Power Electronics Market, By Component, By Material, By End-use Industry, By Geography

Description

The global power electronics market is estimated to be valued at US$ 48.16 Bn in 2024 and is expected to reach US$ 71.13 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 48.16 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.70%	2031 Value Projection:	US$ 71.13 Bn

Figure. Power Electronics Market Share (%), By Region 2024

The global power electronics market has experienced significant growth in recent years owing to rapid industrialization and development of renewable energy industry across the world. Power electronics refers to the control and conversion of electric power which involves the application of solid-state electronics to regulate and condition electric energy. The rising demand for consumer electronics, electric vehicles, and energy-efficient systems from industries are fueling the growth of this market. Furthermore, government initiatives supporting the deployment of renewable energy projects along with power infrastructure development are augmenting the demand for power electronic components worldwide. Power semiconductors such as IGBT, MOSFET, diode, and thyristor are widely used in applications including power supplies, motor drives, UPS systems, and renewable energy conversion systems.

Market Dynamics:

The global power electronics market is driven by factors such as rapid urbanization, increasing demand for energy-efficient systems across industrial and commercial sectors, and significant investments in renewable energy projects globally. Rising adoption of electric vehicles and growing consumer electronics industry have also propelled the market growth. However, high manufacturing costs associated with power electronics components acts as a major restraint. On the other hand, the ongoing development of next-generation wide bandgap power semiconductor devices and emerging trends such as Internet of Things (IoT) present considerable opportunities for market expansion. The market is witnessing increasing demand for SiC and GaN power modules owing to their superior attributes including high voltage blocking, low on-resistance, and high switching frequency.

Key Features of the Study:

This report provides in-depth analysis of the global power electronics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global power electronics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ABB, Analog Devices, Inc., Efficient Power Conversion Corporation, Euclid Techlabs, Fuji Electric Co., Ltd., Infineon Technologies AG, Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Electric Corporation, Navitas Semiconductor, NXP Semiconductors, ON Semiconductor, Qorvo, Inc., Renesas Electronics Corporation, and ROHM CO., LTD.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global power electronics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power electronics market

Detailed Segmentation:

By Component
- Discrete
- Module
By Material
- Silicon/Germanium
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
By End-use Industry
- Automotive
- Consumer Electronics
- IT and Telecommunication
- Military and Aerospace
- Industrial
- Energy and Power
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- ABB
- Analog Devices, Inc.
- Efficient Power Conversion Corporation
- Euclid Techlabs
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Littelfuse, Inc.
- Microchip Technology Inc.
- Mitsubishi Electric Corporation
- Navitas Semiconductor
- NXP Semiconductors
- ON Semiconductor
- Qorvo, Inc.
- Renesas Electronics Corporation
- ROHM CO., LTD.

Product Code: CMI7142

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By Material
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Power Electronics Market, By Component, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Discrete
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Module
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Power Electronics Market, By Material, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Silicon/Germanium
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Silicon Carbide (SiC)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Gallium Nitride (GaN)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Power Electronics Market, By End-use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Consumer Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
IT and Telecommunication
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Military and Aerospace
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Energy and Power
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Power Electronics Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Material, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Material, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Material, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Material, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Material, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- ABB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Analog Devices, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Efficient Power Conversion Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Euclid Techlabs
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fuji Electric Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Infineon Technologies AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Littelfuse, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microchip Technology Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mitsubishi Electric Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Navitas Semiconductor
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NXP Semiconductors
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ON Semiconductor
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Qorvo, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Renesas Electronics Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ROHM CO., LTD.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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