Latin America Power Electronics Market

Latin America Power Electronics Market Analysis Report (2021 - 2026)

The Latin America Power Electronics Market is anticipated to grow considerably during the forecast period of 2021 - 2026.

Power electronics is an application of solid-state electronics for the controlling and conversion of electric power. This is a crucial technology to save energy and high functionalizing in the use of energy. These power electronics applications have a high voltage tendency and decrease current to reduce the loss of conduction. The major component for the high voltage power electronics is the power semiconductor device for switching operations.

The growth of the Latin American power electronics market in this region is due to the urge for the enhancement in the power infrastructure and the growing focus on the usage of renewable energy sources. Also, growing vogue in technologies of energy harvesting is a catapult of the Latin America Power Electronics Market growth.

Recent Developments

• Littelfuse, Inc., a leading technologies manufacturer in the globe in circuit protection, power control, and sensing, announced the extension of its DCN Series of high voltage direct current (DC) contactors which enables the design engineers to incorporate high voltage relay switching into a range of high current and high voltage applications. 

• TE Connectivity has announced that they are going to integrated with Analog Devices (ADI) MeasureWare, a plug-and-play suite of hardware measurement kits and software studio tools that are designed to help fulfill the growing need for precision measurement. 

Drivers and Restraints of Latin America Power Electronics Market

These power electronics are solid-state circuitry devices that are used to modify and control electrical energy from the source to the load in an effective way which is a great advantage that is boosting the adoption of these technologies.

Moreover, the capabilities of power electronics such as regulating the flow of energy in both unidirectional and bidirectional means, based on the application and usage and their extensive usage of them in renewable energy and electric vehicles to improve the switching ability while avoiding power losses are the advantages that are fuelling the growth of the Latin America Power Electronics Market during the forecast period.

Market Segmentation of Latin America Power Electronics Market

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

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

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

• By Component: the Latin America power electronics market is segmented as Robot Controller Unit, Robotic Arm, End Effector, Drive, Sensors, Power Supply, Motors, and Others.

• By Application: the Latin America power electronics market is segmented into 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: Brazil, Mexico, Argentina, Chile & Rest of LATAM. In the regional analysis of the Latin America Power Electronics Market, Mexico and Brazil are the countries that are majorly contributing to the market's revenue. The growth of this regional market in these countries is attributed to the rising adoption of power electronics in the electric vehicles and aggrandized need for power management devices which are boosting the adoption of energy & power, automotive, consumer electronics, and other industries.

The Key Players of the Latin America Power Electronics Market includes 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).