The global power electronics market is expected to register a CAGR of 4.90% from 2022 to 2030. The market is expected to reach USD 42.08 billion by 2030 :

Pune, India, November 2022, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Power Electronics Market.

The rising need for renewable energy is the main factor boosting the growth of the power electronics market. In addition, electric vehicles are increasingly adopting portable energy, which helps to decrease power consumption and energy use and boosts mileage and battery life. The global power electronics market is expected to register a CAGR of 4.90% from 2022-2030. The market is expected to reach USD 42.08 billion by 2030. 

Regional Analysis 


North America, Asia-Pacific, Europe, and the Rest of the World are the regions into which the power electronics market is divided. During the projection period, the Asia-Pacific region will hold the most significant market share for power electronics. According to predictions, this region will have a 10% CAGR. The increased demand for technological devices is primarily to blame. With the rising use of renewable energy, the market will experience massive revenue growth. Countries like Japan, China, India, Korea, and others are advancing in their usage of renewable energy. By 2030, these nations want to sell 25% more electric cars than they already do.
 
Market Segmentation
 
Wafer materials, applications, wafer sizes, component types, and wafer types are the different market segments for power electronics. The power electronics market is divided into N-Type and P-Type based on wafer materials. The power electronics sector is divided into the Thyristor, Static Switches, Diodes, MOSFET, AC/DC Converter, and other segments based on their components. The Gate Turn-Off Transistor (GTO), MCT (MOS-Controlled Thyristor), and Silicon Controlled Rectifier are different subtypes of the thyristor (SCR). The power electronics market is segmented by application into automotive, transportation, industrial, consumer electronics, defense and aerospace, telecommunications and IT, utilities and energy, and others.
 
Key Players

  • Alpha & Omega Semiconductor (AOS) Europe

  • AMS AG

  • Analog Devices Inc

  • Dialog Semiconductor

  • Diodes Incorporated

  • Semiconductor Component Industries LLC

  • Infineon Technologies AG

  • Renesas Electronics Corporation

  • Maxim Integrated

  • Microchip Technology Inc.

  • STMicroelectronics

  • Texas Instruments

  • Toshiba Electronic Devices & Storage Corporation

  • Vishay Intertechnology Inc.

  • Allegro Semiconductors