKET SNAPSHOT
  • FIGURE 41 EUROPE: POWER ELECTRONICS MARKET SNAPSHOT
  • FIGURE 42 ASIA PACIFIC: POWER ELECTRONICS MARKET SNAPSHOT
  • FIGURE 43 MARKET SHARE ANALYSIS OF KEY PLAYERS IN POWER ELECTRONICS MARKET, 2022
  • FIGURE 44 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN POWER ELECTRONICS MARKET, 2018–2022
  • FIGURE 45 POWER ELECTRONICS MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 46 POWER ELECTRONICS MARKET: STARTUP/SME EVALUATION MATRIX, 2022
  • FIGURE 47 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
  • FIGURE 48 SEMICONDUCTOR COMPONENTS INDUSTRIES, LLC: COMPANY SNAPSHOT
  • FIGURE 49 STMICROELECTRONICS: COMPANY SNAPSHOT
  • FIGURE 50 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 51 VISHAY INTERTECHNOLOGY, INC.: COMPANY SNAPSHOT
  • FIGURE 52 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 53 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
  • FIGURE 54 RENESAS ELECTRONICS CORPORATION.: COMPANY SNAPSHOT
  • FIGURE 55 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
  • FIGURE 56 TOSHIBA CORPORATION: COMPANY SNAPSHOT

 

The study involved four major activities in estimating the size of the power electronics market. Exhaustive secondary research has been conducted to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering power electronics have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been conducted mainly to obtain critical information about the market’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both demand- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the power electronics market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

About the assumptions considered for the study, To know download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the power electronics market.

Data Triangulation

After arriving at the overall size of the power electronics market through the process explained, the total market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.

Market Definition

Power electronics is the application of solid-state electronics, in which electric power is converted from one form to another and controlled effectively and efficiently. This conversion is performed using semiconductor devices such as diodes, thyristors, MOSFETs, and IGBTs. Currently, most electrical and electromechanical devices are integrated with power circuits wherein such semiconductor devices are utilized. Power electronics has a wide range of applications in the automotive and transportation, industrial, renewable energy, and consumer electronics sectors.

Stakeholders

  • Raw material and wafer suppliers
  • Component and device players
  • System integrators
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  • Assembling, testing, and packaging vendors
  • Technology, service, and solution providers
  • Suppliers and distributors
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

Research Objectives

  • To describe and forecast the power electronics market, in terms of value, based on device type, material, voltage, and vertical.
  • To describe and forecast the market size for the device type of power electronics market, in terms of value and volume
  • To provide a qualitative overview of power electronics based on wafer size, current level, and application
  • To describe and forecast the market size, in terms of value, with respect to four major regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market’s growth
  • To provide a detailed overview of the value chain of the power electronics ecosystem
  • To strategically analyze the ecosystem, Porter’s five forces, technology analysis, tariffs and regulations, patent analysis, trade analysis, key conferences and events, and case studies pertaining to the market under study
  • To analyze the manufacturers of power electronics, their strategies, and new production plans to analyze the power electronics ecosystem/supply chain, which consists of suppliers of materials and components and product manufacturers
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
  • To benchmark players within the market using the proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze competitive developments, such as acquisitions, product launches and developments, expansions, and partnerships in the market

Previous Versions of this Report

Power Electronics Market by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography - Global Forecast to 2028

Report Code SE 2434
Published in Nov, 2023, By MarketsandMarkets™

Power Electronics Market with COVID-19 Impact Analysis by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace), and Geography - Global Forecast to 2026

Report Code SE 2434
Published in Nov, 2021, By MarketsandMarkets™

Power Electronics Market with COVID-19 Impact Analysis by Device Type (Power Discrete, Power Module and Power ICs), Material (Silicon, Silicon Carbide and Gallium Carbide), Voltage (Low Voltage, Medium Voltage and High Voltage), Vertical (ICT, Consumer Electronics, Industrial, Automotive & Transportation, Aerospace & Defense), and Geography - Global Forecast to 2025

Report Code SE 2434
Published in Jun, 2020, By MarketsandMarkets™

Power Electronics Market by Material, Device Type (Discrete, Module, and IC), Application, Vertical (ICT, Consumer Electronics, Energy and Power, Industrial, Automotive, and Aerospace & Defense), and Geography - Global Forecast to 2023

Report Code SE 2434
Published in Jun, 2018, By MarketsandMarkets™

Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022

Report Code SE 2434
Published in Feb, 2017, By MarketsandMarkets™

Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020

Report Code SE 2434
Published in May, 2014, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Power Electronics Market

User

Sep, 2019

HI, I want to know more about power electronics business in Asia & Europe Can I have specific information about that with in this study.

Babak

May, 2020

Can someone clarify Power Electronics market in this report? Are the numbers for Power Electronics Systems or only Power Semiconductor Devices/modules?.

User

Sep, 2019

I would like to buy sections of this report - is that possible? I am interested in understanding the market for transportation application in Europe. Also, I would like to know more about the transportation market for specific countries in Europe..

User

Sep, 2019

We would like to understand the ecosystem for the power electronics market and the major product offerings of leading players in this market, Can you provide market share analysis and product offerings along with business strategies adopted by each player;.

User

Nov, 2019

We are looking into how this industry works and would like more information about the developments and future trends in power electronics market. Also, we would like to know more about the segments covered in the report and research methodology used to arrive at the market size..

User

Mar, 2019

I would like to know the inclusion and exclusion of the power electronics market report in terms of the industries covered and the type of components that are included in the report. Also, can you provide market sizing for the transportation and renewable industry?.

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