Power Electronics Market worth $36.86 Billion by 2020
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″, Power Electronics market is expected to boom in the near future. The power electronics market by geography is expected to grow from $21.66 billion that it accounted for, in 2013, to $36.86 billion in 2020, at an estimated CAGR of 7.74% from 2014 to 2020. APAC held a major share of the power electronics ecosystem, worth 42.11%,in 2013; and is expected to be at the same position across the forecast period, followed by the Americas and Europe.
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 continuous 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 a longer 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.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Power Electronics Market by Substrate Wafer Technology, Devices, Applications and Geography – Analysis & Forecast to 2014-2020.