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The Power Electronics Market Size was valued at USD 36.28 Billion in 2023 and is expected to reach USD 60.10 Billion by 2032, growing at a CAGR of 5.78% over the forecast period 2024-2032.
The power electronics market is a vital sector within the broader electronics industry, primarily focused on the conversion, control, and management of electric power. The market has experienced substantial growth due to the increasing demand for energy-efficient devices, rising global energy consumption, and the ongoing transition towards sustainable energy solutions. In recent years, the demand for renewable energy solutions, particularly solar power and wind energy, has significantly influenced the power electronics market. Power electronic converters are essential in these systems, enabling the efficient conversion of generated energy into usable electricity. For instance, photovoltaic (PV) inverters are crucial in solar energy systems, allowing the conversion of direct current (DC) produced by solar panels into alternating current (AC) for grid use. Similarly, in wind energy, power converters help in optimizing output and improving the stability of the energy produced.
Electric vehicles (EVs) represent another significant application area for power electronics. In 2022, the global electric vehicle stock soared to approximately 14 million units, reflecting a 60% increase from the previous year. This surge is attributed to government initiatives promoting electric mobility, with global EV sales surpassing 10 million units in the same year. Additionally, the renewable energy sector is witnessing significant advancements, with installed capacity reaching 3,193 gigawatts in 2022. This shift necessitates efficient power management solutions provided by power electronics to optimize energy output. As the automotive industry increasingly shifts towards electrification, the need for efficient power management systems has surged. Power electronics facilitate the conversion and management of energy between the battery, electric motor, and other components in EVs. High-performance power electronic systems not only enhance vehicle efficiency but also improve overall driving range and performance. The proliferation of EV charging infrastructure further underscores the importance of power electronics in supporting sustainable transportation.
Drivers
The Growing Demand for Power Electronics Driven by Sustainability and Energy Efficiency Goals.
The increased emphasis on sustainability worldwide and decreasing carbon footprints has driven the need for energy-efficient solutions in different industries. Power electronics is essential for improving the effectiveness of electrical systems. As governments and organizations work towards achieving energy conservation goals, the use of power electronics in industrial settings, residential structures, and commercial spaces is increasing. Energy-saving technologies reduce energy usage, leading to decreased utility expenses and easing the strain on the power grid. Power electronic devices can lead to substantial energy savings when incorporated into applications like motor drives, lighting systems, and HVAC systems. An example of this is variable frequency drives (VFDs) that enable motors to run at varying speeds, enhancing efficiency and cutting down on energy wastage. Furthermore, market expansion is driven by regulatory requirements that target the reduction of greenhouse gas emissions and the promotion of energy-efficient technologies. Organizations are motivated to implement power electronics solutions that aid in meeting these regulations. This leads to a strong market for power electronics since industries are driven to develop and adopt energy-saving methods.
Surging Demand for Advanced Power Electronics Driven by Growth in Consumer Electronics.
The expansion of consumer electronics like smartphones, laptops, and home appliances plays a major role in the increase of the power electronics market. Efficient power management systems are needed for these devices to guarantee top performance, battery life, and safety. Power electronics play a crucial role in many consumer goods by offering effective power conversion and control. For instance, chargers containing advanced power electronic technologies can provide quicker charging speeds and improved energy efficiency. Manufacturers are focusing on power electronics solutions to improve product performance and user experience as consumer demand grows for energy-efficient and smart devices. The increasing desire for cutting-edge consumer electronics is still fueling the demand for advanced power electronics, opening up new possibilities for companies in the market.
Restraints
Navigating the Challenges of Designing and Integrating Complex Power Electronics Systems
Designing and integrating power electronics systems may be complicated and necessitate specialized knowledge and expertise. With the progression of technology, systems are becoming more complex, requiring sophisticated engineering expertise for their creation and application. This intricacy presents obstacles when it comes to being compatible with current systems, especially in sectors with outdated infrastructure. Incorporating fresh power electronic solutions into existing systems may necessitate considerable time and resources, resulting in possible project delays and higher expenses. Additionally, the fast rate of technological progress can result in difficulties in meeting industry requirements and rules, highlighting the importance of companies providing ongoing training and growth opportunities for their engineers. The intricacy of design and integration may serve as a barrier, constraining market expansion and uptake.
by Material
Silicon (Si) held a major market share of 89% in 2023 and is the primary material used in its production. Its widespread utilization is credited to its affordability, well-established production techniques, and exceptional electrical characteristics. Silicon is well-suited for many uses, like power supplies, inverters, and motor drives, and is a key material in industries like consumer electronics, automotive, and industrial automation. Infineon's CoolMOS technology boosts power supply performance in data centers, while ON Semiconductor's Si-based power devices are crucial for electric vehicles (EVs), aiding in efficiency enhancements and energy loss reduction.
The sapphire segment is going to be the fastest-growing with a rapid CAGR during 2024-2032, such as its high thermal conductivity, great electrical insulation, and resistance to radiation. The use of sapphire substrates is growing in applications that demand high performance, like LED lighting and high-frequency devices. AIXTRON creates deposition tools to make top-notch sapphire substrates necessary for advanced LED uses.
by Device
ICs segment dominated with a 55% market share in 2023 because of their small size, excellent efficiency, and integration features. Integrated circuits are crucial in a wide range of uses, such as consumer electronics, automotive, industrial automation, and renewable energy systems. For instance, Texas Instruments and Infineon Technologies create power management ICs that enhance energy efficiency in devices such as smartphones and electric vehicles.
Modules are experiencing a rapid growth rate during 2024-2032 in the power electronics market due to the rising need for efficient solutions in sectors such as renewable energy, electric vehicles, and industrial automation. These modules integrate various parts, such as power transistors and passive devices, into one package, enhancing efficiency and decreasing thermal management needs. For example, Mitsubishi Electric and ABB produce power modules for solar inverters and electric vehicle chargers.
The Asia-Pacific led the market with a 39% market share in 2023 due to its strong manufacturing capabilities and expanding consumer electronics industry. Nations such as China and India are leading the way in this expansion, fueled by increasing needs for energy-saving gadgets and sustainable energy options. China's focus on electrification and green technologies has resulted in notable progress in power electronics used in different industries like industrial automation, transportation, and renewable energy. by leading in electric vehicle powertrains and energy storage systems, companies like byD and Huawei are important figures in the industry.
North America is accounted to become the fastest-growing region during 2024-2032, fueled by the rising use of renewable energy sources, electric vehicles (EVs), and smart grid technologies. Government efforts and financial support to encourage sustainable energy practices also enhance market expansion. Tesla and General Motors are making major strides in EV technology by incorporating advanced power electronics to improve performance and efficiency. Furthermore, prominent semiconductor producers like Texas Instruments and Infineon Technologies are actively engaged in creating sophisticated power management solutions specifically designed for automotive and industrial uses.
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Key Players
The major key players in the Power Electronics Market are:
STMicroelectronics (STPOWER MOSFETs, STM32 Microcontrollers)
Infineon Technologies AG (CoolMOS MOSFETs, XMC Microcontrollers)
Vishay Intertechnology, Inc. (Power MOSFETs, IGBTs)
ON Semiconductor (NCP3065 LED Driver, NCP81074 Gate Driver)
Renesas Electronics Corporation (RA Microcontroller Series, ISL8117 DC-DC Regulator)
Texas Instruments Incorporated (LM25118 DC-DC Converter, C2000 Microcontrollers)
TOSHIBA CORPORATION (Toshiba MOSFETs, Microcontrollers)
Mitsubishi Electric Corporation (IGBT Modules, Power Supply Units)
Fuji Electric Co., Ltd. (IGBT Power Modules, Power Supply Controllers)
NXP Semiconductors (LPC Microcontrollers, Power Management ICs)
Broadcom Inc. (AFBR-S50 Optical Sensors, Power Management ICs)
Nexperia (Power MOSFETs, Schottky Diodes)
Analog Devices, Inc. (Power Amplifiers, Voltage References)
Maxim Integrated (MAX14922 Power Management IC, MAX20752 DC-DC Converter)
Hitachi, Ltd. (IGBT Modules, Power Amplifiers)
Semikron International GmbH (SKiiP Modules, Power Modules)
International Rectifier (now part of Infineon) (IRF MOSFETs, Power ICs)
Power Integrations (HiperPFS-4 Power Factor Correction IC, LINKSwitch-4 Switcher IC)
Schneider Electric (Altivar Drives, Power Distribution Equipment)
Eaton Corporation (Powerware UPS Systems, Eaton 9PX UPS)
Recent Development
September 2024: Odisha took a significant step towards its goal of becoming a semiconductor hub of the country with the groundbreaking of the first silicon carbide manufacturing facility to be set up by RIR Power Electronics at EMC Park.
July 2024: Wide-bandgap (WBG) semiconductors are surging in popularity in power electronics, offering superior performance characteristics compared with traditional silicon-based devices.
February 2024: ABB launched a new SiC power module that enhances efficiency and performance in various applications, including electric vehicles and renewable energy systems.
January 2024: STMicroelectronics unveiled a new line of power management integrated circuits (PMICs) aimed at enhancing the efficiency of battery-operated devices.
November 2023: Infineon Technologies introduced a new series of 1200V SiC MOSFETs designed to optimize efficiency and thermal performance in power conversion applications.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 36.28 Billion |
| Market Size by 2032 | USD 60.10 Billion |
| CAGR | CAGR of 5.78% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material (Silicon (Si), Sapphire, Silicon Carbide (SiC), Gallium Nitride (GaN), Others) • By Device (Discrete, Module, IC) • By Application (ICT, Consumer Electronics, Power, Industrial, Automotive, Aerospace & Defense, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, Inc., ON Semiconductor, Renesas Electronics Corporation, Texas Instruments Incorporated, TOSHIBA CORPORATION, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., NXP Semiconductors, Broadcom Inc., Nexperia, Analog Devices, Inc., Maxim Integrated, Hitachi, Ltd., Semikron International GmbH, International Rectifier, Power Integrations, Schneider Electric, Eaton Corporation |
| Key Drivers | • The Growing Demand for Power Electronics Driven by Sustainability and Energy Efficiency Goals. • Surging Demand for Advanced Power Electronics Driven by Growth in Consumer Electronics. |
| RESTRAINTS | • Navigating the Challenges of Designing and Integrating Complex Power Electronics Systems |
Ans: The Power Electronics Market is expected to grow at a CAGR of 5.78% during 2024-2032.
Ans: The Power Electronics Market was USD 36.28 Billion in 2023 and is expected to Reach USD 60.10 Billion by 2032.
Ans: In the Power Electronics Market, Asia-Pacific is the largest geographic market.
Ans: STMicroelectronics, Infineon Technologies AG, Vishay Intertechnology, Inc., ON Semiconductor, Renesas Electronics Corporation, Texas Instruments Incorporated, TOSHIBA CORPORATION, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., NXP Semiconductors, Broadcom Inc., Nexperia, Analog Devices, Inc., Maxim Integrated, Hitachi, Ltd., Semikron International GmbH, International Rectifier, Power Integrations, Schneider Electric, Eaton Corporation.
Ans: The Silicon (Si) segment dominated the Power Electronics Market.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Power Electronics Sales Volume, by Region (2023)
5.2 Power Electronics Design Trends (Historic and Future)
5.3 Power Electronics Consumer Trends (2023)
5.4 Supply Chain Metrics
6. Competitive Landscape
6.1 List of Major Companies, by Region
6.2 Market Share Analysis, by Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Power Electronics Market Segmentation, by Material
7.1 Chapter Overview
7.2 Silicon (Si)
7.2.1 Silicon (Si) Market Trends Analysis (2020-2032)
7.2.2 Silicon (Si) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Sapphire
7.3.1 Sapphire Market Trends Analysis (2020-2032)
7.3.2 Sapphire Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Silicon Carbide (SiC)
7.3.1 Silicon Carbide (SiC) Market Trends Analysis (2020-2032)
7.3.2 Silicon Carbide (SiC) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Gallium Nitride (GaN)
7.3.1 Gallium Nitride (GaN) Market Trends Analysis (2020-2032)
7.3.2 Gallium Nitride (GaN) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Others
7.3.1 Others Market Trends Analysis (2020-2032)
7.3.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Power Electronics Market Segmentation, by Device
8.1 Chapter Overview
8.2 Discrete
8.2.1 Discrete Market Trends Analysis (2020-2032)
8.2.2 Discrete Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Module
8.3.1 Module Market Trends Analysis (2020-2032)
8.3.2 Module Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 IC
8.4.1 IC Market Trends Analysis (2020-2032)
8.4.2 IC Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Power Electronics Market Segmentation, by Application
9.1 Chapter Overview
9.2 ICT
9.2.1 ICT Market Trends Analysis (2020-2032)
9.2.2 ICT Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Consumer Electronics
9.3.1 Consumer Electronics Market Trends Analysis (2020-2032)
9.3.2 Consumer Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Power
9.4.1 Power Market Trends Analysis (2020-2032)
9.4.2 Power Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Industrial
9.5.1 Industrial Market Trends Analysis (2020-2032)
9.5.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Automotive
9.6.1 Automotive Market Trends Analysis (2020-2032)
9.6.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Aerospace & Defense
9.7.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.7.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Others
9.8.1 Others Market Trends Analysis (2020-2032)
9.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.2.4 North America Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.2.5 North America Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.2.6.2 USA Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.2.6.3 USA Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.2.7.2 Canada Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.2.7.3 Canada Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.2.8.2 Mexico Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.2.8.3 Mexico Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.6.2 Poland Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.6.3 Poland Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.7.2 Romania Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.7.3 Romania Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.4 Western Europe Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.5 Western Europe Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.6.2 Germany Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.6.3 Germany Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.7.2 France Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.7.3 France Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.8.2 UK Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.8.3 UK Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.9.2 Italy Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.9.3 Italy Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.10.2 Spain Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.10.3 Spain Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.13.2 Austria Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.13.3 Austria Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.6.2 China Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.6.3 China Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.7.2 India Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.7.3 India Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.8.2 Japan Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.8.3 Japan Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.9.2 South Korea Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.9.3 South Korea Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.10.2 Vietnam Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.10.3 Vietnam Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.11.2 Singapore Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.11.3 Singapore Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.12.2 Australia Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.12.3 Australia Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.4 Middle East Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.5 Middle East Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.6.2 UAE Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.6.3 UAE Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.2.4 Africa Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.2.5 Africa Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Power Electronics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.6.4 Latin America Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.6.5 Latin America Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.6.6.2 Brazil Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.6.6.3 Brazil Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.6.7.2 Argentina Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.6.7.3 Argentina Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.6.8.2 Colombia Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.6.8.3 Colombia Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Power Electronics Market Estimates and Forecasts, by Material (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Power Electronics Market Estimates and Forecasts, by Device (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Power Electronics Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 STMicroelectronics
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Infineon Technologies AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Vishay Intertechnology, Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 ON Semiconductor
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Renesas Electronics Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Texas Instruments Incorporated
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 TOSHIBA CORPORATION
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Mitsubishi Electric Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Fuji Electric Co., Ltd.,
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 NXP Semiconductors
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Material
Silicon (Si)
Sapphire
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Others
By Device
Discrete
Module
IC
By Application
ICT
Consumer Electronics
Power
Industrial
Automotive
Aerospace & Defense
Others
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The AI-Powered Storage Market Size was valued at USD 23.05 billion in 2023 and is expected to reach USD 172.9 billion by 2032 and grow at a CAGR of 25.1% over the forecast period 2024-2032.
The Semiconductor Chemicals Market Size was valued at USD 12.8 Billion in 2023 and is expected to reach USD 35.63 Billion by 2032, growing at a CAGR of 12.05% during 2024-2032.
The Ambient Lighting Market size was valued at USD 66.47 billion in 2023. It is expected to reach USD 160.62 billion by 2032 and grow at a CAGR of 10.30% over the forecast period 2024-2032.
The KVM Switch Market Size was valued at USD 1.66 Billion in 2023 and is expected to reach USD 2.46 Billion by 2032 and grow at a CAGR of 4.55% over the forecast period 2024-2032.
Distributed Fiber Optic Sensor Market size was valued at USD 1.3 billion in 2022 and is expected to grow to USD 2.68 billion by 2030 and grow at a CAGR of 9.5% over the forecast period of 2023-2030.
The Virtual Sensors Market size was valued at USD 0.79 Billion in 2023 and is expected to grow to USD 7.1 Billion by 2031 and grow at a CAGR of 31.25 % over the forecast period of 2024-2031.
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