Global Power Electronics Market Size By Device, By Material, By Vertical, Geographic Scope And Forecast
Power Electronics Market Size And Forecast
Power Electronics Market was valued at USD 83.46 Billion in 2018 and is projected to reach USD 140.79 Billion by 2026, growing at a CAGR of 6.72% from 2019 to 2026.
Global Power Electronics Market Overview
Power electronics are the solid-state circuitry devices that are required to manipulate and control manner. Power electronics enables power management in order to improve energy conservation. The rise in the trend of adoption of power electronics in electric vehicles has contributed to the growth of the global power electronics market. The advancement in power infrastructure and the shifted focus towards the use of renewable power sources along with increasing demand for energy-efficient battery-powered portable devices have been driving the global power electronics market. The increasing use of GaN ; SiC products in various fields and growing industrialization in developing countries are anticipated to offer lucrative opportunities for the companies operating in the power electronics market during the forecast period.
Global Power Electronics Market: Segmentation Analysis
The Global Power Electronics Market is segmented based on Device, Material, Vertical, and Geography.
Key Players In Power Electronics Market
The Global Power Electronics Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- NXP Semiconductors
- Renesas Electronics
- Texas Instruments
- Fuji Electric
- Infineon Technologies
- Vishay Intertechnology
- Mitsubishi Electric
- On Semiconductor
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