Market Highlights
The
growing trend of renewable energy resources and portable energy systems is
largely impacting the growth of the global power electronics market during the
forecast period. However, complexities in designing and integrating technically
advanced devices are expected to impact market growth. Power electronics
devices are also used in electric and hybrid vehicles to optimize overall
system cost, maximize power savings, extend mileage, minimize power losses,
increase power density, and improve battery efficiency. This has created
opportunities for manufacturers of power electronic components.
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Segmentation:
The global power electronics market
has been segmented based on component, wafer type, wafer material, wafer size,
application, and region. Based on component, the global market has been
segmented into diodes, thyristor, MOSFET, AC/DC converter, static switches, and
others. By wafer type, the market has been segmented into Silicon, GaN, SiC,
and others. Based on wafer material, the market has been bifurcated into N-type
and P-type. By wafer size, the market has been segmented into 150mm, 200mm,
300mm, and 450mm and above. Based on application, the global power electronics
market has been segmented into consumer electronics, IT &
telecommunications, automotive, aerospace & defense, industrial, energy
& utilities, transportation, and others.
Competitive Landscape:
The Key Players of the global power
electronics market are Alpha & Omega Semiconductor (AOS) Europe, AMS AG,
Analog Devices Inc, Dialog Semiconductor, Diodes Incorporated, Semiconductor
Component Industries LLC, Infineon Technologies AG, Renesas Electronics
Corporation, Maxim Integrated, Microchip Technology Inc., STMicroelectronics,
Texas Instruments, Toshiba Electronic Devices & Storage Corporation, Vishay
Intertechnology Inc., and Allegro Semiconductors, among others.
Regional Analysis:
The geographic analysis of the power electronics market has been done
for North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific has dominated the power electronics market in 2019 and is expected
to reach USD 24.22 billion in 2026, with the highest CAGR of 7.78%. The regions
of North America and Europe are also expected to witness significant growth
over the forecast period.
In North America, the US accounted for the largest market share in 2018.
Advancements in technology and the increasing demand for consumer electronics
such as mobile phones, computers, and others are some of the major factors,
which are driving the growth of the power electronics market in the region.
Europe is expected to register steady growth in the power electronics market
during the forecast period owing to the rising adoption of smartphones,
increasing availability of smart devices, and other IoT-based systems. The
region, by country, has been segmented into the UK, Germany, France, and the
rest of Europe. Asia-Pacific dominates the power electronics market based
on the region due to growing markets of consumer electronics and wearable
products in China, India, Japan, South Korea, Singapore, Taiwan, and other
countries in the region. Additionally, growing investments by key market
players operating in this region significantly contribute towards the market
growth. Furthermore, the increasing ownership of smartphones, personal
electronics, and smart wearables in the region stimulates market growth. The
rest of the world held the fourth position in terms of market share in 2019.
The market growth in this region is currently stagnant due to the presence of
emerging economies and relatively low infrastructure support. However, the
market is expected to experience a growing trend in the future due to the
increasing investment to boost the telecom infrastructure and IoT connectivity.
The region has been segmented into the Middle East & Africa and South
America.
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