Pulished Date November, 2019
ID: 8924
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Power Electronics Market Segmented by End-Use Industry (Automotive, Aerospace and Defence, Information Technology, Consumer Electronics, Energy and Power), by Type (Power Module, Power Discrete, Power IC), by Material Type (Sapphire, Allium Nitride, Silicon, Silicon Carbide) Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size Report 2019-2024

Pulished: November, 2019
ID: 8924
Pages: 145

Power Electronics Market Growth Value Analysis:

Power Electronics market is estimated at USD 37.88 Billion in 2018 and is expected to expand at a CAGR of 6.1% to USD 48.96 Billion by 2024.

Power electronics is the application of solid-state electronics to the control and transfer of electrical power. Mercury-arc valves were the first high-power electronic devices. For modern systems, the conversion takes place with semiconductor switching devices such as diodes, thyristors and power transistors such as MOSFET and IGBT. In comparison to the electronic systems dealing with the transmission and storage of signals and data, a significant amount of electrical energy is used in power electronics. 

The AC/DC converter is the most common power electronic device used in many consumer electronic products, e.g. television sets, personal computers, battery chargers, etc. Usually, the power spectrum is from tens of watts to several hundred watts. The growing application in industry is the variable speed drive (VSD) that is used to power the induction motor. The power spectrum of VSDs begins from a few hundred watts and finishes at tens of megawatts.

Trends of Power Electronics Market:

The number of applications for power electronic devices is growing in various sectors, especially in the automotive industry. The market for power electronic devices in the automotive industry is driven by the production of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Also, the increase in the number of infotainment applications in automobiles is generating a higher power density demand for these phones.

These devices are also used in the defence sector, where they provide the military with a reliable source of energy to assist with their weapons and communication needs. Healthcare, consumer electronics and telecommunications are other industries where the use of these tools is growing.

Drivers and Restraints of Power Electronics Market:

Drivers:

  • The increasing developments in Power Electronics technology have enabled their extensive adoption across energy & power, automotive, consumer electronics and other sectors.
  • The switch to renewable energy sources is likely to boost industry sales significantly. The use of inverters in solar systems to store large amounts of energy has made electric power valuable. Changes in distribution systems coupled with bankable Chinese products have expanded their range for commercial, residential and utility projects, propelling the power electronics market. 

Restraints:

  • Current high-temperature leakage and high network installation costs impede the growth of Power Electronics Market.
  • The saturated market with constant innovations from crucial players can also be considered as a small restraint to the new entrants to the Power Electronics market. 

Market Segmentation:

By Type:

Based on the Type, Power Electronics market is segmented into, Power Module, Power Discrete, Power IC. Of these, in terms of market share, the power module segment dominated the global market and is expected to maintain this trend across the whole forecast period. Nevertheless, the power IC segment is expected to see rapid growth. Nowadays, the requirement for portable devices is increasing with the evolution of digitalization, Internet of Things (IoT), smart city, and cloud computing. The increasing demand for portable devices, which are energy-efficient and powered by batteries, is driving the growth of the market for power management ICs.

By End-Use: 

Based on the End-Use, Power Electronics market is segmented into Automotive, Aerospace and Defence, Information Technology, Consumer Electronics, Energy and Power. Of these, the automotive segment provides lucrative opportunities for industry players and is expected to show higher growth compared to the other sections. The increased adoption of electric vehicles as a result of increased environmental concerns is the primary driver of this segment. 

By Material:

Based on material, the Power Electronics market is segmented into gallium nitride, silicon carbide, silicon, sapphire and others. The silicon segment is expected to be the dominant product used in the market for power electronics up to 2023. This can be due to its compatibility with different substrates and its wide range of applications in consumer electronic products.

Power Electronics Region wise analysis:

Based in region, Power Electronics can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, Asia Pacific grabs the largest share for global power electronics market, followed by North America and Europe. Breakdowns in energy harvesting techniques coupled with the establishment of hubs in China, India and Japan are likely to boost regional market revenues. The introduction of automation to increase production, combined with increasing demand for electric and hybrid vehicles, could bode well for the market.

North America is expected to be a lucrative investment market through the implementation of renewable energy sources. Government-initiated measures to enable customers to switch from mechanical to electrical power sources could bode well for the industry. In addition, the success of electric vehicles, thanks to ergonomic designs and power comparable to existing cars, can further expand the demand. It is expected that the new generation of MOSFET transistors with high voltage capability and improved performance would encourage the development of the market for power electronics.

Key Players of Market:

Some of the key players of the Global Power Electronics market include Infineon Technologies, Texas Instruments, Hitachi, Fuji Electric, Toshiba, STMicroelectronics, Mitsubishi Electric, On Semiconductor, SEMIKRON, Renesas Electronics, NXP Semiconductors, Vishay Intertechnology, Maxim Integrated Products, ABB.

Global Power Electronics Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentations of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By End-Use                 

                                5.1.1 Introduction           

                                5.1.2 Automotive            

                                5.1.3 Aerospace and Defence    

                                5.1.4 IT 

                                5.1.5 Consumer Electronics         

                                5.1.6 Energy and Power

                                5.1.7 Y-o-Y Growth Analysis        

                                5.1.8 Market Attractiveness Analysis      

                                5.1.9 Market Share Analysis       

                5.2 By Type                        

                                5.2.1 Introduction           

                                5.2.2 Power Module      

                                5.2.3 Power Discrete     

                                5.2.4 Power IC  

                                5.2.5 Y-o-Y Growth Analysis        

                                5.2.6 Market Attractiveness Analysis      

                                5.2.7 Market Share Analysis       

                5.3 By Material Type                      

                                5.3.1 Sapphire  

                                5.3.2 Gallium Nitrade     

                                5.3.3 Silicon        

                                5.3.4 Silicon Carbide       

                                5.3.5 Y-o-Y Growth Analysis        

                                5.3.6 Market Attractiveness Analysis      

                                5.3.7 Market Share Analysis       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By End-Use

                                                6.1.3.3 By Material Type

                                                6.1.3.4 Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By End-Use

                                                6.1.4.3 By Material Type

                                                6.1.4.4 Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By End-Use

                                                6.1.5.3 By Material Type

                                                6.1.5.4 Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leader Analysis                                           

                8.1 Infineon Technologies                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Texas Intruments                    

                8.3 Hitachi                          

                8.4 Fuji Electric                 

                8.5 Toshibha                      

                8.6 STMicroelectronics                  

                8.7 Mitsubishi Electric                    

                8.8 On Semiconductor                  

                8.9 SEMIKKRON                               

                8.10 ABB                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Classification and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Power Electronics Market By Region, From 2019-2024 ( USD Billion )
  2. Global Power Electronics Market By End-User, From 2019-2024 ( USD Billion )
  3. Global Automotive Market By Region, From 2019-2024 ( USD Billion )
  4. Global Aerospace and Defense Market By Region, From 2019-2024 ( USD Billion )
  5. Global Information Technology Market By Region, From 2019-2024 ( USD Billion )
  6. Global Consumer Electronics Market By Region, From 2019-2024 ( USD Billion )
  7. Global Energy and Power Market By Region, From 2019-2024 ( USD Billion )
  8. Global Power Electronics Market By Type, From 2019-2024 ( USD Billion )
  9. Global Power Module Market By Region, From 2019-2024 ( USD Billion )
  10. Global Power Discrete Market By Region, From 2019-2024 ( USD Billion )
  11. Global Power IC Market By Region, From 2019-2024 ( USD Billion )
  12. Global Power Electronics Market By Material Type, From 2019-2024 ( USD Billion )
  13. Global Sapphire Market By Region, From 2019-2024 ( USD Billion )
  14. Global Aluminium Nitride Market By Region, From 2019-2024 ( USD Billion )
  15. Global Silicon Market By Region, From 2019-2024 ( USD Billion )
  16. Global Silicon Carbide Market By Region, From 2019-2024 ( USD Billion )

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