Europe Power Electronics Market

Europe Power Electronics Market By Application (consumer electronics, industrial, automotive & transportation, ICT, aerospace & Defense, and others), By Device type (power discrete, power module, and power IC), By Material (silicon carbide, and gallium nitride), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

Report Id: KBV-7104 Publication Date: December-2021 Number of Pages: 132
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Analysis of Market Size & Trends

The Europe Power Electronics Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).

Power electronics are instrumental in electrified vehicle applications, which offer high-efficient and compact solutions to power conversion. Power electronics refers to the circuitry device, which can convert power from one source to a load in a compact, effective, and robust way to facilitate optimum usage. Along with that, this device is utilized to regulate the conversion of electric power by utilizing transistors, diodes, and thyristors.

The production of renewable energy, advancements in energy infrastructure, and energy-efficient compact electronics components are some of the key aspects fueling the growth of the power electronics market. Specifically, silicon carbide (SiC) and gallium nitride (GaN) are appropriate for utilization in power electronics.

The strong automotive industry of the region along with the presence of numerous key market players is estimated to spur the growth of the regional power electronics market over the forecast period. In addition, the capabilities of these power electronics such as ensuring efficient delivery of power to provide high reliability, security, and flexibility to the power system help in converting prevailing electrical grids into next-generation networks.

The Germany market dominated the Europe Consumer Electronics Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,249 million by 2027. The UK market is exhibiting a CAGR of 2.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 3.7% during (2021 - 2027).

Based on application, the market is classified into consumer electronics, industrial, automotive & transportation, ICT, aerospace & defense, and others. Based on Device type, the market is segmented into power discrete, power module, and power IC. Based on Material the market is divided into silicon, silicon carbide, and gallium nitride. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Power Electronics Market Size will Hit $46.81 billion by 2027, at a CAGR of 4.4%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments, Inc., Toshiba Corporation, Renesas Electronics Corporation, ON Semiconductor Corporation, STMicroelectronics N.V., Mitsubishi Electric Corporation, Fuji Electric Co. Ltd. (Furukawa Group), and ABB Group.

Scope of the Study

Market Segments Covered in the Report:

By Application

  • Consumer Electronics
  • Industrial
  • Automotive & Transportation
  • ICT
  • Aerospace & Defense
  • Others

By Device type

  • Power discrete
  • Power module
  • Power IC

By Material

  • Silicon
  • Silicon Carbide
  • Gallium Nitride

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • NXP Semiconductors N.V.
  • Infineon Technologies AG
  • Texas Instruments, Inc.
  • Toshiba Corporation
  • Renesas Electronics Corporation
  • ON Semiconductor Corporation
  • STMicroelectronics N.V.
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd. (Furukawa Group)
  • ABB Group
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo