Industry Insights
Power
electronics market is solid-state circuit
that control electric power in efficient manner. The emerging demand for
energy-efficient, battery powered devices and use of electronics in different
industries is likely to fuel market globally over a forecast period. In 2016,
the market size of power electronics was valued at USD 32.33 globally.
The growing trend of energy
harvesting, usage of renewable energy sources are key reasons that are
anticipated in growth of industry in coming period. The use of power
electronics in electric vehicle is also considered to be important in market
growth.
Power electronics is a
circuit that is used to control and conversion of electric power. A rectifier
is a common device that is used in many consumer electronics devices such as
computer, battery charger and television set.
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At present, the power
electronics has applications in electric cars and hybrid electric vehicles to
avoid power loss. Electric trains, elevators also make use of power electronics
that has ability to regulate energy flow into unidirectional and bidirectional
depending on usage.
The rapid adoption of new
technology for efficient energy usage is major driver for power electronics
market. Aerospace & defense, consumer electronics, automobile sector are
areas where power electronics are used widely.
Government initiatives to
opt for renewable energy at all platforms, faster switching, rise in demand for
higher efficiency are other additional factors that are expected to boost the
market growth and is expected to create new opportunities.
Material Insights
The global market is
further subdivided on basis of material such as sapphire, silicon, gallium
nitride and silicon carbide. In 2016, among above the silicon accounted highest
market share and is expected to dominate over next seven years owing to the
fact that silicon is key element in power electronics and is used in almost
every circuit.
From 2017 to 2025, sapphire
segment is expected to grow at highest CAGR providing great opportunities for
manufacturer and supplier. Sapphire is used in devices such as LED lights,
smart watches and optical wafers.
There has been significant
increase in demand of consumer electronics such as smart watches, smartphone
and home appliances which will have positive impact on sapphire segment as its
applicability is increasing across different products.
Regional Insights
In 2016, the Asia Pacific
region dominated in terms of market share which was about 40% and it is
expected to continue its domination till 2025. This will create huge
opportunities in different sectors mainly automobile and ICT.
Government initiatives, low
cost and operational benefits in emerging economies like India, Singapore,
South Korea and china are attracting key players in market to set up their
manufacturing unit. The region has emerged has a promising manufacturing hub
for electronics and is boosting manufacturing activities in region. The above
factors mentioned is expected to drive market in Asia pacific region.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Power Electronics Market: Market Variables, Trends & Scope
Chapter
4 Power Electronics Market: Product Estimates & Trend Analysis
Chapter
5 Power Electronics Market: Application Estimates & Trend Analysis
Chapter
6 Power Electronics Market: End-use Estimates & Trend Analysis
Chapter
7 Power Electronics Market: Industrial End-use Estimates & Trend Analysis
Chapter
8 Power Electronics Market: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Power Electronics Market: Manufacturers Company Profiles
Top Key Players of Global Power
Electronics Market :
Texas Instruments, Inc.,
Infineon Technologies AG, Mitsubishi Electric Corp, Qualcomm Inc. and Fuji
Electric Co.
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