Power Electronics Market Analysis and Forecast to 2031: By Component (Discrete and Modules), Material (Silicon, Germanium, Silicon Carbide (SiC) and Gallium Nitride (GaN)), Application(Consumer Electronics, Automotive, IT and Telecommunication, and Others), and Region

Power electronics is the application of electronic devices and circuits to convert electrical energy from one form to another. These devices are used to control the flow of electrical energy in order to achieve specific objectives. The most common types of power electronic devices are power transistors, power diodes, and thyristors.

Key Trends

The key trends in Power Electronics technology are miniaturization, increased efficiency, and increased power density.

  • Miniaturization: As semiconductor technology continues to advance, power electronic components are becoming smaller and more compact. This trend is driven by the need for smaller and more portable devices, as well as the desire to increase the efficiency of power conversion.
  • Increased Efficiency: As power electronic devices become more efficient, they are able to convert more of the input energy into useful output power. This trend is driven by the need to reduce energy consumption and waste, as well as the desire to improve the efficiency of power conversion.
  • Increased Power Density: As power electronic devices become more compact, they are able to deliver more power per unit volume. This trend is driven by the need for smaller and more portable devices, as well as the desire to increase the power density of power conversion.
Key Drivers

The key drivers of Power Electronics market are the increasing demand for renewable energy sources, the increasing demand for electric vehicles, the increasing demand for smart grid technologies, and the increasing demand for energy-efficient devices.

The increasing demand for renewable energy sources is driven by the need to reduce greenhouse gas emissions. The increasing demand for electric vehicles is driven by the need to reduce dependence on fossil fuels. The increasing demand for smart grid technologies is driven by the need to improve the efficiency of the power grid. The increasing demand for energy-efficient devices is driven by the need to reduce energy consumption.

Restraints & Challenges

The key restraints and challenges in Power Electronics market are as follows:

  • The high cost of power electronic devices
  • The need for highly skilled personnel to operate and maintain power electronic equipment
  • The need for careful planning and design to integrate power electronic devices into existing electrical systems
  • The potential for electromagnetic interference from power electronic devices
Market Segmentation

The Power Electronic market is segmented by component, material, application and region. By component, the market is segmented by  discrete and modules. By material, the market is classified into silicon, germanium, silicon carbide (SiC) and gallium nitride (GaN). By application, the market is bifurcate into consumer electronics, automotive, IT & telecommunication and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The Key Players in the Power Electronic market are ABB, Ltd, Fuji Electric Co, LTD., Infineon Technologies AG, Microsemi Corporation, Mitsubishi Electric Corporation, Renesas Electric Corporation, Rockwell Automation, Inc., ST Micro electronics N.V., Texas Instruments Incorporated and Toshiba Corporation.

Why GIS?

 

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Power Electronics Market Outlook
3.1. Power Electronics Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Power Electronics Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Power Electronics Market
4.3. Economic Impact Analysis

Chapter 5. Power Electronics Market by Component
5.1. Market Overview
5.2. Discrete
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Modules
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Power Electronics Market by Application
6.1. Market Overview
6.2. Consumer Electronics
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Automotive
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. IT and Telecommunication
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Power Electronics Market by Material
7.1. Market Overview
7.2. Silicon
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Germanium
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Silicon Carbide (SiC)
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.5. Gallium Nitride (GaN)
7.5.1. Market Size and Forecast, 2021-2031 ($Million)
7.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 8. Power Electronics Market, by Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.3. North America Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.4. North America Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.2.5. North America Power Electronics Market Size and Forecast by Country, 2021-2031, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.6.2. The U.S. Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.6.3. The U.S. Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.2.7. Canada
8.2.7.1. Canada Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.7.2. Canada Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.7.3. Canada Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.2.8. Mexico
8.2.8.1. Mexico Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.2.8.2. Mexico Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.2.8.3. Mexico Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.3. Europe Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.4. Europe Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.3.5. Europe Power Electronics Market Size and Forecast by Country, 2021-2031, ($Million)
8.3.6. Germany
8.3.6.1. Germany Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.6.2. Germany Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.6.3. Germany Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.3.7. France
8.3.7.1. France Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.7.2. France Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.7.3. France Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.3.8. U.K.
8.3.8.1. U.K. Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.8.2. U.K. Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.8.3. U.K. Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.3.9. Spain
8.3.9.1. Spain Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.9.2. Spain Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.9.3. Spain Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.3.10. Italy
8.3.10.1. Italy Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.10.2. Italy Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.10.3. Italy Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.3.11. Rest of Europe
8.3.11.1. Rest of Europe Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.3.11.2. Rest of Europe Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.3.11.3. Rest of Europe Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Power Electronics Market Size and Forecast by Country, 2021-2031, ($Million)
8.4.3. Asia-Pacific Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.4. Asia-Pacific Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.5. Asia-Pacific Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.4.6. China
8.4.6.1. China Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.6.2. China Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.6.3. China Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.4.7. India
8.4.7.1. India Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.7.2. India Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.7.3. India Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.4.8. Japan
8.4.8.1. Japan Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.8.2. Japan Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.8.3. Japan Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.9.2. South Korea Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.9.3. South Korea Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.4.10. Rest of APAC
8.4.10.1. Rest of APAC Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.4.10.2. Rest of APAC Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.4.10.3. Rest of APAC Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of the World Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.3. Rest of the World Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.4. Rest of the World Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.5.5. Rest of the World Power Electronics Market Size and Forecast by Country, 2021-2031, ($Million)
8.5.6. Latin America
8.5.6.1. Latin America Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.6.2. Latin America Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.6.3. Latin America Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.5.7. Middle East
8.5.7.1. Middle East Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.7.2. Middle East Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.7.3. Middle East Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

8.5.8. Africa
8.5.8.1. Africa Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.8.2. Africa Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.8.3. Africa Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)
8.5.9. Rest of LAMEA
8.5.9.1. Rest of LAMEA Power Electronics Market Size and Forecast by Component, 2021-2031, ($Million)
8.5.9.2. Rest of LAMEA Power Electronics Market Size and Forecast by Application, 2021-2031, ($Million)
8.5.9.3. Rest of LAMEA Power Electronics Market Size and Forecast by Material, 2021-2031, ($Million)

Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Application Development
9.3.2. Application Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, and Collaborations
9.3.5. Mergers and Acquisitions

Chapter 10. Company Profiles
10.1. ABB, Ltd
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. Fuji Electric Co, LTD.
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. Infineon Technologies AG
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. Microsemi Corporation
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Mitsubishi Electric Corporation
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Renesas Electric Corporation
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. Rockwell Automation, Inc.
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. ST Micro electronics N.V.
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Texas Instruments Incorporated
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. Toshiba Corporation
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

 

Key Market Players
  • ABB, Ltd.
  • Fuji Electric Co, LTD.
  • Infineon Technologies AG
  • Microsemi Corporation
  • Mitsubhishi Electric Corporation
  • Renesas Electric Corporation
  • Rockwell Automation, Inc.
  • ST Micro electronics N.V.
  • Texas Instruments Incorporated
  • Toshiba Corporation
Market Segmentation

By Component:

  • Discrete
  • Modules

By Material:

  • Silicon
  • Germanium
  • Silicon Carbide (SiC)
  • Gallium Nitride (GaN)

By Application:

  • Consumer Electronics
  • Automotive
  • IT & Telecommunication
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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