Power Electronics Market Size to Reach $36.64 Billion by 2027 | Europe and North America Constitute Largest Market Share

Power Electronics Market - AMR

Power Electronics Market – AMR

The power electronics industry in Asia-Pacific is expected to grow at the highest rate, owing to an increase in the adoption of electric and hybrid vehicles.

PUNE, MAHARASHTRA, INDIA, October 26, 2020 /EINPresswire.com/ — Power electronic module is a set of power components integrated in power semiconductor devices. Power devices can attain extremely low resistance and high-frequency switching. These properties are exploited in high-efficiency power supplies, electric vehicles (EVs), hybrid electric vehicles (HEVs), photovoltaic inverters, and RF switching. These devices are applicable in power supplies for server, IT equipment, high-efficiency & stable power supplies, and EV & HEV devices.

The global power electronics market size was valued at $23.25 billion in 2019, and is projected to reach $36.64 billion by 2027, registering a CAGR of 5.7% during the forecast period. Asia-Pacific is expected to be the leading contributor to the power electronics market, followed by North America and Europe.

Get Your Sample Report – Download Now(334 Pages PDF): https://www.alliedmarketresearch.com/request-sample/1785

SiC power electronics facilitate energy conversion in generators and actuators integrated in aircraft, which significantly contributes toward the growth of the global market. In addition, the growth of power electronics market is driven by increase in usage of power electronics in a wide range of applications such as industrial motor drives, electric grid stabilization, and consumer electronics. This is attributed to the fact that their effective power control and management features for industrial operations or functioning of electrical/electronic devices make them suitable for different industry verticals, thereby augmenting the global power electronics market growth.

Power electronics is the branch of electronics that deals with the control and conversion of electrical power. The characteristics of silicon carbide semiconductors such as higher breakdown electric field strength and wider band gap enable their usage in power electronics; for instance, these devices play a crucial role in controlling automotive electronics such as electric power steering, hydro electric vehicles main inverter, seat control, and braking system.

Access Full Report: https://www.alliedmarketresearch.com/power-electronics-market

By region, the power electronics market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis identified that the power electronics market share in Asia-Pacific is expected to grow at a faster rate as compared to other regions. Factors such as increase in adoption of fuel-efficient electric vehicles and surge in demand for advancements in the automotive sector contribute toward the market growth in Asia-Pacific.

The key players profiled in the power electronics market report include SABB Group, Fuji Electric Co, LTD, Infineon Technologies AG, Microsemi Corporation, Mitsubishi, Renesas Electronics Corporation, Rockwell Automation, STMicroelectronics, Texas Instruments Incorporated, and Toshiba Corporation. Market players have adopted various strategies such as product launch, expansion, collaboration, partnership, and acquisition to strengthen their foothold in the power electronics industry.

Enquire For More Details: https://www.alliedmarketresearch.com/purchase-enquiry/1785

Table of Content:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POWER ELECTRONICS MARKET, BY DEVICE TYPE
CHAPTER 5: POWER ELECTRONICS MARKET, BY MATERIAL
CHAPTER 6: POWER ELECTRONICS MARKET, BY APPLICATION
CHAPTER 7: POWER ELECTRONICS MARKET, BY END USER
CHAPTER 8: POWER ELECTRONICS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES

Related Reports:

Power Electronics for Electric Vehicle Market Size by 2027

Printed Electronics Market Share by 2027

Global Optoelectronics Market Size and Trends by 2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Avenue Subscription Based Report Library – Allied Market Research


Source: EIN Presswire