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Power Electronics Market Escalates with a Lucrative Growth

Power electronic devices are integrated in electronic applications to enable power management and reduce power leakage. Moreover, they offer numerous benefits, such as high efficiency, low system complexity, and reduced system maintenance. Power module represents almost 48-50% of the total power electronics market, owing to its resilience and high efficiency. In addition, substantial demand for electric vehicles and trend of customer shift towards advanced power semiconductor to achieve better efficiency are expected to fuel its adoption in the energy & power, inverter & UPS, and other industry sectors

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Power Electronics Market Escalates with a Lucrative Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Power Electronics Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Introduction • Power Electronics Market is expected to garner $25 billion by 2022, registering a CAGR of 8.9% during the forecast period 2016-2022. • Increasing adoption of power electronics in electric vehicles and aggrandized need for power management devices have led to higher adoption of power electronics in energy & power, automotive, consumer electronics, and other industries.  • Power electronic devices are integrated in electronic applications to enable power management and reduce power leakage. • Asia-Pacific dominates the global market in terms of revenue, accounting for more than 50% share of the global market, followed by Europe.

  3. Key Factors of the Market • Rise in demand for higher efficiency, faster switching, and minimal power loss are some of the key driving factors of the market. •  IGBT device is the leading segment in the global power electronics market, and is expected to maintain this trend throughout the forecast period.  • Power electronic devices offer numerous benefits, such as high efficiency, low system complexity, and reduced system maintenance. • Substantial demand for electric vehicles trend of advanced power semiconductor to achieve better efficiency are expected to fuel its adoption in the energy & power, inverter & UPS, and other industry sectors.

  4. Get PDF Brochure of the market study @ https://www.alliedmarketresearch.com/request-sample/1785

  5. Key Benefits of the Market • In 2014, IGBT segment dominated the global power electronics market in terms of revenue, and is projected to grow at a CAGR of 10.5% during the forecast period. • Power IC segment is projected to grow at a CAGR of 10.4% during the analysis period. • Automotive segment is expected to exhibit the fastest growth during the forecast period, owing to increase in applications of power management devices in e-bikes and e-cars. • China is the major shareholder in the Asia-Pacific power electronics market, accounting for about 34% share.

  6. Market Segmentation

  7. Key Players of the Market • Infineon Technologies AG • Mitsubishi Electric Corp. • Toshiba Corporation • ABB Group • STMicroelectronics • Fuji Electric Co. Ltd. • Rockwell Automation, Inc. • Renesas Electronics Corporation • MicrosemiCorporation and • Texas Instruments • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1785

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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