HOME › Top Market Reports › Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022

Power Electronics Market by Material (Silicon, SiC, GaN, Sapphire), Device Type (Discrete, Module, and IC), Vertical (ICT, Consumer Electronics, Power, Industrial, Automotive, and Aerospace and Defense), and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: SE 2434

The power electronics market is expected to witness a high growth during the forecast period. The overall market is expected to be valued at USD 41.73 Billion by 2022 from USD 36.17 Billion in 2015, at a CAGR of 2.4% between 2016 and 2022 The base year considered for the study is 2015 and the forecast period provided is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the market based on materials, device type, vertical, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and detailed value chain and Porter’s five forces analysis. In addition, the objective of the report is to strategically profile the key players and comprehensively analyze their market rank and core competencies, along with detailing the competitive landscape for the market players as well as the new product launches, mergers, acquisitions, and collaborations in the market.

The research methodology used to estimate and forecast the size of the power electronics market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the power electronics from the revenue of the key players in this market. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The analysis of the market includes extensive primary research to gather information and verify and validate the critical conclusions arrived at after an extensive secondary research.

After arriving at the overall market size, the total market has been split into several segments and subsegments. The following figure depicts the breakdown of the primaries conducted during the research study on the basis of company, designation, and region.

Power Electronics Market

To know about the assumptions considered for the study, download the pdf brochure

The power electronics ecosystem comprises power electronics devices manufacturers and providers such as Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).

The target audience for the report includes:

Raw material and manufacturing equipment suppliers
Semiconductor wafer players
Electronic design automation (EDA) and design tool vendors
Original design manufacturers (ODMs)
Original equipment manufacturers (OEMs)
Integrated device manufacturers (IDMs)
ODM and OEM technology solution providers
Assembly, testing, and packaging vendors
Technology, service, and solution providers
Intellectual property (IP) core and licensing providers
Suppliers and distributors
Technology investors, venture capitalists, and patent holders
Government and other regulatory bodies
Research institutes and organizations
Market research and consulting firms

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

The market covered under this report has been segmented as follows:

Power Electronics Market, by Material

Silicon (Si)
Silicon Carbide (SiC)
Gallium Nitride (GaN)
Sapphire
Others

Power Electronics Market, by Device Type

Discrete
- Diode
- Transistor
- Thyristor
Module
- Intelligent Power Module (IPM)
- Power Integrated Module (PIM)
IC
- Power Management Integrated Circuits (PMIC)
- Application-Specific Integrated Circuits (ASIC)

Power Electronics Market, by Vertical

ICT
- Switching Systems
- Wireless
- Satellite Communication
- Radar
- Radio Frequency (RF)
- Others (including Signal Amplifiers, Wired Communication, and Photovoltaic)
Consumer Electronics
- Inverters
- Light emitting diode (LED)
- Switched-Mode Power Supply (SMPS)
- Others (Including Office Equipment, Computers, Televisions, Lightning Devices, Radio-Frequency Identification (RFID) Solutions, and Electronic Surveillance Systems, among others)
Power
- Uninterruptible Power Supply (UPS)
- Converter
- Others (Including High-Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS)
Industrial
- Point-to-Load (POL) conversion
- Power Management
- Renewable Energy System
- Heating, Ventilating, and Air-Conditioning (HVAC)
- Rail Traction
- Motor Drive
- Smart Grid
- Others (including High-Voltage DC (HVDC))
Automotive
- Vehicular Power Converter Systems
- Electric Vehicle Charging
- Others (including Driver Information Systems, Body Electronics, Powertrain Control, Safety and Chassis applications among others)
Aerospace & Defense
- Microwave Radiation
- Combat Vehicle
- Others (including Unmanned Aerial Vehicle (UAV), Unmanned Underwater Vehicle (UUV), and Unmanned Ground Vehicle (UGV)]

Power Electronics Market, by Geography

Countries covered under the Americas are as follows:

U.S.
Canada
Latin America (Including Mexico, Brazil, Argentina, Columbia, and Venezuela among others)

Countries covered under Europe are as follows:

France
U.K.
Germany
Rest of Europe (including Italy, Sweden, Switzerland, Italy, Finland, the Netherlands, Belgium, and Turkey among others)

Countries covered under Asia-Pacific (APAC) are as follows:

China
India
Japan
South Korea
Rest of APAC (Indonesia, Taiwan, Singapore, Australia, Thailand, and Malaysia among others)

Regions covered under Rest of the World (RoW) are as follows:

Middle East
Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Power Electronics Market Analysis

Further breakdown of the other vertical segment into sub-categories
Further breakdown of the sub-categories of the other vertical segment, by geography

Company Information

Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
           2.2.3 Market Ranking Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in the Overall Power Electronics
    4.2 Power Electronics, By Material
    4.3 Power Electronics, By Device Type and Vertical
    4.4 Country-Wise Analysis of the Power Electronics
    4.5 Power Electronics Market Size, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Power Electronics, By Material
           5.2.2 Power Electronics Market, By Device Type
           5.2.3 Power Electronics, By Vertical
           5.2.4 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Energy-Efficient Battery-Powered Portable Devices
                    5.3.1.2 Rising Trend of Energy Harvesting Technologies
                    5.3.1.3 Enhancement of Power Infrastructure and the Growing Focus Toward Using Renewable Power Sources
           5.3.2 Restraints
                    5.3.2.1 Complex Design and Integration Process for Advanced Technology Devices
                    5.3.2.2 Slow Adoption of New Technologies
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand for Hybrid and Electric Vehicles
                    5.3.3.2 Growing Demand for Deployment of Low Carbon Emission Power System
                    5.3.3.3 Deployment of Smart Grid
           5.3.4 Challenges
                    5.3.4.1 Demand for Compact Devices With High Efficiency

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Competitive Rivalry

7 Power Electronics Market, By Material (Page No. - 58)
    7.1 Introduction
    7.2 Silicon (Si)
    7.3 Silicon Carbide (SiC)
    7.4 Gallium Nitride (GaN)
    7.5 Sapphire
    7.6 Others

8 Power Electronics Market, By Device Type (Page No. - 65)
    8.1 Introduction
    8.2 Discrete
           8.2.1 Diode
                    8.2.1.1 Pin Diode
                    8.2.1.2 Zener Diode
                    8.2.1.3 Schottky Diode
                    8.2.1.4 Light Emitting Diode (LED)
           8.2.2 Transistor
                    8.2.2.1 Bipolar Junction Transistor (BJT)
                    8.2.2.2 Integrated Gate Bipolar Junction Transistor (IGBT)
                    8.2.2.3 Field Effect Transistor (FET)
           8.2.3 Thyristor
                    8.2.3.1 Gate Turn Off (GTO) Thyristor
                    8.2.3.2 Integrated Gate Commutated Thyristor (IGCT)
                    8.2.3.3 Mos-Controlled Thyristor (MCT)
    8.3 Module
           8.3.1 Intelligent Power Module (IPM)
                    8.3.1.1 Hybrid
                    8.3.1.2 Monolithic
           8.3.2 Power Integrated Module (PIM)
                    8.3.2.1 Mosfet Modules
                    8.3.2.2 IGBT Modules
    8.4 IC
           8.4.1 Power Management IC (PMIC)
           8.4.2 Application Specific IC (ASIC)

9 Power Electronics Market, By Vertical (Page No. - 84)
    9.1 Introduction
    9.2 ICT
           9.2.1 Switching System
           9.2.2 Wireless
           9.2.3 Radar
           9.2.4 Rf
           9.2.5 Others
    9.3 Consumer Electronics
           9.3.1 Inverter
           9.3.2 LED
           9.3.3 Smps
           9.3.4 Others
    9.4 Power
           9.4.1 UPS
           9.4.2 Converter
           9.4.3 Others
    9.5 Industrial
           9.5.1 Point-Of-Load Conversion
           9.5.2 Power Management
           9.5.3 Renewable Energy System
           9.5.4 Hvac
           9.5.5 Rail Traction
           9.5.6 Motor Drive
           9.5.7 Smart Grid
           9.5.8 Other
    9.6 Automotive
           9.6.1 Vehicular Power Converter Systems
           9.6.2 Electric Vehicle Charging
           9.6.3 Others
    9.7 Aerospace and Defense
           9.7.1 Microwave Radiation
           9.7.2 Combat Vehicle
           9.7.3 Others
    9.8 Others

10 Power Electronics Market, By Geography (Page No. - 104)
     10.1 Introduction
     10.2 Americas
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Latin America
     10.3 Europe
             10.3.1 France
             10.3.2 Germany
             10.3.3 U.K.
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 Middle East
             10.5.2 Africa

11 Competitive Landscape (Page No. - 125)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Scenario
             11.3.1 New Product Launches
             11.3.2 Mergers, Acquisitions, and Collaboration

12 Company Profiles (Page No. - 130)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Infineon Technologies AG
     12.3 Texas Instruments, Inc.
     12.4 On Semiconductor Corp.
     12.5 Stmicroelectronics N.V.
     12.6 Maxim Integrated Products, Inc.
     12.7 Fuji Electric Co., Ltd.
     12.8 NXP Semiconductor N.V.
     12.9 Qualcomm, Inc.
     12.10 Vishay Intertechnology, Inc.
     12.11 Renesas Electronics Corp.
     12.12 Mitsubishi Electric Corp.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 161)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (65 Tables)

Table 1 Government Incentives for Electric Vehicles in Various Countries
Table 2 Porter’s Five Forces Analysis With Their Weightage Impact
Table 3 Power Electronics Market, By Material, 2013–2022 (USD Billion)
Table 4 Market, By Device Type, 2013–2022 (USD Billion)
Table 5 Power Electronics Market for Discrete, By Device Type, 2013–2022 (USD Billion)
Table 6 Market for Discrete, By Region, 2013–2022 (USD Billion)
Table 7 Power Electronics Market in Americas for Discrete, By Country, 2013–2022 (USD Billion)
Table 8 Market for Discrete in Europe, By Country, 2013–2022 (USD Billion)
Table 9 Market for Discrete in APAC, By Country, 2013–2022 (USD Billion)
Table 10 Power Electronics Market for Discrete in RoW, By Country, 2013–2022 (USD Billion)
Table 11 Power Electronic Market for Module, By Device Type, 2013–2022 (USD Billion)
Table 12 Power Electronics Market for Module, By Region, 2013–2022 (USD Billion)
Table 13 Market for Module in Americas, By Country, 2013–2022 (USD Billion)
Table 14 Market for Module in Europe, By Country, 2013–2022 (USD Billion)
Table 15 Power Electronics Market for Module in APAC, By Country, 2013–2022 (USD Billion)
Table 16 Power Electronics Market for Module in RoW, By Country, 2013–2022 (USD Billion)
Table 17 Power Electronic Market for IC, By Device Type, 2013–2022 (USD Billion)
Table 18 Power Electronics Market for IC, By Region, 2013–2022 (USD Billion)
Table 19 Market for IC in Americas, By Country, 2013–2022 (USD Billion)
Table 20 Market for IC in Europe, By Country, 2013–2022 (USD Billion)
Table 21 Power Electronics Market for IC in APAC, By Country, 2013–2022 (USD Billion)
Table 22 Market for IC in RoW, By Country, 2013–2022 (USD Billion)
Table 23 Power Electronics Market, By Vertical, 2013–2022 (USD Billion)
Table 24 Power Electronics Market for ICT, By Application, 2013–2022 (USD Billion)
Table 25 Market for ICT, By Region, 2013–2022 (USD Billion)
Table 26 Market for Consumer Electronics, By Application, 2013–2022 (USD Billion)
Table 27 Power Electronics Market for Consumer Electronics, By Region, 2013–2022 (USD Billion)
Table 28 Market for Power, By Application, 2013–2022 (USD Billion)
Table 29 Power Electronics Market for Power, By Region, 2013–2022 (USD Billion)
Table 30 Power Electronics Market for Industrial, By Application, 2013–2022 (USD Billion)
Table 31 Market for Industrial, By Region, 2013–2022 (USD Billion)
Table 32 Market for Automotive, By Application, 2013–2022 (USD Billion)
Table 33 Power Electronics Market for Automotive, By Region, 2013–2022 (USD Billion)
Table 34 Market for Aerospace and Defense, By Application, 2013–2022 (USD Billion)
Table 35 Market for Aerospace and Defense, By Region, 2013–2022 (USD Billion)
Table 36 Power Electronics Market for Others, By Region, 2013–2022 (USD Billion)
Table 37 Market, By Region, 2013–2022 (USD Billion)
Table 38 Power Electronics Market in Americas, By Country, 2013–2022 (USD Billion)
Table 39 Power Electronics Market in Americas, By Device Type, 2013–2022 (USD Billion)
Table 40 Market in Americas, By Vertical, 2013–2022 (USD Billion)
Table 41 Market in U.S., By Device Type, 2013–2022 (USD Billion)
Table 42 Power Electronics Market in Canada, By Device Type, 2013–2022(USD Billion)
Table 43 Market in Latin America, By Device Type, 2013–2022 (USD Billion)
Table 44 Power Electronics Market in Europe, By Country, 2013–2022 (USD Billion)
Table 45 Market in Europe, By Device Type, 2013–2022 (USD Billion)
Table 46 Power Electronics Market in Europe, By Vertical, 2013–2022 (USD Billion)
Table 47 Market in France, By Device Type, 2013–2022 (USD Billion)
Table 48 Power Electronics Market in Germany, By Device Type, 2013–2022 (USD Billion)
Table 49 Power Electronics Market in U.K., By Device Type, 2013–2022 (USD Billion)
Table 50 Market in Rest of Europe, By Device Type, 2013–2022 (USD Billion)
Table 51 Power Electronics Market in APAC, By Country, 2013–2022 (USD Billion)
Table 52 Power Electronics Market for APAC, By Device Type, 2013–2022 (USD Billion)
Table 53 Power Electronics Market in APAC, By Vertical, 2013–2022 (USD Billion)
Table 54 Market in China, By Device Type, 2013–2022 (USD Billion)
Table 55 Power Electronics Market in India, By Device Type, 2013–2022 (USD Billion)
Table 56 Power Electronics Market in Japan, By Device Type, 2013–2022 (USD Billion)
Table 57 Market in South Korea, By Device Type, 2013–2022 (USD Billion)
Table 58 Power Electronics Market in Rest of APAC, By Device Type, 2013–2022 (USD Billion)
Table 59 Market in RoW, By Country, 2013–2022 (USD Billion)
Table 60 Market in RoW, By Device Type, 2013–2022 (USD Billion)
Table 61 Power Electronics Market in RoW, By Vertical, 2013–2022 (USD Billion)
Table 62 Market in Middle East, By Device Type, 2013–2022 (USD Billion)
Table 63 Power Electronics Market in Africa, By Device Type, 2013–2022 (USD Billion)
Table 64 10 Most Recent New Product Launches in the Power Electronics
Table 65 5 Most Recent Mergers, Acquisitions, and Collaboration in the Power Electronics

List of Figures (65 Figures)

Figure 1 Power Electronics Market: Research Design
Figure 2 Process Flow
Figure 3 Power Electronics Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Power Electronics Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Power IC Would Be the Majorly Used Device Type in the Power Electronics Market Between 2016 and 2022
Figure 8 Gallium Nitride (GaN) in Power Electronics Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 9 Automotive and ICT Expected to Be the Fastest-Growing Applications Between 2016 and 2022
Figure 10 APAC Expected to Be the Fastest-Growing Region in the Power Electronics Market Between 2016 and 2022
Figure 11 Increasing Demand for Hybrid and Electric Vehicles Expected to Increase the Demand for Power Electronics
Figure 12 Silicon (Si) to Lead the Power Electronics Market Between 2016 and 2022
Figure 13 IC Device Type and Power Vertical Had A Higher Demand in 2016
Figure 14 Japan Held the Largest Share of the Power Electronics Market in 2016
Figure 15 Power Electronics Market in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 16 Power Electronics Market, By Geography
Figure 17 Power Electronics Market Dynamics
Figure 18 Rising Energy Harvesting System Market, 2014–2018 (USD Million)
Figure 19 Global Electric Vehicles Production, 2013–2020
Figure 20 Value Chain Analysis: Major Value is Added During the Discrete Electronic Component Manufacturing and Power Module & ICs Manufacturing Phases
Figure 21 Porter’s Five Forces Model for Power Electronics Market, 2016
Figure 22 Porter’s Five Forces Analysis
Figure 23 Medium Impact of Threat of New Entrants Because of High Market Growth Rate
Figure 24 Low Impact of the Threat of Substitutes Because of Lack of Viable Alternatives
Figure 25 Medium Impact of Bargaining Power of Suppliers Because of Moderate Supplier Concentration
Figure 26 High Impact of Bargaining Power of Buyers Because of Large Number of Suppliers
Figure 27 High Degree of Competitive Rivalry in the Market Because of High Industry Growth Rate
Figure 28 Gallium Nitride Segment Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 29 The Power Electronics Market for the Module Device Type is Expected to Have the Fastest Growth Rate Between 2016 and 2022
Figure 30 Discrete Device Type for Transistor Expected to Have the Fastest Growth Rate Between 2016 and 2022
Figure 31 Intelligent Power Module (IPM) in Power Module By Device Type Expected to Grow at the Fastest Rate Between 2016 and 2022
Figure 32 Power Management Integrated Circuits (PMIC) in Power IC By Device Type Expected to Grow at the Fastest Rate Between 2016 and 2022
Figure 33 Power Electronics Market for Automotive Vertical Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 34 Others Expected to Be the Fastest Growing Application of the ICT Vertical Between 2016 and 2022
Figure 35 Others Expected to Be the Fastest Growing Application of the Consumer Electronics Vertical Between 2016 and 2022
Figure 36 Ups and Others Expected to Be the Fastest Growing Applications of the Power Vertical Between 2016 and 2022
Figure 37 Power Management Expected to Be the Fastest Growing Application of the Industrial Vertical Between 2016 and 2022
Figure 38 Electric Vehicle Charging Expected to Be the Fastest Growing Application of the Automotive Vertical Between 2016 and 2022
Figure 39 Combat Vehicle Expected to Be the Fastest Growing Application of the Aerospace and Defense Vertical Between 2016 and 2022
Figure 40 Power Electronics Market: Geographic Snapshot
Figure 41 Overview of the Power Electronics in Americas
Figure 42 Overview of the Power Electronics in Europe
Figure 43 Overview of the Power Electronics in Asia-Pacific
Figure 44 Overview of the Power Electronics in RoW
Figure 45 Companies Adopted New Product Launches as the Key Growth Strategy Between January 2014 and December 2016
Figure 46 Market Share of Top 5 Players in the Power Electronics Market, 2015
Figure 47 Power Electronics Market Evaluation Framework
Figure 48 Battle for the Power Electronics Market Share
Figure 49 Geographic Revenue Mix of the Top 5 Market Players
Figure 50 Infineon Technologies AG: Company Snapshot
Figure 51 Infineon Technologies AG: SWOT Analysis
Figure 52 Texas Instruments, Inc.: Company Snapshot
Figure 53 Texas Instruments, Inc.: SWOT Analysis
Figure 54 On Semiconductor Corp.: Company Snapshot
Figure 55 On Semiconductor Corp.: SWOT Analysis
Figure 56 Stmicroelectronics N.V.: Company Snapshot
Figure 57 Stmicroelectronics N.V.: SWOT Analysis
Figure 58 Maxim Integrated Products, Inc.: Company Snapshot
Figure 59 Maxim Integrated Products, Inc.: SWOT Analysis
Figure 60 Fuji Electric Co., Ltd.: Company Snapshot
Figure 61 NXP Semiconductors N.V.: Company Snapshot
Figure 62 Qualcomm, Inc.: Company Snapshot
Figure 63 Vishay Intertechnology, Inc.: Company Snapshot
Figure 64 Renesas Electronics Corp.: Company Snapshot
Figure 65 Mitsubishi Electric Corp.: Company Snapshot

The market is expected to be valued at USD 41.73 Billion by 2022, at a CAGR of 2.4% between 2016 and 2022. The major factors driving the growth of the power electronics market include the increasing demand for energy-efficient battery-powered portable devices, rising trend of energy harvesting technologies, enhancement of power infrastructure, and the growing focus toward using renewable power sources.

This report segments the market on the basis of material, device type, vertical, and geography. The market for silicon accounted for the largest share of the power electronics market based on material in 2015. This growth could be attributed to the applicability of silicon in various power electronics devices and products.

The power integrated circuits (IC) is expected to witness a significant growth during the forecast period. Power ICs are widely used for high-frequency range, high power amplification, and microwave radiation applications. Growth of the power ICs market in the industrial, ICT, aerospace and defense verticals is driven by various high-power and high-frequency applications such as radio frequency (RF), high-frequency wireless communication, radio detection and ranging (RADAR), satellite communication, and electronic warfare among others.

The power vertical accounted for the largest share of the power electronics market in 2015. Power electronics-based solutions are replacing the traditional electricity generation, transmission, and distribution systems at an increasing rate, which in turn is acting as a driving factor for the growth of this vertical.

Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period in the power electronics market. This growth can be attributed to the increasing demand for consumer goods and energy requirements in emerging economies such as China and India. The APAC region has emerged as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region.

Power Electronics Market

Complex design and integration process for advanced technology devices and slow adoption of new technologies by system integrators are the key restraining factor for the growth of the power electronics market.

The key players in the power electronics market include Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).

These players adopted various strategies such as new product launches, mergers, acquisitions, and collaborations to grow in the power electronics market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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