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Power Electronics Market to Reach $25 Billion, Globally by 2022

Power Electronics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $25 billion by 2022, registering a CAGR of 8.9% during the period 2016-2022. Asia-Pacific dominates the global market in terms of revenue, accounting for more than 50% share of the global market, followed by Europe.

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Power Electronics Market Analysis, Segments, Growth and Value Chain 2015-2025

To control the flow of energy, the switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Such conversions are performed by semiconductor devices like diodes, transistors and thyristors etc. Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs etc. Moreover, power electronics find its applications in connection of renewable energy resources to power grids, transportation in electric trains, motor drives and lighting. The major use of power electronics devices is heat sinking as well as soft starting of an equipment deploying power electronic devices.

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Global power electronics - PowerPoint PPT Presentation

Power Electronics Market to Reach $25 Billion, Globally by 2022

Power Electronics Market Analysis, Segments, Growth and Value Chain 2015-2025