Power Electronics Market Regional Outlook, Analysis, Growth Forecast Analysis by Manufacturers, Type and Application to 2023
Recent Research and the Current Scenario as well as Future Market Potential of “Power Electronics Market in Global Industry: Market Development, Analysis and Overview 2019 “globally.
Industry Outlook and Trend Analysis
The Power Electronics market was worth USD 30.87 billion in 2014 and is expected to reach approximately USD 49.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.42% during the forecast period. The expanding demand for battery-powered and energy-efficient devices is probably going to drive the worldwide market over the figure time frame. Also, the inclination for upgrading power infrastructure, expanding focus regarding the usage of sustainable power sources, and developing pattern of vitality reaping advancements are the significant angles that are foreseen to support the business development over the assessed term. Power electronics is strong state circuitry device which are utilized to change and control electrical energy from the source to the load in a proper and successful way.
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The leading players in the market are Renesas Electronics, Texas Instruments, Maxim Integrated, Vishay Intertechnology, Infineon Technologies, ABB India, Fuji Electric, NXP Semiconductor N.V, STMicroelectronics, Mitsubishi Electric and Qualcomm. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Material Outlook and Trend Analysis
Silicon represented the biggest market estimate in 2016 and is anticipated to rule the market over the conjecture time frame. The appropriateness of silicon in various power electronic devices and equipment has driven the material to represent the biggest share. Nonetheless, the sapphire fragment is foreseen to develop at the most significant CAGR over the forecast period. The development of this fragment is inferable from the beneficial opportunities, for example, usage of sapphire in cell phone cover glasses, smart watches, optical wafers, and LED lights is picking up footing for the material.
Device Outlook and Trend Analysis
Discrete devices portion represented the biggest market measure in 2016 and is foreseen to rule the market over the forecast period. Discrete devices for the most part incorporate diverse kinds of transistors, thyristors, and diodes. This expansive share of the overall industry of the discrete devices is because of huge implementation of diodes, thyristors, and transistors in the electronic circuitry. Nonetheless, the headways in the power electronic division have prompted the improvement and reception of different power electronics in various applications.
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Market Segment by Regions, regional analysis covers:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- Middle East and Africa
Regional Outlook and Trend Analysis
The Asia Pacific locale represented the biggest share of 40% of the worldwide business in 2016. The locale is anticipated to witness an extensive development and would proceed with its domination over the forecast period. The huge share of the overall industry and regional development can be credited to the lucrative opportunities in automotive, electronics, industrial, and ICT applications in the Asia Pacific area. The regional rise as a promising manufacturing hub, especially for the consumer electronics and automotive divisions, has prompted a remarkable ascent in production practices over the area by various driving makers of the verticals.
Table of Contents:
Global Power Electronics Market Research Report 2019
Chapter 1: Industry Overview
Chapter 2: Global Power Electronics Market International and China Market Analysis
Chapter 3: Environment Analysis of Global Power Electronics Market
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Power Electronics Revenue Market Status
Chapter 7: Analysis of Power Electronics Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Global Power Electronics Market
Chapter 10: Development Trend of Power Electronics Industry 2019
Chapter 11: Industry Chain Suppliers of Power Electronics with Contact Information
Chapter 12: New Project Investment Feasibility Analysis of Power Electronics Market
Chapter 13: Conclusion of the Global Power Electronics Market Research Report
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