The global power electronics market size is expected to grow from $35.1 billion in 2020 to $44.4 billion in 2025 at a CAGR of 4.7%. Growing interest in the use of renewable power around the world, increasing adoption of power electronics in electric vehicle manufacturing, and increasing use of power electronics in consumer electronics are key factors driving the market growth. Increasing use of GaN and SiC products in various applications and increasing industrialization in developing countries are expected to create lucrative opportunities for players operating in the market during the forecast period. To combat the COVID-19 pandemic, it is expected that governments in different countries have implemented multiple regulations (e.g. complete closure of manufacturing facilities, limited production to limited workforce), and reduced demand for end products will affect the growth of enterprises . Power electronics market in 2020.
A full report of Power Electronics Market is available at: https://www.orionmarketreports.com/power-electronics-industry-market/29886/
Global Power Electronics Market: Segmentation Analysis
By Device type:
• Power Discrete
• Power Module
• Power IC
By Material
• Silicon (Si)
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
By Voltage
• Low Voltage
• Medium Voltage
• High Voltage
By Vertical
• ICT
• Consumer Electronics
• Industrial
• Automotive & Transportation
• Aerospace & Defense
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Power Electronics Market Report
• What was the Power Electronics Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Power Electronics Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Power Electronics Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
