Charting Power Electronics Market Growth: Trends Shaping the Future Landscape

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By Isha Deshpande Posted on Aug 25, 2023
In Category - Business

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Alex Harvey

Abstract
Rapid advancements in power management technology is a key factor driving market revenue growth

The size of the global market for power electronics was USD 37.40 billion in 2021, and it is anticipated to grow in value at a CAGR of 4.1%. A major driver influencing market revenue growth is the growing need for environmentally friendly and sustainable solutions, particularly in light of growing worries about Carbon Dioxide (CO2) emissions and global warming. Additionally, end-use businesses are investing in dependable and secure power electronics as a result of their growing awareness of the advantages of energy-efficient infrastructure. In numerous regions, this has greatly boosted industry revenue growth. By integrating Insulated Gate Bipolar Transistor (IGBT) technology into inverters, Uninterruptible Power Systems (UPSs), and switching devices for static var compensators from thyristors or Gate Turn Off Thyristors (GTOs) to high power IGBTs, power electronics play a significant role in improving efficiency and performance. Additionally, low-loss and high-performance devices have been marketed. Emergen Research latest study, titled ‘Global Power Electronics Market,’ sheds light on the crucial aspects of the global Power Electronics market. The report aims to help readers accurately estimate the global market growth rate over the forecast period. Our market research team has meticulously performed quantitative and qualitative assessments of the Power Electronics market dynamics, considering a slew of factors, including market penetration, product portfolios, end-user industries, pricing structure, and the key drivers, constraints, opportunities, and challenges predominantly affecting market growth. Get Download Pdf Sample Copy of this Report@ https://www.emergenresearch.com/request-sample/1368 Competitive Terrain: The global Power Electronics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies. The leading market contenders listed in the report are: 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 Key market aspects studied in the report: Market Scope: The report explains the scope of various commercial possibilities in the global Power Electronics market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion. Competitive Outlook: The leading companies operating in the Power Electronics market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts. Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Power Electronics market. Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now)@ https://www.emergenresearch.com/request-discount/1368 Market Segmentations of the Power Electronics Market This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Power Electronics market on the basis of product, application, and region: Segments Covered in this report are: Device Type Outlook (Revenue, USD Billion; 2019-2030) Power Discrete Power Module Power Integrated Circuit (IC) Material Outlook (Revenue, USD Billion; 2019-2030) Silicon Silicon Carbide Gallium Nitride Others Application Outlook (Revenue, USD Billion; 2019-2030) Power Management Drives Rail Traction Transportation Renewables Others Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/power-electronics-market Major Geographies Analyzed in the Report: North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) ToC of the report: Chapter 1: Market overview and scope Chapter 2: Market outlook Chapter 3: Impact analysis of COVID-19 pandemic Chapter 4: Competitive Landscape Chapter 5: Drivers, Constraints, Opportunities, Limitations Chapter 6: Key manufacturers of the industry Chapter 7: Regional analysis Chapter 8: Market segmentation based on type applications Chapter 9: Current and Future Trends Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-history/1368

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