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Writer's pictureIsha Deshpande
May 19, 20233 min read

Power Electronics Market 2022 Top Players and Growth Opportunity 2030

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.

The report offers a complete analysis of the global Power Electronics market on a global and regional scale and offers a forecast for the market. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Power Electronics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

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

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Emergen Research has segmented the global Power Electronics market on the basis of type, application, end-use, 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


The various regions analyzed in the report include:

  • 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)

Key Objectives of the Report:

  • Analysis and estimation of the Power Electronics Market size and share for the projected period of 2022-2030

  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Power Electronics Market

  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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