Power Electronics Market- Overview:
Market Research Future published a Half Cooked research report on “Global Power Electronics Market Research Report – Forecast to 2027”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027
Increasing adoption of power electronics in electric vehicles and growing need for power management devices are major factors driving the growth of power electronics market. Power electronic devices have several advantages such as simplified circuits, and optimum forward and reverse blocking capabilities. Furthermore, compact power electronics designs are the ideal choice for applications involving high power densities.
Technology giants such as Infineon Technologies AG, Texas Instruments, Inc., ON Semiconductor Corp., STMicroelectronics N.V., Maxim Integrated Products, Inc., Fuji Electric Co., Ltd., NXP Semiconductors N.V., and Qualcomm are a few major players in the Global Power Electronics Market. Increasing deployment of smart grid applications and increasing demand for deployment of low carbon emission power systems are major factors driving the growth of the global power electronics market. Furthermore, growing focus towards the use of renewable power resources is boosting the growth of the market. Also, growing demand for enhancement of power infrastructure is set to drive the growth of the power electronics market.
Major Key Players
Some of the prominent players in the global power electronics market are 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) among others.
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The major growth driver of Power Electronics Market includes rising demand for high-power electronics, increasing adoption of renewable energy sources such as electric vehicles, and growing ICT and telecommunication sector among others.
Industry News
January 2018 – STMicroelectronics, a global leader in semiconductor market has launched advanced MEMS silicon micro speakers after collaborating with USound, an emerging audio company. These speakers are expected to be compact in size and would consume low power then the traditional speakers.
January 2018 – Infineon Technologies, an emerging semiconductor company, has developed flexible high performance chip sets for wireless charging applications to serve automotive and consumer sector demands such as automotive in-cabin wireless charging which also caters automotive safety & security issues, and recharging consumer devices without managing the complicated thermal process.
Regional Analysis
The global Power Electronics (BIM) market is estimated to grow at a promising rate in upcoming years. Asia Pacific has dominated the power electronics market in 2016. Asia Pacific has a strong market of manufacturing electronics products and services which has supported this region in generating highest market value for 2016. Followed by Europe and North America. Europe is expected to be the fastest growing region due to increasing initiatives by government and offering funding for electric vehicle manufacturers and increasing adoption of electric vehicle by consumers.
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- Investment houses
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