$50+ Billion Power Electronics Market - Global Forecast to 2023

Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Power Electronics Market by Material, Device Type (Discrete, Module, and IC), Application, Vertical (ICT, Consumer Electronics, Energy and Power, Industrial, Automotive, and Aerospace & Defense), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The power electronics market is expected to grow from USD 39.03 billion in 2018 to USD 51.01 billion by 2023, at a CAGR of 5.5% between 2018 and 2023.

Growing demand for energy-efficient battery-powered portable devices and upgrade of power infrastructure are the major drivers for the power electronics market growth, while complex design and integration process for advanced technological devices restrain the growth of the power electronics market.

This growth is attributed to the increasing use of power devices in automotive and industrial verticals. The market for power discrete in transportation applications is showing significant growth, as the production of hybrid and electric vehicles is growing at a high pace. Moreover, to reduce power consumption, power discrete devices are used in majority of the verticals such as energy & power, ICT, consumer electronics, automotive, industrial, and others.

The advent of electric vehicles (EVs) is one of the most important steps of environment conservation. These vehicles do not use any fuel and, thus, do not emit harmful gases. This factor has accelerated the growth of the electric vehicles market. As these vehicles completely rely on electrical power supply, the use of electronic devices is more in these vehicles. These devices are poised to have a greater impact on the power electronics market in the coming years.

The continuous demand for power in the industrial vertical plays a crucial role in the adoption of power electronics. The increasing demand for HVDC grids in China and India and the adoption of Greenfield projects for generating energy from renewable sources are expected to drive the growth of the power electronics market in APAC. Moreover, the automobile vertical plays a vital role in the power electronics market as it is one of the fastest-growing verticals in APAC.

Key Topics Covered:

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Overall Power Electronics Market
4.2 Power Electronics Market, By Device Type
4.3 Power Electronics Market, By Application and Country
4.4 Power Electronics Market, By Application
4.5 Power Electronics Market, By Vertical
4.6 Power Electronics Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Upgrade of Power Infrastructure and Focus Toward the Use of Renewable Power Sources
5.2.1.2 Growing Demand for Energy-Efficient Battery-Powered Portable Devices
5.2.2 Restraints
5.2.2.1 Complex Design and Integration Process for Advanced Technological Devices
5.2.3 Opportunities
5.2.3.1 Growing Demand for HEVs and EVs
5.2.3.2 Growing Industrialization in Developing Economies
5.2.4 Challenges
5.2.4.1 Manufacturers Struggling to Cope With Frequently Changing Demand for More Compact and Efficient Devices at Low Prices

6 Power Electronics Market, By Material
6.1 Introduction
6.2 Silicon (Si)
6.3 Silicon Carbide (SiC)
6.4 Gallium Nitride (GaN)
6.5 Others

7 Power Electronics Market, By Device Type
7.1 Introduction
7.2 Power Discrete
7.2.1 Diode
7.2.1.1 Pin Diode
7.2.1.2 Zener Diode
7.2.1.3 Schottky Diode
7.2.2 Transistor
7.2.2.1 Bipolar Junction Transistor (BJT)
7.2.2.2 Insulated Gate Bipolar Transistor (IGBT)
7.2.2.3 Field Effect Transistor (FET)
7.2.3 Thyristor
7.3 Power Module
7.3.1 Intelligent Power Module (IPM)
7.3.2 Power Integrated Module (PIM)
7.3.2.1 Mosfet Module
7.3.2.2 IGBT Module
7.4 Power IC
7.4.1 Power Management IC
7.4.2 Application-Specific IC

8 Power Electronics Market, By Application
8.1 Introduction
8.2 Power Management
8.3 Drives
8.4 UPS
8.5 Rail Traction
8.6 Transportation
8.7 Renewable
8.8 Others

9 Power Electronics Market, By Vertical
9.1 Introduction
9.2 ICT
9.3 Consumer Electronics
9.4 Energy and Power
9.5 Industrial
9.6 Automotive
9.7 Aerospace and Defense
9.8 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis of Players in the Power Electronics Market
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Agreements, Partnerships, Contracts, and Collaborations
11.3.3 Mergers & Acquisitions
11.3.4 Expansions

12 Company Profiles
12.1 Key Players
12.1.1 Infineon Technologies
12.1.2 Texas Instruments
12.1.3 On Semiconductor
12.1.4 STMicroelectronics
12.1.5 Mitsubishi Electric
12.1.6 Fuji Electric
12.1.7 Renesas Electronics
12.1.8 Toshiba
12.1.9 NXP Semiconductors
12.1.10 Vishay Intertechnology
12.2 Other Key Players
12.2.1 Maxim Integrated Products
12.2.2 Semikron
12.2.3 ABB
12.2.4 Hitachi
12.2.5 Analog Devices
12.2.6 ROHM Semiconductor
12.2.7 Microsemi Corporation
12.2.8 Littelfuse
12.2.9 Microchip Technology
12.2.10 Danfoss

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