North America Power Electronics Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The North America power electronics market was valued at US$ 12,644.52 million in 2022 and is expected to reach US$ 18,908.48 million by 2030; it is estimated to record a CAGR of 5.2% from 2022 to 2030.

Rising Demand for Power-efficient and High-energy Devices Fuels North America Power Electronics Market

Industrial appliances such as motor drives, power converters, UPSs, and server power supplies consume a large amount of power. Consequently, any improvement in industrial power supply efficiency will result in a significant drop in operating expenses for a business. The demand for high-efficiency power supplies is increasing across the globe due to their improved thermal performance and higher power density. Currently, uninterruptible power supplies are one of the most widely used applications for power semiconductors. Numerous hardware such as computers, communications equipment, data centers, and other electrical equipment are integrated with power semiconductors that protect them against unplanned power outages. The system used for uninterruptible power supplies typically consists of batteries and an IGBT (insulated-gate bipolar transistor) inverter, which have high voltage capabilities. This increases its adoption in high-current-density applications.

High-efficiency power sources are becoming increasingly necessary worldwide. Growing awareness related to efficient energy usage is creating demand for power semiconductors among consumers. Power semiconductors are also becoming an essential component to reduce the carbon footprint of society worldwide. Power semiconductors such as diodes, thyristors, and transistors are highly used for regulating electricity in automotive, consumer electronics, power, energy, ICT, and other industries. Thus, the rising demand for power-efficient and high-energy devices drives the power electronics market

North America Power Electronics Market Overview

The North America power electronics market is segmented into the US, Canada, and Mexico. The power electronics market in North America is experiencing strong and consistent growth due to increasing demand for clean energy. The power electronics play a crucial role in renewable energy generation, transmission, and storage. With an increased focus on sustainability, the demand for power electronics is rising in sectors such as solar, wind, and electric vehicles. In addition, industrial automation and robotics rely heavily on power electronics for efficient control and operation.

Further, the US is the largest power electronics market in North America, followed by Canada and Mexico. The US market is expected to continue to dominate, driven by its large industrial base and strong focus on technological innovation.

Moreover, North America comprises several major market players such as Rockwell Automation, STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, ABB Group, Fuji Electric Co, Infineon Technologies AG, Microsemi Corporation, Mitsubishi, and Renesas Electronics Corporation. These companies invest in research and development activities related to power electronics. Therefore, owing to the above factors, the power electronics market in North America is gaining traction.

North America Power Electronics Market Revenue and Forecast to 2030 (US$ Million)

North America Power Electronics Market Segmentation

The North America power electronics market is categorized into type, material, industry vertical, and country.

Based on type, the North America power electronics market is categorized into power discrete, power module, and power IC. The power module segment held the largest market share in 2022.

In terms of material, the North America power electronics market is categorized into Silicon (SI), Silicon Carbide (SIC), Gallium Nitride (GAN), and others. The Silicon Carbide (SIC) segment held the largest market share in 2022.

By industry vertical, the North America power electronics market is segmented into ICT, automotive & transportation, consumer electronics, industrial, energy & power, and others. The consumer electronics segment held the largest market share in 2022.

By country, the North America power electronics market is segmented into the US, Canada, and Mexico. The US dominated the North America power electronics market share in 2022.

Vishay Intertechnology Inc; Toshiba Electronic Devices & Storage Corp; Littelfuse, Inc; Renesas Electronics Corp; ROHM Co Lt; Fuji Electric Co Ltd; Mitsubishi Electric Corp; STMicroelectronics NV; Semiconductor Components Industries, L.L.C. (On Semiconductor); and Infineon Technologies AG are some of the leading companies operating in the North America power electronics market.

Product Code: BMIRE00030520

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. North America 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. North America Power Electronics Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Increasing Integration of SiC-based Power Electronics in Electric Vehicles
- 5.1.2 Rising Demand for Power-efficient and High-energy Devices
- 5.1.3 Growing Adoption of Consumer Electronic Devices and Appliances Among Consumers
5.2 Market Restraints
- 5.2.1 Complexities Associated with 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 - North America Market Analysis

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

7. North America 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. North America 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. North America 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 & Transportation
- 9.2.1 Overview
- 9.2.2 Automotive & 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 & Power
- 9.5.1 Overview
- 9.5.2 Energy & 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. North America Power Electronics Market - Country 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 and Analysis - By Countries
  - 10.1.2.1 US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.1.1 US Power Electronics Market Breakdown by Type
    - 10.1.2.1.2 US Power Electronics Market Breakdown by Material
    - 10.1.2.1.3 US Power Electronics Market Breakdown by Industry Vertical
  - 10.1.2.2 Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.2.1 Canada Power Electronics Market Breakdown by Type
    - 10.1.2.2.2 Canada Power Electronics Market Breakdown by Material
    - 10.1.2.2.3 Canada Power Electronics Market Breakdown by Industry Vertical
  - 10.1.2.3 Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.3.1 Mexico Power Electronics Market Breakdown by Type
    - 10.1.2.3.2 Mexico Power Electronics Market Breakdown by Material
    - 10.1.2.3.3 Mexico Power Electronics Market Breakdown by Industry Vertical

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

11.1 Pre & Post Covid-19 Impact

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Infineon Technologies AG
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Semiconductor Components Industries, L.L.C. (On Semiconductor)
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 STMicroelectronics NV
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Mitsubishi Electric Corp
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Fuji Electric Co Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 ROHM Co Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Renesas Electronics Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Littelfuse, Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Toshiba Electronic Devices & Storage Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Vishay Intertechnology Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 Word Index