Power Electronics Market is predicted to reach USD 42.08 billion at a CAGR of 4.90% during the forecast period:

Market Research Future Published a Cooked Research Report on "Global Power Electronics Market "

MRFR recognizes the following companies as the key players in the global Power Electronics market— 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., STMicrolectronics, Texas Instruments, Toshiba Electronics Devices & Storage Corporation, Vishay Intertechnology Inc. and Allegro Semiconductors,

Market Highlights

The global Power Electronics market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 42.08 billion by 2030.

The Power Electronics market involves the design, production, and application of electronic devices for efficient control and conversion of electrical power. It encompasses various industries, including automotive, energy, consumer electronics, and renewable energy. This market focuses on power semiconductors, converters, inverters, and related components, catering to the increasing demand for energy-efficient devices and advanced power management solutions.

Segment Analysis

The global Power Electronics market has been segmented  Type, Components, Size  and Applications

 Based on type, the market is segmented into gallium, nitride, sic, silicon, and others The silicon power electronics segment held the majority share in 2021 and is projected to grow the Power Electronics Market revenue. The sic is the fastest growing segment in the coming years due to fast charging and it is used in battery-powered electric vehicles.

 Based on components, the global Power Electronics market has been segmented into thyristor, gate turn-off transistor, MCT, silicon-controlled rectifier, AC/DC converter, static switches, MOSFET, and others The thyristor segment dominated the market in 2021 and is projected to be the largest growing segment during the forecast period, 2022-2030. The MOSFET is the fastest-growing segment due to low power consumption and lower noise production.

Based on size, The Power Electronics Market data has been segmented into 450mm, 200mm, 300mm, and 150mm more than that. The 300mm segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030.

Based on End User, the global Power Electronics market has been segmented into defense and aerospace, telecommunication and IT, and utilities and energy. Defense and aerospace held the largest segment share in 2021, owing to the rapid adoption of advanced Power Electronics products

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Power Electronics market Research Report

Regional Analysis

The global Power Electronics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Power Electronics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Power Electronics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Power Electronics market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific Power Electronics Market dominated this market in 2021 (12.22%). growing demand for electronic devices across the region.

Additionally, the second-largest market share for Power Electronics is held by Europe. The market share share due to the availability of renewable energy resources

North-America Power Electronics Market is expected to grow at the fastest CAGR from 2022 to 2030. Moreover, China Power Electronics market held the largest market share.

Furthermore, India Power Electronics market is the Indian government is concentrating on improving the policies for the expansion of the electronics sector in India during the anticipated timeframe

Key Findings of the Study

• The global Power Electronics market is expected to reach 42.08 billion by 2032, at a CAGR of 4.90% during the forecast period.


• The Asia-Pacific Power Electronics Market dominated this market in 2021 (12.22%). growing demand for electronic devices across the region.


• Based on components, The MOSFET is the fastest-growing segment due to low power consumption and lower noise production.


• Alpha & Omega Semiconductor (AOS) Europe, AMS AG, Analog Devices Inc., Dialog Semiconductor, Diodes Incorporated, Semiconductor Component Industries LLC, Infineon Technologies AG and Renesas Electronics Corporation