The Global Power Electronics Market is forecast to grow by $9.44 bn during 2022-2027, accelerating at a CAGR of 5.55% during the forecast period
Global Power Electronics Market 2023-2027. The analyst has been monitoring the power electronics market and is forecast to grow by $9.44 bn during 2022-2027, accelerating at a CAGR of 5.55% during the forecast period.
New York, March 28, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Power Electronics Market 2023-2027" - https://www.reportlinker.com/p02440617/?utm_source=GNW
Our report on the power electronics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of renewable energy, innovations to reduce design time of power electronic systems, and rapid development of electric vehicles.
The power electronics market is segmented as below:
• Silicon carbide
• Gallium nitride
By Geographical Landscape
• North America
• South America
• Middle East and Africa
This study identifies the rise in the adoption of smart grids as one of the prime reasons driving the power electronics market growth during the next few years. Also, increased use of artificial intelligence and machine learning and new products launch will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the power electronics market covers the following areas:
• Power electronics market sizing
• Power electronics market forecast
• Power electronics market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading power electronics market vendors that include ABB Ltd., Alcon Electronics Pvt. Ltd., Analog Devices Inc., Arete and Cocchi Technology, Danfoss AS, Fuji Electric Co. Ltd., General Electric Co., Infineon Technologies AG, Kerala State Electronics Development Corp. Ltd., Magna-Power Electronics Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Power Electronics, Renesas Electronics Corp., Siemens Energy AG, STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Vitesco Technologies Group AG. Also, the power electronics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p02440617/?utm_source=GNW
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