North America Power Electronics Market

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

The North America Power Electronics Market is estimated to grow in a significant way 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 pivotal technology to save energy and high functionalizing in the usage of energy. 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 growth of the target market in the North American region is attributed to the need for the improvement of power infrastructure and concerns related to the use of renewable power supplies are increasing globally. Also, growing investments on the advancements in renewable energy sources like solar & wind, which is further fuelling the growth of the North America Power Electronics Market.

Recent Developments

• Littelfuse, Inc., a global manufacturer of leading technologies in circuit protection, power control, and sensing, has announced the rise 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 North America Power Electronics Market

The growing trend regarding enhancing the existing power infrastructure and existing power supply resources getting utilized increasingly due to the increasing consumption of power in the developed regions is the primary driver of the North America Power Electronics Market.

Also, governments of various developed nations investing in renewable energy sources, such as solar & wind and working towards formulating better feed-in-tariff policies to provide photovoltaic projects with the convenience of grid connections are boosting the growth of the North America Power Electronics Market.

However, the high production cost of these products is a significant challenge that is restraining the growth of the power electronics market.

Market Segmentation of North America Power Electronics Market as per the research report:

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

• By Material: Silicon, 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: 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: US, Canada & Rest of North America. In the regional analysis of the North America Power Electronics Market, the US and Canada are the countries that are majorly contributing to the market's revenue. The growth of the power electronics market in these countries is attributing to the growing investments on the advancements in renewable energy sources like solar & wind and working towards formulating better feed-in-tariff policies for providing photovoltaic projects with the grid connections convenience.

The Key Players of the North America Power Electronics Market includes Infineon Technologies (Germany), Texas Instruments (US), On Semiconductor (US), STMicroelectronics (Switzerland), Mitsubishi Electric (Japan), Fuji Electric (Japan), 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).