Product Code: 1355
Power Electronics Market is anticipated to register growth through 2032, owing to the rising penetration of advanced computing devices such as laptops, tablets, smartphones, and personal computers. Power electronics are crucial for enhancing device performance and efficient battery management in portable devices. Besides, the ongoing industrial automation, owing to several benefits such as high productivity, high quality, increased flexibility, and lower operating costs, will result in a surge in the implementation of power electronics.
The key providers in the market are engaging in strategic initiatives such as mergers and acquisitions, partnerships, R&D investments, and new product launches to gain a competitive edge in the industry. To cite an instance, in February 2022, Mitsubishi Electric Corporation announced that its U.S. subdivision, Mitsubishi Electric Power Products, has acquired all shares of Computer Protection Technology, Inc., based in San Diego, California. With this acquisition, the firm plans to expand its UPS (uninterruptible power supply) business in North America.
Overall, the power electronics industry is segmented in terms of product, discrete, end-use, and region.
Considering the product, the module segment will grow considerably over 2023-2032 owing to its wide application in motor drives, inverters, and converters for power management. Improved power handling and reliability, ease of installation, removal and replacement, simple heat sinking through the integrated base plate, and simplified circuit implementation, especially with intelligent power modules, are some of the key attributes that will propel the product demand.
Based on discrete, the thyristors segment is anticipated to depict over 2% CAGR through 2032, given the rising adoption of electric vehicles for combating CO2 emissions. As per the Net Zero Emissions by 2050 Scenario estimates, there will be more than 300 million electric cars in 2030, accounting for 60% of new car sales. Besides, thyristors are easy to use, capable of controlling AC power, cost-efficient, and boast the ability to handle large voltage, energy, and current.
By end-use, the automotive and transportation segment is slated to depict 6.5% CAGR over 2023-2032. The increasing power electronics use among automotive OEMs owing to the rising integration of electrical and electronic control systems in vehicles would stimulate the market growth.
Regionally, the Europe power electronics market is expected to exhibit significant growth by 2032 end. The regional market expansion can be attributed to the rising adoption of robotics and factory automation. In addition, the presence of leading manufacturers and OEMs in the region that are focusing on the modernization of their manufacturing facilities by integrating industrial robots to gain a competitive advantage will add impetus to the industry outlook in the future.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Secondary
- 1.4.1.1 Paid sources
- 1.4.1.2 Public sources
- 1.4.2 Primary
- 1.5 Industry glossary
Chapter 2 Executive Summary
- 2.1 Power electronics industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
- 2.3 Regional trends
- 2.4 Product Trends
- 2.5 Application trends
Chapter 3 Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 pandemic
- 3.2.1 Global outlook
- 3.2.2 Regional impact
- 3.2.2.1 North America
- 3.2.2.2 Europe
- 3.2.2.3 Asia Pacific
- 3.2.2.4 Latin America
- 3.2.2.5 MEA
- 3.3 Russia-Ukraine war impact
- 3.4 China- U.S.trade war impact
- 3.5 Industry ecosystem analysis
- 3.5.1 Raw material and component suppliers
- 3.5.2 Manufacturers
- 3.5.3 Distributors
- 3.5.4 End-users (OEMs)
- 3.5.5 Vendor matrix
- 3.6 Profit margin analysis, 2022
- 3.7 Technology & innovation landscape
- 3.7.1 Miniaturization of power engineering electronics modules
- 3.7.2 Adoption of Silicon Carbide (SiC) materials
- 3.7.3 Embedding capacitors in IGBT modules
- 3.7.4 Module-level power electronics (MLPE) in solar module optimization
- 3.7.5 Radio-frequency power components
- 3.8 Patent landscape
- 3.9 Key initiative & news
- 3.10 Regulatory landscape
- 3.10.1 North America
- 3.10.2 Europe
- 3.10.3 Asia Pacific
- 3.10.4 Latin America
- 3.10.5 MEA
- 3.11 Industry impact forces
- 3.11.1 Growth drivers
- 3.11.1.1 Emphasis towards renewable energy in power generation
- 3.11.1.2 Rising trends towards electric vehicles around the globe
- 3.11.1.3 Increasing demand from consumer electronics appliances
- 3.11.1.4 Growing adoption of industrial robots and automation in factories
- 3.11.2 Industry pitfalls & challenges
- 3.11.2.1 Complexity and technical issues
- 3.12 Investment landscape
- 3.13 Growth potential analysis
- 3.14 Porter's analysis
- 3.14.1 Supplier power
- 3.14.2 Buyer power
- 3.14.3 Threat of new entrants
- 3.14.4 Threat of substitutes
- 3.14.5 Internal rivalry
- 3.15 PESTEL analysis
- 3.15.1 Political
- 3.15.2 Economical
- 3.15.3 Social
- 3.15.4 Technological
- 3.15.5 Environmental
- 3.15.6 Legal
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players, 2022
- 4.3.1 Infineon Technologies AG
- 4.3.2 On Semiconductor Corporation
- 4.3.3 STMicroelectronics N.V
- 4.3.4 Mitsubishi Electric Corporation
- 4.3.5 Fuji Electric Co. Ltd
- 4.4 Competitive analysis of prominent players, 2022
- 4.4.1 TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- 4.4.2 Vishay Intertechnology
- 4.4.3 Renesas Electronics
- 4.4.4 ROHM Co., Ltd
- 4.4.5 Microchip Technology Inc.
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Power Electronics Market, By Product
- 5.1 Key trends, by product
- 5.2 Discrete
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Thyristors
- 5.2.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.3 Rectifiers
- 5.2.3.1 Market estimates and forecast, 2018 - 2032
- 5.2.4 Insulated-Gate Bipolar Transistor (IGBT)
- 5.2.4.1 Market estimates and forecast, 2018 - 2032
- 5.2.5 Bipolar Junction Transistor (BJT)
- 5.2.5.1 Market estimates and forecast, 2018 - 2032
- 5.2.6 Metal-Oxide-Semiconductor Field Effect Transistor (MOSFET)
- 5.2.6.1 Market estimates and forecast, 2018 - 2032
- 5.3 Module
- 5.3.1 Market estimates and forecast, 2018 - 2032
Chapter 6 Power Electronics Market, By Application
- 6.1 Key trends, by application
- 6.2 Automotive & Transportation
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.3 Consumer electronics
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.4 ICT
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.5 Industrial
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.6 Energy
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.7 Others
- 6.7.1 Market estimates and forecast, 2018 - 2032
Chapter 7 Power Electronics Market, By Region
- 7.1 Key trends, by region
- 7.2 North America
- 7.2.1 Market estimates and forecast, 2018-2032
- 7.2.2 Market estimates and forecast, by product, 2018 - 2032
- 7.2.3 Market estimates and forecast, by application, 2018 - 2032
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018-2032
- 7.2.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.2.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018-2032
- 7.2.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.2.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3 Europe
- 7.3.1 Market estimates and forecast, 2018-2032
- 7.3.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.4 UK
- 7.3.4.1 Market estimates and forecast, 2018-2032
- 7.3.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.5 Germany
- 7.3.5.1 Market estimates and forecast, 2018-2032
- 7.3.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.6 France
- 7.3.6.1 Market estimates and forecast, 2018-2032
- 7.3.6.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.6.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.7 Italy
- 7.3.7.1 Market estimates and forecast, 2018-2032
- 7.3.7.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.7.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.8 Russia
- 7.3.8.1 Market estimates and forecast, 2018-2032
- 7.3.8.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.8.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018-2032
- 7.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018-2032
- 7.4.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.5 India
- 7.4.5.1 Market estimates and forecast, 2018-2032
- 7.4.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.6 Japan
- 7.4.6.1 Market estimates and forecast, 2018-2032
- 7.4.6.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.6.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.7 South Korea
- 7.4.7.1 Market estimates and forecast, 2018-2032
- 7.4.7.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.7.3 Market estimates and forecast, by application, 2018 - 2032
- 7.5 Latin America
- 7.5.1 Market estimates and forecast, 2018-2032
- 7.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.5.4 Brazil
- 7.5.4.1 Market estimates and forecast, 2018-2032
- 7.5.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.5.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.5.5 Mexico
- 7.5.5.1 Market estimates and forecast, 2018-2032
- 7.5.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.5.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6 MEA
- 7.6.1 Market estimates and forecast, 2018-2032
- 7.6.2 Market estimates and forecast, by product, 2018 - 2032
- 7.6.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6.4 Saudi Arabia
- 7.6.4.1 Market estimates and forecast, 2018-2032
- 7.6.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.6.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6.5 UAE
- 7.6.5.1 Market estimates and forecast, 2018-2032
- 7.6.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.6.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6.6 South Africa
- 7.6.6.1 Market estimates and forecast, 2018-2032
- 7.6.6.2 Market estimates and forecast, by product, 2018 - 2032
- 7.6.6.3 Market estimates and forecast, by application, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 Alpha and Omega Semiconductor
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 Analog Devices, Inc.
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 CISSOID
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Diodes Incorporated
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Fuji Electric Co. Ltd
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Infineon Technologies AG
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Littelfuse, Inc.
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 MERSEN EP
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Microchip Technology Inc
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Mitsubishi Electric Corporation
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Nexperia
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 On Semiconductor Corporation
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Renesas Electronics
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Robert Bosch GmbH
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 ROHM Co., Ltd
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis
- 8.16 Sanken Electric Co., Ltd
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 Strategic Outlook
- 8.16.5 SWOT Analysis
- 8.17 Semikron
- 8.17.1 Business Overview
- 8.17.2 Financial Data
- 8.17.3 Product Landscape
- 8.17.4 Strategic Outlook
- 8.17.5 SWOT Analysis
- 8.18 Sensitron Semiconductor
- 8.18.1 Business Overview
- 8.18.2 Financial Data
- 8.18.3 Product Landscape
- 8.18.4 Strategic Outlook
- 8.18.5 SWOT Analysis
- 8.19 Silicon Laboratories
- 8.19.1 Business Overview
- 8.19.2 Financial Data
- 8.19.3 Product Landscape
- 8.19.4 Strategic Outlook
- 8.19.5 SWOT Analysis
- 8.20 STMicroelectronics N.V.
- 8.20.1 Business Overview
- 8.20.2 Financial Data
- 8.20.3 Product Landscape
- 8.20.4 Strategic Outlook
- 8.20.5 SWOT Analysis
- 8.21 Texas Instruments Incorporated
- 8.21.1 Business Overview
- 8.21.2 Financial Data
- 8.21.3 Product Landscape
- 8.21.4 Strategic Outlook
- 8.21.5 SWOT Analysis
- 8.22 TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- 8.22.1 Business Overview
- 8.22.2 Financial Data
- 8.22.3 Product Landscape
- 8.22.4 Strategic Outlook
- 8.22.5 SWOT Analysis
- 8.23 Vincotech GmbH
- 8.23.1 Business Overview
- 8.23.2 Financial Data
- 8.23.3 Product Landscape
- 8.23.4 Strategic Outlook
- 8.23.5 SWOT Analysis
- 8.24 Vishay Intertechnology
- 8.24.1 Business Overview
- 8.24.2 Financial Data
- 8.24.3 Product Landscape
- 8.24.4 Strategic Outlook
- 8.24.5 SWOT Analysis