Power Electronics Market, Global Outlook and Forecast 2023-2029

Power electronics is a solid-state circuitry device that converts and controls electric power from the source to the load in an efficient and convenient manner. It is used to control the fluctuated power from one device to other power devices such as diodes, transistors, and thyristors. It enables power management to enhance energy conservation in various applications such as industrial systems, consumer electronic, and electric vehicles. In addition, power electronics can control the flow of energy in unidirectional as well as bidirectional manner, depending upon the usage. Currently, it is used in renewable resources and electric vehicles to improve switching speed and prevent power loss.

This report aims to provide a comprehensive presentation of the global market for Power Electronics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Electronics. This report contains market size and forecasts of Power Electronics in global, including the following market information:

Global Power Electronics Market Revenue, 2018-2023, 2024-2029, ($ millions)

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

Get FREE Sample of this Report at https://www.statsmarketresearch.com/download-free-sample/7704839/global-power-electronics-forecast-2023-2029-425

The global Power Electronics market was valued at US$ 34990 million in 2022 and is projected to reach US$ 42940 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Increasing adoption of power electronics in electric vehicles and aggrandized need for power management devices have led to higher adoption of power electronics in energy & power, automotive, consumer electronics, and other industries. Therefore, the global power electronics market is expected to witness moderate growth in the near future, owing to high-speed switching rate and optimized power loss. However, current leakage at high temperature and high infrastructure deployment cost hamper the market growth. Proactive government initiatives to establish high voltage direct current (HVDC) and smart grid utilizing power devices for power conversation are expected to provide lucrative opportunities to the market.

We surveyed the Power Electronics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:

Global Power Electronics Market, by Type, 2018-2023, 2024-2029 ($ millions)

Global Power Electronics Market Segment Percentages, by Type, 2022 (%)

Power IC

Power Module

Power Discrete

Global Power Electronics Market, by Application, 2018-2023, 2024-2029 ($ millions)

Global Power Electronics Market Segment Percentages, by Application, 2022 (%)

Consumer Electronics

Energy & Power

Industrial System

Inverter & UPS

Automotive

Global Power Electronics Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Power Electronics Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Electronics revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Power Electronics revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

Infineon Technologies

Mitsubishi Electric Corp

Toshiba Corporation

STMicroelectronics

Fuji Electric

Rockwell Automation

Microchip Technology Corporation

Texas Instruments

Outline of Major Chapters:

Chapter 1: Introduces the definition of Power Electronics, market overview.

Chapter 2: Global Power Electronics market size in revenue.

Chapter 3: Detailed analysis of Power Electronics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Power Electronics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.

Get the Complete Report & TOC at https://www.statsmarketresearch.com/global-power-electronics-forecast-2023-2029-425-7704839

CONTACT US:
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170
Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports