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Power Electronics Market - New Revenue Pockets
The power electronics market in electronics and semiconductor industry has created a new revenue stream in the electronics industry, having APAC as the crown holder of the overall ecosystem. The power electronics is basically a technology associated with efficient conversion, control, and conditioning of the electric power. This report highlights the importance of power electronics in modern technology, giving details of the vital points related tothis industry.
The power electronics market is very dynamic and the involvement of a proper supply chain has helped the industry to reach new heights. Due to the improvements in the effective supply chain and distribution, the power electronics industry has grabbed the attention of the power device manufacturer, power discrete manufacturer, and the power modules manufacturer, so as to generate more and more revenue with the help of high quality materials and components.
Continuous Research & Developments in this sector has allowed new entrants to penetrate in the unmarked markets. APAC holds a major share of the overall power electronics markets. The APAC region is a very cost effective region with low cost labor and high quality products. Therefore, it is becoming the major hub of power electronics device manufacturing, whereas the APAC region, with regards to the power electronics market, is closely followed by the Americas, Europe, and the ROW region.
Power electronics is emerging as a major technology in the recent years due to the innovations in components, devices, circuits and systems. These components devices and circuits together contribute towards themanufacturing of a product and, eventually, a system. The power electronics is a diverse sector and it can be found in many applications like ICT, industrial, power, consumer electronics, automotive, aerospace & defense, and other applications; including medical and retail sector applications. The aerospace & defense industry and the industrial applications are approaching the further vertical stages.
The power electronics market is in its early maturity stage; and to increase its growth, it needs to analyze and implement new approach towards the already saturated market. Additionally, the capability of power electronics device and systems can hardly be matched or replaced.
The highlights and the company profiles of major companies like the TEXAS Instruments, Inc. (U.S), STMicroelectronics NV (Switzerland), Rockwell Automation Inc. (U.S), Vishay Intertechnology Inc. (U.S), Renesas Electronics Corp. (Japan), ABB Ltd (Switzerland), Alstom (France), MicroSemi Corp (U.S), Freescale Semiconductor (U.S), and Taiwan Semiconductor Manufacturing Co., Ltd (Taiwan)are also included in this report.
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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