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

Power Electronics Market Growth, Trends and Report Highlights

According to a new report Global Power Electronics Market, published by KBV research, The Global Power Electronics Market size is expected to reach $46.81 billion by 2027, rising at a market growth of 4.4% CAGR during the forecast period.

Based on device type, Low power ICs provide improved efficiency and a concise form factor required for compact devices like hearable, IoT devices, wearable, sensors, and a broad variety of portable devices like mobile phones and many others.

Based on material, at present, silicon is witnessing high adoption as the substrate of choice for several semiconductor wafers. In addition, Silicon-based power electronics are well-suited for low-power applications and devices, which do not need a broad bandgap. The growth of this segment would witness a surge since silicon is a majorly accessible material utilized to develop a wide range of power electronics.

Based on application, the rise in the adoption of power electronics in home appliances would support the growth of the segment. OEMs based in China and South Korea like Xiaomi, Oppo, Vivo, Samsung, Meizu, and Huawei are majorly using GaN-based power electronics for high power inbox chargers of the smartphones along with accessory fast chargers.

The growing requirement for power generation and government initiatives in numerous countries to encourage renewable energy infrastructure are estimated to augment the growth of the regional market. In addition, the high population of emerging nations like India and China is resulting in the high implementation of communication infrastructure, which would accelerate the growth of the regional market.

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

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Power Electronics Market Segmentation

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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

Unique Offerings from KBV Research

• Exhaustive coverage
• The highest number of market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Related Reports:

North America Power Electronics Market, Future Scope & Opportunities 2021-2027

Europe Power Electronics Market, Size & Growth Forecast 2021-2027

Asia Pacific Power Electronics Market, Size, Share & Industry Outlook to 2027

LAMEA Power Electronics Market, Growth, Trends and Forecasts 2021-2027