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Power Electronics Market
Power Electronics Market Size, Share, Forecast, & Trends Analysis by Type (Power ICs, Modules, Transistors, Thyristors, Regulators, Others), Application (Generation, Transmission, Distribution, Control), End-use Industry (Automotive, Consumer Electronics, Others), Geography - Global Forecast to 2031
Report ID:MRSE - 1041169 Pages: 250 May-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 72 HoursPower Electronics Market Size & Forecast
The Power Electronics Market is expected to reach $59.7 billion by 2031, at a CAGR of 4.9% from 2024 to 2031. The growth in this market is driven by factors such as increasing demand for power electronic devices in the consumer electronics industry, increasing investment in renewable energy technology, rising use of power electronics in LED lighting, and rising use of power electronics devices in automotive applications. In addition, the increasing use of power electronic devices in electric vehicles and the growing need for power electronic devices in aerospace & defense is expected to provide opportunities for market growth. However, complex design and integration processes can restrain the growth of the market. Also, heat dissipation from devices during switching poses challenges the market growth.
Power Electronics Market Growth Drivers
Increasing Investment in Renewable Energy Technology
Renewable sources of energy play a critical role in clean energy transitions. According to the International Energy Agency (IEA) (France), renewable capacity will meet 35% of global power generation by 2025. As countries across the globe are focusing on energy transition to reduce carbon emissions, investment in renewable energy is expected to increase rapidly.
For instance, in May 2023, the Ministry of Economy of Malaysia announced a new renewable energy target, aiming to reach 70% of renewables in the power mix by 2050. Malaysia estimated an investment of MYR 637 billion (USD 143 billion) to carry out the objective. The ministry also allocated MYR 50 million (USD 11.2 million) to install rooftop solar systems for government facilities across the country over the next six months. Similarly, in February 2023, the Indian government pledged to invest $4.3 billion in green technology to clean up the country’s economy.
Power electronics play a vital role in renewable energy systems by enabling the conversion, control, and management of electrical power. Devices such as inverters and converters transform the electricity generated by renewable sources into a form that can be efficiently used or stored.
Power electronics bridge this gap by converting the DC electricity into AC, making it compatible with our existing infrastructure. They ensure a constant frequency, voltage, and quality of power, improving the reliability and stability of the entire energy system. In addition, power electronics enable the seamless integration of multiple renewable energy sources, such as solar and wind, by synchronizing their outputs and optimizing their performance. Thus, rising investment in renewable energy is expected to drive the power electronics market growth in the forecast period.
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Growing Demand for Power Electronics in the Consumer Electronics Industry
Power electronics play a crucial role in the operation of various consumer electronics, such as computers, mobile devices, and home appliances. They are responsible for regulating voltage and current levels, ensuring that these devices function safely and efficiently.
Power electronic converters in consumer electronics have several functions. They are used to convert electrical power from one form to another, such as DC-DC converters, AC-DC converters, DC-AC converters, and AC-AC converters. These converters are essential for power processing applications in consumer electronics devices (CED). They work as a system with a power stage and a controller, where the power stage processes power at a higher voltage/current, and the controller ensures that the converter system behaves like a voltage or current source.
Therefore, the rising need for power electronics in the consumer electronics industry to provide reliable, safe, and high-performance power to electronic components and systems is expected to drive the market's growth.
Rising Use of Power Electronics in LED Lighting
Lighting is one of the prominent areas of power electronics application. LED lighting is a type of solid-state lighting that uses light-emitting diodes (LEDs) to produce light. LEDs have many advantages over conventional lighting sources, such as incandescent and fluorescent lamps, such as lower energy consumption, longer lifespan, higher brightness, and better color quality. However, LED lighting also faces some challenges, such as the sensitivity to temperature, the variation in color and intensity, the flickering and dimming issues, and the compatibility with existing power infrastructure.
Power electronics can offer many advantages for LED lighting efficiency, such as reducing energy consumption and cost, increasing lifespan and reliability, improving performance and quality, and enhancing functionality and versatility. This is accomplished by matching the power supply to LED characteristics, protecting LEDs from thermal and electrical stress, enabling smooth and precise dimming, flicker-free operation, color tuning, wireless communication, remote control, and smart integration with other systems.
Power Electronics Market Growth Opportunity
Rising Use of Power Electronics in Electric Vehicles
As we pivot towards a more sustainable energy landscape, electric vehicles (EVs) have emerged as a cornerstone of modern transportation. The role of power electronics in this revolution is paramount. With its ability to efficiently control and convert electricity, power electronics provide the essential technological infrastructure that facilitates the widespread adoption and operation of EVs.
The individual components of electric vehicle power electronics, including inverters/converters, sensors, and control systems, are responsible for critical functions like the flow of power between the battery and the electric motor, conversion from DC to AC, and the regulation of the speed of the electric motor. Power electronics are particularly important in hybrid electric vehicles that switch between the use of the electric motor and the combustion engine during transit. They are also crucial in managing kinetic energy retention systems and other technologies that improve electric vehicle efficiency.
Furthermore, the rising focus of market players to launch power electronics devices for EVs is expected to drive the market growth. For instance, in April 2023, Infineon Technologies AG (Germany) launched HybridPACK™ Drive G2, a new automotive power module for traction inverters in electric vehicles. In another instance, in December 2022, STMicroelectronics NV (Switzerland) released high-power modules for electric vehicles that boost performance and driving range. Thus, all such factors are expected to increase the adoption of power electronics for electric vehicle applications.
Power Electronics Market Analysis: Key Findings
By Product Type: In 2024, the Power ICs Segment to Dominate the Power Electronics Market
Based on product type, the power electronics market is broadly segmented into power diodes, power transistors, thyristors, power electronic circuits, power ICs, power switches, power regulators, power modules, power drivers, and other power electronic product types. In 2024, the power ICs segment is expected to account for the largest share of 25.0% of the global power electronics market. The large share of the segment is attributed to the rising power demand from IoTs, wearables, consumer, automotive, and industrial applications, the rising need to simplify power management in complex embedded systems, the increasing need to optimize power consumption and extend battery life and rising focus of market players on innovative product offerings. For instance, in June 2023, Nordic Semiconductor (Norway) launched its nPM1300™ Power Management IC (PMIC) for battery-operated applications.
However, the power modules segment is expected to register the highest CAGR during the forecast period. The segment’s growth is driven by the rising need to handle the switching of currents and voltages, enabling efficient power conversion and control, and the increasing use of power modules in electric cars and other electric motor controllers, appliances, power supplies, electroplating machinery, medical equipment, battery chargers, AC to DC inverters and converters, power switches, and welding equipment.
By Application: In 2024, the Power Control Segment to Dominate the Power Electronics Market
Based on application, the power electronics market is segmented into power generation, power transmission, power distribution, and power control. In 2024, the power control segment is expected to account for the largest share of 40.0% of the global power electronics market. The large share of the segment is attributed to the rising use of power electronics devices to regulate current flow through various components, ensuring stability and optimal performance.
Moreover, the power control segment is expected to register the highest CAGR during the forecast period. The rising focus of market players to launch innovative power control devices is expected to drive the segment’s growth. For instance, in November 2022, Magnachip Semiconductor Corporation (South Korea) launched its first Power Management Integrated Circuit (PMIC) for IT devices equipped with OLED screens. IT can control functions such as output voltage control, ON/OFF block, output voltage sequence management, protection circuit fault flag, and switching frequency transition.
By End-use Industry: In 2024, the Consumer Electronics and Home Appliances Segment to Dominate the Power Electronics Market
Based on end-use industry, the power electronics market is segmented into consumer electronics and home appliances, automotive, IT & telecommunication, heavy machinery, aerospace & defense, energy & utility, healthcare, and other end-use industries. In 2024, the consumer electronics and home appliances segment is expected to account for the largest share of 28.0% of the global power electronics market. The large share of the segment is attributed to the rising need for power electronics devices in various consumer electronics, such as computers, mobile devices, and home appliances, for regulating voltage and current levels, ensuring that these devices function safely and efficiently.
However, the automotive segment is expected to register the highest CAGR during the forecast period. The segment’s growth is driven by the rapidly expanding automotive market, the rising adoption of power electronics to control and convert electric power for various automotive applications, such as body electronics, infotainment and telematics, safety and security, chassis, and powertrains in electric vehicles (EVs). The rising focus on carbon emission reduction, the growth of electric vehicles, and the rising focus of automotive manufacturers to integrate power electronics in the vehicle also contribute to the segment’s growth.
In June 2021, Renault Group (France) partnered with STMicroelectronics NV (Switzerland) to design, develop, manufacture, and supply STMicroelectronics’ products and related packaging solutions for the power electronics systems of battery-operated and hybrid vehicles of the Renault Group.
Geographical Analysis
In 2024, Asia-Pacific is expected to account for the largest share of 45.0% of the power electronics market. The large share of the region is attributed to the rising demand for energy-efficient hybrid electric vehicles, the rising adoption of consumer electronics devices, and the presence of well-established power electronics companies such as Renesas Electronics Corporation (Japan), Mitsubishi Electric Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan), TDK Corporation (Japan) and Toshiba Corporation (Japan).
Moreover, Asia-Pacific is expected to register the highest CAGR of 6.0% during the forecast period. The market’s growth is driven by rising government initiatives and investments in renewable power generation and the growing focus of market players on innovative product offerings. For instance, in January 2023, Renesas Electronics Corporation (Japan) launched a new gate driver IC designed to drive high-voltage power devices such as IGBTs (Insulated Gate Bipolar Transistors) and SiC (Silicon Carbide) MOSFETs for electric vehicle (EV) inverters.
Power Electronics Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the power electronics market are ON Semiconductor Corporation (U.S.), ABB Ltd. (Switzerland), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), ROHM Co. Ltd (Japan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology Inc. (U.S.), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Analog Device Inc. (U.S.), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan) and NXP Semiconductors N.V. (Netherlands).
Power Electronics Industry Overview: Latest Developments from Key Industry Players
- In April 2024, Fuji Electric Co., Ltd. (Japan) launched the HPnC Series, a new series of large-capacity industrial IGBT* modules for applications, including power converters for solar and wind power generation systems.
- In February 2024, Vishay Intertechnology, Inc. (U.S.) unveiled a line of five new half-bridge IGBT power modules housed in the newly redesigned INT-A-PAK package
- In February 2024, Infineon Technologies AG (Germany) launched high-density power modules to enable benchmark performance and TCO for AI data centers.
- In September 2022, ON Semiconductor Corporation (U.S.) launched an automotive silicon carbide-based power module trio for on-board chargers.
- In May 2022, Hitachi Energy Ltd. (Switzerland) announced the launch of RoadPak, its pioneering power semiconductor module for electric vehicles, at PCIM Europe, the world’s leading power electronics trade fair in Nuremberg, Germany
- In November 2021, Fuji Electric Co., Ltd. (Japan) launched its 2nd-generation discrete SiC-SBD* Series of power semiconductors, which will contribute to energy saving in data centers and communication base stations.
Power Electronics Market Research Summary:
|
Particulars |
Details |
|
Number of Pages |
250 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR |
4.9% |
|
Market Size (Value) |
Above USD 59.7 Billion by 2031 |
|
Segments Covered |
By Product Type
By Application
By End-use Industry
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (UAE, Israel, Rest of Middle East & Africa) |
|
Key Companies |
ON Semiconductor Corporation (U.S.), ABB Ltd. (Switzerland), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), ROHM Co. Ltd (Japan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology Inc. (U.S.), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Analog Device Inc. (U.S.), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan) and NXP Semiconductors N.V. (Netherlands). |
Key questions answered in the power electronics market report:
The power electronics market study focuses on market assessment and opportunity analysis through the sales of power electronics across different regions and countries across different market segmentations. This study is also focused on competitive analysis for power electronics based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.
The global power electronics market is projected to reach above $59.7 billion by 2031, at a CAGR of 4.9% during the forecast period.
Based on product type, the power ICs segment is expected to account for the largest share of the global power electronics market.
Based on application, the power control segment is expected to account for the largest share of the global power electronics market.
Based on the end-use industry, the consumer electronics and home appliances segment is expected to account for the largest share of the global power electronics market.
The market’s growth is driven by factors such as increasing demand for power electronic devices in the consumer electronics industry, increasing investment in renewable energy technology, rising use of power electronics in LED lighting, and rising use of power electronics devices in automotive applications. In addition, the increasing use of power electronic devices in electric vehicles growing need for power electronic devices in aerospace & defense are expected to provide opportunities for market growth.
The key players operating in the power electronics market are ON Semiconductor Corporation (U.S.), ABB Ltd. (Switzerland), Infineon Technologies AG (Germany), Texas Instruments Incorporated (U.S.), ROHM Co. Ltd (Japan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology Inc. (U.S.), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Analog Device Inc. (U.S.), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Fuji Electric Co., Ltd. (Japan) and NXP Semiconductors N.V. (Netherlands).
Asia-Pacific is projected to register the highest growth rate over the coming years.
1. Introduction
1.1. Market Definition
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumption for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Product Type
3.3. Market Analysis, by Application
3.4. Market Analysis, by End-use Industry
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Demand for Power Electronic Devices in the Consumer Electronics Industry
4.2.1.2. Increasing Investment in Renewable Energy Technology
4.2.1.3. Rising Use of Power Electronics in LED Lighting
4.2.1.4. Rising Use of Power Electronics Devices in Automotive Applications
4.2.2. Restraints
4.2.2.1. Complex Design and Integration Process
4.2.3. Opportunities
4.2.3.1. Increasing Use of Power Electronics Devices in Electric Vehicles
4.2.3.2. Growing Need for Power Electronic Devices in Aerospace & Defense
4.2.4. Challenges
4.2.4.1. Heat Dissipation from Devices During Switching
4.3. Trends
4.4. Vendor Selection Criteria/Factors Affecting Buying Decision
4.5. Porter's Five Forces Analysis
4.6. Supply Chain Analysis
5. Power Electronics Market Assessment, by Product Type
5.1. Overview
5.2. Power Diodes
5.3. Power Transistors
5.3.1. IGBT
5.3.2. Power MOSFET
5.3.3. Bipolar Transistors
5.4. Thyristors
5.5. Power Electronic Circuits
5.5.1. AC to DC Converters (Rectifiers)
5.5.2. DC to DC Converters (Choppers)
5.5.3. AC to AC Converters (Cycloconverters)
5.5.4. DC to AC Converters (Inverters)
5.6. Power ICs
5.6.1. Power Management ICs
5.6.2. Application Specific ICs
5.7. Power Switches
5.8. Power Regulators
5.9. Power Modules
5.10. Power Drivers
5.11. Other Power Electronic Product Types
6. Power Electronics Market Assessment, by Application
6.1. Overview
6.2. Power Generation
6.3. Power Transmission
6.4. Power Distribution
6.5. Power Control
7. Power Electronics Market Assessment, by End-use Industry
7.1. Overview
7.2. Consumer Electronics and Home Appliances
7.3. Automotive
7.4. IT & Telecommunication
7.5. Heavy Machinery
7.6. Aerospace & Defense
7.7. Energy & Utility
7.8. Healthcare
7.9. Other End-use Industries
8. Power Electronics Market Assessment, by Geography
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.2. Europe
8.2.1. Germany
8.2.2. U.K.
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Switzerland
8.2.7. Netherlands
8.2.8. Rest of Europe
8.3. Asia-Pacific
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. South Korea
8.3.5. Singapore
8.3.6. Malaysia
8.3.7. Rest of Asia-Pacific
8.4. Latin America
8.4.1. Mexico
8.4.2. Brazil
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. UAE
8.5.2. Israel
8.5.3. Rest of Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share/Ranking by the Key Players
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. ON Semiconductor Corporation
10.2. ABB Ltd.
10.3. Infineon Technologies AG
10.4. Texas Instruments Incorporated
10.5. ROHM Co. Ltd
10.6. STMicroelectronics NV
10.7. Renesas Electronics Corporation
10.8. Vishay Intertechnology Inc.
10.9. Toshiba Corporation
10.10. Mitsubishi Electric Corporation
10.11. Analog Device Inc.
10.12. TDK Corporation
10.13. Murata Manufacturing Co., Ltd.
10.14. Fuji Electric Co., Ltd.
10.15. NXP Semiconductors N.V.
(Note: SWOT analysis of the top 5 companies will be provided.)
11. Appendix
11.1. Available Customizations
11.2. Related Reports
List of Tables
Table 1 Currency Conversion Rates (2021–2024)
Table 2 Global Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 3 Global Power Diodes Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Power Transistors Market, by Country/Region, 2022–2031 (USD Million
Table 5 Global IGBT Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Power MOSFET Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Bipolar Transistors Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Thyristors Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Power Electronic Circuits Market, by Country/Region, 2022–2031 (USD Million)
Table 10 Global AC to DC Converters (Rectifiers) Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global DC to DC Converters (Choppers) Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global AC to AC Converters (Cycloconverters) Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global DC to AC Converters (Inverters) Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Power ICs Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Power Management ICs Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Application Specific ICs Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Power Switches Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Power Regulators Market, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Power Modules Market, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Power Drivers Market, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Power Electronic Market for Other Product Types, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 23 Global Power Electronics Market for Power Generation, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Power Electronics Market for Power Transmission, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Power Electronics Market for Power Distribution, by Country/Region, 2022–2031 (USD Million)
Table 26 Global Power Electronics Market for Power Control, by Country/Region, 2022–2031 (USD Million)
Table 27 Global Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 28 Global Power Electronics Market for Consumer Electronics and Home Appliances, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Power Electronics Market for Automotive, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Power Electronics Market for IT & Telecommunication, by Country/Region, 2022–2031 (USD Million)
Table 31 Global Power Electronics Market for Heavy Machinery, by Country/Region, 2022–2031 (USD Million)
Table 32 Global Power Electronics Market for Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
Table 33 Global Power Electronics Market for Energy & Utility, by Country/Region, 2022–2031 (USD Million)
Table 34 Global Power Electronics Market for Healthcare, by Country/Region, 2022–2031 (USD Million)
Table 35 Global Power Electronics Market for Other End-use Industries, by Country/Region, 2022–2031 (USD Million)
Table 36 Global Power Electronics Market, by Country/Region, 2022–2031 (USD Million)
Table 37 North America: Power Electronics Market, by Country, 2022–2031 (USD Million)
Table 38 North America: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 39 North America: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 40 North America: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 41 North America: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 42 North America: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 43 North America: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 44 U.S.: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 45 U.S.: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 46 U.S.: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 47 U.S.: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 48 U.S.: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 49 U.S.: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 50 Canada: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 51 Canada: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 52 Canada: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 53 Canada: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 54 Canada: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 55 Canada: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 56 Europe: Power Electronics Market, by Country/Region, 2022–2031 (USD Million)
Table 57 Europe: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 58 Europe: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 59 Europe: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 60 Europe: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 61 Europe: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 62 Europe: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 63 Germany: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 64 Germany: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 65 Germany: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 66 Germany: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 67 Germany: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 68 Germany: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 69 U.K.: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 70 U.K.: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 71 U.K.: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 72 U.K.: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 73 U.K.: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 74 U.K.: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 75 France: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 76 France: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 77 France: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 78 France: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 79 France: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 80 France: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 81 Italy: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 82 Italy: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 83 Italy: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 84 Italy: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 85 Italy: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 86 Italy: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 87 Spain: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 88 Spain: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 89 Spain: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 90 Spain: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 91 Spain: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 92 Spain: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 93 Switzerland: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 94 Switzerland: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 95 Switzerland: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 96 Switzerland: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 97 Switzerland: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 98 Switzerland: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 99 Netherlands: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 100 Netherlands: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 101 Netherlands: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 102 Netherlands: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 103 Netherlands: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 104 Netherlands: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 105 Rest of Europe: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 106 Rest of Europe: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 107 Rest of Europe: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 108 Rest of Europe: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 109 Rest of Europe: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 110 Rest of Europe: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 111 Asia-Pacific: Power Electronics Market, by Country/Region, 2022–2031 (USD Million)
Table 112 Asia-Pacific: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 113 Asia-Pacific: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 114 Asia-Pacific: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 115 Asia-Pacific: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 116 Asia-Pacific: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 117 Asia-Pacific: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 118 China: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 119 China: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 120 China: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 121 China: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 122 China: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 123 China: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 124 Japan: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 125 Japan: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 126 Japan: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 127 Japan: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 128 Japan: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 129 Japan: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 130 India: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 131 India: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 132 India: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 133 India: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 134 India: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 135 India: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 136 South Korea: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 137 South Korea: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 138 South Korea: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 139 South Korea: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 140 South Korea: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 141 South Korea: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 142 Singapore: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 143 Singapore: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 144 Singapore: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 145 Singapore: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 146 Singapore: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 147 Singapore: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 148 Malaysia: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 149 Malaysia: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 150 Malaysia: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 151 Malaysia: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 152 Malaysia: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 153 Malaysia: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 154 Rest of Asia-Pacific: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 155 Rest of Asia-Pacific: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 156 Rest of Asia-Pacific: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 157 Rest of Asia-Pacific: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 158 Rest of Asia-Pacific: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 159 Rest of Asia-Pacific: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 160 Latin America: Power Electronics Market, by Country/Region, 2022–2031 (USD Million)
Table 161 Latin America: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 162 Latin America: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 163 Latin America: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 164 Latin America: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 165 Latin America: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 166 Latin America: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 167 Brazil: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 168 Brazil: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 169 Brazil: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 170 Brazil: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 171 Brazil: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 172 Brazil: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 173 Mexico: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 174 Mexico: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 175 Mexico: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 176 Mexico: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 177 Mexico: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 178 Mexico: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 179 Rest of Latin America: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 180 Rest of Latin America: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 181 Rest of Latin America: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 182 Rest of Latin America: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 183 Rest of Latin America: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 184 Rest of Latin America: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 185 Middle East & Africa: Power Electronics Market, by Country/Region, 2022–2031 (USD Million)
Table 186 Middle East & Africa: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 187 Middle East & Africa: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 188 Middle East & Africa: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 189 Middle East & Africa: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 190 Middle East & Africa: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 191 Middle East & Africa: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 192 UAE: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 193 UAE: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 194 UAE: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 195 UAE: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 196 UAE: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 197 UAE: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 198 Israel: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 199 Israel: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 200 Israel: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 201 Israel: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 202 Israel: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 203 Israel: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 204 Rest of Middle East & Africa: Power Electronics Market, by Product Type, 2022–2031 (USD Million)
Table 205 Rest of Middle East & Africa: Power Transistors Market, by Type, 2022–2031 (USD Million)
Table 206 Rest of Middle East & Africa: Power Electronics Circuits Market, by Type, 2022–2031 (USD Million)
Table 207 Rest of Middle East & Africa: Power ICs Market, by Type, 2022–2031 (USD Million)
Table 208 Rest of Middle East & Africa: Power Electronics Market, by Application, 2022–2031 (USD Million)
Table 209 Rest of Middle East & Africa: Power Electronics Market, by End-use Industry, 2022–2031 (USD Million)
Table 210 Recent Developments by the Major Market Players (2021–2024)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Key Insights
Figure 8 Global Power Electronics Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 9 Global Power Electronics Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 10 Global Power Electronics Market, by End-use Industry, 2024 Vs. 2031 (USD Million)
Figure 11 Geographic Snapshot: Power Electronics Market
Figure 12 Impact Analysis of Market Drivers, Restraints, Opportunities, and Challenges
Figure 13 Global Power Electronics Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 14 Global Power Electronics Market, by Application, 2024 Vs. 2031 (USD Million)
Figure 15 Global Power Electronics Market, by End-use Industry, 2024 Vs. 2031 (USD Million)
Figure 16 Global Power Electronics Market, by Geography, 2024 Vs. 2031 (USD Million)
Figure 17 Geographic Snapshot: North America Power Electronics Market
Figure 18 Geographic Snapshot: Europe Power Electronics Market
Figure 19 Geographic Snapshot: Asia-Pacific Power Electronics Market
Figure 20 Geographic Snapshot: Latin America Power Electronics Market
Figure 21 Geographic Snapshot: Middle East & Africa Power Electronics Market
Figure 22 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 23 Competitive Dashboard: Power Electronics Market
Figure 24 Vendor Market Positioning Analysis (2021–2024)
Figure 25 ON Semiconductor Corporation: Financial Overview
Figure 26 ABB Ltd.: Financial Overview
Figure 27 Infineon Technologies AG: Financial Overview
Figure 28 Texas Instruments Incorporated: Financial Overview
Figure 29 ROHM Co. Ltd: Financial Overview
Figure 30 STMicroelectronics NV: Financial Overview
Figure 31 Renesas Electronics Corporation: Financial Overview
Figure 32 Vishay Intertechnology Inc.: Financial Overview
Figure 33 Toshiba Corporation: Financial Overview
Figure 34 Mitsubishi Electric Corporation: Financial Overview
Figure 35 Analog Device Inc.: Financial Overview
Figure 36 TDK Corporation: Financial Overview
Figure 37 Murata Manufacturing Co., Ltd.: Financial Overview
Figure 38 Fuji Electric Co., Ltd.: Financial Overview
Figure 39 NXP Semiconductors N.V.: Financial Overview
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