PUBLISHER: Lucintel | PRODUCT CODE: 1323284
PUBLISHER: Lucintel | PRODUCT CODE: 1323284
The future of the global power electronic market looks promising with opportunities in the consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), and aerospace & defense markets. The global power electronic market is expected to reach an estimated $36.1 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are growing demand for automation technology, rising demand in the field of power infrastructure and energy-efficient battery-power portable devices, along with increasing inclination towards industry 4.0 across the globe.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global power electronic market by type, material, end use industry, and region, as follows:
Power Electronic Market by Type [Shipment Analysis by Value from 2017 to 2028]:
Power Electronic Market by Material [Shipment Analysis by Value from 2017 to 2028]:
Power Electronic Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Power Electronic Market by Region [Shipment Analysis by Value from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies power electronic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the power electronic companies profiled in this report include.
FAQ
Q1. What is the power electronic market size?
Answer: The global power electronic market is expected to reach an estimated $36.1 billion by 2028.
Q2. What is the growth forecast for power electronic market?
Answer: The global power electronic market is expected to grow with a CAGR of 6.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the power electronic market?
Answer: The major drivers for this market are growing demand for automation technology, rising demand in the field of power infrastructure, and energy-efficient battery-power portable devices, along with increasing inclination towards industry 4.0 across the globe.
Q4. What are the major segments for power electronic market?
Answer: The future of the global power electronic market looks promising with opportunities in the consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), and aerospace & defense markets.
Q5. Who are the key power electronic companies?
Answer: Some of the key power electronic companies are as follows:
Q6. Which power electronic segment will be the largest in future?
Answer:Lucintel forecasts that power module will remain the highest growing segment over the forecast period because of rising demand for innovative power modules along with increasing need for efficient power systems significantly owing to growing awareness towards renewable energy sources and various initiatives taken by the government to promote this energy sources.
Q7. In power electronic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid industrialization, growing demand for power modules, and rising focus on renewable power sources across various end use industries of this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.