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Europe Power Electronics Market - Industry Analysis on Size, Share, Trends, Growth & Forecast Report | 2022 to 2027

Published: March, 2023
ID: 9411
Pages: 110
Formats: report pdf report excel report power bi report ppt

Europe Power Electronics Market Analysis Report (2021 - 2026)

The Size and shape of the Europe Power Electronics Market are apprehended to grow in a remarkable way during the forecasted period of 2022 - 2027.

Power electronics is an application of solid-state electronics for the controlling and conversion of electric power. This is a pivotal technology to save energy and high functionalizing in the usage of electricity. These power electronics applications have a high voltage tendency and decrease current to reduce the loss of conduction. Mercury-arc valves are the first high power electronic devices. The primary component for the high voltage power electronics is the power semiconductor device for switching operations.

The European Commission has committed a commitment to achieve 20% and 27% of the overall energy consumption with the help of renewable sources by 2020 and 2030, respectively. The growth of the power electronics business in the European region is attributed to the initiative taken by European countries to increase the production of renewable energy.

Recent Developments

  • STMicroelectronics, the world's leading semiconductor supplier spanning multiple electronic applications, has introduced an ultra-low-power microcontroller (MCUs), STM32L5 x2 series, featuring security as a high priority to provide better protection for IoT connected applications. 

  • Infineon Technologies AG, a German semiconductor manufacturer, has announced that they have received all necessary regulatory approvals for acquiring Cypress Semiconductor Corporation, where the transaction is about to end within five business days. 

Drivers, Challenges & Opportunities of Europe Power Electronics Market

The qualities of these power electronic devices like ensuring the power getting delivered effectively to offer high security, reliability, and flexibility to the power system which is has a crucial role in converting existing electrical grids into next-generation networks is the primary driver for the growth of the Europe Power Electronics Market. And the growing concerns regarding the environmental and grid capacity issues are further bolstering the demand for renewable energy sources, thus boosting the power electronics market growth in this area.

However, the current leakage at high temperature and high infrastructure deployment cost is the hindering factor for the growth of the target market in Europe.

But, the proactive government initiatives to establish high voltage direct current (HVDC) and smart grid utilizing power devices for power conversation are estimated to create lucrative opportunities for local market growth.

Market Segmentation of Europe Power Electronics Market until 2025.

  • By Device Type: Power Discrete, Power Modules, and Power ICs.

  • By Type Material: Silicon, Silicon Carbide, Gallium Nitride, Sapphire, and Others.

  • By Voltage Outlook: Low Voltage (up to 1 kV), Medium Voltage (1.1 to 2.0 kV), and High Voltage (above 2.0 kV).

  • By Component: Robot Controller Unit, Robotic Arm, End Effector, Drive, Sensors, Power Supply, Motors, and Others.

  • By Application: Power Management, Drives, UPS, Rail Traction, Transportation, Renewable, and Others. The power management segment has further divided into Power Generation & Storage and Sensing & Measurement.

  • By Vertical: ICT, Consumer Electronics, Energy & Power, Industrial, Automotive, Aerospace & Defense, and Others.

  • By Region: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe. In the regional analysis of the Europe Power Electronics Market, Germany, UK, and France are the major contributors to the market's revenue. The growth of the power electronics market in these countries is due to the presence of the most excellent electricity grid systems and the significant engineering developments of these power electronics technologies.

The Key Players of the Europe Power Electronics Market include Infineon Technologies (Germany), Texas Instruments (US), Mitsubishi Electric (Japan), Fuji Electric (Japan), On Semiconductor (US), STMicroelectronics (Switzerland), Renesas Electronics (Japan), Toshiba (Japan), NXP Semiconductors (The Netherland), Vishay Intertechnology (US), Maxim Integrated Products (US), SEMIKRON (Germany), ABB (Switzerland), Hitachi (Japan), Analog Devices (US), ROHM Semiconductor (Japan), Microsemi (US), Littelfuse (US), Microchip Technology (US), and Danfoss (Denmark).

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