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The continuous advancements in technology and developments in new and innovative products have made power electronics
The power electronics market has grown tremendously over the last few decades. The continuous advancements in technology and developments in new and innovative products have made power electronics, a very essential part of every industry vertical. The reason for power electronics becoming such an importantmarket, is the emphasis on the application oriented R&D in modularization, modeling, system analysis, design, and experimental evaluations. The major economies that play a vital role in this ecosystem include the Americas, Europe, APAC, and the ROW nations.
The APAC holds the crown for being the market leader in the overall ecosystem. APAC is followed by the Americas, Europe, and ROW. The major reason for APAC being the market leader is the fact that most of the electronics and semiconductor manufacturing is done in APAC nations; therefore,APAC is also said to be the hub of the power electronics market. The manufacturing of components and devices is done on a large scale as the cost of labor and operations is very low in the APAC countries as compared to other regions of the globe. The APAC region consists of countries such as Japan, China, Korea, Taiwan, and the others; including Indonesia, India, Malaysia, and Singapore.
The report presents the important segmentation based on the power electronics devices that include power discrete, power IC, and power modules. All the mentioned devices are used for the integration of the materials that go into the manufacturing of components and devices. Additionally, the major manufacturer of electronic components and devices are found in the APAC region, making it the market leader in the power electronics ecosystem.
Power electronics is being recognized as a major discipline in the engineering field; and with the saturating trend in technology, it is expected to have a tremendous impact on the various applications it is used in. Power electronics tends to be high tech frontier in the overall electronics and semiconductor domain. The role of power electronics in the future will be very important and versatile for the socio-economic development. The power electronics components, devices, and systems have merged together to create a complex interdisciplinary technology, which is expected to be an important element in applications such as industrial, power, automotive, and aerospace& defense.
Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020
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