Power Electronics Market Research, Recent Trends and Growth Forecast 2025
Category: #technology |   By Admin |   Date: 2021-02-10  |  Product ID: 707336 | 
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Power Electronics Market Research, Recent Trends and Growth Forecast 2025

The Power Electronics Market Forecast Report provides details analysis of keyword industry which will accelerate your business. Power Electronics market report covers the current state of business and the growth prospects of the worldwide keyword Market. The Power Electronics market report lists the leading competitors and provides the Industry pitfall and challenges, Growth potential analysis of the key factors influencing the market.

The high demand for alternative energy systems such as solar, wind, and geothermal over conventional power sources will drive the power electronics market. This is largely due to the increase in pollution rates that is resulting in reduced life expectancies and physical ailments among the general population. Global power electronics market is set to exceed USD 45 billion by 2024, according to this new research report. The high growth of industrialization in the Asia Pacific is causing cities such as Rawalpindi, Kolkata, Delhi, and Beijing to experience an increase in air pollution rates. To combat this situation, governments across the world are initiating stringent regulations restricting the emission of particulate matter above a certain specified range, aiding power electronics market growth. For instance, the SO2 emissions impacting the cement industries range from 50mg/cubic Nm in Germany to 400mg/cubic Nm in Egypt.

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The increase in terrorist attacks and criminal activities across the world is leading to an increase focus on the development of new and advanced defense technologies. The development of defense systems such as missiles, high altitude platforms, satellites, communication technologies, and combat land and air vehicles are driving the growth of the power electronics market. UAVs, for instance, are required to stay operational for prolonged periods of time without the provision of constant fueling and charging stations. To tackle this issue, these systems are either equipped with battery, powered storage units or solar panels, both of which requires DC-DC convertors and powertrains to function.

Governments are also pushing the provision of grants and VAT exemptions for electric vehicle owners to increase the adoption and decrease the total cost of ownership. For instance, the UK government offers consumers financial incentives in the form of grants and subsidies upwards of USD 5,944 for these vehicles. Also, ownership cost of fully-electric vehicles is reduced with owners of vehicles that cost less than USD 52,844 to be exempted from paying annual road taxes. The presence of such initiatives and plans is anticipated to drive the power electronics market.

The discrete power electronics market is anticipated to exhibit substantial growth during the forecast timespan as components such as transistors, diodes, and thyristors find increasing applications in every day electronics and consumer systems. Diodes, for instance, have varied use cases as blocking devices in solar charging systems for the prevention of a storage unit such as the battery from discharging through the solar panel.

The rising demand for data centers and wireless technologies is fueling the growth of the ICT segment of the power electronics market. For instance, in data centers, cooling of the system consumes approximately 40% of the total electricity. By applying variable speed drives to pumps and air conditioning units, the speed of the systems can be adjusted to match the amount of cooling that is required providing massive energy and cost savings.

The economic boom in the Asia Pacific countries is contributing to the high growth of the power electronics market. The middle-class population is now able to purchase a larger amount of luxury goods and household systems. Furthermore, in industrial and manufacturing settings, these systems are essential components to combat issues pertaining to power losses and current fluctuations through the usage of power regulators, UPS, and inverters.

Players operating in the global power electronics market include Semikron Electronics GmbH & Co., Inc., Renesas Electronics Corporation, Texas Instruments Incorporated, ON Semiconductor, NXP Semiconductor N.V., Methode Electronics, Inc., Microsemi Corporation, and Maxim Integrated Products, Inc. Product innovations are commonplace among industry participants. For instance, in May 2017, Fuji Electric Co. Ltd. announced the launch of a High Voltage Contactor that has the capability of delivering very high current overload capacity for reliable vehicle operation.

Power electronics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Power Electronics Market, By Product

Discrete

Module

IC

Power Electronics Market, By Application

Automotive

Consumer electronics

ICT

Industrial

Aerospace & defense

Others

The above information has been provided on a regional basis for the following:

North America

U.S

Canada

Europe

UK

Germany

France

Italy

Russia

Asia Pacific

China

Japan

India

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

South Africa

Saudi Arabia

UAE

Report ContentChapter 1. Methodology and Scope1.1. Methodology1.1.1. Initial data exploration1.1.2. Statistical model and forecast1.1.3. Industry insights and validation1.1.4. Definition and forecast parameters1.2. Data Sources1.2.1. Primary1.2.2. SecondaryChapter 2. Executive Summary2.1. Power electronics industry 360 degree synopsis, 2013 - 20242.1.1. Business trends2.1.2. Regional trends2.1.3. Product trends2.1.4. Application trendsChapter 3. Power Electronics Industry Insights3.1. Industry segmentation3.2. Industry landscape, 2013 - 20243.3. Industry ecosystem analysis3.3.1. Distribution channel analysis3.3.2. Vendor matrix3.4. Technology innovation landscape3.4.1. Miniaturization of power engineering electronics modules3.4.2. Adoption of Silicon Carbide (SiC) materials3.4.3. Embedding capacitors in IGBT modules3.4.4. Module-level power electronics (MLPE) in solar module optimization3.4.5. Radio-frequency power components3.5. Regulatory landscape3.5.1. CENELEC - EN 62477-13.5.2. Australian standards for Uninterruptible power systems (UPS)3.5.3. Safety standards for portable inverters3.5.4. Power generation standards3.6. Industry impact forces3.6.1. Growth drivers3.6.1.1. Rising demand for renewable energy and improvements in power infrastructure in Asia Pacific, Europe and the U.S.3.6.1.2. Need for increasing energy efficiency in industrial applications in Eastern Europe and South-East Asia3.6.1.3. Growth of electric (EVs) and hybrid vehicles (HEVs) in North America and Asia Pacific3.6.1.4. Growing consumer electronics market in the Asia Pacific3.6.1.5. Deployment of smart grids in Europe3.6.2. Industry pitfalls and challenges3.6.2.1. Complexity and technical issues3.7. Growth potential analysis3.8. Porter's analysis3.9. Competitive landscape3.9.1. Strategy dashboard3.10. PESTEL analysisChapter 4. Power Electronics Market, By Product4.1. Power electronics market share by product, 2016 20244.2. Discrete4.2.1. Market estimates and forecasts, 2013 - 20244.3. Module4.3.1. Market estimates and forecasts, 2013 - 20244.4. IC4.4.1. Market estimates and forecasts, 2013 - 2024Chapter 5. Power Electronics Market, By Application5.1. Power electronics market share by application, 2016 20245.2. Automotive5.2.1. Market estimates and forecasts, 2013 - 20245.3. Consumer electronics5.3.1. Market estimates and forecasts, 2013 - 20245.4. ICT5.4.1. Market estimates and forecasts, 2013 - 20245.5. Industrial5.5.1. Market estimates and forecasts, 2013 - 20245.6. Aerospace defense5.6.1. Market estimates and forecasts, 2013 - 20245.7. Others5.7.1. Market estimates and forecasts, 2013 - 2024

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