Power Electronics Market Size and Forecast, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type, Material, and Industry Vertical

List of Tables

The power electronics market is expected to grow from US$ 43.37 billion in 2022 and is expected to reach US$ 65.36 billion by 2030; it is estimated to record a CAGR of 5.3% from 2022 to 2030.

Power electronics plays an important role in various aspects of the information & communication technology (ICT) industry. Power electronics circuits convert the alternating current (AC) from the grid to the direct current (DC) needed for various ICT devices. This is achieved using diode rectifiers, thyristors, and switching transistors in various configurations. Additionally, power electronics converters adjust the DC voltage to specific levels required by different components within an ICT system. This is vital for efficient operation and prevents damage to sensitive electronics. Boost converters, buck converters, and buck-boost converters are employed for DC-DC conversion. Power electronics advancements continue to drive innovation and improve efficiency in various ICT applications. As the demand for faster, more reliable, and sustainable ICT infrastructure increases, the role of power electronics will become even more crucial in the coming years.

Global power electronics market size is segmented by material into silicon (SI), silicon carbide (SIC), gallium nitride (GAN), and others. The silicon (SI) segment is projected to grow during the forecast period. Silicon-based power electronics have numerous applications in a wide range of industries and gadgets. Their adaptability enables them to be customized to perform a variety of functions, including rectification, amplification, and switching in a wide range of electronic systems. The ease with which silicon-based devices can be integrated into existing electronic systems is an important aspect for manufacturers seeking to incorporate power electronics into several products and applications. These factors are anticipated to drive the power electronics market growth.

Asia Pacific is anticipated to lead the market, with the greatest CAGR throughout the forecast period. The significant presence of consumer electronics can be linked to the market's expansion in Asia Pacific. In countries such as Japan, China, and South Korea, the information and communication technology (ICT), industrial, and automotive industries in South Korea, the market is gaining traction.

Renewable energy infrastructure development is a critical factor driving the overall market. Moreover, the expanding population in developing countries, particularly China and India, which is increasing the deployment of communication infrastructure, is expected to fuel the market expansion for power electronics in the region during the forecast period. The presence of well-established power electronics market players such as Renesas Electronics Corporation, Fuji Electric Co., and Toshiba Corporation in Asia Pacific increases the market growth. Furthermore, the development of Chinese firms such as BYO, Huawei, CRRC, and Sungrow is strengthening the domestic power electronics sector in China.

Infineon Technologies AG, Semiconductor Components Industries, L.L.C. (On Semiconductor), STMicroelectronics NV, Mitsubishi Electric Corp, Fuji Electric Co Ltd, ROHM Co Ltd, Renesas Electronics Corp, Littelfuse, Inc, Toshiba Electronic Devices & Storage Corp, and Vishay Intertechnology Inc are among the key market players profiled in this market study. Several other essential power electronics market players were analyzed for a holistic view of the market and its ecosystem.

The overall power electronics market size has been derived using both primary and secondary sources. To begin the power electronics market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the power electronics market. The process also serves the purpose of obtaining an overview and market forecast of the power electronics market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the power electronics market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the power electronics market.
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The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the power electronics market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
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Product Code: TIPEL00002271

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Power Electronics Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in Value Chain:

5. Power Electronics Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Integration of SiC-based Power Electronics in Electric Vehicles
- 5.1.2 Rising Demand for Power-efficient and High-energy Devices
5.2 Market Restraints
- 5.2.1 Complexities Associated with the Product Design and Integration Process
5.3 Market Opportunities
- 5.3.1 Increasing Demand for AI-based Power Electronics
5.4 Future Trends
- 5.4.1 Growing Adoption of Smart Grid Technology
5.5 Impact of Drivers and Restraints:

6. Power Electronics Market - Global Market Analysis

6.1 Power Electronics Market Overview
6.2 Power Electronics Market Revenue (US$ Million), 2022 - 2030
6.3 Power Electronics Market Forecast and Analysis

7. Power Electronics Market Analysis - Type

7.1 Power Discrete
- 7.1.1 Overview
- 7.1.2 Power Discrete Market Revenue and Forecasts To 2030 (US$ Million)
7.2 Power Module
- 7.2.1 Overview
- 7.2.2 Power Module Market Revenue and Forecasts To 2030 (US$ Million)
7.3 Power IC
- 7.3.1 Overview
- 7.3.2 Power IC Market Revenue and Forecasts To 2030 (US$ Million)

8. Power Electronics Market Analysis - Material

8.1 Silicon (SI)
- 8.1.1 Overview
- 8.1.2 Silicon (SI) Market Revenue and Forecasts To 2030 (US$ Million)
8.2 Silicon Carbide (SIC)
- 8.2.1 Overview
- 8.2.2 Silicon Carbide (SIC) Market Revenue and Forecasts To 2030 (US$ Million)
8.3 Gallium Nitride (GAN)
- 8.3.1 Overview
- 8.3.2 Gallium Nitride (GAN) Market Revenue and Forecasts To 2030 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

9. Power Electronics Market Analysis - Industry Vertical

9.1 ICT
- 9.1.1 Overview
- 9.1.2 ICT Market Revenue and Forecasts To 2030 (US$ Million)
9.2 Automotive and Transportation
- 9.2.1 Overview
- 9.2.2 Automotive and Transportation Market Revenue and Forecasts To 2030 (US$ Million)
9.3 Consumer Electronics
- 9.3.1 Overview
- 9.3.2 Consumer Electronics Market Revenue and Forecasts To 2030 (US$ Million)
9.4 Industrial
- 9.4.1 Overview
- 9.4.2 Industrial Market Revenue and Forecasts To 2030 (US$ Million)
9.5 Energy and Power
- 9.5.1 Overview
- 9.5.2 Energy and Power Market Revenue and Forecasts To 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

10. Power Electronics Market - Geographical Analysis

10.1 North America
- 10.1.1 North America Power Electronics Market Overview
- 10.1.2 North America Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.3 North America Power Electronics Market Breakdown by Type
  - 10.1.3.1 North America Power Electronics Market Revenue and Forecasts To 2030 (US$ Mn) - By Type
- 10.1.4 North America Power Electronics Market Breakdown by Material
  - 10.1.4.1 North America Power Electronics Market Revenue and Forecasts To 2030 (US$ Mn) - By Material
- 10.1.5 North America Power Electronics Market Breakdown by Industry Vertical
  - 10.1.5.1 North America Power Electronics Market Revenue and Forecasts To 2030 (US$ Mn) - By Industry Vertical
- 10.1.6 North America Power Electronics Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.6.1 US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.1.1 US Power Electronics Market Breakdown by Type
    - 10.1.6.1.2 US Power Electronics Market Breakdown by Material
    - 10.1.6.1.3 US Power Electronics Market Breakdown by Industry Vertical
  - 10.1.6.2 Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.2.1 Canada Power Electronics Market Breakdown by Type
    - 10.1.6.2.2 Canada Power Electronics Market Breakdown by Material
    - 10.1.6.2.3 Canada Power Electronics Market Breakdown by Industry Vertical
  - 10.1.6.3 Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.3.1 Mexico Power Electronics Market Breakdown by Type
    - 10.1.6.3.2 Mexico Power Electronics Market Breakdown by Material
    - 10.1.6.3.3 Mexico Power Electronics Market Breakdown by Industry Vertical
10.2 Europe
- 10.2.1 Europe Power Electronics Market Overview
- 10.2.2 Europe Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 Europe Power Electronics Market Breakdown by Type
  - 10.2.3.1 Europe Power Electronics Market Revenue and Forecasts and Analysis - By Type
- 10.2.4 Europe Power Electronics Market Breakdown by Material
  - 10.2.4.1 Europe Power Electronics Market Revenue and Forecasts and Analysis - By Material
- 10.2.5 Europe Power Electronics Market Breakdown by Industry Vertical
  - 10.2.5.1 Europe Power Electronics Market Revenue and Forecasts and Analysis - By Industry Vertical
- 10.2.6 Europe Power Electronics Market Revenue and Forecasts and Analysis - By Countries
  - 10.2.6.1 Germany Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.1.1 Germany Power Electronics Market Breakdown by Type
    - 10.2.6.1.2 Germany Power Electronics Market Breakdown by Material
    - 10.2.6.1.3 Germany Power Electronics Market Breakdown by Industry Vertical
  - 10.2.6.2 France Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.2.1 France Power Electronics Market Breakdown by Type
    - 10.2.6.2.2 France Power Electronics Market Breakdown by Material
    - 10.2.6.2.3 France Power Electronics Market Breakdown by Industry Vertical
  - 10.2.6.3 Italy Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.3.1 Italy Power Electronics Market Breakdown by Type
    - 10.2.6.3.2 Italy Power Electronics Market Breakdown by Material
    - 10.2.6.3.3 Italy Power Electronics Market Breakdown by Industry Vertical
  - 10.2.6.4 UK Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.4.1 UK Power Electronics Market Breakdown by Type
    - 10.2.6.4.2 UK Power Electronics Market Breakdown by Material
    - 10.2.6.4.3 UK Power Electronics Market Breakdown by Industry Vertical
  - 10.2.6.5 Russia Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.5.1 Russia Power Electronics Market Breakdown by Type
    - 10.2.6.5.2 Russia Power Electronics Market Breakdown by Material
    - 10.2.6.5.3 Russia Power Electronics Market Breakdown by Industry Vertical
  - 10.2.6.6 Rest of Europe Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.6.1 Rest of Europe Power Electronics Market Breakdown by Type
    - 10.2.6.6.2 Rest of Europe Power Electronics Market Breakdown by Material
    - 10.2.6.6.3 Rest of Europe Power Electronics Market Breakdown by Industry Vertical
10.3 Asia Pacific Power Electronics Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Power Electronics Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.3 Asia Pacific Power Electronics Market Breakdown by Type
  - 10.3.3.1 Asia Pacific Power Electronics Market Revenue and Forecasts and Analysis - By Type
- 10.3.4 Asia Pacific Power Electronics Market Breakdown by Material
  - 10.3.4.1 Asia Pacific Power Electronics Market Revenue and Forecasts and Analysis - By Material
- 10.3.5 Asia Pacific Power Electronics Market Breakdown by Industry Vertical
  - 10.3.5.1 Asia Pacific Power Electronics Market Revenue and Forecasts and Analysis - By Industry Vertical
- 10.3.6 Power Electronics Market Breakdown by Countries
  - 10.3.6.1 Australia Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.1.1 Australia Power Electronics Market Breakdown by Type
    - 10.3.6.1.2 Australia Power Electronics Market Breakdown by Material
    - 10.3.6.1.3 Australia Power Electronics Market Breakdown by Industry Vertical
  - 10.3.6.2 China Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.2.1 China Power Electronics Market Breakdown by Type
    - 10.3.6.2.2 China Power Electronics Market Breakdown by Material
    - 10.3.6.2.3 China Power Electronics Market Breakdown by Industry Vertical
  - 10.3.6.3 Japan Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.3.1 Japan Power Electronics Market Breakdown by Type
    - 10.3.6.3.2 Japan Power Electronics Market Breakdown by Material
    - 10.3.6.3.3 Japan Power Electronics Market Breakdown by Industry Vertical
  - 10.3.6.4 India Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.4.1 India Power Electronics Market Breakdown by Type
    - 10.3.6.4.2 India Power Electronics Market Breakdown by Material
    - 10.3.6.4.3 India Power Electronics Market Breakdown by Industry Vertical
  - 10.3.6.5 South Korea Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.5.1 South Korea Power Electronics Market Breakdown by Type
    - 10.3.6.5.2 South Korea Power Electronics Market Breakdown by Material
    - 10.3.6.5.3 South Korea Power Electronics Market Breakdown by Industry Vertical
  - 10.3.6.6 Rest of Asia Pacific Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.6.6.1 Rest of Asia Pacific Power Electronics Market Breakdown by Type
    - 10.3.6.6.2 Rest of Asia Pacific Power Electronics Market Breakdown by Material
    - 10.3.6.6.3 Rest of Asia Pacific Power Electronics Market Breakdown by Industry Vertical
10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Power Electronics Market Overview
- 10.4.2 Middle East & Africa Power Electronics Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.3 Middle East & Africa Power Electronics Market Breakdown by Type
  - 10.4.3.1 Middle East & Africa Power Electronics Market and Forecasts and Analysis - By Type
- 10.4.4 Middle East & Africa Power Electronics Market Breakdown by Material
  - 10.4.4.1 Middle East & Africa Power Electronics Market and Forecasts and Analysis - By Material
- 10.4.5 Middle East & Africa Power Electronics Market Breakdown by Industry Vertical
  - 10.4.5.1 Middle East & Africa Power Electronics Market and Forecasts and Analysis - By Industry Vertical
- 10.4.6 Middle East & Africa Power Electronics Market Revenue and Forecasts and Analysis - By Countries
  - 10.4.6.1 South Africa Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.1.1 South Africa Power Electronics Market Breakdown by Type
    - 10.4.6.1.2 South Africa Power Electronics Market Breakdown by Material
    - 10.4.6.1.3 South Africa Power Electronics Market Breakdown by Industry Vertical
  - 10.4.6.2 Saudi Arabia Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.2.1 Saudi Arabia Power Electronics Market Breakdown by Type
    - 10.4.6.2.2 Saudi Arabia Power Electronics Market Breakdown by Material
    - 10.4.6.2.3 Saudi Arabia Power Electronics Market Breakdown by Industry Vertical
  - 10.4.6.3 UAE Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.3.1 UAE Power Electronics Market Breakdown by Type
    - 10.4.6.3.2 UAE Power Electronics Market Breakdown by Material
    - 10.4.6.3.3 UAE Power Electronics Market Breakdown by Industry Vertical
  - 10.4.6.4 Rest of Middle East & Africa Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.4.1 Rest of Middle East & Africa Power Electronics Market Breakdown by Type
    - 10.4.6.4.2 Rest of Middle East & Africa Power Electronics Market Breakdown by Material
    - 10.4.6.4.3 Rest of Middle East & Africa Power Electronics Market Breakdown by Industry Vertical
10.5 South & Central America
- 10.5.1 South & Central America Power Electronics Market Overview
- 10.5.2 South & Central America Power Electronics Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.3 South & Central America Power Electronics Market Breakdown by Type
  - 10.5.3.1 South & Central America Power Electronics Market and Forecasts and Analysis - By Type
- 10.5.4 South & Central America Power Electronics Market Breakdown by Material
  - 10.5.4.1 South & Central America Power Electronics Market and Forecasts and Analysis - By Material
- 10.5.5 South & Central America Power Electronics Market Breakdown by Industry Vertical
  - 10.5.5.1 South & Central America Power Electronics Market Revenue and Forecasts and Analysis - By Industry Vertical
- 10.5.6 South & Central America Power Electronics Market Revenue and Forecasts and Analysis - By Countries
  - 10.5.6.1 Brazil Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.1.1 Brazil Power Electronics Market Breakdown by Type
    - 10.5.6.1.2 Brazil Power Electronics Market Breakdown by Material
    - 10.5.6.1.3 Brazil Power Electronics Market Breakdown by Industry Vertical
  - 10.5.6.2 Argentina Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.2.1 Argentina Power Electronics Market Breakdown by Type
    - 10.5.6.2.2 Argentina Power Electronics Market Breakdown by Material
    - 10.5.6.2.3 Argentina Power Electronics Market Breakdown by Industry Vertical
  - 10.5.6.3 Rest of South & Central America Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.6.3.1 Rest of South & Central America Power Electronics Market Breakdown by Type
    - 10.5.6.3.2 Rest of South & Central America Power Electronics Market Breakdown by Material
    - 10.5.6.3.3 Rest of South & Central America Power Electronics Market Breakdown by Industry Vertical

11. Power Electronics Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Infineon Technologies AG
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Semiconductor Components Industries, L.L.C. (On Semiconductor)
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 STMicroelectronics NV
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Mitsubishi Electric Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Fuji Electric Co Ltd
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 ROHM Co Ltd
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Renesas Electronics Corp
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Littelfuse, Inc
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Toshiba Electronic Devices & Storage Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Vishay Intertechnology Inc
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 Word Index