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Power Electronics Market by Device Type (Power Discrete, Power Module, and Power IC), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Power Management, UPS, Renewable, and Others), and End User (Telecommunication, Industrial, Automotive, Consumer Electronics, Military & Defense, Energy & Power, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027

A01456
Pages: 334
Jun 2020 | 10871 Views
 
Author(s) : Avinash Savekar, Asavari Patil , Vineet Kumar
Tables: 133
Charts: 90
 

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Power Electronics Market Outlook - 2027

The global power electronics market size was valued at $23.25 billion in 2019 and is expected to reach $36.64 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027. 

Power electronics play an important role in the electrified vehicle applications that provide compact and high-efficient solutions to power conversion. Power electronics is a circuitry device that transfers power from a source to a load in an efficient, compact, and robust manner to ensure convenient utilization. This device is used to control the conversion of electric power from one form to another using diodes, transistors, and thyristors. Operations at high voltage or high current can be efficiently executed by utilizing power electronics devices, as they exhibit faster switching rate at higher efficiency. 


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Moreover, power electronics control both unidirectional as well as bidirectional flow of energy, depending upon the usage, and the regenerated energy can be sent back for utility. Power electronics devices are expected to serve as the future key technologies, which help to increase system efficiency and performance in automotive and energy saving applications. 

Power module, also known as power electronic module, offers physical containment for several power components, usually power semiconductor devices. As compared to discrete power, the power packages offer higher power density and are more reliable in many cases. Power MOSFET is an acronym for metal oxide semiconductor field effect transistor and can be defined as a power semiconductor that is used as an electronic switch device to control the loads as per requirement. Power devices can attain extremely low resistance and high-frequency switching. These properties are exploited in high-efficiency power supplies, electric vehicles (EVs), hybrid electric vehicles (HEVs), photovoltaic inverters, and RF switching. In addition, these devices are applicable in power supplies for server, IT equipment, high efficiency & stable power supplies, and EV & HEV devices.

Power Electronics Market
By Device Type

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Power Module segment is projected as one of the most lucrative segments.

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The prominent factor that drives the power electronics market growth include increase in demand for power electronics across various industry verticals. The demand for power electronics is further driven by increase in their usage in several applications such as industrial motor drives, electric grid stabilization, and consumer electronics. Need for power management devices has increased across various industries such as automotive, consumer electronics, and energy & power, owing to surge in use of high-voltage operating devices; and rise in adoption of power electronics components in electric vehicles. 

Moreover, upsurge in demand for SiC-based photovoltaic cells in the developing countries, including China, Brazil, and India fuels the growth of the global market. However, one of the major restraints is the complex integration process of advanced electronics devices. Designing of complex device requires robust methodology, skillsets, and different toolset for integration, which incur additional costs. Thus, high cost associated with these devices restrains their adoption among users, thereby hampering the growth of the global market. On the contrary, rise in demand for plug-in electric vehicles (PEVs) and innovation in power metal–oxide–semiconductor field effect transistor (MOSFET) are anticipated to provide lucrative opportunities for the expansion of the power electronics industry during the forecast period.

Power Electronics Market
By End User

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Automotive segment is expected to secure leading position during forecast period.

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The global power electronics market is segmented into device type, material, application, end user, and region. On the basis of device type, the market is classified into power discrete, power module, and power IC. By material, it is categorized into silicon carbide, gallium nitride, sapphire, and other. The applications covered in the market include power management, UPS, renewable, and others. Depending on industry vertical, the market is fragmented into telecommunication, industrial, automotive, renewable, consumer & enterprise, military & defense, energy & power, and others.   

Region wise, the power electronics market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America accounted for the highest share, owing to the expansion of the electronics market and rise in sales of EVs.  

Power Electronics Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 6.70% during 2020-2027

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Top Impacting Factors

The prominent factors that drive the growth of the power electronics market include increase in demand for power electronics components across various industry verticals, need for power management devices, and rise in adoption of power electronics components in electric vehicles. However, complex integration process for advanced electronics devices restricts the market growth. Conversely, rise in demand for plug-in electric vehicles (PEVs) and Innovation in power metal–oxide–semiconductor field-effect transistor (MOSFET) are create the lucrative opportunities for power electronics industry.  

Competition Analysis

Competitive analysis and profiles of the major ABB Group, Fuji Electric Co, LTD, Infineon Technologies AG, Microsemi Corporation, Mitsubishi, Renesas Electronics Corporation, Rockwell Automation, STMicroelectronics, Texas Instruments Incorporated, and Toshiba Corporation are provided in this report.  

Key Benefits for Stakeholders:

  • This study comprises analytical depiction of the global power electronics market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall power electronics market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and power electronics market opportunities with a detailed impact analysis.
  • The current power electronics market forecast is quantitatively analyzed from 2020 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the power electronics market share of key vendors. 
  • The report includes the market trends and the market share of key vendors.

Key Market Segments:

By Device Type

  • Power Discrete 
    • Diode
    • Transistors
    • Thyristor
  • Power Module
    • Intelligent Power Module
    • Power Integrated Module
  • Power IC
    • Power Management IC
    • Application Specific IC

By Material

  • Silicon Carbide
  • Gallium Nitride
  • Sapphire
  • Other

By Application

  • Power Management
  • UPS
  • Renewable
  • Other

By End User

  • Telecommunication
  • Industrial
  • Automotive
  • Consumer electronics
  • Military & defense
  • Energy & Power
  • other

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France    
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • ABB Group
  • Fuji Electric Co, LTD
  • Infineon Technologies AG
  • Microsemi Corporation 
  • Mitsubishi
  • Renesas Electronics Corporation 
  • Rockwell Automation
  • STMicroelectronics 
  • Texas Instruments Incorporated 
  • Toshiba Corporation
 

CHAPTER 1: INTRODUCTION

1.1. Report description 
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate-to-high intensity of rivalry
3.3.5. Moderate-to-high bargaining power of buyers

3.4. Patent analysis

3.4.1. By region, 2011–2019
3.4.2. By applicant 2011–2019

3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Increase in demand for power electronics component across various industry verticals
3.5.1.2. Rise in need for power management devices
3.5.1.3. Rise in integration of power electronics components in electric vehicles

3.5.2. Restraint

3.5.2.1. Complex integration process of advanced electronics devices

3.5.3. Opportunities

3.5.3.1. Rise in demand for plug-in electric vehicles (PEVs)
3.5.3.2. Innovation in power metal–oxide–semiconductor field-effect transistor (MOSFET)

CHAPTER 4: POWER ELECTRONICS MARKET, BY DEVICE TYPE

4.1. Overview
4.2. Power discrete

4.2.1. Key market trends, growth factors, and opportunities

4.2.1.1. Diode
4.2.1.2. Transistors
4.2.1.3. Thyristor

4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Power modules

4.3.1. Key market trends, growth factors, and opportunities

4.3.1.1. Intelligent power module
4.3.1.2. Power integrated module

4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Power IC

4.4.1. Key market trends, growth factors, and opportunities

4.4.1.1. Power management integrated circuit (PMIC)
4.4.1.2. Application-specific integrated circuit (ASIC)

4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: POWER ELECTRONICS MARKET, BY MATERIAL

5.1. Overview
5.2. Silicon carbide (SiC)

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Gallium nitride (GaN)

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Sapphire

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Others

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

CHAPTER 6: POWER ELECTRONICS MARKET, BY APPLICATION

6.1. Overview
6.2. Power management

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. UPS

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Renewable

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Others

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

CHAPTER 7: POWER ELECTRONICS MARKET, BY END USER

7.1. Overview
7.2. Telecommunication

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country

7.3. Industrial

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country

7.4. Automotive

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

7.5. Consumer electronics

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis, by country

7.6. Military & defense

7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis, by country

7.7. Energy & power

7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis, by country

7.8. Others

7.8.1. Key market trends, growth factors, and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis, by country

CHAPTER 8: POWER ELECTRONICS MARKET, BY REGION

8.1. Overview
8.2. North America

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by device type
8.2.3. Market size and forecast, by material
8.2.4. Market size and forecast, by application
8.2.5. Market size and forecast, by End user
8.2.6. Market analysis, by country

8.2.6.1. U.S.

8.2.6.1.1. Market size and forecast, by device type
8.2.6.1.2. Market size and forecast, by material
8.2.6.1.3. Market size and forecast, by application
8.2.6.1.4. Market size and forecast, by end user

8.2.6.2. Canada

8.2.6.2.1. Market size and forecast, by device type
8.2.6.2.2. Market size and forecast, by material
8.2.6.2.3. Market size and forecast, by Application
8.2.6.2.4. Market size and forecast, by end user

8.2.6.3. Mexico

8.2.6.3.1. Market size and forecast, by device type
8.2.6.3.2. Market size and forecast, by material
8.2.6.3.3. Market size and forecast, by application
8.2.6.3.4. Market size and forecast, by end user

8.3. Europe

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast, by device type
8.3.3. Market size and forecast, by material
8.3.4. Market size and forecast, by application
8.3.5. Market size and forecast, by end user
8.3.6. Market analysis, by country

8.3.6.1. UK

8.3.6.1.1. Market size and forecast, by device type
8.3.6.1.2. Market size and forecast, by material
8.3.6.1.3. Market size and forecast, by application
8.3.6.1.4. Market size and forecast, by end user

8.3.6.2. Germany

8.3.6.2.1. Market size and forecast, by device type
8.3.6.2.2. Market size and forecast, by material
8.3.6.2.3. Market size and forecast, by application
8.3.6.2.4. Market size and forecast, by end user

8.3.6.3. France

8.3.6.3.1. Market size and forecast, by device type
8.3.6.3.2. Market size and forecast, by material
8.3.6.3.3. Market size and forecast, by application
8.3.6.3.4. Market size and forecast, by end user

8.3.6.4. Rest of Europe

8.3.6.4.1. Market size and forecast, by device type
8.3.6.4.2. Market size and forecast, by material
8.3.6.4.3. Market size and forecast, by application
8.3.6.4.4. Market size and forecast, by end user

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast, by device type
8.4.3. Market size and forecast, by material
8.4.4. Market size and forecast, by application
8.4.5. Market size and forecast, by end user
8.4.6. Market analysis, by country

8.4.6.1. China

8.4.6.1.1. Market size and forecast, by device type
8.4.6.1.2. Market size and forecast, by material
8.4.6.1.3. Market size and forecast, by application
8.4.6.1.4. Market size and forecast, by end user

8.4.6.2. Japan

8.4.6.2.1. Market size and forecast, by device type
8.4.6.2.2. Market size and forecast, by material
8.4.6.2.3. Market size and forecast, by application
8.4.6.2.4. Market size and forecast, by end user

8.4.6.3. India

8.4.6.3.1. Market size and forecast, by device type
8.4.6.3.2. Market size and forecast, by material
8.4.6.3.3. Market size and forecast, by application
8.4.6.3.4. Market size and forecast, by end user

8.4.6.4. South Korea

8.4.6.4.1. Market size and forecast, by device type
8.4.6.4.2. Market size and forecast, by material
8.4.6.4.3. Market size and forecast, by application
8.4.6.4.4. Market size and forecast, by end user

8.4.6.5. Rest of Asia-Pacific

8.4.6.5.1. Market size and forecast, by device type
8.4.6.5.2. Market size and forecast, by material
8.4.6.5.3. Market size and forecast, by application
8.4.6.5.4. Market size and forecast, by end user

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast, by device type
8.5.3. Market size and forecast, by material
8.5.4. Market size and forecast, by application
8.5.5. Market size and forecast, by end user
8.5.6. Market analysis, by country

8.5.6.1. Latin America

8.5.6.1.1. Market size and forecast, by device type
8.5.6.1.2. Market size and forecast, by material
8.5.6.1.3. Market size and forecast, by application
8.5.6.1.4. Market size and forecast, by end user

8.5.6.2. Middle East

8.5.6.2.1. Market size and forecast, by device type
8.5.6.2.2. Market size and forecast, by material
8.5.6.2.3. Market size and forecast, by application
8.5.6.2.4. Market size and forecast, by end user

8.5.6.3. Africa

8.5.6.3.1. Market size and forecast, by device type
8.5.6.3.2. Market size and forecast, by material
8.5.6.3.3. Market size and forecast, by application
8.5.6.3.4. Market size and forecast, by end user

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction

9.1.1. Market player positioning, 2019

9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap

CHAPTER 10: COMPANY PROFILES

10.1. ABB, Ltd.

10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Operating business segments
10.1.4. Product portfolio
10.1.5. R&D expenditure
10.1.6. Business performance
10.1.7. Key strategic moves and developments

10.2. FUJI ELECTRIC CO, LTD.

10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Operating business segments
10.2.4. Product portfolio
10.2.5. R&D expenditure
10.2.6. Business performance
10.2.7. Key strategic moves and developments

10.3. INFINEON TECHNOLOGIES AG

10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Operating business segments
10.3.4. Product portfolio
10.3.5. R&D expenditure
10.3.6. Business performance
10.3.7. Key strategic moves and developments

10.4. MICROSEMI CORPORATION

10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Product portfolio
10.4.4. Key strategic moves and developments

10.5. MITSUBISHI ELECTRIC CORPORATION

10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Operating business segments
10.5.4. Product portfolio
10.5.5. R&D expenditure
10.5.6. Business performance
10.5.7. Key strategic moves and developments

10.6. RENESAS ELECTRONICS CORPORATION

10.6.1. Company overview
10.6.2. Company snapshot
10.6.3. Operating business segments
10.6.4. Product portfolio
10.6.5. R&D expenditure
10.6.6. Business performance
10.6.7. Key strategic moves and developments

10.7. Rockwell Automation, Inc.

10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Operating business segments
10.7.4. Product portfolio
10.7.5. R&D expenditure
10.7.6. Business performance
10.7.7. Key strategic moves and developments

10.8. STMICROELECTRONICS N.V.

10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Operating business segments
10.8.4. Product portfolio
10.8.5. R&D expenditure
10.8.6. Business performance
10.8.7. Key strategic moves and developments

10.9. TEXAS INSTRUMENTS INCORPORATED

10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. R&D expenditure
10.9.6. Business performance
10.9.7. Key strategic moves and developments

10.10. TOSHIBA CORPORATION

10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Operating business segments
10.10.4. Product portfolio
10.10.5. Business performance
10.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019-2027 ($MILLION)
TABLE 02. POWER ELECTRONICS MARKET FOR POWER DISCRETE, BY REGION, 2019-2027 ($MILLION)
TABLE 03. POWER ELECTRONICS MARKET FOR POWER MODULES, BY REGION, 2019-2027 ($MILLION)
TABLE 04. POWER ELECTRONICS MARKET FOR POWER IC, BY REGION, 2019-2027 ($MILLION)
TABLE 05. GLOBAL POWER ELECTRONICS MARKET, BY MATERIAL, 2019-2027 ($MILLION)
TABLE 06. POWER ELECTRONICS MARKET FOR SILICON CARBIDE, BY REGION, 2019-2027 ($MILLION)
TABLE 07. POWER ELECTRONICS MARKET FOR GALLIUM NITRIDE, BY REGION, 2019-2027 ($MILLION)
TABLE 08. POWER ELECTRONICS MARKET FOR SAPPHIRE, BY REGION, 2019-2027 ($MILLION)
TABLE 09. POWER ELECTRONICS MARKET FOR OTHERS, BY REGION, 2019-2027 ($MILLION)
TABLE 10. GLOBAL POWER ELECTRONICS MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 11. POWER ELECTRONICS MARKET FOR POWER MANAGEMENT, BY REGION, 2019-2027 ($MILLION)
TABLE 12. POWER ELECTRONICS MARKET FOR UPS, BY REGION, 2019-2027 ($MILLION)
TABLE 13. POWER ELECTRONICS MARKET FOR RENEWABLE, BY REGION, 2019-2027 ($MILLION)
TABLE 14. POWER ELECTRONICS MARKET FOR OTHER, BY REGION, 2019-2027 ($MILLION)
TABLE 15. GLOBAL POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 16. POWER ELECTRONICS MARKET FOR TELECOMMUNICATION, BY REGION, 2019-2027 ($MILLION)
TABLE 17. POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY REGION, 2019-2027 ($MILLION)
TABLE 18. POWER ELECTRONICS MARKET FOR AUTOMOTIVE, BY REGION, 2019-2027 ($MILLION)
TABLE 19. POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019-2027 ($MILLION)
TABLE 20. POWER ELECTRONICS MARKET FOR MILITARY & DEFENSE, BY REGION, 2019-2027 ($MILLION)
TABLE 21. POWER ELECTRONICS MARKET FOR ENERGY & POWER, BY REGION, 2019-2027 ($MILLION)
TABLE 22. POWER ELECTRONICS MARKET FOR OTHER, BY REGION, 2019-2027 ($MILLION)
TABLE 23. POWER ELECTRONICS MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 24. NORTH AMERICA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 25. NORTH AMERICA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 26. NORTH AMERICA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 27. NORTH AMERICA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 28. U.S. POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 29. U.S. POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 30. U.S. POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31. U.S. POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 32. CANADA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 33. CANADA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 34. CANADA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35. CANADA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 36. MEXICO POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 37. MEXICO POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 38. MEXICO POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 39. MEXICO POWER ELECTRONICS MARKET, BY END USER, 2018-2026 ($MILLION)
TABLE 40. EUROPE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 41. EUROPE POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 42. EUROPE POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 43. EUROPE POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 44. UK POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 45. UK POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 46. UK POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 47. UK POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 48. GERMANY POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 49. GERMANY POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 50. GERMANY POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 51. GERMANY POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 52. FRANCE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 53. FRANCE POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 54. FRANCE POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 55. FRANCE POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 56. REST OF EUROPE POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 57. REST OF EUROPE POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 58. REST OF EUROPE POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 59. REST OF EUROPE POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 60. ASIA-PACIFIC POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 61. ASIA-PACIFIC POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 62. ASIA-PACIFIC POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 63. ASIA-PACIFIC POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 64. CHINA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 65. CHINA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 66. CHINA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 67. CHINA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 68. JAPAN POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 69. JAPAN POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 70. JAPAN POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 71. JAPAN POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 72. INDIA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 73. INDIA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 74. INDIA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 75. INDIA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 76. SOUTH KOREA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 77. SOUTH KOREA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 78. SOUTH KOREA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 79. SOUTH KOREA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 80. REST OF ASIA-PACIFIC POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 81. REST OF ASIA-PACIFIC POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 82. REST OF ASIA-PACIFIC POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 83. REST OF ASIA-PACIFIC POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 84. LAMEA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 85. LAMEA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 86. LAMEA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 87. LAMEA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 88. LATIN AMERICA POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 89. LATIN AMERICA POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 90. LATIN AMERICA POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 91. LATIN AMERICA POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 92. MIDDLE EAST POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 93. MIDDLE EAST POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 94. MIDDLE EAST POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 95. MIDDLE EAST POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 96. JAPAN POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019–2027 ($MILLION)
TABLE 97. JAPAN POWER ELECTRONICS MARKET, BY MATERIAL, 2019–2027 ($MILLION)
TABLE 98. JAPAN POWER ELECTRONICS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 99. JAPAN POWER ELECTRONICS MARKET, BY END USER, 2019-2027 ($MILLION)
TABLE 100. ABB: COMPANY SNAPSHOT
TABLE 101. ABB: OPERATING SEGMENTS
TABLE 102. ABB: PRODUCT PORTFOLIO
TABLE 103. FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
TABLE 104. FUJI ELECTRIC CO., LTD.: OPERATING SEGMENTS
TABLE 105. FUJI ELECTRIC CO., LTD.: PRODUCT PORTFOLIO
TABLE 106. FUJI ELECTRIC CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 108. INFINEON TECHNOLOGIES AG: OPERATING SEGMENTS
TABLE 109. INFINEON TECHNOLOGIES AG: PRODUCT PORTFOLIO
TABLE 110. INFINEON TECHNOLOGIES AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111. MICROSEMI CORPORATION: COMPANY SNAPSHOT
TABLE 112. MICROSEMI CORPORATION: PRODUCT PORTFOLIO
TABLE 113. MITSUBISHI: COMPANY SNAPSHOT
TABLE 114. MITSUBISHI: OPERATING SEGMENTS
TABLE 115. MITSUBISHI: PRODUCT PORTFOLIO
TABLE 116. MITSUBISHI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 117. RENESAS ELECTRONICS CORPORATION: COMPANY SNAPSHOT
TABLE 118. RENESAS ELECTRONICS CORPORATION: OPERATING SEGMENTS
TABLE 119. RENESAS ELECTRONICS CORPORATION: PRODUCT PORTFOLIO
TABLE 120. ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 121. ROCKWELL AUTOMATION: OPERATING SEGMENTS
TABLE 122. ROCKWELL AUTOMATION: PRODUCT PORTFOLIO
TABLE 123. STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 124. STMICROELECTRONICS: OPERATING SEGMENTS
TABLE 125. RENESAS: PRODUCT PORTFOLIO
TABLE 126. COMPANY SNAPSHOT
TABLE 127. TI: OPERATING SEGMENTS
TABLE 128. TI: PRODUCT PORTFOLIO
TABLE 129. TOSHIBA: COMPANY SNAPSHOT
TABLE 130. TOSHIBA: OPERATING SEGMENTS
TABLE 131. TOSHIBA: PRODUCT PORTFOLIO
TABLE 132. TOSHIBA: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL POWER ELECTRONICS MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03. POWER ELECTRONICS MARKET SNAPSHOT, BY REGION
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. PATENT ANALYSIS, BY COUNTRY
FIGURE 06. PATENT ANALYSIS, BY APPLICANT
FIGURE 07. GLOBAL POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2019-2027
FIGURE 08. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR POWER DISCRETE, BY COUNTRY, 2019 & 2027(%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR POWER MODULES, BY COUNTRY, 2019 & 2027(%)
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR POWER IC, BY COUNTRY, 2019 & 2027(%)
FIGURE 11. GLOBAL POWER ELECTRONICS MARKET, BY MATERIAL, 2019-2027
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR SILICON CARBIDE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR GALLIUM NITRIDE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR SAPPHIRE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027(%)
FIGURE 16. GLOBAL POWER ELECTRONICS MARKET, BY APPLICATION, 2019-2027
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR POWER MANAGEMENT, BY COUNTRY, 2019 & 2027(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR UPS, BY COUNTRY, 2019 & 2027(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR RENEWABLE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR OTHER, BY COUNTRY, 2019 & 2027(%)
FIGURE 21. GLOBAL POWER ELECTRONICS MARKET, BY END USER, 2019-2027
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR TELECOMMUNICATION, BY COUNTRY, 2019 & 2027(%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2027(%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017 & 2027(%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR MILITARY & DEFENSE, BY COUNTRY, 2019 & 2027(%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR ENERGY & POWER, BY COUNTRY, 2019 & 2027(%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF POWER ELECTRONICS MARKET FOR OTHER, BY COUNTRY, 2019 & 2027(%)
FIGURE 29. POWER ELECTRONICS MARKET, BY REGION, 2019-2027 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 31. U.S. POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 32. CANADA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 33. MEXICO POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 34. COMPARATIVE SHARE ANALYSIS OF EUROPE POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 35. UK POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 36. GERMANY POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 37. FRANCE POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 38. REST OF EUROPE POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 39. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 40. CHINA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 41. JAPAN POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 42. INDIA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 43. SOUTH KOREA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 45. COMPARATIVE SHARE ANALYSIS OF LAMEA POWER ELECTRONICS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 46. LATIN AMERICA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 47. MIDDLE EAST POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 48. AFRICA POWER ELECTRONICS MARKET, 2019–2027 ($MILLION)
FIGURE 49. MARKET PLAYER POSITIONING, 2019
FIGURE 50. TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 51. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 52. TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 53. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 54. COMPETITIVE DASHBOARD
FIGURE 55. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 56. ABB: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 57. ABB: NET SALES, 2017–2019 ($MILLION)
FIGURE 58. ABB: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59. ABB: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60. FUJI ELECTRIC CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 61. FUJI ELECTRIC CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 62. FUJI ELECTRIC CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 63. FUJI ELECTRIC CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 64. INFINEON TECHNOLOGIES AG: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 65. INFINEON TECHNOLOGIES AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 66. INFINEON TECHNOLOGIES AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67. INFINEON TECHNOLOGIES AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 68. MITSUBISHI: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 69. MITSUBISHI: NET SALES, 2017–2019 ($MILLION)
FIGURE 70. MITSUBISHI: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 71. MITSUBISHI: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72. RENESAS ELECTRONICS CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 73. RENESAS ELECTRONICS CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 74. RENESAS ELECTRONICS CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 75. RENESAS ELECTRONICS CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 76. ROCKWELL AUTOMATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 77. ROCKWELL AUTOMATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 78. ROCKWELL AUTOMATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 79. ROCKWELL AUTOMATION: REVENUE SHARE BY GEOGRAPHY, 2019 (%)
FIGURE 80. STMICROELECTRONICS: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 81. STMICROELECTRONICS: NET SALES, 2016–2018 ($MILLION)
FIGURE 82. STMICROELECTRONICS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 83. STMICROELECTRONICS: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 84. TI: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 85. TI: NET SALES, 2016–2018 ($MILLION)
FIGURE 86. TI: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 87. TI: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 88. TOSHIBA: NET SALES, 2017–2019 ($MILLION)
FIGURE 89. TOSHIBA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 90. TOSHIBA: REVENUE SHARE BY REGION, 2019 (%)

 
 

Silicon carbide power devices play a revolutionary role in the power electronics market. The current business scenario has been witnessing an increase in demand for power electronics modules across various industry verticals, particularly in the developed regions such as the U.S. and Europe. Companies in this industry have been launching a variety of products, such as silicon carbide Schottky barrier diodes, and power MOSFETs, owing to their increasing usage in photovoltaic inverters, industrial motor drives, and electro-mobility, which significantly contributes toward the growth of the global power electronics market.

Furthermore, increase has been witnessed in adoption of power devices integrated with power electronics, owing to the fact that they can be operated at higher voltages and higher temperatures as compared to traditional silicon semiconductors devices. In addition, lesser power loss and reduction in the size of power circuits with the usage of these SiC devices fuel the growth of the market, globally. With increase in new entrants in the China power electronics market, Asia-Pacific is expected to show the strongest growth rate during the forecast period. Moreover, rise in usage of electric vehicles, photovoltaic inverters, and power devices is expected to boost the global market growth.

Asia-Pacific exhibits the highest adoption of silicon carbide power devices, thus is expected to grow at a faster pace during the forecast period.

The power electronics market provides numerous growth opportunities to the players such are ABB Group, Fuji Electric Co, LTD, Infineon Technologies AG, Microsemi Corporation, Mitsubishi, Renesas Electronics Corporation, Rockwell Automation, STMicroelectronics, Texas Instruments Incorporated, and Toshiba Corporation.

 
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