Power Electronics Market 2019 Global Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2023
Jan 8, 2019
The report on the global Power Electronics market covers historical market trends, current market dynamics, market valuation, key player's market share analysis, competitive landscape and supply chain analysis.
Pune, India - January 8, 2019 /MarketersMedia/ —
Market Highlights:
The global power electronics market is touted to touch a valuation of USD 43 billion at a CAGR of 3% from 2017 to 2023 (forecast period) as per the latest report by Market Research Future (MRFR). Power electronic devices have the capacity to control electric power from the source to power devices in an efficient manner. The need for energy conservation has increased its scope to electric vehicles, industrial systems, and consumer electronics.
Technological leaps in the electronics sector is bound to be fruitful for the power electronics market over the forecast period. The shift to renewable energy sources is likely to propel market revenues significantly. The use of inverters in solar systems for store copious amounts of energy has made power electronic valuable. Change in distribution architectures coupled with bankable Chinese products have increased its scope to industrial, residential, and utility projects.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1069
Major Key Players
• Infineon Technologies AG (Germany),
• Texas Instruments, Inc. (U.S.),
• ON Semiconductor Corp. (U.S.),
• STMicroelectronics N.V. (Switzerland),
• Maxim Integrated Products, Inc. (U.S.),
• Fuji Electric Co., Ltd. (Japan),
• NXP Semiconductors N.V. (The Netherland),
• Qualcomm, Inc. (U.S),
• Vishay Intertechnology, Inc. (U.S.),
• Renesas Electronics Corp. (Japan),
• Mitsubishi Electric Corp. (Japan)
According to MRFR, the global power electronics market is expected to grow at a CAGR of approximately 3% during the forecast period 2017-2023.
Regional Analysis:
The Asia Pacific is expected to be the most lucrative region for the global power electronics market till 2023, followed by North America and Europe. Breakthroughs in energy harvesting techniques coupled with establishment of hubs in China, India, and Japan are likely to boost regional market revenues. Adoption of automation to expedite production combined with rising demand for electric and hybrid vehicles can bode well for the market.
North America is touted to be a promising region for investment thanks to adoption of renewable sources of energy. Programs initiated by governments to encourage consumers to shift from mechanical to electrical sources of power can bode well for the market. In addition, popularity of electric vehicles thanks to ergonomic designs and power comparable to existing cars can further the market growth. New generation of MOSFET transistors with high voltage capacity and better performance is expected to encourage the development of the power electronics market.
Segmentation:
The power electronics market is segmented by material, device type, and vertical.
By material, the market is segmented into gallium nitride, silicon carbide, silicon, sapphire, and others. The silicon segment is expected to be the dominating material used in the power electronics market till 2023. This can be credited to its compatibility with various substrates and its wide applications in consumer electronic devices.
By device type, the market is segmented into power discrete, power module, and power IC. The power IC segment can account for maximum revenue for the power electronics market owing to its wide application from defense, ICT, and aerospace verticals.
Verticals catered by the power electronics market include aerospace & defense, IT & telecommunication, consumer electronics, automotive, and power. The automotive vertical is expected to contribute the maximum to the market owing to increasing electrification of systems under the hood. Concerns over pollutions is likely to create the market for hybrid and electric vehicles and create an opportunity for the market.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/power-electronics-market-1069
Intended Audience:
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Regulatory agencies
• Technology Solution vendors
• System integrators
• National regulatory authorities
• Venture capitalists
• Investment houses
LIST OF TABLES
Table 1 Global Power Electronics Market: By Region, 2017-2023
Table 2 North America Power Electronics Market: By Country, 2017-2023
Table 3 Europe Power Electronics Market: By Country, 2017-2023
Table 4 Asia Pacific Power Electronics Market: By Country, 2017-2023
Table 5 The Middle East & Africa Power Electronics Market: By Country, 2017-2023
Table 6 Latin America Power Electronics Market: By Country, 2017-2023
Table 7 Global Power Electronics by Material Market: By Regions, 2017-2023
Continued……
LIST OF FIGURES
FIGURE 1 Global Power Electronics Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Power Electronics Market
FIGURE 4 Value Chain of Global Power Electronics Market
FIGURE 5 Share of Global Power Electronics Market in 2017, by country (in %)
Continued……
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/power-electronics-market-1069
Source: MarketersMedia
Release ID: 467241
More News
Transylvania, Where Meadows Ripple and Dracula Legends Fade
On a three-day hike in Romania, a writer sidesteps the usual Bram Stoker draws and instead discovers medieval villages, ancient forests and rich living history.
Tourism Authority of Thailand Launches ‘Gateway to Thailand Travel Guidebook’
Crossing the border is never about passing a checkpoint; it marks the true beginning of discovering Thailand. Recognizing this potential, the Tourism Authority of Thailand (TAT) introduced the ‘Gateway to Thailand’ travel guide, inviting overland travelers to journey far beyond the entry gates along ten curated road trips connecting vibrant cities, iconic attractions, and local communities across the nation.
LGBT+ Tourism Could Generate US$521 Billion by 2031
LGBT+ tourism is becoming increasingly important to the global economy, but challenges related to safety and welcoming environments continue to directly influence travel decisions among this audience. Valued at US 311 billionin 2024, the marketis projected to reach US5 21 billion by 2031, according to data from Grand View Research compiled in the special PANROTAS LGBTravel 2026 edition. In Brazil, a survey presented in September during the 10th International Diversity Conference, organized by the Brazilian LGBT+ Chamber of Commerce and Tourism, helps shed light on these travel behaviors.
Brand USA Reveals the Can’t-Miss Holiday Celebrations in America
Tis the season to be jolly, and throughout the USA, cities large and small are hauling out the holly and decking their halls as they prepare to celebrate the holiday season. From the 100th anniversary of the Macy’s Thanksgiving Day Parade to countless twinkling holiday light shows to New Year’s Eve drops unlike any you’ve seen before, you’ll find a variety of ways to ring in Thanksgiving, Hanukkah, Christmas, Kwanzaa and New Year’s.
Tokyo and Around Tokyo: Discover Nikko’s Autumn Colours by Rail
Autumn is one of the most beautiful times to explore Nikko, where colourful foliage transforms the mountains, lakes and historic sites north of Tokyo. With autumn colours gradually spreading from the higher elevations of Oku-Nikko to the city centre, visitors can enjoy seasonal scenery over several weeks. Combining spectacular natural landscapes with UNESCO World Heritage sites and convenient rail connections from Tokyo, Nikko is an appealing addition to an autumn itinerary in Japan.
Britain’s Bank of Grandparents is Reshaping the Luxury Ski Holiday, with VIP SKI
Booming over-65 spending is fuelling this and the trend mirrors wider consumer spending patterns. Economic analysis from Barclays Insights in 2026 reveals that travel spending by the over-65 demographic grew by 6.8%, outperforming all other age groups. This generation is heavily financing large-scale family holidays and are Britain’s fastest-growing travel spenders.
50 New Members Join WTTC as the Global Travel & Tourism Sector Continues to Grow
The World Travel & Tourism Council (WTTC), the most influential private-sector organisation within the Travel & Tourism industry, today revealed that 50 new members have joined the organisation so far in 2026. The new members span the full breadth of the sector and beyond, including mobility, hospitality, travel retail, investment and insurance. Among them are Corinthia Group, Club Med, Investindustrial, Allianz Partners and Pernod Ricard, alongside eight returning members, including Uber, Barceló Hotel Group, Meliá Hotels International and Avolta.
Spain’s Travel & Tourism Sector Set to Surpass €269BN in 2026
The World Travel & Tourism Council (WTTC) highlighted Spain’s continued tourism leadership during the VI Turespaña Convention, where WTTC President & CEO, Gloria Guevara, addressed tourism leaders from across the country on the opportunities and priorities shaping the future of Travel & Tourism. According to WTTC’s latest Economic Impact Research, Spain’s Travel & Tourism sector is expected to contribute more than €269BN to the national economy in 2026, representing growth of 4.1%. The forecast has been revised upwards from WTTC’s previous projection of 3.7% and exceeds projected growth for Spain’s overall economy (2.7%), as well as Travel & Tourism growth across Europe (3.1%) and globally (2.5%).
The Brief: A Beginner’s Guide to Hotel Loyalty Programmes
Hotel points programmes can be just as rewarding as airline frequent flyer programmes. The post The Brief: A Beginner’s Guide to Hotel Loyalty Programmes appeared first on Business Traveller.
ALL Accor Launches Stay for More Offer with up to 25% off Flexible Rates across Europe and Beyond
There’s something special about travelling in the wintertime. The pace slows down, and familiar destinations take on a whole new character. Festive markets fill picturesque cities, while crisp winter landscapes create the ideal setting for seasonal adventures. Whether guests are embracing the magic of a winter getaway or relaxing on sun-soaked shores, winter travel has a way of turning every journey into a well-deserved reward. ALL Accor, the travel and lifestyle loyalty programme, is launching a brand-new offer on ALL.com, giving guests a discount of up to 25% on flexible rate hotel bookings of a minimum of two nights at participating hotels across Europe and beyond.
Screams to scandals: how Hong Kong’s Ocean Park has spooked Halloween guests for 25 years
When Ocean Park launched its Halloween celebrations in 2001, pumpkins, witches and vampires helped turn a visit to the theme park into a seasonal fright night. Twenty-five years later, haunted houses drawing on Hong Kong ghost stories share this year’s programme with family activities, live performances and a dark-fantasy collaboration with a pop star. The history of Halloween at Ocean Park is not simply a timeline of increasingly bigger productions and more elaborate effects. It is also a story...
Hong Kong’s M+ forges new alliance with MoMA and Centre Pompidou to redefine museum loans
Hong Kong’s M+ museum, New York’s Museum of Modern Art (MoMA) and the Centre Pompidou in Paris signed an agreement on October 30 to establish a three-way cultural alliance, aiming to redefine how visual culture is collected, exhibited and shared globally. The framework agreement, signed at M+ in the West Kowloon Cultural District, departs from conventional short-term blockbuster touring exhibitions and fee-based satellite franchises. With no money changing hands, the institutions will focus on...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.