Power Electronics Market Size to Grow by USD 12.38 Bn | 17,000+ Technavio Research Reports

Key Market Dynamics:

• Market Driver
• Market Challenges

The increased adoption of renewable energy is driving the power electronics market growth. For instance, the Renewable Energy Growth Program initiated by the US Department of Energy in 2015 received an extension till 2029. This program aims to produce 40 MW of combined renewable energy per year up to 2029, which includes solar, wind, hydropower, and anaerobic digestion projects. This program offers opportunities to various commercial, government, non-profit, and other institutions to participate and get incentivized for meeting power production targets based on their category. Thus, implementations of such programs will drive the market during the forecast period.

Technological limitations are challenging the power electronics market growth. For instance, Power MOSFETs are used for applications that use below 500 V, whereas IGBTs are used for applications exceeding 400 V. Applications specific to power transmission require operations in kilovolts, and silicon-based devices have reduced efficiencies. The efficiency can be improved by using materials such as wide bandgap and ultra-wide bandgap materials, as they help reduce losses at higher voltages. The production technology for these materials is expensive and yet to be commercialized. Such factors can impact the market negatively.

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Market Segmentation

The power electronics market report is segmented by product discretes and modules. The discretes segment will have significant market share growth during the forecast period. Discretes are used in consumer electronic goods and are primarily silicon-based. Most of the demand is for applications such as consumer electronics and LED lighting systems.

By geography, the market has been segmented into APAC, Europe, North America, South America, and Middle East and Africa. APAC will be the leading region with 58% of the market's growth during the forecast period. China, Japan, and South Korea are the key markets for power electronics in APAC.

View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

• ABB Ltd.
• Alcon Electronics Pvt. Ltd.
• Analog Devices Inc.
• Danfoss AS
• Fuji Electric Co. Ltd.
• General Electric Co.
• Infineon Technologies AG
• Kerala State Electronics Development Corp. Ltd.
• Magna Power Electronics
• Mitsubishi Electric Corp.
• NXP Semiconductors NV
• OM Semiconductor Corp.
• Power Electronics
• Renesas Electronics Corp.
• Siemens Energy AG
• STMicroelectronics NV
• Texas Instruments Inc.
• Toshiba Corp.
• Vitesco Technologies Group AG
• Arete and Cocchi Technology
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Discretes - Market size and forecast 2021-2026
• Exhibit 28: Chart on Discretes - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Discretes - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Discretes - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Discretes - Year-over-year growth 2021-2026 (%)

• 5.4 Modules - Market size and forecast 2021-2026
• Exhibit 32: Chart on Modules - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Modules - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Modules - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Modules - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product
• Exhibit 36: Market opportunity by Product ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Analog Devices Inc.
• Exhibit 89: Analog Devices Inc. - Overview
• Exhibit 90: Analog Devices Inc. - Product / Service
• Exhibit 91: Analog Devices Inc. - Key offerings

• 10.4 Fuji Electric Co. Ltd.
• Exhibit 92: Fuji Electric Co. Ltd. - Overview
• Exhibit 93: Fuji Electric Co. Ltd. - Business segments
• Exhibit 94: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 95: Fuji Electric Co. Ltd. - Segment focus

• 10.5 Infineon Technologies AG
• Exhibit 96: Infineon Technologies AG - Overview
• Exhibit 97: Infineon Technologies AG - Business segments
• Exhibit 98: Infineon Technologies AG - Key news
• Exhibit 99: Infineon Technologies AG - Key offerings
• Exhibit 100: Infineon Technologies AG - Segment focus

• 10.6 Mitsubishi Electric Corp.
• Exhibit 101: Mitsubishi Electric Corp. - Overview
• Exhibit 102: Mitsubishi Electric Corp. - Business segments
• Exhibit 103: Mitsubishi Electric Corp. - Key news
• Exhibit 104: Mitsubishi Electric Corp. - Key offerings
• Exhibit 105: Mitsubishi Electric Corp. - Segment focus

• 10.7 NXP Semiconductors NV
• Exhibit 106: NXP Semiconductors NV - Overview
• Exhibit 107: NXP Semiconductors NV - Product / Service
• Exhibit 108: NXP Semiconductors NV - Key news
• Exhibit 109: NXP Semiconductors NV - Key offerings

• 10.8 OM Semiconductor Corp.
• Exhibit 110: OM Semiconductor Corp. - Overview
• Exhibit 111: OM Semiconductor Corp. - Business segments
• Exhibit 112: OM Semiconductor Corp. - Key offerings
• Exhibit 113: OM Semiconductor Corp. - Segment focus

• 10.9 Renesas Electronics Corp.
• Exhibit 114: Renesas Electronics Corp. - Overview
• Exhibit 115: Renesas Electronics Corp. - Business segments
• Exhibit 116: Renesas Electronics Corp. - Key offerings
• Exhibit 117: Renesas Electronics Corp. - Segment focus

• 10.10 STMicroelectronics NV
• Exhibit 118: STMicroelectronics NV - Overview
• Exhibit 119: STMicroelectronics NV - Business segments
• Exhibit 120: STMicroelectronics NV - Key news
• Exhibit 121: STMicroelectronics NV - Key offerings
• Exhibit 122: STMicroelectronics NV - Segment focus

• 10.11 Texas Instruments Inc.
• Exhibit 123: Texas Instruments Inc. - Overview
• Exhibit 124: Texas Instruments Inc. - Business segments
• Exhibit 125: Texas Instruments Inc. - Key news
• Exhibit 126: Texas Instruments Inc. - Key offerings
• Exhibit 127: Texas Instruments Inc. - Segment focus

• 10.12 Toshiba Corp.
• Exhibit 128: Toshiba Corp. - Overview
• Exhibit 129: Toshiba Corp. - Business segments
• Exhibit 130: Toshiba Corp. - Key offerings
• Exhibit 131: Toshiba Corp. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 132: Inclusions checklist
• Exhibit 133: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 134: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 11.5 List of abbreviations
• Exhibit 138: List of abbreviations

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