Global Power Electronics Market Size study & Forecast, by Device Type, by Material, by Application, by End Use and Regional Analysis, 2023-2030

Description

List of Tables

Global Power Electronics Market is valued at approximately USD 30.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Power electronics is a specialized field of electrical engineering that focuses on the conversion and control of electrical power. It deals with the design, development, and application of electronic devices and circuits for efficiently converting electrical energy from one form to another. This conversion process is essential in various applications, such as renewable energy systems, electric vehicles, industrial automation, and consumer electronics. Power electronics have a profound impact on improving energy efficiency, reducing environmental impact, and enhancing the performance of numerous electrical systems and devices across various industries. The Power Electronics Market is expanding because of factors such as expansion of renewable energy sources, increasing demand for energy efficiency and rising adoption of industrial robots.

Industrial robots rely heavily on electric motors for their movement and operation. Power electronics are essential for controlling these motors efficiently. Power electronic devices such as inverters and motor drives are used to regulate the speed, torque, and direction of robot motors. As the number of industrial robots deployed in manufacturing and other industries increases, demand for power electronics also rises. According to the International Federation of Robotics, in June 2022, the global shipment of industrial robots reached approximately 486,800 units, marking a significant 27% increase compared to the previous year in 2021. Additionally, the report reveals that the installation of industrial robots showed substantial growth, with installations rising from 3,919,000 units in 2019 to 5,170,000 units in 2021. Thus, the rising adoption of industrial robots is driving market growth. In addition, the electrification of the transportation industry and the development of smart grids are creating new opportunities for market growth. However, the complex integration process of advanced electronics devices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power Electronics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to factors such as rising adoption of electric vehicles, increasing emphasis on energy efficiency, growing adoption of automation and robotics, and supportive government policies promoting clean energy technologies in the region. Whereas, Asia Pacific is projected to register fastest growth owing to factors such as increased demand for electrical power across various sectors, including automotive, industrial, consumer electronics, and renewable energy, the expansion of the EV and renewable energy sectors, industrial automation, and the region's manufacturing facilities is supporting the market growth.

Major market player included in this report are:

ON Semiconductor Corporation
ABB Ltd.
Infineon Technologies AG
Texas instruments Inc.
ROHM Co. Ltd
STMicroelectronics NV
Renesas electronic corporation
Vishay Intertechnologies Inc.
Toshiba Corporation
Mitsubishi Electric Corporation

Recent Developments in the Market:

In May 2023, Infineon Technologies AG has unveiled the OptiMOS 7 40V MOSFET family, showcasing their latest advancement in power MOSFETs tailored for automotive applications. This MOSFET series offers a variety of lead-free and robust power packages, harnessing state-of-the-art 300 mm thin-wafer technology and inventive packaging methods to deliver significant improvements in performance, all while maintaining a compact design. Consequently, these MOSFETs prove ideal for an extensive range of current and future automotive uses that call for 40V MOSFETs, including electric power steering, braking systems, disconnect switches, and the evolving requirements of emerging zone architectures in the automotive sector
In May 2023, Toshiba Electronics Europe introduced a state-of-the-art 150V N-channel power MOSFET, constructed using their advanced U-MOS X-H Trench process technology. The TPH9R00CQ5 MOSFET is custom-designed for high-performance switching power supplies, with a primary focus on applications such as communication base stations and a range of industrial uses. .

Global Power Electronics Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Device Type, Material, Application, End use, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device Type:

Power Discrete
Power Module
Power IC

By Material:

Silicon Carbide
Gallium Nitride
Sapphire
Others

By Application:

Power Management
UPS
Renewable
Others

By End Use:

Telecommunication
Industrial
Automotive
Consumer Electronics
Military and Defense
Energy and Power
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Power Electronics Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Power Electronics Market, by Device Type, 2020-2030 (USD Billion)
- 1.2.3. Power Electronics Market, by Material, 2020-2030 (USD Billion)
- 1.2.4. Power Electronics Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Power Electronics Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Power Electronics Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Power Electronics Market Dynamics

3.1. Power Electronics Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Expansion of renewable energy sources
  - 3.1.1.2. Increasing demand for energy efficiency
  - 3.1.1.3. Rising adoption of industrial robots
- 3.1.2. Market Challenges
  - 3.1.2.1. Complex integration process of advanced electronics devices
- 3.1.3. Market Opportunities
  - 3.1.3.1. Electrification of transportation industry
  - 3.1.3.2. Development of smart grids

Chapter 4. Global Power Electronics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Power Electronics Market, by Device Type

5.1. Market Snapshot
5.2. Global Power Electronics Market by Device Type, Performance - Potential Analysis
5.3. Global Power Electronics Market Estimates & Forecasts by Device Type 2020-2030 (USD Billion)
5.4. Power Electronics Market, Sub Segment Analysis
- 5.4.1. Power Discrete
- 5.4.2. Power Module
- 5.4.3. Power IC

Chapter 6. Global Power Electronics Market, by Material

6.1. Market Snapshot
6.2. Global Power Electronics Market by Material, Performance - Potential Analysis
6.3. Global Power Electronics Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4. Power Electronics Market, Sub Segment Analysis
- 6.4.1. Silicon Carbide
- 6.4.2. Gallium Nitride
- 6.4.3. Sapphire
- 6.4.4. Others

Chapter 7. Global Power Electronics Market, by Application

7.1. Market Snapshot
7.2. Global Power Electronics Market by Application, Performance - Potential Analysis
7.3. Global Power Electronics Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Power Electronics Market, Sub Segment Analysis
- 7.4.1. Power Management
- 7.4.2. UPS
- 7.4.3. Renewable
- 7.4.4. Others

Chapter 8. Global Power Electronics Market, by End Use

8.1. Market Snapshot
8.2. Global Power Electronics Market by End Use, Performance - Potential Analysis
8.3. Global Power Electronics Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
8.4. Power Electronics Market, Sub Segment Analysis
- 8.4.1. Telecommunication
- 8.4.2. Industrial
- 8.4.3. Automotive
- 8.4.4. Consumer Electronics
- 8.4.5. Military and Defense
- 8.4.6. Energy and Power
- 8.4.7. Others

Chapter 9. Global Power Electronics Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Power Electronics Market, Regional Market Snapshot
9.4. North America Power Electronics Market
- 9.4.1. U.S. Power Electronics Market
  - 9.4.1.1. Device Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Material breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End Use breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Power Electronics Market
9.5. Europe Power Electronics Market Snapshot
- 9.5.1. U.K. Power Electronics Market
- 9.5.2. Germany Power Electronics Market
- 9.5.3. France Power Electronics Market
- 9.5.4. Spain Power Electronics Market
- 9.5.5. Italy Power Electronics Market
- 9.5.6. Rest of Europe Power Electronics Market
9.6. Asia-Pacific Power Electronics Market Snapshot
- 9.6.1. China Power Electronics Market
- 9.6.2. India Power Electronics Market
- 9.6.3. Japan Power Electronics Market
- 9.6.4. Australia Power Electronics Market
- 9.6.5. South Korea Power Electronics Market
- 9.6.6. Rest of Asia Pacific Power Electronics Market
9.7. Latin America Power Electronics Market Snapshot
- 9.7.1. Brazil Power Electronics Market
- 9.7.2. Mexico Power Electronics Market
9.8. Middle East & Africa Power Electronics Market
- 9.8.1. Saudi Arabia Power Electronics Market
- 9.8.2. South Africa Power Electronics Market
- 9.8.3. Rest of Middle East & Africa Power Electronics Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. ON Semiconductor Corporation
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. ABB Ltd.
- 10.3.3. Infineon Technologies AG
- 10.3.4. Texas instruments Inc.
- 10.3.5. ROHM Co. Ltd
- 10.3.6. STMicroelectronics NV
- 10.3.7. Renesas electronic corporation
- 10.3.8. Vishay Intertechnologies Inc.
- 10.3.9. Toshiba Corporation
- 10.3.10. Mitsubishi Electric Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Power Electronics Market, report scope
TABLE 2. Global Power Electronics Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Power Electronics Market estimates & forecasts by Device Type 2020-2030 (USD Billion)
TABLE 4. Global Power Electronics Market estimates & forecasts by Material 2020-2030 (USD Billion)
TABLE 5. Global Power Electronics Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Power Electronics Market estimates & forecasts by End Use 2020-2030 (USD Billion)
TABLE 7. Global Power Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power Electronics Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Power Electronics Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Power Electronics Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Power Electronics Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Power Electronics Market
TABLE 72. List of primary sources, used in the study of global Power Electronics Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Power Electronics Market, research methodology
FIG 2. Global Power Electronics Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power Electronics Market, key trends 2022
FIG 5. Global Power Electronics Market, growth prospects 2023-2030
FIG 6. Global Power Electronics Market, porters 5 force model
FIG 7. Global Power Electronics Market, pest analysis
FIG 8. Global Power Electronics Market, value chain analysis
FIG 9. Global Power Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Power Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Power Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Power Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Power Electronics Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Power Electronics Market, regional snapshot 2020 & 2030
FIG 15. North America Power Electronics Market 2020 & 2030 (USD Billion)
FIG 16. Europe Power Electronics Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Power Electronics Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Power Electronics Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Power Electronics Market 2020 & 2030 (USD Billion)