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Power Electronics Market: Deep Company Profiling of Leading Players 2020-2024

Author : Ronak Bora | Published Date : 2020-09-10 

Power electronics market one of the most pivotal verticals of the electronics and media sphere has been estimated to garner substantial returns in the ensuing seven years. The extensive popularity of this business space can be attributed to its massive deployment across the automotive, industrial, consumer electronics, defense, aerospace, renewable energy systems, and ICT sectors.

Furthermore, the competitive spectrum of power electronics market has been witnessing the unveiling of exceptional and innovative products equipped with emerging technologies, specifically developed for particular end-use disciplines. The upcoming market players have been vying with the existing leading firms to build a robust presence in the industry.

For instance, Navitas Semiconductor Inc., an emerging power electronics industry player based in the U.S., has recently launched the world’s first commercial Gallium Nitride (GaN) Power Integrated Circuit which enables highly energy-efficient and low-cost power converters. Such dynamic product innovations are set to significantly alter the growth landscape of power electronics industry in the forthcoming years.

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Concurrently, the ever-growing governmental thrust across various nations to adopt renewable power sources in residential and industrial sectors to reduce air pollution, lower particulate matter, slash CO2 emissions and suppress the fossil fuel depletion, has had a favorable impact on power electronics market growth.

To cite an instance, the Indian government under its Jawaharlal Nehru National Solar Mission has resolved to attain an ambitious solar power capacity of 100 GW through rooftop and large-scale grid-connected solar power projects by 2022. Undoubtedly, these humongous projects would require AC/DC converters and switching systems to work seamlessly, which would, in turn, boost the expansion of power electronics market.

Top Key Players In Power Electronics Market are Developer Manufacturer Profiles, ENERCON, Fuji Electric Co. Ltd.,, GE Wind Energy., LLC., Infineon Technologies, Maxim Integrated Products, Inc., Mersen, Methode Electronics, Inc., Microsemi Corporation, Mitsubishi Electric, NXP Semiconductor N.V., ON Semiconductor, Renesas Electronics Corporation, Semikron Electronics GmbH Co., Inc., Stmicroelectronics N.V, Texas Instruments Incorporated, , Airbus SE, Apple, Inc., BMW Group, General Electric, General Motors, Haier Corporation, Hewlett-Packard Company, Hitachi Ltd., Honeywell International Inc., LG Corporation, Lockheed Martin Corporation, Samsung Electronics, Sharp Corporation, Schneider Electric, Tesla, Inc., Thales Group, Toyota Motors, Volkswagen AG

For the record, Gallium Nitride power ICs are considered as an emerging technology that has propelled the power electronics industry to enter a new era of imaginative topologies, new controllers, materials, devices, and magnetics. They have been increasingly replacing the conventional silicon devices who are comparatively slower and inefficient, consequentially, further stimulating the growth of power electronics market size which was pegged at USD 34 billion in 2016.

The Asia Pacific region is anticipated to be one of the most lucrative territory for power electronics market, given the wide-ranging deployment of the products across a multitude of business verticals. The economic boom in the region has resulted in increased disposable income in the middle-class households which has enabled them to purchase a greater amount of luxury electronic goods and systems. To add to it, the power losses and consistent current fluctuations, especially in manufacturing and industrial sectors of the region, have necessitated the deployment of power electronics systems such as UPS, inverters, and power regulators.

Table Of Content:

Chapter 4.   Power Electronics Market, By Product

4.1.  Power electronics industry share by product, 2016 2024

4.2.  Discrete

4.2.1. Market estimates and forecasts, 2013 - 2024

4.3.  Module

4.3.1. Market estimates and forecasts, 2013 - 2024

4.4.  IC

4.4.1. Market estimates and forecasts, 2013 - 2024

Chapter 5.   Power Electronics Market, By Application

5.1.  Power electronics industry share by application, 2016 2024

5.2.  Automotive

5.2.1. Market estimates and forecasts, 2013 - 2024

5.3.  Consumer electronics

5.3.1. Market estimates and forecasts, 2013 - 2024

5.4.  ICT

5.4.1. Market estimates and forecasts, 2013 - 2024

5.5.  Industrial

5.5.1. Market estimates and forecasts, 2013 - 2024

5.6.  Aerospace defense

5.6.1. Market estimates and forecasts, 2013 – 2024

5.7.  Others

5.7.1. Market estimates and forecasts, 2013 – 2024

Chapter 6.   Power Electronics Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/power-electronics-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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