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MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2016 – 2026
GLOBAL POWER ELECTRONICS MARKET
FORECAST & OPPORTUNITIES
2
Scope of Report
Product of Interest (POI): Power Electronics
Historical Data
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
REGION
• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa
(MEA)
Power electronics is the branch of electrical engineering that deals with the
processing of high voltages and currents to deliver power that supports a variety of
needs. In power generation, especially in renewable energy, the generated power
must be processed to meet the AC voltage specification of the power grid.
Market Segmentation
DEVICE TYPE
• Power Discrete
• Diodes
• Transistors
• Thyristors
• Power Module
• Intelligent Power Module
• Standard & Power Integrated
Module
• Others
• Power IC
• Power Management IC
• Application Specific IC
MATERIAL
• Silicon
• Silicon Carbide
• Gallium Nitride
• Others
END-USE VERTICAL
• IT & Telecom
• Consumer Electronics
• Industrial
• Automotive
• Aerospace & Defense
• Others
VOLTAGE
• Low Voltage
• Medium Voltage
• High Voltage
3
Table of Contents
S. No. Contents Page No.
1. Product Overview (Definition of Product Type and major terminologies used in the report)
2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw
data backup, list of all secondary sources, List of respondents for primary surveys)
3. Impact of COVID-19 on Global Power Electronics Market
4. Executive Summary (This chapter covers summary of the complete study.)
5. Voice Of Customer
5.1. Preference of Manufacturing Mode of Power Electronics Circuits
5.2. Preference of Power Device Type
5.3. Factors Considered for Designing of Power Electronic Circuits
6.
Global Power Electronics Market Outlook, 2016-2026F (This chapter includes a brief overview of
the product of interest market such as total market’s growth rate, expected growth rate, key
growth levers, leading region, top grossing product types, etc. It includes more of a qualitative
information about the market.)
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Device Type (Power Discrete, Power Module and Power IC)
6.2.1.1. By Power Discrete (Diodes, Transistors, Thyristors)
6.2.1.2.
By Power Module (Intelligent Power Module, Standard & Power Integrated
Module, Others)
6.2.1.3. By Power IC (Power Management IC, Application Specific IC)
6.2.2. By Material (Silicon, Silicon Carbide, Gallium Nitride and Others)
6.2.3. By Voltage(Low Voltage, Medium Voltage, High Voltage)
6.2.4.
By End-Use Vertical (IT & Telecom, Consumer Electronics, Industrial, Automotive,
Aerospace & Defense and Others)
6.2.5. By Company (2020)
6.2.6.
By Region (Asia-Pacific, Europe, North America, South America and Middle East &
Africa)
6.3. Product Market Map
4
Table of Contents
S. No. Contents Page No.
7. Asia-Pacific Power Electronics Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Device Type
7.2.2. By Material
7.2.3. By Voltage
7.2.4. By End-Use Vertical
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Power Electronics Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Device Type
7.3.1.2.2. By Material
7.3.1.2.3. By Voltage
7.3.1.2.4. By End-Use Vertical
5
Table of Contents
S. No. Contents Page No.
7.3.2. India Power Electronics Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Device Type
7.3.2.2.2. By Material
7.3.2.2.3. By Voltage
7.3.2.2.4. By End-Use Vertical
7.3.3. Japan Power Electronics Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Device Type
7.3.3.2.2. By Material
7.3.3.2.3. By Voltage
7.3.3.2.4. By End-Use Vertical
6
Table of Contents
S. No. Contents Page No.
7.3.4. South Korea Power Electronics Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Device Type
7.3.4.2.2. By Material
7.3.4.2.3. By Voltage
7.3.4.2.4. By End-Use Vertical
8. Europe Power Electronics Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Device Type
8.2.2. By Material
8.2.3. By Voltage
8.2.4. By End-Use Vertical
8.2.5. By Country
8.3. Europe: Country Analysis
7
Table of Contents
S. No. Contents Page No.
8.3.1. France Power Electronics Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Device Type
8.3.1.2.2. By Material
8.3.1.2.3. By Voltage
8.3.1.2.4. By End-Use Vertical
8.3.2. Germany Power Electronics Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Device Type
8.3.2.2.2. By Material
8.3.2.2.3. By Voltage
8.3.2.2.4. By End-Use Vertical
8
Table of Contents
S. No. Contents Page No.
8.3.3. United Kingdom Power Electronics Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Device Type
8.3.3.2.2. By Material
8.3.3.2.3. By Voltage
8.3.3.2.4. By End-Use Vertical
8.3.4. Italy Power Electronics Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Device Type
8.3.4.2.2. By Material
8.3.4.2.3. By Voltage
8.3.4.2.4. By End-Use Vertical
9
Table of Contents
S. No. Contents Page No.
8.3.5. Spain Power Electronics Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Device Type
8.3.5.2.2. By Material
8.3.5.2.3. By Voltage
8.3.5.2.4. By End-Use Vertical
8.3.6. Netherlands Power Electronics Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Device Type
8.3.6.2.2. By Material
8.3.6.2.3. By Voltage
8.3.6.2.4. By End-Use Vertical
10
Table of Contents
S. No. Contents Page No.
9. North America Power Electronics Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Device Type
9.2.2. By Material
9.2.3. By Voltage
9.2.4. By End-Use Vertical
9.2.5. By Country
9.3. North America: Country Analysis
9.3.1. United States Power Electronics Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Device Type
9.3.1.2.2. By Material
9.3.1.2.3. By Voltage
9.3.1.2.4. By End-Use Vertical
11
Table of Contents
S. No. Contents Page No.
9.3.2. Canada Power Electronics Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Device Type
9.3.2.2.2. By Material
9.3.2.2.3. By Voltage
9.3.2.2.4. By End-Use Vertical
9.3.3. Mexico Power Electronics Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Device Type
9.3.3.2.2. By Material
9.3.3.2.3. By Voltage
9.3.3.2.4. By End-Use Vertical
12
Table of Contents
S. No. Contents Page No.
10. South America Power Electronics Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Device Type
10.2.2. By Material
10.2.3. By Voltage
10.2.4. By End-Use Vertical
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Power Electronics Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Device Type
10.3.1.2.2. By Material
10.3.1.2.3. By Voltage
10.3.1.2.4. By End-Use Vertical
13
Table of Contents
S. No. Contents Page No.
10.3.2. Argentina Power Electronics Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Device Type
10.3.2.2.2. By Material
10.3.2.2.3. By Voltage
10.3.2.2.4. By End-Use Vertical
10.3.3. Colombia Power Electronics Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1 By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Device Type
10.3.2.2.2. By Material
10.3.2.2.3. By Voltage
10.3.2.2.4. By End-Use Vertical
14
Table of Contents
S. No. Contents Page No.
11. Middle East & Africa Power Electronics Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Device Type
11.2.2. By Material
11.2.3. By Voltage
11.2.4. By End-Use Vertical
11.2.5. By Country
11.3. Middle East & Africa : Country Analysis
11.3.2.1 Saudi Arabia Power Electronics Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Device Type
11.3.1.2.2. By Material
11.3.1.2.3. By Voltage
11.3.1.2.4. By End-Use Vertical
15
Table of Contents
S. No. Contents Page No.
11.3.2. UAE Power Electronics Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Device Type
11.3.2.2.2. By Material
11.3.2.2.3. By Voltage
11.3.2.2.4. By End-Use Vertical
11.3.3. South Africa Power Electronics Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Device Type
11.3.3.2.2. By Material
11.3.3.2.3. By Voltage
11.3.3.2.4. By End-Use Vertical
16
Table of Contents
S. No. Contents Page No.
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competitive Outlook
14.2. Company Profiles (Leading Companies)
14.2.1. Company Details
14.2.2. Product Types & Services
14.2.3. Financials (As Reported)
14.2.4. Key Market Focus & Geographical Presence
14.2.5. Recent Developments
14.2.6. Key Management Personnel
15. Strategic Recommendations
16. About Us & Disclaimer
RESEARCH
METHODOLOGY
18
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global power
electronics market, overall
market size and segmental
market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global power electronics
market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research
19
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global power electronics market. The team has
analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing trend of electric
vehicles and need for integrated solutions in power delivery systems. The study includes market forecasting, which would enable our clients to
take better decisions while planning their strategy to achieve sustainability in the global power electronics market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as power electronics companies, channel
partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 power electronics companies, 100 – 120 end users, and 15 – 20 industry experts and other value
chain stakeholders in the global power electronics market to obtain the overall market size from 2016 to 2020, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during
2016-2020.
20
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by device type, by material, by voltage, by end-
use vertical, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise
revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across
various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by device type, by material, by voltage, by end-use vertical, by company and by region were calculated based on the
responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or
revenue generated from various segments of power electronics markets. The final shares were calculated by taking the geometric mean of
the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global power
electronics market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
21
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted
that the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Infineon Technologies AG
▪ ON Semiconductor Corporation
▪ STMicroelectronics N.V.
▪ Mitsubishi Electric Corporation
▪ Toshiba Corporation
▪ Texas Instruments Inc.
▪ Fuji Electric Co., Ltd.
▪ Renesas Electronics Corporation
▪ Vishay Intertechnology, Inc.
▪ NXP Semiconductors N.V
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
© TechSci Research
22
Industry Brief
The rising efforts towards the use of renewable sources of energy & the growing trend of electric vehicles (EVs) and hybrid Electric vehicles (HEVs) are expected to drive the
growth of the global power electronics market.
According to TechSci Research report, “Global Power Electronics Market By Device Type (Power Discrete, Power Module and Power IC), By Material (Silicon, Silicon Carbide,
Gallium Nitride and Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (ICT, Consumer Electronics, Industrial, Automotive, Aerospace & Defense
and Others), By Region, Competition, Forecast & Opportunities, 2016-2026”, the global power electronics market is forecast to grow at a CAGR of 5.61% to reach USD53.24
billion by 2026. Growth in the market can be attributed to the increasing trend of electric vehicles (EVs) and hybrid electric vehicles (HEVs) in North America and even in
emerging economies such as India, Vietnam, etc. The rising number of smart grids, especially in the European countries has increased the demand for power electronics devices
in the global power electronics market. Also, there has been a significant increase in the number of power discrete and power modules semiconductors in consumer electronics
which is expected to increase opportunities for the Global Power Electronics Market.
The Global Power Electronics Market is segmented based on device type, material, voltage, application and region. In terms of device type, the market can be segregated into
Power Discrete, Power Module and Power IC. Out of these, the power discrete segment registered a market share of 41.46% in 2020 due to its lower bill of material (BOM) cost
and device cost. However, the power module segment with additional features of low design & simulation time, less layout time, reduced space & more power density is expected
to show the highest growth.
Based on material, the market is segmented into Silicon, Silicon Carbide, Gallium Nitride and Others. The silicon segment has a share of 47.81%. However, to increase the
system performance, new materials such as silicon carbide, gallium nitride, etc. that exhibit better physical and chemical properties are expected to show growth in the future.
Based on the voltage, the market is divided into Low Voltage, Medium Voltage and High Voltage. The medium voltage leads the market with a share of 52.45%. The medium
voltage is very common in electric motor controls, photovoltaic inverters, electric vehicle drives, and universal power supplies. Moreover, with the rising growth of smart grids and
renewable energy power supply, the high voltage type is also expected to show significant growth.
Based on the application, the market is segmented into ICT, Consumer Electronics, Industrial, Automotive, Aerospace & Defense and Others. The automotive segment is
dominating with a 25.81% market share owing to the government’s push to encourage the use of electric vehicles. Moreover, the Aerospace & Defense and Industrial sectors are
also expected to show growth due to developments in high-power electronics.
In the Global Power Electronics Market, Asia-Pacific is the largest contributor with 62.60% of market shares in 2020. China is the largest contributing country in the region for the
forecast period, followed by Japan, India and South Korea. China’s position can be attributed to its high-speed growth which has been stimulated by the continuous increase of
industrial output, imports & exports, consumer consumption and capital investment. In recent years, India has also emerged as a potential market for electric vehicles.
The Infineon Technologies AG, On Semiconductor, STMicroelectronics, Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments, Fuji Electric Co., Ltd., Renesas
Electronics Corporation, Vishay Intertechnology, Inc., NXP Semiconductors N.V etc. are among the leading players operating in the Global Power Electronics Market. Companies
operating in the market are using organic strategies, partnerships and collaborations to boost their shares in the Global Power Electronics Market. Significant players in the
market are concentrating on accomplishing ideal operational expenses, upgrading the system efficiency, enhancing precision in responses, boosting productivity with high
funding in R&D, and merging with small players to support in the competitive Global Power Electronics Market.
“The rising awareness towards the use of renewable sources of energy to reduce carbon emissions combined with various efforts made by governments to cut carbon can
increase the demand for power electronic devices in the automotive industry and hence result in the growth of the Global Power Electronics Market. The renewable sources of
power supply along with the development of smart grid will be the major drivers for the growth of the Global Power Electronics Market in the upcoming future.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
23
Sample Data - Snapshot
Global Power Electronics Market Size, By Value (USD Million), 2016-2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2016 2020 2021E 2026F
CAGR BY VALUE: XX% CAGR BY VALUE: XX%
Global Power Electronics Market Share, By Device Type, By
Value, 2016–2026F
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
2016
2018
2020
2022F
2024F
2026F
Power Discrete Power Module Power IC
United States Power Electronics Market Share, By Power Discrete,
By Value, 2016–2026F
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
33%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
34%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Diodes Transistors Thyristors
United States Power Electronics Market Share, By Material, By Value, 2016–2026F
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Silicon Silicon Carbide Gallium Nitride Others
24
Report Ordering
Report Name: GLOBAL POWER ELECTRONICS MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
To View Sample OR Purchase Report
License Type Price
Single User License $4900
Multi-User License $5900
Custom Research License $8900
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, Small & Medium Sized Enterprises), By End Use (BFSI, IT & Telecom, Retail,
Manufacturing, Public Sector, Others) and By Region
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or
omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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Global power electronics market size, share & market forecast 2026

  • 1. MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com 2016 – 2026 GLOBAL POWER ELECTRONICS MARKET FORECAST & OPPORTUNITIES
  • 2. 2 Scope of Report Product of Interest (POI): Power Electronics Historical Data 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 Year Range REGION • Asia-Pacific • Europe • North America • South America • Middle East & Africa (MEA) Power electronics is the branch of electrical engineering that deals with the processing of high voltages and currents to deliver power that supports a variety of needs. In power generation, especially in renewable energy, the generated power must be processed to meet the AC voltage specification of the power grid. Market Segmentation DEVICE TYPE • Power Discrete • Diodes • Transistors • Thyristors • Power Module • Intelligent Power Module • Standard & Power Integrated Module • Others • Power IC • Power Management IC • Application Specific IC MATERIAL • Silicon • Silicon Carbide • Gallium Nitride • Others END-USE VERTICAL • IT & Telecom • Consumer Electronics • Industrial • Automotive • Aerospace & Defense • Others VOLTAGE • Low Voltage • Medium Voltage • High Voltage
  • 3. 3 Table of Contents S. No. Contents Page No. 1. Product Overview (Definition of Product Type and major terminologies used in the report) 2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys) 3. Impact of COVID-19 on Global Power Electronics Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice Of Customer 5.1. Preference of Manufacturing Mode of Power Electronics Circuits 5.2. Preference of Power Device Type 5.3. Factors Considered for Designing of Power Electronic Circuits 6. Global Power Electronics Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Device Type (Power Discrete, Power Module and Power IC) 6.2.1.1. By Power Discrete (Diodes, Transistors, Thyristors) 6.2.1.2. By Power Module (Intelligent Power Module, Standard & Power Integrated Module, Others) 6.2.1.3. By Power IC (Power Management IC, Application Specific IC) 6.2.2. By Material (Silicon, Silicon Carbide, Gallium Nitride and Others) 6.2.3. By Voltage(Low Voltage, Medium Voltage, High Voltage) 6.2.4. By End-Use Vertical (IT & Telecom, Consumer Electronics, Industrial, Automotive, Aerospace & Defense and Others) 6.2.5. By Company (2020) 6.2.6. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa) 6.3. Product Market Map
  • 4. 4 Table of Contents S. No. Contents Page No. 7. Asia-Pacific Power Electronics Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Device Type 7.2.2. By Material 7.2.3. By Voltage 7.2.4. By End-Use Vertical 7.2.5. By Country 7.3. Asia-Pacific: Country Analysis 7.3.1. China Power Electronics Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Device Type 7.3.1.2.2. By Material 7.3.1.2.3. By Voltage 7.3.1.2.4. By End-Use Vertical
  • 5. 5 Table of Contents S. No. Contents Page No. 7.3.2. India Power Electronics Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Device Type 7.3.2.2.2. By Material 7.3.2.2.3. By Voltage 7.3.2.2.4. By End-Use Vertical 7.3.3. Japan Power Electronics Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Device Type 7.3.3.2.2. By Material 7.3.3.2.3. By Voltage 7.3.3.2.4. By End-Use Vertical
  • 6. 6 Table of Contents S. No. Contents Page No. 7.3.4. South Korea Power Electronics Market Outlook 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Device Type 7.3.4.2.2. By Material 7.3.4.2.3. By Voltage 7.3.4.2.4. By End-Use Vertical 8. Europe Power Electronics Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Device Type 8.2.2. By Material 8.2.3. By Voltage 8.2.4. By End-Use Vertical 8.2.5. By Country 8.3. Europe: Country Analysis
  • 7. 7 Table of Contents S. No. Contents Page No. 8.3.1. France Power Electronics Market Outlook 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Device Type 8.3.1.2.2. By Material 8.3.1.2.3. By Voltage 8.3.1.2.4. By End-Use Vertical 8.3.2. Germany Power Electronics Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Device Type 8.3.2.2.2. By Material 8.3.2.2.3. By Voltage 8.3.2.2.4. By End-Use Vertical
  • 8. 8 Table of Contents S. No. Contents Page No. 8.3.3. United Kingdom Power Electronics Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Device Type 8.3.3.2.2. By Material 8.3.3.2.3. By Voltage 8.3.3.2.4. By End-Use Vertical 8.3.4. Italy Power Electronics Market Outlook 8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Device Type 8.3.4.2.2. By Material 8.3.4.2.3. By Voltage 8.3.4.2.4. By End-Use Vertical
  • 9. 9 Table of Contents S. No. Contents Page No. 8.3.5. Spain Power Electronics Market Outlook 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Device Type 8.3.5.2.2. By Material 8.3.5.2.3. By Voltage 8.3.5.2.4. By End-Use Vertical 8.3.6. Netherlands Power Electronics Market Outlook 8.3.6.1. Market Size & Forecast 8.3.6.1.1. By Value 8.3.6.2. Market Share & Forecast 8.3.6.2.1. By Device Type 8.3.6.2.2. By Material 8.3.6.2.3. By Voltage 8.3.6.2.4. By End-Use Vertical
  • 10. 10 Table of Contents S. No. Contents Page No. 9. North America Power Electronics Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Device Type 9.2.2. By Material 9.2.3. By Voltage 9.2.4. By End-Use Vertical 9.2.5. By Country 9.3. North America: Country Analysis 9.3.1. United States Power Electronics Market Outlook 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Device Type 9.3.1.2.2. By Material 9.3.1.2.3. By Voltage 9.3.1.2.4. By End-Use Vertical
  • 11. 11 Table of Contents S. No. Contents Page No. 9.3.2. Canada Power Electronics Market Outlook 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Device Type 9.3.2.2.2. By Material 9.3.2.2.3. By Voltage 9.3.2.2.4. By End-Use Vertical 9.3.3. Mexico Power Electronics Market Outlook 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Device Type 9.3.3.2.2. By Material 9.3.3.2.3. By Voltage 9.3.3.2.4. By End-Use Vertical
  • 12. 12 Table of Contents S. No. Contents Page No. 10. South America Power Electronics Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Device Type 10.2.2. By Material 10.2.3. By Voltage 10.2.4. By End-Use Vertical 10.2.5. By Country 10.3. South America: Country Analysis 10.3.1. Brazil Power Electronics Market Outlook 10.3.1.1. Market Size & Forecast 10.3.1.1.1 By Value 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Device Type 10.3.1.2.2. By Material 10.3.1.2.3. By Voltage 10.3.1.2.4. By End-Use Vertical
  • 13. 13 Table of Contents S. No. Contents Page No. 10.3.2. Argentina Power Electronics Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1 By Value 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Device Type 10.3.2.2.2. By Material 10.3.2.2.3. By Voltage 10.3.2.2.4. By End-Use Vertical 10.3.3. Colombia Power Electronics Market Outlook 10.3.3.1. Market Size & Forecast 10.3.3.1.1 By Value 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Device Type 10.3.2.2.2. By Material 10.3.2.2.3. By Voltage 10.3.2.2.4. By End-Use Vertical
  • 14. 14 Table of Contents S. No. Contents Page No. 11. Middle East & Africa Power Electronics Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Device Type 11.2.2. By Material 11.2.3. By Voltage 11.2.4. By End-Use Vertical 11.2.5. By Country 11.3. Middle East & Africa : Country Analysis 11.3.2.1 Saudi Arabia Power Electronics Market Outlook 11.3.1.1. Market Size & Forecast 11.3.1.1.1. By Value 11.3.1.2. Market Share & Forecast 11.3.1.2.1. By Device Type 11.3.1.2.2. By Material 11.3.1.2.3. By Voltage 11.3.1.2.4. By End-Use Vertical
  • 15. 15 Table of Contents S. No. Contents Page No. 11.3.2. UAE Power Electronics Market Outlook 11.3.2.1. Market Size & Forecast 11.3.2.1.1. By Value 11.3.2.2. Market Share & Forecast 11.3.2.2.1. By Device Type 11.3.2.2.2. By Material 11.3.2.2.3. By Voltage 11.3.2.2.4. By End-Use Vertical 11.3.3. South Africa Power Electronics Market Outlook 11.3.3.1. Market Size & Forecast 11.3.3.1.1. By Value 11.3.3.2. Market Share & Forecast 11.3.3.2.1. By Device Type 11.3.3.2.2. By Material 11.3.3.2.3. By Voltage 11.3.3.2.4. By End-Use Vertical
  • 16. 16 Table of Contents S. No. Contents Page No. 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends & Developments 14. Competitive Landscape 14.1. Competitive Outlook 14.2. Company Profiles (Leading Companies) 14.2.1. Company Details 14.2.2. Product Types & Services 14.2.3. Financials (As Reported) 14.2.4. Key Market Focus & Geographical Presence 14.2.5. Recent Developments 14.2.6. Key Management Personnel 15. Strategic Recommendations 16. About Us & Disclaimer
  • 18. 18 Research Methodology ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews Data Collection Developing List of Respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In-depth secondary research was conducted to determine top players in the global power electronics market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. TechSci conducted interviews with industry experts and industry players for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global power electronics market. Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research
  • 19. 19 Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global power electronics market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing trend of electric vehicles and need for integrated solutions in power delivery systems. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global power electronics market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as power electronics companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 power electronics companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global power electronics market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
  • 20. 20 Research Methodology • Respondents were asked about the current and future market growth rates, market shares by device type, by material, by voltage, by end- use vertical, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by device type, by material, by voltage, by end-use vertical, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of power electronics markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global power electronics market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis
  • 21. 21 Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ Infineon Technologies AG ▪ ON Semiconductor Corporation ▪ STMicroelectronics N.V. ▪ Mitsubishi Electric Corporation ▪ Toshiba Corporation ▪ Texas Instruments Inc. ▪ Fuji Electric Co., Ltd. ▪ Renesas Electronics Corporation ▪ Vishay Intertechnology, Inc. ▪ NXP Semiconductors N.V ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports ▪ Industry Magazines ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases © TechSci Research
  • 22. 22 Industry Brief The rising efforts towards the use of renewable sources of energy & the growing trend of electric vehicles (EVs) and hybrid Electric vehicles (HEVs) are expected to drive the growth of the global power electronics market. According to TechSci Research report, “Global Power Electronics Market By Device Type (Power Discrete, Power Module and Power IC), By Material (Silicon, Silicon Carbide, Gallium Nitride and Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (ICT, Consumer Electronics, Industrial, Automotive, Aerospace & Defense and Others), By Region, Competition, Forecast & Opportunities, 2016-2026”, the global power electronics market is forecast to grow at a CAGR of 5.61% to reach USD53.24 billion by 2026. Growth in the market can be attributed to the increasing trend of electric vehicles (EVs) and hybrid electric vehicles (HEVs) in North America and even in emerging economies such as India, Vietnam, etc. The rising number of smart grids, especially in the European countries has increased the demand for power electronics devices in the global power electronics market. Also, there has been a significant increase in the number of power discrete and power modules semiconductors in consumer electronics which is expected to increase opportunities for the Global Power Electronics Market. The Global Power Electronics Market is segmented based on device type, material, voltage, application and region. In terms of device type, the market can be segregated into Power Discrete, Power Module and Power IC. Out of these, the power discrete segment registered a market share of 41.46% in 2020 due to its lower bill of material (BOM) cost and device cost. However, the power module segment with additional features of low design & simulation time, less layout time, reduced space & more power density is expected to show the highest growth. Based on material, the market is segmented into Silicon, Silicon Carbide, Gallium Nitride and Others. The silicon segment has a share of 47.81%. However, to increase the system performance, new materials such as silicon carbide, gallium nitride, etc. that exhibit better physical and chemical properties are expected to show growth in the future. Based on the voltage, the market is divided into Low Voltage, Medium Voltage and High Voltage. The medium voltage leads the market with a share of 52.45%. The medium voltage is very common in electric motor controls, photovoltaic inverters, electric vehicle drives, and universal power supplies. Moreover, with the rising growth of smart grids and renewable energy power supply, the high voltage type is also expected to show significant growth. Based on the application, the market is segmented into ICT, Consumer Electronics, Industrial, Automotive, Aerospace & Defense and Others. The automotive segment is dominating with a 25.81% market share owing to the government’s push to encourage the use of electric vehicles. Moreover, the Aerospace & Defense and Industrial sectors are also expected to show growth due to developments in high-power electronics. In the Global Power Electronics Market, Asia-Pacific is the largest contributor with 62.60% of market shares in 2020. China is the largest contributing country in the region for the forecast period, followed by Japan, India and South Korea. China’s position can be attributed to its high-speed growth which has been stimulated by the continuous increase of industrial output, imports & exports, consumer consumption and capital investment. In recent years, India has also emerged as a potential market for electric vehicles. The Infineon Technologies AG, On Semiconductor, STMicroelectronics, Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments, Fuji Electric Co., Ltd., Renesas Electronics Corporation, Vishay Intertechnology, Inc., NXP Semiconductors N.V etc. are among the leading players operating in the Global Power Electronics Market. Companies operating in the market are using organic strategies, partnerships and collaborations to boost their shares in the Global Power Electronics Market. Significant players in the market are concentrating on accomplishing ideal operational expenses, upgrading the system efficiency, enhancing precision in responses, boosting productivity with high funding in R&D, and merging with small players to support in the competitive Global Power Electronics Market. “The rising awareness towards the use of renewable sources of energy to reduce carbon emissions combined with various efforts made by governments to cut carbon can increase the demand for power electronic devices in the automotive industry and hence result in the growth of the Global Power Electronics Market. The renewable sources of power supply along with the development of smart grid will be the major drivers for the growth of the Global Power Electronics Market in the upcoming future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
  • 23. 23 Sample Data - Snapshot Global Power Electronics Market Size, By Value (USD Million), 2016-2026F 5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 2016 2020 2021E 2026F CAGR BY VALUE: XX% CAGR BY VALUE: XX% Global Power Electronics Market Share, By Device Type, By Value, 2016–2026F 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 2016 2018 2020 2022F 2024F 2026F Power Discrete Power Module Power IC United States Power Electronics Market Share, By Power Discrete, By Value, 2016–2026F 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Diodes Transistors Thyristors United States Power Electronics Market Share, By Material, By Value, 2016–2026F 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Silicon Silicon Carbide Gallium Nitride Others
  • 24. 24 Report Ordering Report Name: GLOBAL POWER ELECTRONICS MARKET FORECAST & OPPORTUNITIES 2016 – 2026 To View Sample OR Purchase Report License Type Price Single User License $4900 Multi-User License $5900 Custom Research License $8900
  • 25. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Humidity Sensors Market By Product (Relative {Capacitive & Resistive} and Absolute {Solid Moisture Sensors & Mirror-Based Dew/frost}), By Type (Digital & Analog), By Application (Automotive, Industrial, Healthcare, Residential, Agriculture and Others), By Region, Competition Forecast & Opportunities, 2026 • ML Ops Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Solutions (Data Management, Modelling, Continuous Deployment, Computing and Resource), By Product Focus (Data-Centric, Model Centric), By Task (Model Lifecycle Management, Model Versioning & Iteration, Model Monitoring & Management, Model Governance, Model Security), By Component (Platform, Services (Professional, Managed)), By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Large Enterprises, Small & Medium Sized Enterprises), By End Use (BFSI, IT & Telecom, Retail, Manufacturing, Public Sector, Others) and By Region The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com