Global Power Electronics Market is estimated to reach $27 billion by 2024; growing at a CAGR of 8.6% from 2016 to 2024. Power electronics is a device that transfers power from a source to a load in an efficient and robust manner to ensure convenient utilization. It is majorly used to control the transformation of electric power from one form to another using diodes, thyristors and transistors. Electric vehicles and renewable energy plant systems pose a huge demand for power electronics to improve switching speed and avoid power loss. Power electronics are also used in various consumer electronic applications such as air refrigerator, conditioners, and inverters.

1. Global Power Electronics Market is Expected to Reach $27 Billion by 2024,
Says Variant Market Research
Global Power Electronics Market Report, published by Variant Market Research,
forecast that the global market is expected to reach $27 billion by 2024 from $14
billion in 2016; growing at a CAGR of 8.6% from 2016 to 2024. By geography, Asia-
Pacific and Europe are expected to grow at a CAGR of 9.2% and 8.8%, respectively,
during the forecast period. Some of the major drivers of global power electronics
market are rise in adoption of power electronics in electric vehicles, and
aggrandized need for power management devices. Additionally, enhanced
efficiency and improved durability of power electronics is also boosting the market
growth. However, current leakage at high temperature would act as a restraint for
the market. Government initiatives in smart grid and HVDC are expected to
generate several growth opportunities for the market in the upcoming years.
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2. The global power electronics market is categorized into type, device, application,
and geography. By type, the market is further segmented into power IC, power
module, and power discrete. Power module accounted for around half of the total
market share in 2016. However, the power IC segment is expected to grow at the
fastest CAGR, owing to its wide application in consumer electronics and electrical
appliances. The market by device is categorized into power diodes, thyristor,
bipolar-junction transistor, insulated-gate bipolar transistor, and metal-oxide-
semiconductor field-effect transistor. By application, the market is segregated into
energy & power, industrial system, inverter & UPS, consumer electronics, and
others. Energy & power dominated the application segment due to its higher
adoption in smart grid and HVDC.
Geographically the market is categorized into North America, Europe, Asia-Pacific,
and Rest of the World (RoW). Asia-Pacific accounted for the largest market share
of 54.2% in 2016, and is expected to continue its dominance during the forecast
period. The growth is majorly attributed to improvement in power transmission
and use of renewable energy. Europe accounted for the second largest market
share of 21.6%. In terms of growth, Asia-Pacific is expected to grow at the fastest
CAGR of 9.2% during the forecast period 2016-2024, driven by increasing demand
for electric vehicle and rise in demand for consumer electronic applications.
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3. Based on geography, the global power electronics market has been segmented
into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada
are covered under North America wherein Europe covers UK, France, Germany,
Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others.
Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the power electronics market are Mitsubishi Electric
Corp., ABB Group, Toshiba Corporation, Infineon Technologies AG, Fuji Electric Co.
Ltd., Rockwell Automation, Inc., STMicroelectronics, Microsemi Corporation, Texas
Instruments, Inc., and Renesas Electronics Corporation, among others.
The key takeaways from the report
• The report will provide detailed analysis of the Power Electronics Market with
respect to major segments such as type, device, and application
• The report will include the qualitative and quantitative analysis with market
estimation over 2015-2024 and compound annual growth rate (CAGR)
between 2016 and 2024
• Comprehensive analysis of market dynamics including factors and
opportunities of the Power Electronics Market
• An exhaustive regional analysis of the Power Electronics Market from 2015 to
2024 has been included in the report
• Profile of the key players in the Power Electronics Market, will be provided,
which include key financials, product & services, new developments and
business strategies
Scope of Power Electronics Market
Type Segments
• Power Module
• Power IC
• Power Discrete
Device Segments
• Power Diodes

4. • Bipolar-Junction Transistor
• Thyristor
• Insulated-Gate Bipolar Transistor
• Metal-Oxide-Semiconductor Field-Effect Transistor
Application Segments
• Industrial System
• Energy & Power
• Inverter & UPS
• Consumer Electronics
• Others
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Others
• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

5. Table Of Content
Chapter 1. Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2. Executive Summary
Chapter 3. Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Value Chain Analysis
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Impact Analysis
3.4.2 Restraints
3.4.2.1 Impact Analysis
3.4.3 Opportunities
3.5 Porter’s five forces analysis
3.5.1 Factors Impact Analysis
…………….
Chapter 8 Company Profiles
8.1 Mitsubishi Electric Corp.
8.2 ABB Group
8.3 Toshiba Corporation
8.4 Infineon Technologies AG
8.5 Fuji Electric Co. Ltd.
8.6 Rockwell Automation, Inc.
8.7 STMicroelectronics
8.8 Microsemi Corporation
8.9 Texas Instruments, Inc.
8.10 Renesas Electronics Corporation

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