The size of the global market for power electronics was USD 37.40 billion in 2021, and it is anticipated to grow in value at a CAGR of 4.1%. A major driver influencing market revenue growth is the growing need for environmentally friendly and sustainable solutions, particularly in light of growing worries about Carbon Dioxide (CO2) emissions and global warming. Additionally, end-use businesses are investing in dependable and secure power electronics as a result of their growing awareness of the advantages of energy-efficient infrastructure. In numerous regions, this has greatly boosted industry revenue growth. By integrating Insulated Gate Bipolar Transistor (IGBT) technology into inverters, Uninterruptible Power Systems (UPSs), and switching devices for static var compensators from thyristors or Gate Turn Off Thyristors (GTOs) to high power IGBTs, power electronics play a significant role in improving efficiency and performance. Additionally, low-loss and high-performance devices have been marketed.

The purpose of the Power Electronics is to provide intensive information about marketplace size, sales boom and marketplace dynamics to readers, stakeholders, organizations to reinforce their percentage withinside the worldwide Power Electronics marketplace. It additionally presents intensive data approximately key factors, restraints, limitations, demanding situations at the side of diverse marketplace segmentations consisting of product type, utility and local bifurcation.

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Competitive Terrain:

The global Power Electronics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Infineon Technologies AG, Onsemi, STMicroelectronics, Mitsubishi Electric Corporation, Vishay Intertechnology, Inc., Fuji Electric Co., Ltd., NXP Semiconductors, Renesas Electronics Corporation, Texas Instruments Incorporated, and Toshiba Corporation

Additional information offered by the report:

• Along with a complete overview of the global Power Electronics market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Power Electronics market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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Segments Covered in this report are:

• Device Type Outlook (Revenue, USD Billion; 2019-2030)

  • Power Discrete
  • Power Module
  • Power Integrated Circuit (IC)

• Material Outlook (Revenue, USD Billion; 2019-2030)

  • Silicon
  • Silicon Carbide
  • Gallium Nitride
  • Others

• Application Outlook (Revenue, USD Billion; 2019-2030)

  • Power Management
  • Drives
  • Rail Traction
  • Transportation
  • Renewables
  • Others

Radical Highlights of the Power Electronics Market Report:

• Comprehensive overview of the Power Electronics market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• Regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and R&D advancements on the Power Electronics market
• Information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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