Power electronics is a solid-state circuitry device that converts and controls electric power from the source to the load in an efficient and convenient manner. It is used to control the fluctuated power from one device to other power devices such as diodes, transistors, and thyristors. It enables power management to enhance energy conservation in various applications such as industrial systems, consumer electronic, and electric vehicles. In addition, power electronics can control the flow of energy in unidirectional as well as bidirectional manner, depending upon the usage. Currently, it is used in renewable resources and electric vehicles to improve switching speed and prevent power loss.
The global Power Electronics market is projected to reach US$ 43460 million in 2029, increasing from US$ 34010 million in 2022, with the CAGR of 3.1% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Power Electronics market research.
Increasing adoption of power electronics in electric vehicles and aggrandized need for power management devices have led to higher adoption of power electronics in energy & power, automotive, consumer electronics, and other industries. Therefore, the global power electronics market is expected to witness moderate growth in the near future, owing to high-speed switching rate and optimized power loss. However, current leakage at high temperature and high infrastructure deployment cost hamper the market growth. Proactive government initiatives to establish high voltage direct current (HVDC) and smart grid utilizing power devices for power conversation are expected to provide lucrative opportunities to the market.
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Power Electronics market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Report Metric | Details |
Report Name | Global Power Electronics Market |
Base Year | 2022 |
Forecasted years | 2023-2029 |
By Company |
|
Segment by Type |
|
Segment by Application |
|
By Region |
|
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
Ans: The global Power Electronics market is growing with the CAGR of 3.1% during the period of 2023 to 2029.
Ans: The global global Power Electronics market is projected to reach US$ 43460 million in 2029, increasing from US$ 34010 million in 2022, with the CAGR of 3.1% during the period of 2023 to 2029.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Power Electronics Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Power IC
1.2.3 Power Module
1.2.4 Power Discrete
1.3 Market by Application
1.3.1 Global Power Electronics Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Consumer Electronics
1.3.3 Energy & Power
1.3.4 Industrial System
1.3.5 Inverter & UPS
1.3.6 Automotive
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Power Electronics Market Perspective (2018-2029)
2.2 Power Electronics Growth Trends by Region
2.2.1 Global Power Electronics Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Power Electronics Historic Market Size by Region (2018-2023)
2.2.3 Power Electronics Forecasted Market Size by Region (2024-2029)
2.3 Power Electronics Market Dynamics
2.3.1 Power Electronics Industry Trends
2.3.2 Power Electronics Market Drivers
2.3.3 Power Electronics Market Challenges
2.3.4 Power Electronics Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Power Electronics Players by Revenue
3.1.1 Global Top Power Electronics Players by Revenue (2018-2023)
3.1.2 Global Power Electronics Revenue Market Share by Players (2018-2023)
3.2 Global Power Electronics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Power Electronics Revenue
3.4 Global Power Electronics Market Concentration Ratio
3.4.1 Global Power Electronics Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Power Electronics Revenue in 2022
3.5 Power Electronics Key Players Head office and Area Served
3.6 Key Players Power Electronics Product Solution and Service
3.7 Date of Enter into Power Electronics Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Power Electronics Breakdown Data by Type
4.1 Global Power Electronics Historic Market Size by Type (2018-2023)
4.2 Global Power Electronics Forecasted Market Size by Type (2024-2029)
5 Power Electronics Breakdown Data by Application
5.1 Global Power Electronics Historic Market Size by Application (2018-2023)
5.2 Global Power Electronics Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Power Electronics Market Size (2018-2029)
6.2 North America Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Power Electronics Market Size by Country (2018-2023)
6.4 North America Power Electronics Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Power Electronics Market Size (2018-2029)
7.2 Europe Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Power Electronics Market Size by Country (2018-2023)
7.4 Europe Power Electronics Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Power Electronics Market Size (2018-2029)
8.2 Asia-Pacific Power Electronics Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Power Electronics Market Size by Region (2018-2023)
8.4 Asia-Pacific Power Electronics Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Power Electronics Market Size (2018-2029)
9.2 Latin America Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Power Electronics Market Size by Country (2018-2023)
9.4 Latin America Power Electronics Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Power Electronics Market Size (2018-2029)
10.2 Middle East & Africa Power Electronics Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Power Electronics Market Size by Country (2018-2023)
10.4 Middle East & Africa Power Electronics Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Infineon Technologies
11.1.1 Infineon Technologies Company Detail
11.1.2 Infineon Technologies Business Overview
11.1.3 Infineon Technologies Power Electronics Introduction
11.1.4 Infineon Technologies Revenue in Power Electronics Business (2018-2023)
11.1.5 Infineon Technologies Recent Development
11.2 Mitsubishi Electric Corp
11.2.1 Mitsubishi Electric Corp Company Detail
11.2.2 Mitsubishi Electric Corp Business Overview
11.2.3 Mitsubishi Electric Corp Power Electronics Introduction
11.2.4 Mitsubishi Electric Corp Revenue in Power Electronics Business (2018-2023)
11.2.5 Mitsubishi Electric Corp Recent Development
11.3 Toshiba Corporation
11.3.1 Toshiba Corporation Company Detail
11.3.2 Toshiba Corporation Business Overview
11.3.3 Toshiba Corporation Power Electronics Introduction
11.3.4 Toshiba Corporation Revenue in Power Electronics Business (2018-2023)
11.3.5 Toshiba Corporation Recent Development
11.4 STMicroelectronics
11.4.1 STMicroelectronics Company Detail
11.4.2 STMicroelectronics Business Overview
11.4.3 STMicroelectronics Power Electronics Introduction
11.4.4 STMicroelectronics Revenue in Power Electronics Business (2018-2023)
11.4.5 STMicroelectronics Recent Development
11.5 Fuji Electric
11.5.1 Fuji Electric Company Detail
11.5.2 Fuji Electric Business Overview
11.5.3 Fuji Electric Power Electronics Introduction
11.5.4 Fuji Electric Revenue in Power Electronics Business (2018-2023)
11.5.5 Fuji Electric Recent Development
11.6 Rockwell Automation
11.6.1 Rockwell Automation Company Detail
11.6.2 Rockwell Automation Business Overview
11.6.3 Rockwell Automation Power Electronics Introduction
11.6.4 Rockwell Automation Revenue in Power Electronics Business (2018-2023)
11.6.5 Rockwell Automation Recent Development
11.7 Microchip Technology Corporation
11.7.1 Microchip Technology Corporation Company Detail
11.7.2 Microchip Technology Corporation Business Overview
11.7.3 Microchip Technology Corporation Power Electronics Introduction
11.7.4 Microchip Technology Corporation Revenue in Power Electronics Business (2018-2023)
11.7.5 Microchip Technology Corporation Recent Development
11.8 Texas Instruments
11.8.1 Texas Instruments Company Detail
11.8.2 Texas Instruments Business Overview
11.8.3 Texas Instruments Power Electronics Introduction
11.8.4 Texas Instruments Revenue in Power Electronics Business (2018-2023)
11.8.5 Texas Instruments Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
Table 1. Global Power Electronics Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029
Table 2. Key Players of Power IC
Table 3. Key Players of Power Module
Table 4. Key Players of Power Discrete
Table 5. Global Power Electronics Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029
Table 6. Global Power Electronics Market Size by Region (US$ Million): 2018 VS 2022 VS 2029
Table 7. Global Power Electronics Market Size by Region (2018-2023) & (US$ Million)
Table 8. Global Power Electronics Market Share by Region (2018-2023)
Table 9. Global Power Electronics Forecasted Market Size by Region (2024-2029) & (US$ Million)
Table 10. Global Power Electronics Market Share by Region (2024-2029)
Table 11. Power Electronics Market Trends
Table 12. Power Electronics Market Drivers
Table 13. Power Electronics Market Challenges
Table 14. Power Electronics Market Restraints
Table 15. Global Power Electronics Revenue by Players (2018-2023) & (US$ Million)
Table 16. Global Power Electronics Market Share by Players (2018-2023)
Table 17. Global Top Power Electronics Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power Electronics as of 2022)
Table 18. Ranking of Global Top Power Electronics Companies by Revenue (US$ Million) in 2022
Table 19. Global 5 Largest Players Market Share by Power Electronics Revenue (CR5 and HHI) & (2018-2023)
Table 20. Key Players Headquarters and Area Served
Table 21. Key Players Power Electronics Product Solution and Service
Table 22. Date of Enter into Power Electronics Market
Table 23. Mergers & Acquisitions, Expansion Plans
Table 24. Global Power Electronics Market Size by Type (2018-2023) & (US$ Million)
Table 25. Global Power Electronics Revenue Market Share by Type (2018-2023)
Table 26. Global Power Electronics Forecasted Market Size by Type (2024-2029) & (US$ Million)
Table 27. Global Power Electronics Revenue Market Share by Type (2024-2029)
Table 28. Global Power Electronics Market Size by Application (2018-2023) & (US$ Million)
Table 29. Global Power Electronics Revenue Market Share by Application (2018-2023)
Table 30. Global Power Electronics Forecasted Market Size by Application (2024-2029) & (US$ Million)
Table 31. Global Power Electronics Revenue Market Share by Application (2024-2029)
Table 32. North America Power Electronics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 33. North America Power Electronics Market Size by Country (2018-2023) & (US$ Million)
Table 34. North America Power Electronics Market Size by Country (2024-2029) & (US$ Million)
Table 35. Europe Power Electronics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 36. Europe Power Electronics Market Size by Country (2018-2023) & (US$ Million)
Table 37. Europe Power Electronics Market Size by Country (2024-2029) & (US$ Million)
Table 38. Asia-Pacific Power Electronics Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029
Table 39. Asia-Pacific Power Electronics Market Size by Region (2018-2023) & (US$ Million)
Table 40. Asia-Pacific Power Electronics Market Size by Region (2024-2029) & (US$ Million)
Table 41. Latin America Power Electronics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 42. Latin America Power Electronics Market Size by Country (2018-2023) & (US$ Million)
Table 43. Latin America Power Electronics Market Size by Country (2024-2029) & (US$ Million)
Table 44. Middle East & Africa Power Electronics Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029
Table 45. Middle East & Africa Power Electronics Market Size by Country (2018-2023) & (US$ Million)
Table 46. Middle East & Africa Power Electronics Market Size by Country (2024-2029) & (US$ Million)
Table 47. Infineon Technologies Company Detail
Table 48. Infineon Technologies Business Overview
Table 49. Infineon Technologies Power Electronics Product
Table 50. Infineon Technologies Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 51. Infineon Technologies Recent Development
Table 52. Mitsubishi Electric Corp Company Detail
Table 53. Mitsubishi Electric Corp Business Overview
Table 54. Mitsubishi Electric Corp Power Electronics Product
Table 55. Mitsubishi Electric Corp Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 56. Mitsubishi Electric Corp Recent Development
Table 57. Toshiba Corporation Company Detail
Table 58. Toshiba Corporation Business Overview
Table 59. Toshiba Corporation Power Electronics Product
Table 60. Toshiba Corporation Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 61. Toshiba Corporation Recent Development
Table 62. STMicroelectronics Company Detail
Table 63. STMicroelectronics Business Overview
Table 64. STMicroelectronics Power Electronics Product
Table 65. STMicroelectronics Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 66. STMicroelectronics Recent Development
Table 67. Fuji Electric Company Detail
Table 68. Fuji Electric Business Overview
Table 69. Fuji Electric Power Electronics Product
Table 70. Fuji Electric Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 71. Fuji Electric Recent Development
Table 72. Rockwell Automation Company Detail
Table 73. Rockwell Automation Business Overview
Table 74. Rockwell Automation Power Electronics Product
Table 75. Rockwell Automation Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 76. Rockwell Automation Recent Development
Table 77. Microchip Technology Corporation Company Detail
Table 78. Microchip Technology Corporation Business Overview
Table 79. Microchip Technology Corporation Power Electronics Product
Table 80. Microchip Technology Corporation Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 81. Microchip Technology Corporation Recent Development
Table 82. Texas Instruments Company Detail
Table 83. Texas Instruments Business Overview
Table 84. Texas Instruments Power Electronics Product
Table 85. Texas Instruments Revenue in Power Electronics Business (2018-2023) & (US$ Million)
Table 86. Texas Instruments Recent Development
Table 87. Research Programs/Design for This Report
Table 88. Key Data Information from Secondary Sources
Table 89. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Power Electronics Market Size Comparison by Type (2023-2029) & (US$ Million)
Figure 2. Global Power Electronics Market Share by Type: 2022 VS 2029
Figure 3. Power IC Features
Figure 4. Power Module Features
Figure 5. Power Discrete Features
Figure 6. Global Power Electronics Market Size Comparison by Application (2023-2029) & (US$ Million)
Figure 7. Global Power Electronics Market Share by Application: 2022 VS 2029
Figure 8. Consumer Electronics Case Studies
Figure 9. Energy & Power Case Studies
Figure 10. Industrial System Case Studies
Figure 11. Inverter & UPS Case Studies
Figure 12. Automotive Case Studies
Figure 13. Power Electronics Report Years Considered
Figure 14. Global Power Electronics Market Size (US$ Million), Year-over-Year: 2018-2029
Figure 15. Global Power Electronics Market Size, (US$ Million), 2018 VS 2022 VS 2029
Figure 16. Global Power Electronics Market Share by Region: 2022 VS 2029
Figure 17. Global Power Electronics Market Share by Players in 2022
Figure 18. Global Top Power Electronics Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power Electronics as of 2022)
Figure 19. The Top 10 and 5 Players Market Share by Power Electronics Revenue in 2022
Figure 20. North America Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 21. North America Power Electronics Market Share by Country (2018-2029)
Figure 22. United States Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 23. Canada Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 24. Europe Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 25. Europe Power Electronics Market Share by Country (2018-2029)
Figure 26. Germany Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 27. France Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 28. U.K. Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 29. Italy Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 30. Russia Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 31. Nordic Countries Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 32. Asia-Pacific Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 33. Asia-Pacific Power Electronics Market Share by Region (2018-2029)
Figure 34. China Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 35. Japan Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 36. South Korea Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 37. Southeast Asia Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 38. India Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 39. Australia Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 40. Latin America Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 41. Latin America Power Electronics Market Share by Country (2018-2029)
Figure 42. Mexico Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 43. Brazil Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 44. Middle East & Africa Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 45. Middle East & Africa Power Electronics Market Share by Country (2018-2029)
Figure 46. Turkey Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 47. Saudi Arabia Power Electronics Market Size YoY Growth (2018-2029) & (US$ Million)
Figure 48. Infineon Technologies Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 49. Mitsubishi Electric Corp Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 50. Toshiba Corporation Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 51. STMicroelectronics Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 52. Fuji Electric Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 53. Rockwell Automation Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 54. Microchip Technology Corporation Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 55. Texas Instruments Revenue Growth Rate in Power Electronics Business (2018-2023)
Figure 56. Bottom-up and Top-down Approaches for This Report
Figure 57. Data Triangulation
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