
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.
Highlights
The global Power Electronics market was valued at US$ 36180 million in 2022 and is anticipated to reach US$ 43460 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029. 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.
Report Scope
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.
The Power Electronics market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Power Electronics market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Electronics companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Infineon Technologies
Mitsubishi Electric Corp
Toshiba Corporation
STMicroelectronics
Fuji Electric
Rockwell Automation
Microchip Technology Corporation
Texas Instruments
Segment by Type
Power IC
Power Module
Power Discrete
Segment by Application
Consumer Electronics
Energy & Power
Industrial System
Inverter & UPS
Automotive
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Power Electronics companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Power Electronics Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Power IC
1.2.3 Power Module
1.2.4 Power Discrete
1.3 Market by Application
1.3.1 Global Power Electronics Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Consumer Electronics
1.3.3 Energy & Power
1.3.4 Industrial System
1.3.5 Inverter & UPS
1.3.6 Automotive
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Power Electronics Market Perspective (2018-2029)
2.2 Power Electronics Growth Trends by Region
2.2.1 Global Power Electronics Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Power Electronics Historic Market Size by Region (2018-2023)
2.2.3 Power Electronics Forecasted Market Size by Region (2024-2029)
2.3 Power Electronics Market Dynamics
2.3.1 Power Electronics Industry Trends
2.3.2 Power Electronics Market Drivers
2.3.3 Power Electronics Market Challenges
2.3.4 Power Electronics Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Power Electronics Players by Revenue
3.1.1 Global Top Power Electronics Players by Revenue (2018-2023)
3.1.2 Global Power Electronics Revenue Market Share by Players (2018-2023)
3.2 Global Power Electronics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Power Electronics Revenue
3.4 Global Power Electronics Market Concentration Ratio
3.4.1 Global Power Electronics Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Power Electronics Revenue in 2022
3.5 Power Electronics Key Players Head office and Area Served
3.6 Key Players Power Electronics Product Solution and Service
3.7 Date of Enter into Power Electronics Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Power Electronics Breakdown Data by Type
4.1 Global Power Electronics Historic Market Size by Type (2018-2023)
4.2 Global Power Electronics Forecasted Market Size by Type (2024-2029)
5 Power Electronics Breakdown Data by Application
5.1 Global Power Electronics Historic Market Size by Application (2018-2023)
5.2 Global Power Electronics Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Power Electronics Market Size (2018-2029)
6.2 North America Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Power Electronics Market Size by Country (2018-2023)
6.4 North America Power Electronics Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Power Electronics Market Size (2018-2029)
7.2 Europe Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Power Electronics Market Size by Country (2018-2023)
7.4 Europe Power Electronics Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Power Electronics Market Size (2018-2029)
8.2 Asia-Pacific Power Electronics Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Power Electronics Market Size by Region (2018-2023)
8.4 Asia-Pacific Power Electronics Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Power Electronics Market Size (2018-2029)
9.2 Latin America Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Power Electronics Market Size by Country (2018-2023)
9.4 Latin America Power Electronics Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Power Electronics Market Size (2018-2029)
10.2 Middle East & Africa Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Power Electronics Market Size by Country (2018-2023)
10.4 Middle East & Africa Power Electronics Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Infineon Technologies
11.1.1 Infineon Technologies Company Detail
11.1.2 Infineon Technologies Business Overview
11.1.3 Infineon Technologies Power Electronics Introduction
11.1.4 Infineon Technologies Revenue in Power Electronics Business (2018-2023)
11.1.5 Infineon Technologies Recent Development
11.2 Mitsubishi Electric Corp
11.2.1 Mitsubishi Electric Corp Company Detail
11.2.2 Mitsubishi Electric Corp Business Overview
11.2.3 Mitsubishi Electric Corp Power Electronics Introduction
11.2.4 Mitsubishi Electric Corp Revenue in Power Electronics Business (2018-2023)
11.2.5 Mitsubishi Electric Corp Recent Development
11.3 Toshiba Corporation
11.3.1 Toshiba Corporation Company Detail
11.3.2 Toshiba Corporation Business Overview
11.3.3 Toshiba Corporation Power Electronics Introduction
11.3.4 Toshiba Corporation Revenue in Power Electronics Business (2018-2023)
11.3.5 Toshiba Corporation Recent Development
11.4 STMicroelectronics
11.4.1 STMicroelectronics Company Detail
11.4.2 STMicroelectronics Business Overview
11.4.3 STMicroelectronics Power Electronics Introduction
11.4.4 STMicroelectronics Revenue in Power Electronics Business (2018-2023)
11.4.5 STMicroelectronics Recent Development
11.5 Fuji Electric
11.5.1 Fuji Electric Company Detail
11.5.2 Fuji Electric Business Overview
11.5.3 Fuji Electric Power Electronics Introduction
11.5.4 Fuji Electric Revenue in Power Electronics Business (2018-2023)
11.5.5 Fuji Electric Recent Development
11.6 Rockwell Automation
11.6.1 Rockwell Automation Company Detail
11.6.2 Rockwell Automation Business Overview
11.6.3 Rockwell Automation Power Electronics Introduction
11.6.4 Rockwell Automation Revenue in Power Electronics Business (2018-2023)
11.6.5 Rockwell Automation Recent Development
11.7 Microchip Technology Corporation
11.7.1 Microchip Technology Corporation Company Detail
11.7.2 Microchip Technology Corporation Business Overview
11.7.3 Microchip Technology Corporation Power Electronics Introduction
11.7.4 Microchip Technology Corporation Revenue in Power Electronics Business (2018-2023)
11.7.5 Microchip Technology Corporation Recent Development
11.8 Texas Instruments
11.8.1 Texas Instruments Company Detail
11.8.2 Texas Instruments Business Overview
11.8.3 Texas Instruments Power Electronics Introduction
11.8.4 Texas Instruments Revenue in Power Electronics Business (2018-2023)
11.8.5 Texas Instruments Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Infineon Technologies
Mitsubishi Electric Corp
Toshiba Corporation
STMicroelectronics
Fuji Electric
Rockwell Automation
Microchip Technology Corporation
Texas Instruments
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*If Applicable.
