According to a new market research report "Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020", published by MarketsandMarkets, Power Electronics market is expected to boom in the near future.
The power electronics market is valued at $36.86 Billion and expected to grow at a CAGR of 7.74% from 2014- 2020. The report also includes an in-depth analysis of the applications and geography.
The Power Electronics Market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector, makes it one of the prominent segments in the current industrial scenario. The power electronics devices have been experiencing continuously developments right since their inception. The substrate technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of devices and systems, along with greater reliability. The highlighting features of the power electronics devices include high efficiency, better properties to withstand rough environmental conditions, and alonger life that is best suited for the industrial, power,aerospace, and defense applications.
This report describes the market trends, drivers, and challenges with respect to the Power Electronics Market and forecasts the market up to 2020. This global report gives a detailed view of the market across various geographies, namely - The Americas (North America and South America), Europe (U.K., Germany, and others), the Asia-Pacific (China, Japan, Korea, Taiwan, and others), and ROW (Middle East and others). Asia-Pacific is the largest geography in terms of the power electronics market value. Americas has been identified as the fastest growing region and a leader in the power electronics systems, with the U.S leading the way. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. The report profiles 10 promising players in the power electronics market ecosystem.
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become forces to reckon with. The market is witnessing large scale collaborations and partnerships across the value and supply chain,among the number of tier-one players around the globe.
Major players in this field includes: Texas Instruments Inc. (U.S), Vishay Intertechnology Inc. (U.S), Infineon Technologies AG (Germany), NXP Semiconductors (U.S), Fairchild Semiconductor (U.S), Microsemi Corp. (U.S), Toshiba Corp. (Japan), Hitachi Co., Ltd (Japan), and Mitsubishi Electric Corp. (Japan) among others.
