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Technavio's market research analysts have predicted that the MOCVD equipment market for power electronics will register a CAGR close to 35% by 2022. According to this market research and analysis, the increasing adoption of power electronic devices for energy generation will be one of the key factors driving the market's growth prospects during the next few years. Owing to the wide adoption of solar energy due to the rising concerns related to environmental pollution, the demand for power electronics including diodes, power devices, thyristors, and transistors has increased considerably in the recent years. Furthermore, according to the US Energy Information Administration, the global energy consumption is expected to rise by about 28% till 2040. Consequently, the demand for MOCVD equipment is expected to surge in the forthcoming years as they are essential for the manufacturing of wafer layers in power electronics.
With the growing concerns pertaining to carbon emissions and environment protection, economies across the globe have increased focus on using renewable energy sources. In addition, several countries are establishing regulations to make sustainable environments for energy production. For instance, the European Union has been promoting the use of electricity produced from renewable energy sources in the internal electricity market. Similarly, governments in emerging economies including India have launched the Ujwal DISCOM Assurance Yojana (UDAY) scheme to cut down on the cost of power generation. According to Technavio's industry research analysts, the growing focus on renewable energy will be one of the major trends gaining traction in the market during the next few years.
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With the presence of few established vendors, this market appears to be concentrated and with all the market players constantly focusing on improving their market positions, the competitive environment is quite intense. This power electronics MOCVD systems market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape. This research study on the MOCVD equipment market for power electronics also offers information on the products offered by companies with insights on areas the companies should be focusing on for enhancing their geographic presence.
This research report provides an analysis of various companies in this market including ?
The power discrete devices held the largest share during 2017. According to this power electronics MOCVD systems market research report, the segment will account for the maximum demand for MOCVD equipment throughout the forecast period.
Our analysts have estimated that during 2017, APAC accounted for the maximum growth of the market. By offering various growth opportunities to companies in this marketspace, this region will account for the maximum growth of this market during the next few years as well.
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Technavio? s market research report on the MOCVD equipment market for power electronics is focused on providing market intelligence on the changing buying patterns and consumer behavior within the MOCVD market. To, present a clear understanding of niche markets globally, this market research report plans to offer an in-depth analysis of multiple segments and their market evaluation within the MOCVD market. For a better examination of market dynamics, research experts at Technavio bifurcated the global MOCVD market into various segments which may include product type, geography, and end-user application.
As per analysts at Technavio, the increasing adoption of power electronic devices in various sectors is boosting the growth of the market, and it is expected to continue for the next few years. Apart from discussing the various factors influencing the global market, market experts also aim at providing comprehensive market intelligence for multiple regions, by including the numerous changes happening across the globe. Technavio? s market research report correspondingly supports client gain a competitive advantage by providing insights on various products and services offered by vendors operating in this market space. This report on the MOCVD market presents a detailed analysis of several prominent players and the unique strategies adopted by them to increase their market size, share, and presence in the market.
Furthermore, our market analysts have also taken into consideration the growth of similar markets such as global RFID market for retail applications, which is anticipated to grow at a stable CAGR during the forecast period.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TYPE OF POWER ELECTRONICS
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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