Power electronics is a branch of electronics engineering that deals with the processing of high voltages and currents in order to provide power for a variety of applications. All of these areas, from household electronics to space-related equipment, require consistent and dependable electric power that meets the required criteria. Power switches and regulatory systems convert power from one form to another, resulting in properly regulated power.
Power Electronics Market Report Scope and Research Methodology
The Competitive landscape provides growth strategies adopted by the suppliers in the Power Electronics industry. The news covered in this section provides valuable thoughts at various levels while keeping up-to-date with the business and captivating stakeholders in the economic conflict. The competitive scenario in the Power Electronics market report represents news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected for the Power Electronics report help suppliers understand the loopholes in the marketplace and competitors’ strength and weakness thereby, providing insights to upgrade product and service. It provides the idea of its revenue generation into the overall Power Electronics market compared to other vendors in the space. It provides insights into how players are performing in terms of revenue generation and customer base compared to others.
Power Electronics Market Report Overview
Stellar Market Research provides a comprehensive analysis of Power Electronics Market to provide a current snapshot of the market to understand its feature in an optimized way. The Power Electronics market report presents market characteristics in terms of accumulation, segmentation, dominance, and combination traits. The report provides a Power Electronics market overview by standard topics which are highlighted with customized data according to the necessity. This overview helps in decisions on how to approach the market and understand the context of the Power Electronics industry.
Power Electronics Market size was valued at US$ 35.4 Billion in 2020 and the total Power Electronics revenue is expected to grow at 5.7% through 2021 to 2027, reaching nearly US$ 52.18 Billion.
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Power Electronics Market Key Players:
Analog Devices (US)
Hitachi (Japan)
Infineon Technologies (Germany)
STMicroelectronics (Switzerland)
Mitsubishi Electric (Japan)
Fuji Electric (Japan)
NXP Semiconductors (Netherlands)
Renesas Electronics (Japan)
Toshiba (Japan)
ABB (Switzerland)
GaN Systems (Canada)
Microchip (US)
ROHM (Japan)
SEMIKRON (Germany)
Transphorm (US)
Power Electronics Market Regional Insights
North America: U.S., Canada
Europe: U.K., Germany, Rest of Europe
Asia-Pacific: China, Japan, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East and Africa: GCC, Rest of MEA
Market size and forecast for these regional and country-level markets are presented in this Power Electronics market report for the period 2020-2029.
Power Electronics Market Segmentation:
The growing popularity of household gadgets such as smartphones, laptops, and wearable electronics, particularly in emerging markets, is expected to drive demand for power electronics. The increasing use of power electronics in household appliances is expected to contribute to the segment’s growth in the power electronics market. Original Equipment Manufacturers in China and South Korea, such as Samsung and Huawei, are using Gallium Nitride power electronics products for high-wattage internal adapters for handsets and supplementary fast chargers.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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