Power electronics Market 2022 Is Booming Across the Globe by Growth Segments and Forecast 2022 - 2030

The power electronics market is expected to cross US$ 26.8 Billion mark in 2022 and is projected to hit US$ 40.2 Billion by 2030, recording a CAGR of 5.2% during the forecast period.

Power electronics deals with devices that can efficiently convert and control the power from source to load. Power electronic devices prevent damage caused by fluctuating currents and high voltages. The rising use of power electronics in smart home appliances is one of the major factors propelling the power electronics market growth. Power electronics are used extensively in smart TVs, air conditioners, smart energy meters, robotic vacuums, HVAC control systems, and other smart appliances to increase power efficiency and support proper power management.

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The Power Electronics market following are the manufacturers cover -
o ABB Group
o Mitsubishi Electric Corp
o NXP Semiconductors
o Texas Instruments Incorporated
o Infineon Technologies AG

The report includes an executive summary, regional economic outlook, and summary sections which provide a consistent analysis of the Power Electronics Market 2022 - 2030. in addition, the report within the market overview section outlines PLC analysis and PESTLE analysis to provide a thorough analysis of the market. The overview section details Porter's 5 forces analysis that helps to reveal a possible situation of the market by revealing a competitive situation with respect to the Power Electronics Market.

The leading players of the Power Electronics industry, their market share, product portfolio, company profiles are covered during this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Power Electronics players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and helpful guide to shaping your business growth.

Scope of the power electronics market report:
• Product:
o Power Diode
o MOSFET
o BJT
o IGBT
o Thyristor

• Type
o Power IC
o Power Module
o Power Discrete

• End-user
o Electronics
o Energy & Power
o Industrial System
o Inverter & UPS
o Automotive

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

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Recent strategic developments in the power electronics market
The power electronics market players have undergone several significant developments, and a few of these have been mentioned below:
• In March 2021, StrongIRFET 2 power MOSFETs were introduced by Infineon Technologies. The product is available in the voltage range of 80V-100V and is optimized for both low and high frequencies.
• In June 2021, ON Semiconductor, a US-based company, announced its new solutions of full silicon carbide MOSFET module for charging EVs with its 1200V full silicon carbide (SiC) MOSFET 2-PACK modules.
• In July 2021, Mitsubishi Electric announced the launch of seven new X-Series products, i.e., two HVIGBTs and five HVDIODEs. This product launch is anticipated to boost the X-Series lineup to 24 power semiconductor modules, suitable for small-sized inverters used in traction motors, large industrial machinery, DC-power transmitters, etc.
• In August 2021, STMicroelectronics launched its new 45W and 150W MasterGaN devices for high-efficiency power conversion.

This analysis report also presents practical and practical case studies to help you get a clearer understanding of the subject. This analysis report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks within the Power Electronics market.

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Table of Contents: Power Electronics Market 2022 - 2030
Chapter 1: Overview of Power Electronics
Chapter 2: Regional Market Status and Forecast by Regions
Chapter 3: Regional Market Status and Forecast by Types
Chapter 4: Regional Market Status and Forecast by Downstream Industry
Chapter 5: Market driving correlational analysis
Chapter 6: Market competition status by major makers
Chapter 7: Major manufacturer's introduction and market data
Chapter 8: Upstream and downstream market analysis
Chapter 9: Cost and gross margin analysis
Chapter 10: Marketing status analysis
Chapter 11: Market report conclusion
Chapter 12: Research methodology and reference

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