Global Power Electronics Market (2021 to 2027)

Dublin, 17 January 2022 (GLOBE NEWSWIRE) – Report “Global Power Electronics Market for Applications, Device Types, Materials, Regional Perspectives, Industry Analysis and Forecast Report 2021-2027.” was added to ResearchAndMarkets.com offer.

The global power electronics market is expected to reach $ 46.81 billion by 2027, an increase of 4.4% CAGR over the forecast period.

Power electronics is one example of solid-state electronics in which electrical power is converted from one state to another and regulated efficiently and effectively. It is used in a wide range of devices in the industrial, automotive and transportation, consumer electronics, renewable energy, and defense and aerospace sectors.

Several power electronics suppliers have a strong propensity to market renewable energy. It is expected that the trend of energy saving in areas such as energy storage and data centers, as well as the growing commercialization of 5G technology will provide lucrative opportunities for key market players, especially in distribution centers and communications applications.

In addition, some factors in the growth of the industry are the trend of electric vehicles and autonomous vehicles in the automotive industry and the growth of electric vehicle production. In addition, silicon carbide devices are mainly used in on-board chargers of electric taxis, buses, trucks and cars.

It is expected that factors such as increased construction of hyper-scale data centers and growing demand for solutions for data centers in such facilities will stimulate the growth of the power electronics market over the forecast period. These power electronics devices provide greater electrical stability, high performance and maximum power consumption.

Analysis of the impact of COVID-19

The outbreak of the COVID-19 pandemic has significantly affected various business sectors. Various restrictions, such as social distancing, blocking, travel bans, have severely disrupted supply chains around the world. In addition, labor shortages and a temporary ban on manufacturing units in the initial phase of the pandemic negatively affected the demand and supply of power electronics in the market.

Moreover, companies operating in this market are taking initiatives to cope with the effects of the pandemic, as well as preparing for such future incidents. Many governments are helping manufacturers resume operations and expand production capacity by easing tough mandates and regulations that are expected to accelerate demand and growth in the power electronics market over the forecast period.

Market growth factors:

Rapid production of electric vehicles

The electric motor has a wide range of components that use power electronics such as wiper control, ignition lock, interior lighting, adaptive front lighting and electric power steering. It is expected that the increase in the number of electric vehicles and plug-in hybrid electric vehicles will increase the demand for power electronics, which will promote market growth. People’s awareness of environmental impact and emission rules set by governments in developed countries, especially across Europe, is expected to increase demand for electric vehicles to minimize emissions from vehicles.

Growth in technological advances in insulated gate bipolar transistors (IGBT)

There are several products included in power electronics, namely. bipolar transistors (BJTs), rectifiers, thyristors, insulated gate bipolar transistors (IGBTs) and metal oxide-semiconductor (MOSFET) field-effect transistors. Discrete power supplies, such as IGBT, BJT and MOSFET, help reduce energy consumption and reduce noise in the operation of many industrial appliances. Along with this, it is expected that the increasing proliferation of power electronic devices in power inverters, industrial motor drives, power grids and DC converters will contribute to the further growth of the power electronics market over the forecast period.

Marketing deterrent:

Sophisticated design and integration procedure and high cost

Many key players in the power electronics market are increasingly focusing on integrating different features into one chip, making it difficult to design. In addition, it is difficult to design and integrate power electronics devices, as they require a robust methodology, special skill sets and a special set of tools that are expected to further add to the total cost of these devices. Thus, the high cost of these devices is estimated to hinder the process of end-users moving towards advanced technology devices.

Outlook device type

The power electronics market is divided into discrete power, power modules and power chips. In 2020, the energy IC segment acquired the highest revenue share in the market and is estimated to maintain this trend over the forecast period. In addition, power chips are used to charge the battery, convert DC to DC and scale the voltages used in different sectors.

Perspective materials

The power electronics market is divided into silicon, silicon carbide and gallium nitride. The silicon-based power electronics segment is expected to have the largest share of the power electronics market over the forecast period.

Outlook application

The market of power electronics is classified into consumer electronics, industrial, automotive and transport, ICT, aerospace and defense, and others. Among them, consumer electronics is expected to receive the highest share of revenue in the electrical engineering market for the forecast period. The introduction of transistors has intensified the demand for power electronics in the consumer electronics market.

Regional Review

The power electronics market is being analyzed in North America, Europe, the Asia-Pacific region and Lamea. The Asia-Pacific region is projected to receive the highest revenue share and the highest growth rate in the power electronics market over the forecast period. The presence of key players in the ICT market, consumer electronics, industrial and automotive verticals in countries such as Japan, China and South Korea is expected to open up bright prospects for growth in the regional power electronics market.

Cardinal Matrix – Analysis of Competition in the Power Electronics Market

The main strategies followed by market participants are product launch. Based on the Analysis presented in the cardinal matrix; Texas Instruments, Inc. and ABB Group are the forerunners in the power electronics market. Companies such as Renesas Electronics Corporation, ON Semiconductor Corporation, STMicroelectronics NV, are among the key innovators in the market.

The market research report covers an analysis of key market stakeholders. Key companies presented in the report include NXP Semiconductors NV, Infineon Technologies AG, Texas Instruments, Inc., Toshiba Corporation, Renesas Electronics Corporation, ON Semiconductor Corporation, STMicroelectronics NV, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd. (Furukawa Group), and ABB Group.

The main topics covered:

Chapter 1. Market size and methodology

Chapter 2. Market overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 The main factors affecting the market
2.2.1 Market Drivers
2.2.2 Market restrictions

Chapter 3. Competition analysis – global
3.1 The cardinal matrix
3.2 Recent strategic developments in the industry
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launch and expansion
3.2.3 Acquisition and Merger
3.2.4 Geographical extensions
3.3 Best Winning Strategies
3.3.1 Key Lead Strategies: Percentage Distribution (2017-2021)
3.3.2 Key strategic step: (Product launch and expansion: 2017, September – 2021, November) Leading players

Chapter 4. The global power electronics market for applications
4.1 World Consumer Electronics Market by Region
4.2 World Road and Transport Market by Region
4.3 World industry market by region
4.4 World ICT Market by Region
4.5 World Aerospace and Defense Industry Market by Region
4.6 Global marketplace of other applications by region

Chapter 5. World market of power electronics by type of devices
5.1 Global Power IC Market by Region
5.2 World Market Energy Module by Region
5.3 Global Discrete Power Market by Region

Chapter 6. The world market of power electronics on materials
6.1 World Silicon Market by Region
6.2 World market for silicon carbide by region
6.3 World Gallium Nitride Market by Region
6.4 Global Market Others by Region

Chapter 7. The world market of power electronics by regions

Chapter 8. Company Profiles
8.1 NXP Semiconductors NV
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional analysis
8.1.4 Research and development costs
8.1.5 Recent Strategies and Events:
8.1.5.1 Partnerships, cooperation and agreements:
8.1.6 SWOT analysis
8.2 Infineon Technologies AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and regional analysis
8.2.4 Research and development costs
8.2.5 Recent Strategies and Events:
8.2.5.1 Partnerships, cooperation and agreements:
8.2.5.2 Acquisition and Merger:
8.2.5.3 Product launch and expansion:
8.2.5.4 Geographical extensions:
8.2.6 SWOT analysis
8.3 Texas Instruments, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and regional analysis
8.3.4 Research and development costs
8.3.5 Recent Strategies and Events:
8.3.5.1 Partnerships, cooperation and agreements:
8.3.5.2 Acquisition and Merger:
8.3.5.3 Product launch and expansion:
8.3.5.4 Geographical extensions:
8.3.6 SWOT analysis
8.4 Toshiba Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and regional analysis
8.4.4 Research and development costs
8.4.5 Recent Strategies and Events:
8.4.5.1 Product launch and expansion:
8.4.5.2 Geographical extensions:
8.4.6 SWOT analysis
8.5 Renesas Electronics Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and regional analysis
8.5.4 Research and development costs
8.5.5 Recent Strategies and Events:
8.5.5.1 Partnerships, cooperation and agreements:
8.5.5.2 Acquisition and Merger:
8.5.5.3 Product launch and expansion:
8.6 ON Semiconductor Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and regional analysis
8.6.4 Research and development costs
8.6.5 Recent Strategies and Events:
8.6.5.1 Partnerships, cooperation and agreements:
8.6.5.2 Acquisition and Merger:
8.6.5.3 Product launch and expansion:
8.7 STMicroelectronics NV
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and regional analysis
8.7.4 Research and development costs
8.7.5 Recent Strategies and Events:
8.7.5.1 Partnerships, cooperation and agreements:
8.7.5.2 Acquisition and Merger:
8.7.5.3 Product launch and expansion:
8.7.6 SWOT analysis
8.8 Mitsubishi Electric Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and regional analysis
8.8.4 Research and development costs
8.8.5 Recent Strategies and Developments:
8.8.5.1 Acquisition and Merger:
8.8.5.2 Product launch and expansion:
8.8.6 SWOT analysis
8.9 Fuji Electric Co. Ltd. (Furukawa Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and regional analysis
8.9.4 Research and development costs
8.9.5 Recent Strategies and Developments:
8.9.5.1 Acquisition and Merger:
8.9.5.2 Product launch and expansion:
8.1 ABB Group
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and regional analysis
8.10.4 Research and development costs
8.10.5 Latest Strategies and Developments:
8.10.5.1 Acquisition and Merger:
8.10.5.2 Product launch and expansion:
8.10.5.3 Geographical extensions:
8.10.6 SWOT analysis

For more information on this report, visit https://www.researchandmarkets.com/r/9gob38

        

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