DUBLIN–(BUSINESS WIRE)–The report “Power Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global power electronics market reached a value of US$27.8 billion in 2021. Looking ahead, the publisher expects the market to reach US$39.9 billion. by 2027, with a CAGR of 6.48% in 2022-2027.

Companies cited

• ABB Ltd.

• Analog Devices Inc.

• Fuji Electric Co.Ltd.

• Infineon Technologies SA

• Microchip Technology Inc.

• Mitsubishi Electric Corporation

• NXP Semiconductors AG

• Renesas Electronics Corporation

• ROHM Co.Ltd.

• STMicroelectronics

• Texas Instruments Incorporated

• Toshiba Company

• Vishay Intertechnology Inc.

Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.

Power electronics involves the study, analysis, and design of circuits that convert electrical energy from one form to another. It is widely used in consumer electronics, such as televisions (TVs), personal computers (PCs), and battery chargers. Nowadays, several manufacturers are introducing modern power electronics in which electrical energy is converted using semiconductor switching devices. Some of these switching devices include diodes, thyristors, and power metal-oxide-semiconductor field-effect transistor (MOSFET) and insulated-gate bipolar transistor (IGBT).

The growing reliance on consumer electronics due to rapid urbanization and increasing disposable income represents one of the major factors positively influencing the application of power electronics in voltage regulators. fan, dimmers, air conditioners, induction cooking, emergency lights, vacuum cleaners and uninterrupted power. systems (UPS). Additionally, increasing adoption of electronic devices, such as pumps, blowers, elevators, rotary kilns, arc furnaces, and compressors, in textile mills and other manufacturing units is fueling the growth of the market. .

Apart from that, it is used in automotive industry to activate electric power steering, interior lighting, brake system, seat control and central body control in vehicles. This, in conjunction with the growing demand for safe, luxurious and smart vehicles with integrated infotainment systems, is contributing to the growth of the market. Additionally, increasing construction and mining activities are driving the use of power electronics in all-terrain vehicles (OTRs). It is also gaining traction in the defense, aerospace and spacecraft industries around the world to provide power and advanced control for aircraft, satellites, missiles, space shuttles and unmanned aerial vehicles. pilot (UAV). Additionally, the growing need for renewable energy sources due to inflation in the prices of conventional energy sources and growing environmental concerns is expanding the applications of power electronics in solar and wind panels.

Answers to key questions in this report:

• How has the global power electronics market behaved so far and how will it behave in the years to come?

• What has been the impact of COVID-19 on the global power electronics market?

• What are the main regional markets?

• What is the market breakdown based on device?

• What is the market breakdown based on material?

• What is the market breakdown by application?

• What is the breakdown of the market by voltage?

• What is the market breakdown by end-use industry?

• What are the different stages of the industry value chain?

• What are the key drivers and challenges in the industry?

• What is the structure of the global power electronics market and who are the main players?

• How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

4.1 Overview

4.2 Key Industry Trends

5 Global power electronics market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakdown by Device

7 Market Breakdown by Material

8 Market Breakdown by Application

9 Market Breakdown by Voltage

10 Market Breakdown by End-Use Industry

11 Market Breakdown by Region

12 SWOT Analysis

13 Value chain analysis

14 Analysis of the five forces of carriers

15 Price Analysis

16 Competitive landscape

16.1 Market structure

16.2 Key Players

16.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/6gu9l8