The power electronics market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Rising need to strengthen industrial production activities along with increasing focus towards developing enhanced consumer electronics and smart home appliances, has impelled the adoption of power electronics modules to a large extent.

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Several companies operating in power electronics market are focusing on new product launches to gain strong market presence in the industry. Quoting an instance, in 2020, Toshiba announced the launch of 1,200V silicon carbide MOSFET, which has important applications in DC-DC converters, AC-DC converters and photovoltaic inverters. In yet another instance, in 2020, Fuji Electric Co., Ltd. launched a new power semiconductor offering named X Series IGBT-IPM*1 featuring latest seventh generation X Series devices to reduce power losses significantly.

There has been a higher proclivity towards the installation of robotics and automation among manufacturing and process industries over the past few years. As per the World Robotics report of 2019, robot installation across the world accounted for 422,271 units with YoY growth of 6% as compared to the previous year.

This has increased the adoption of power electronics devices significantly over the past few years majorly due to the application of these devices such as MOSFETs, IGBTs, and power modules in the electrical parts like robot arms, motor drives, servo motors and controllers that are integrated in the industrial robots. Considering the increasing product adoption, industrial application segment had held a sizeable share of more than 25% in 2020 and will grow significantly over the coming years.

Rising installation of electric vehicle charging stations in prominent European countries such as the UK, Germany, France, Spain and Italy, is a major factor driving the growth of regional power electronics market. According to the UK Department for Transport statistics, there were 20,775 public EV charging devices across the country of these, 3,880 were rapid charging devices in 2021.

Such battery-powered systems as well as rapid EV charging stations find extensive usage of power electronics. Proliferation of these is fueling the product demand in the country. Reportedly, power electronics market in Europe had recorded a valuation of over USD 4 billion in 2020 and is estimated to witness an appreciable CAGR of 4.5% CAGR through 2027.

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Significant expansion of colocation and hyperscale datacenters in Latin America has positively influenced the growth of regional power electronics market. For instance, in 2020, leading technology company Microsoft announced establishing its first cloud data center in Mexico with an investment of USD 1.1 billion over the next five years. As power electronics products find extensive application in datacenter power systems like power distribution units (PDUs), datacenter UPS, power generators and cabling infrastructures, the regional industry is expected to record a substantial growth over the following years.

Major participants in the power electronics market comprise Fuji Electric Co. Ltd., STMicroelectronics N.V., TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Texas Instruments Incorporated, NXP Semiconductors, Infineon Technologies AG, and others.

Major Key Points from Table of Content:

Chapter 5   Power Electronics Market, By Product

5.1    Key trends, by product

5.2    Discrete

5.2.1    Market estimates and forecast, 2016 - 2027

5.2.2    Thyristors

5.2.2.1    Market estimates and forecast, 2016 - 2027

5.2.3    Rectifiers

5.2.3.1    Market estimates and forecast, 2016 - 2027

5.2.4    Insulated-Gate Bipolar Transistor (IGBT)

5.2.4.1    Market estimates and forecast, 2016 - 2027

5.2.5    Bipolar Junction Transistor (BJT)

5.2.5.1    Market estimates and forecast, 2016 - 2027

5.2.6    Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)

5.2.6.1    Market estimates and forecast, 2016 - 2027

5.3    Module

5.3.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Power Electronics Market, By Application

6.1    Key trends, by application

6.2    Automotive & transportation

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Consumer electronics

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    ICT

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Industrial

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Energy

6.6.1    Market estimates and forecast, 2016 - 2027

6.7    Others

6.7.1    Market estimates and forecast, 2016 - 2027

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