Power Electronics Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,South Korea,Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 172 SKU: IRTNTR72753

Power Electronics Market Forecast 2024-2028

The power electronics market size is forecast to increase by USD 10.67 billion at a CAGR of 5.92% between 2023 and 2028. The market is propelled by the escalating adoption of renewable energy sources, advancements aimed at streamlining the design process of power electronic systems, and the swift expansion of the electric vehicle sector. With a focus on enhancing energy efficiency and reducing carbon emissions, the market witnesses a surge in demand for power electronics solutions across various industries. Innovations in power electronics technology play a crucial role in enabling the transition towards sustainable energy practices and driving the evolution of modern transportation systems. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Market Overview

 Market Forecast 2024-2028

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The market encompasses a wide array of technologies and applications, including Photovoltaics, Wind Turbines, and UPS (Uninterruptible Power Supplies). With a focus on efficient electrical energy consumption and the utilization of renewable energy sources, the market thrives on innovations in power transmission and generation. The power electronics industry, driven by components like Insulated Gate Bipolar Transistor (IGBT), Diode, and Thyristor, plays a pivotal role in enabling the seamless integration of renewable energy sources and powering various applications, including home appliances and industrial equipment.

Market Dynamics

The market is witnessing substantial growth across various sectors due to the increasing adoption of solid-state electronics. Key industries such as automotive, transportation, and consumer electronics are leveraging power electronics for efficient electric power management. With the rising demand for electric vehicles (EVs) and renewable energy sources like photovoltaics and wind turbines, they play a crucial role in power generation and transmission. Moreover, applications in defense, aerospace, and healthcare sectors are driving innovation in power electronics technology, particularly with the integration of advanced components like Insulated Gate Bipolar Transistors (IGBTs) and Gallium Nitride (GaN).

Key Market Driver- The innovations to reduce the design time of power electronic systems

The design phase of the power electronic components production cycle involves the determination of the performance, efficiency, cost, and weight of the systems. This phase requires different physical prototypes developed using different combinations of electronic components. The time-to-market (TTM) for different power electronic products will be high, owing to the long duration of the designing and testing of physical prototypes.

In addition, virtual prototyping can help improve the reliability of the system and expedite the design process, thereby reducing the TTM for the products. This process requires software to simulate the thermal and electromagnetic conditions in the circuit, reducing the need for physical prototypes. The introduction of new virtual prototyping packages for the industry will drive the adoption of power electronic components, thereby driving the demand for innovations. This factor is expected to drive the growth of the market focus during the forecast period.

Significant Market Trends- The increased use of artificial intelligence and machine learning

The global market is expanding as a result of the smart grid industry's use of cutting-edge technologies like AI and machine learning (ML). Utilizing these technologies can improve asset management, decrease downtime, and optimize grid operations. In order to enable predictive maintenance and provide real-time data on grid performance, advanced sensors, and monitoring systems are also being deployed. 

Furthermore, the deployment of grid-scale energy storage systems, which can increase grid stability and enable the integration of renewable energy sources, is also made possible by the integration of smart grid technologies. As a result, the market is expanding for energy storage applications. Thus, such factors are anticipated to fuel the growth of the market during the forecast period.

Major Market Challenge- Technological limitations of metal-oxide-semiconductor field-effect transistors (MOSFETs)

Power semiconductor devices are predominantly based on silicon wafers. IGBTs, power MOSFETs, and super-junction power MOSFETs are devices that are extensively used for high- and low-voltage applications owing to their configurations. Power MOSFETs are used for applications that use below 500 V, and IGBTs are used for applications exceeding 400 V. Super-junction power MOSFETs are used in the range between 500 and 900 V. At higher voltages, IGBTs are slower in switching, and super-junction power MOSFETs incur higher losses beyond 900 V.

In addition, applications specific to power transmission require operations in kilovolts, and silicon-based devices have reduced efficiencies. The efficiency can be improved by using materials such as wide bandgap and ultra-wide bandgap materials, as they help reduce losses at higher voltages. The production technology for these materials is expensive and yet to be commercialized. This is expected to impede the growth of the overall market in focus during the forecast years.

Market Segmentation

The market research and growth report includes a comprehensive outlook on the Market, offering forecasts for the industry segmented by Product, which comprises discrete and module. Additionally, it categorizes Material into silicon, silicon carbide, and gallium nitride, and covers Geography regions, including APAC, Europe, North America, South America, and Middle East and Africa. The product segment of the market encompasses a diverse range of applications and solutions tailored to meet the growing demand for efficient electric power management across various industries. Solid-state electronics form the foundation of modern power electronics, facilitating the conversion, control, and conditioning of electrical energy. In the automotive and transportation sector, they play a crucial role in enhancing the performance and efficiency of electric and hybrid electric vehicles (xEVs), contributing to the shift towards sustainable mobility. Similarly, in consumer electronics and home appliances, power electronics enable the development of smart systems and energy-efficient devices, optimizing electrical energy consumption and enhancing user experience. Moreover, in critical sectors such as defense and aerospace, as well as in industrial applications like UPS (Uninterruptible Power Supplies), power electronics ensure reliable power transmission and generation, thus driving innovation and growth in the industry.

By Product

The market share growth by the discrete segment will be significant during the forecast period. Discretes are used in consumer electronic goods and are primarily silicon-based. Most of the demand is for applications like consumer electronics and light-emitting diode (LED) lighting systems.

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The discrete segment was valued at USD 20.13 billion in 2018Discretes require being optimized for power density while being placed in a module. Moreover, discretes include rectifiers (diodes), thyristors, and transitioners, including bipolar junctions, metal oxide semiconductor field-effect, and insulated gate bipolar transistors. Moreover, the advances in technology that is used to produce wide bandgap materials such as silicon carbide (SiC) and GaN drive the demand for discrete. Hence, owing to such factors the segment is expected to grow during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 54% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, Japan, China, South Korea, and India are the key contributors to the revenues generated by players in the regional market. Furthermore, manufacturing-oriented policies by the Chinese and Indian governments also drive market growth in this region.

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Analog Devices Inc.: The company offers a wide range of electronics such as LED Driver IC, battery management, and power control.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., Arete and Cocchi Technology, Danfoss AS, Fuji Electric Co. Ltd., General Electric Co., Grayson Automotive Services Ltd., Infineon Technologies AG, Magna Power-Electronics Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Power-Electronics, Renesas Electronics Corp., Schneider Electric SE, Siemens AG, STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Vitesco Technologies Group AG 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Based on their quantitative data analysis, companies are specially categorized into dominant, leading, strong, tentative, and weak.  

Market Analyst Overview

The market is pivotal in various industries like automotive and transportation, defense and aerospace, and healthcare due to its role in enabling efficient electric power management. With the rise of electric vehicles (EVs) and Electric and hybrid electric vehicles (xEV), power electronics are crucial in powering these vehicles' propulsion systems. Additionally, power electronics play a vital role in renewable energy sources such as photovoltaics and wind turbines, contributing to sustainable power generation. Key components like solid-state electronics, Insulated Gate Bipolar Transistor (IGBT), and Thyristor are integral to the power electronics industry, ensuring the efficient conversion and management of electrical energy across various applications, including smart systems, portable devices, and home appliances.

The market is characterized by its vital role in providing UPS (Uninterruptible Power Supplies) and managing electrical energy consumption across various sectors. With the demand for interconnected solutions and efficient energy consumption rising, power electronics find applications in diverse areas such as household appliances, HVAC systems, and power conversion systems. Technologies like Single chip and System-on-Chips (SoCs) drive advancements, enabling innovations in integrated circuits (ICs), SiC devices, and low-power ICs. These components are integral to various devices including wearables, IoT devices, mobile phones, and handheld electronics, facilitating functions like DC-to-DC conversion, battery charging, and voltage scaling. With a focus on silicon-based power electronics, the market continues to evolve, meeting the power needs of modern devices and systems efficiently.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook
    • Discrete
    • Module
  • Material Outlook
    • Silicon
    • Silicon carbide
    • Gallium nitride
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

172

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.92%

Market Growth 2024-2028

USD 10.67 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.28

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 54%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Analog Devices Inc., Arete and Cocchi Technology, Danfoss AS, Fuji Electric Co. Ltd., General Electric Co., Grayson Automotive Services Ltd., Infineon Technologies AG, Magna Power-Electronics Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Power-Electronics, Renesas Electronics Corp., Schneider Electric SE, Siemens AG, STMicroelectronics International N.V., Texas Instruments Inc., Toshiba Corp., and Vitesco Technologies Group AG

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global power electronics market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global power electronics market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Material Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Material Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Discrete - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Discrete - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Discrete - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Discrete - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Discrete - Year-over-year growth 2023-2028 (%)
    • 6.4 Module - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Module - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Module - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Module - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Module - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Material

    • 7.1 Market segments
      • Exhibit 44: Chart on Material - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Material - Market share 2023-2028 (%)
    • 7.2 Comparison by Material
      • Exhibit 46: Chart on Comparison by Material
      • Exhibit 47: Data Table on Comparison by Material
    • 7.3 Silicon - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Silicon - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Silicon - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Silicon - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Silicon - Year-over-year growth 2023-2028 (%)
    • 7.4 Silicon carbide - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Silicon carbide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Silicon carbide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Silicon carbide - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Silicon carbide - Year-over-year growth 2023-2028 (%)
    • 7.5 Gallium nitride - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Gallium nitride - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Gallium nitride - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Gallium nitride - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Gallium nitride - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Material
      • Exhibit 60: Market opportunity by Material ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Material ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 South Korea - Market size and forecast 2023-2028
      • Exhibit 103: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Analog Devices Inc.
              • Exhibit 115: Analog Devices Inc. - Overview
              • Exhibit 116: Analog Devices Inc. - Business segments
              • Exhibit 117: Analog Devices Inc. - Key news
              • Exhibit 118: Analog Devices Inc. - Key offerings
              • Exhibit 119: Analog Devices Inc. - Segment focus
            • 12.4 Arete and Cocchi Technology
              • Exhibit 120: Arete and Cocchi Technology - Overview
              • Exhibit 121: Arete and Cocchi Technology - Product / Service
              • Exhibit 122: Arete and Cocchi Technology - Key offerings
            • 12.5 Danfoss AS
              • Exhibit 123: Danfoss AS - Overview
              • Exhibit 124: Danfoss AS - Business segments
              • Exhibit 125: Danfoss AS - Key news
              • Exhibit 126: Danfoss AS - Key offerings
              • Exhibit 127: Danfoss AS - Segment focus
            • 12.6 Fuji Electric Co. Ltd.
              • Exhibit 128: Fuji Electric Co. Ltd. - Overview
              • Exhibit 129: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 130: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 131: Fuji Electric Co. Ltd. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 132: General Electric Co. - Overview
              • Exhibit 133: General Electric Co. - Business segments
              • Exhibit 134: General Electric Co. - Key news
              • Exhibit 135: General Electric Co. - Key offerings
              • Exhibit 136: General Electric Co. - Segment focus
            • 12.8 Infineon Technologies AG
              • Exhibit 137: Infineon Technologies AG - Overview
              • Exhibit 138: Infineon Technologies AG - Business segments
              • Exhibit 139: Infineon Technologies AG - Key news
              • Exhibit 140: Infineon Technologies AG - Key offerings
              • Exhibit 141: Infineon Technologies AG - Segment focus
            • 12.9 Mitsubishi Electric Corp.
              • Exhibit 142: Mitsubishi Electric Corp. - Overview
              • Exhibit 143: Mitsubishi Electric Corp. - Business segments
              • Exhibit 144: Mitsubishi Electric Corp. - Key news
              • Exhibit 145: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 146: Mitsubishi Electric Corp. - Segment focus
            • 12.10 NXP Semiconductors NV
              • Exhibit 147: NXP Semiconductors NV - Overview
              • Exhibit 148: NXP Semiconductors NV - Product / Service
              • Exhibit 149: NXP Semiconductors NV - Key news
              • Exhibit 150: NXP Semiconductors NV - Key offerings
            • 12.11 ON Semiconductor Corp.
              • Exhibit 151: ON Semiconductor Corp. - Overview
              • Exhibit 152: ON Semiconductor Corp. - Business segments
              • Exhibit 153: ON Semiconductor Corp. - Key offerings
              • Exhibit 154: ON Semiconductor Corp. - Segment focus
            • 12.12 Renesas Electronics Corp.
              • Exhibit 155: Renesas Electronics Corp. - Overview
              • Exhibit 156: Renesas Electronics Corp. - Business segments
              • Exhibit 157: Renesas Electronics Corp. - Key offerings
              • Exhibit 158: Renesas Electronics Corp. - Segment focus
            • 12.13 Schneider Electric SE
              • Exhibit 159: Schneider Electric SE - Overview
              • Exhibit 160: Schneider Electric SE - Business segments
              • Exhibit 161: Schneider Electric SE - Key news
              • Exhibit 162: Schneider Electric SE - Key offerings
              • Exhibit 163: Schneider Electric SE - Segment focus
            • 12.14 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.15 STMicroelectronics International N.V.
              • Exhibit 169: STMicroelectronics International N.V. - Overview
              • Exhibit 170: STMicroelectronics International N.V. - Business segments
              • Exhibit 171: STMicroelectronics International N.V. - Key news
              • Exhibit 172: STMicroelectronics International N.V. - Key offerings
              • Exhibit 173: STMicroelectronics International N.V. - Segment focus
            • 12.16 Texas Instruments Inc.
              • Exhibit 174: Texas Instruments Inc. - Overview
              • Exhibit 175: Texas Instruments Inc. - Business segments
              • Exhibit 176: Texas Instruments Inc. - Key news
              • Exhibit 177: Texas Instruments Inc. - Key offerings
              • Exhibit 178: Texas Instruments Inc. - Segment focus
            • 12.17 Vitesco Technologies Group AG
              • Exhibit 179: Vitesco Technologies Group AG - Overview
              • Exhibit 180: Vitesco Technologies Group AG - Product / Service
              • Exhibit 181: Vitesco Technologies Group AG - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              power electronics market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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