#Power Electronics Market

[industrynewsupdates]

Power Electronics Market Size, Share And Trends Analysis Report

The global power electronics market size is expected to reach USD 53.66 billion by 2030, registering to grow at a CAGR of 5.2% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in the alteration of electric power, which is usually performed by semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and upgrades, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing the market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Power Electronics Market

Power Electronics Market Report Highlights

• The global power electronics market was valued at USD 38.12 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030

• The silicon (Si) segment held the largest market revenue share of 88.9% in 2023. The demand for silicon in the power electronics market is increasing due to its essential properties that meet the growing needs of high-efficiency and high-performance applications. Silicon's ability to withstand high temperatures and voltages and its superior electrical conductivity and thermal stability make it suitable for power devices like transistors, diodes, and integrated circuits

• IC segment dominated the market in 2023. The increasing utilization of smart systems and electric vehicles due to technological progress boosts the need for power electronics. These gadgets depend on effective power transformation and management systems supplied by ICs.

• Automotive segment is projected to grow at the fastest CAGR over the forecast period. The shift towards electric vehicles (EVs) and hybrid vehicles is a primary driver, as these vehicles rely heavily on power electronics for efficient energy management, battery charging, and motor control.

Power Electronics Market Segmentation

Grand View Research has segmented the global power electronics market based on material, device, application, and region:

Power Electronics Material Outlook (Revenue, USD Million, 2018 - 2030)

• Silicon (Si)

• Sapphire

• Silicon Carbide (SiC)

• Gallium Nitride (GaN)

• Others

Power Electronics Device Outlook (Revenue, USD Million, 2018 - 2030)

• Discrete

• Module

• IC

Power Electronics Application Outlook (Revenue, USD Million, 2018 - 2030)

• ICT

• Consumer Electronics

• Power

• Industrial

• Automotive

• Aerospace & Defense

• Others

Power Electronics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U. S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o Japan

o China

o India

o Australia

o South Korea

• Latin America

o Brazil

• Middle East and Africa (MEA)

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Power Electronics Market Intelligence Study, published by Grand View Research.

[semiconductorsandelectronics]

The power electronics market is projected to grow from USD 46.2 billion in 2023 to USD 61.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028. 

[marketwire]

The Digital Power Electronics Market size is estimated to reach US$42.8 billion by 2027, growing at a CAGR of 5.1% from 2022 to 2027. The emphasis on renewable energy in power generation, the rising acceptance of automation and industry 4.0 is fueling the growth of the Digital Power Electronics Industry. Additionally, the growing demand for consumer electronics and electric vehicles is also propelling the demand for digital power electronics, thereby expanding the market size. Different substrate materials such as Gallium Nitride, Silicon Carbide, Silicon and Sapphire are being used in making digital power IP cores and microcontrollers which effectively increase the functionality of integrated circuits, thereby making digital power electronics components more lucrative

[rushikesh-d]

Automotive Power Electronics Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Power Electronics Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Power Electronics Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Power Electronics Market is experiencing robust growth driven by the expanding globally. The Automotive Power Electronics Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Power Electronics Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Automotive Power Electronics Market Size, Share & Industry Analysis, By Electric Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Application (Chassis & Powertrain, Infotainment & Telematics, Body Electronics), By Component Type (Microcontroller Unit, Power Integrated Unit), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2021-2028

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102210

Key Strategies

Key strategies in the Automotive Power Electronics Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Power Electronics Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Power Electronics Market.

Major Automotive Power Electronics Market Manufacturers covered in the market report include:

The major players that are present in the global automotive power electronics market include Robert Bosch GmbH (Germany), Danfoss Group (Denmark), NXP Semiconductors (Netherlands), Continental AG (Germany), Qualcomm Inc. (U.S.), among others.

The increasing demand for electric vehicles from the developed regions is also expected to boost the power electronics market over the forecast period. The growing vehicle electrification is also ex[ected to drive the market over the forecast period. However, the high cost of electric vehicles is likely to hamper the market growth in this region.

Trends Analysis

The Automotive Power Electronics Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Power Electronics Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Power Electronics Market Solutions.

Regions Included in this Automotive Power Electronics Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Power Electronics Market.

- Changing the Automotive Power Electronics Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Power Electronics Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Power Electronics Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2025 to 2032?

► What are the key market dynamics influencing growth in the Global Automotive Power Electronics Market?

► Who are the prominent players in the Global Automotive Power Electronics Market?

► What is the consumer perspective in the Global Automotive Power Electronics Market?

► What are the key demand-side and supply-side trends in the Global Automotive Power Electronics Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Power Electronics Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Power Electronics Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[mohitbisresearch]

The shipboard power system market is evaluated at a valuation of $1.78 billion in 2024 and is projected to expand at a CAGR of 7.33% to reach $3.61 billion by 2034.

[marketresearcharticles]

https://datagururesearchpartners.com/global-sic-power-device-market-trends-forecast-2022-2031/

The Global SiC Power Device Market is experiencing rapid growth, driven by the increasing demand for energy-efficient, high-performance power electronics. Valued at USD 3.16 billion in 2023, the market is projected to reach USD 25.8 billion by 2031, growing at a robust CAGR of 30.0% during the forecast period (2022-2031). SiC power devices are ideal for applications in electric vehicles, renewable energy, industrial automation, and power management systems due to their ability to operate at higher temperatures, voltages, and frequencies compared to traditional silicon-based devices. Leading companies such as ROHM Semiconductor, Infineon Technologies, and Mitsubishi Electric are driving innovations in this high-growth market.

If you want to read full report follow the link URL above

[aarunresearcher]

United States industrial PC market size reached USD 1.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.3 Billion by 2033, exhibiting a growth rate (CAGR) of 5.85% during ​2025-2033​. The increasing complexity of industrial processes, along with the growing need for real-time data processing and analysis, is driving the industrial PC market.

[industrynewsupdates]

A Comprehensive Overview of Power Electronics Market Landscape

The global power electronics market size is expected to reach USD 53.66 billion by 2030, registering to grow at a CAGR of 5.2% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in the alteration of electric power, which is usually performed by semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and upgrades, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing the market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Power Electronics Market

Power Electronics Market Report Highlights

• The global power electronics market was valued at USD 38.12 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030

• The silicon (Si) segment held the largest market revenue share of 88.9% in 2023. The demand for silicon in the power electronics market is increasing due to its essential properties that meet the growing needs of high-efficiency and high-performance applications. Silicon's ability to withstand high temperatures and voltages and its superior electrical conductivity and thermal stability make it suitable for power devices like transistors, diodes, and integrated circuits

• IC segment dominated the market in 2023. The increasing utilization of smart systems and electric vehicles due to technological progress boosts the need for power electronics. These gadgets depend on effective power transformation and management systems supplied by ICs.

• Automotive segment is projected to grow at the fastest CAGR over the forecast period. The shift towards electric vehicles (EVs) and hybrid vehicles is a primary driver, as these vehicles rely heavily on power electronics for efficient energy management, battery charging, and motor control.

Power Electronics Market Segmentation

Grand View Research has segmented the global power electronics market based on material, device, application, and region:

Power Electronics Material Outlook (Revenue, USD Million, 2018 - 2030)

• Silicon (Si)

• Sapphire

• Silicon Carbide (SiC)

• Gallium Nitride (GaN)

• Others

Power Electronics Device Outlook (Revenue, USD Million, 2018 - 2030)

• Discrete

• Module

• IC

Power Electronics Application Outlook (Revenue, USD Million, 2018 - 2030)

• ICT

• Consumer Electronics

• Power

• Industrial

• Automotive

• Aerospace & Defense

• Others

Power Electronics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U. S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o Japan

o China

o India

o Australia

o South Korea

• Latin America

o Brazil

• Middle East and Africa (MEA)

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Power Electronics Market Intelligence Study, published by Grand View Research.

[semiconductorsandelectronics]

Power Electronics Market Size, Share, Statistics and Industry Growth Analysis Report by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography - Global Forecast to 2028

[poojagblog-blog]

The global Brushless DC Motor Market is expected to reach USD 17.6 billion by 2028 from USD 12.1 billion in 2023 at a CAGR of 7.9% during the 2023–2028 period according to a new report by MarketsandMarkets™. The increasing adoption of Brushless DC motors is driven by their precise speed control, low maintenance requirements, and high efficiency. Brushless DC motors offer enhanced reliability, reduced electromagnetic interference, and compact designs, making them essential in applications where these attributes are critical, such as in medical devices, aerospace, and automation equipment.

[nextmscblog]

The global Power Electronics Market size was valued at USD 36.9 billion in 2022 and is predicted to reach USD 74.3 billion by 2030 with a CAGR of 9.2% from 2022-2030.

[dh5ryxhgbctgr]

Electron Beam Power Market Analysis and Future Growth Insights 2024 - 2032

The electron beam power market is an integral part of modern manufacturing and research technologies, playing a vital role in various applications, including materials processing, semiconductor manufacturing, and medical treatments. As industries continue to seek efficient and precise methods for material modification, the demand for electron beam power technologies is increasing. This article explores the electron beam power market, examining key trends, drivers, challenges, and future prospects.

Overview of Electron Beam Power

The electron beam power market is poised for growth as industries increasingly recognize the benefits of advanced electron beam technologies in manufacturing and processing applications.

What Is Electron Beam Power?

Electron beam power refers to the energy produced by electron beams, which are streams of high-energy electrons directed at materials to induce changes in their properties. This technology is used in a variety of applications, including welding, surface treatment, and the curing of coatings.

Key Applications of Electron Beam Power

Materials Processing: Electron beam melting and welding are widely used in industries like aerospace and automotive for their precision and strength.

Semiconductor Manufacturing: Electron beams are essential in the lithography processes used to create integrated circuits.

Medical Treatments: Electron beam technology is employed in cancer treatment (radiotherapy) and sterilization of medical equipment.

Market Dynamics

Current Market Trends

The electron beam power market is influenced by several key trends:

Growing Demand for Advanced Manufacturing: The rise in advanced manufacturing techniques, particularly in aerospace and automotive sectors, is driving the adoption of electron beam technologies.

Increased Focus on Energy Efficiency: Industries are increasingly prioritizing energy-efficient processes, prompting a shift toward electron beam technologies that minimize energy consumption.

Technological Advancements: Innovations in electron beam power systems, including improvements in beam quality and control, are enhancing their applicability across various sectors.

Market Segmentation

The market can be segmented based on:

Type: Low-energy electron beams, high-energy electron beams.

Application: Materials processing, semiconductor manufacturing, medical applications, others.

Region: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Drivers of Market Growth

Expansion of Semiconductor Industry

The rapid growth of the semiconductor industry, fueled by the demand for consumer electronics and smart devices, is a significant driver for the electron beam power market.

Increasing Adoption of Additive Manufacturing

As additive manufacturing technologies gain traction, the demand for electron beam power systems used in powder bed fusion processes is on the rise.

Rising Need for High-Precision Welding

The growing requirement for high-precision welding in critical applications, such as aerospace and defense, is boosting the demand for electron beam welding technologies.

Challenges Facing the Market

High Initial Investment

The cost associated with the installation and maintenance of electron beam systems can be high, posing a barrier for small and medium enterprises.

Technical Complexity

The complexity of electron beam systems requires specialized knowledge for operation and maintenance, which may limit adoption among less experienced manufacturers.

Competition from Alternative Technologies

The presence of alternative technologies, such as laser welding and conventional welding methods, can impede the growth of the electron beam power market.

Future Outlook

Market Projections

The electron beam power market is expected to witness steady growth in the coming years, driven by advancements in technology and increasing demand across various applications.

Innovations on the Horizon

Future developments may include the introduction of more compact and efficient electron beam systems, as well as enhanced automation and control features to improve usability.

Strategic Collaborations

Partnerships between electron beam technology providers, research institutions, and industry players will be crucial for driving innovation and expanding market reach.

Conclusion

While challenges such as high initial investment and competition from alternative technologies exist, the ongoing demand for precision and efficiency will drive the adoption of electron beam power systems. As technological advancements continue to evolve, electron beam power will play an essential role in shaping the future of manufacturing and materials processing across various sectors.