Power Electronics Market 2023 – Trend Analysis, Industry Growth, Key Players, Growth Opportunities And Outlook By 2032

The Power Electronics Global Market Report 2023, provides comprehensive information on the power electronics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Power Electronics Global Market Report 2023, the market size grew from $43.39 billion in 2022 to $47 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The power electronics market size is expected to grow to $59.5 billion in 2027 at a CAGR of 6.1%.

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Technological advancements are a key trend gaining popularity in the power electronics market. Technological advancement is a discovery of knowledge that advances technology. Major companies operating in the power electronics sector are focused on developing advanced technologies to meet consumer demand. For instance, in June 2021, STMicroelectronics, a Switzerland-based electronics and semiconductors manufacturer, launched STi2GaN, a smart power electronic in its ST Intelligent and Integrated Gallium Nitride (GaN) solutions family. The STi2GaN employs bond-wire-free packaging technology, a smart power technology that provides great reliability, durability, and performance. The STi2GaN takes advantage of Integrated Gallium Nitride (GaN) high power density to provide a variety of efficient devices to the automobile industry.

The power electronics market is segmented:

1) By Product: Discrete, Module

2) By Material: Silicon, Silicon Carbide, Gallium Nitride

3) By Voltage: Low Voltage, Medium Voltage, High Voltage

4) By Application: Power Management, UPS, Renewable, Other Applications

5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries

Top Major Players
ABB Ltd.
Fuji Electric Co. Ltd.
Infineon Technologies AG
Microsemi Corporation
Mitsubishi Electric Corporation

Asia-Pacific was the largest region in the power electronics market in 2022.

The table of contents in TBRC’s power electronics market report includes:
1. Executive Summary
2. Power Electronics Market Characteristics
3. Power Electronics Market Trends And Strategies
4. Power Electronics Market – Macro Economic Scenario
5. Power Electronics Market Size And Growth
……………….
26. Africa Power Electronics Market
27. Power Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power Electronics Market
29. Power Electronics Market Future Outlook and Potential Analysis
30. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Power Electronics Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Power Electronics Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Power Electronics Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…………………….
Table 48: ABB Ltd Financial Performance
Table 49: Fuji Electric Co. Ltd. Financial Performance
Table 50: Infineon Technologies AG Financial Performance
Table 51: Microsemi Corporation Financial Performance
Table 52: Mitsubishi Electric Corporation Financial Performance

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