Power Electronics Market 2017-2027 By Size, Share, Growth, Trends, Forecast

Report Description

Global power electronics market stood at USD40.52 billion in 2021 and is forecast to grow at a CAGR of 5.61% by 2027. The global power electronics market is propelled by a growing trend for Hybrid Vehicles (HVs) and Electric Vehicles (EVs). Additionally, the rising popularity of renewable energy sources among developing and emerging economies is expected to boost the demand for power modules and power discrete. Furthermore, the emergence of smart grids that helps the purpose of reliable and efficient electricity supply, integrating other renewable energy into an existing network and supporting the growth of electric vehicles at a scale is expected to further boost the market growth over the next few years.

Power electronics refers to an interdisciplinary field of electrical engineering that deals with the design, control, and conversion of electrical energy. A power electronic system is a system that converts electric energy to an electrical load through a control circuit. Power electronics play an essential role in electrified vehicle applications, and they provide compact and high-efficient solutions for power conversion. It has emerged as an essential technology in the conversion and control of electrical power in multiple applications, such as electric drives and generators, energy storage systems, renewable energy systems, smart cities, smart grids, power systems, transport (ships, vehicles, aircraft, and others), industrial, telecommunications, medical, military, consumable, and home apparatus.

Increasing Demand for Electric Vehicles

The increasing demand for electric vehicles (EVs) across the world is likely to boost the global power electronics market. Several electrical vehicle components such as ignition switch, windshield wiper control, interior lighting, and power steering utilize power electronics. Power electronics play an important role in controlling the electric energy of electric vehicles (EVs). Hence, the rapid growth of electric vehicles (EVs) is likely to boost the growth of the global power electronics market in the forthcoming years. Moreover, the growing environmental concerns have compelled governments across the nation to control vehicle emissions. Regions like North America and Europe have strictly adopted several rules and regulations to decrease their carbon footprint. Furthermore, the increasing awareness among the worldwide population regarding the adverse effects of vehicle emissions on the environment has driven the demand for electric and hybrid vehicles among users. The leading vehicle manufacturers are strongly financing the growth of power emission and efficient, accessible vehicles. Therefore, the increased penetration of electric vehicles (EVs) worldwide is likely to drive the demand for power electronics in the upcoming years.

Growth of Renewable Sources of Energy

Power electronics devices deal with greater electrical stability, high performance, and enhanced energy consumption. These features increase their adoption in power distribution units (PDUs), data center UPS, cabling infrastructures, and generators for data center power management. Several data center companies, such as Alibaba, AWS, Microsoft, Google, and NTT Data, focus on building green data centers powered by wind and solar renewable energy resources. Moreover, the rapid growth in global energy consumption and the effect of greenhouse gas emissions has enhanced the conversion toward renewable energy sources. The need for distributed generation (DG) of electricity employing renewable energy sources such as solar, wind, and energy cells has gained substantial momentum. Pioneering power electronic systems are thought to be an integral part of green, renewable, and efficient energy systems. Therefore, the global power electronics market is expected to expand with the adoption of more and more renewable energy systems.

Shift from Conventional Lighting to LED Lighting

With the increasing population, governments across the world have been increasingly concerned about sustainable environment attributable to reduced carbon emissions and continued electricity for their citizens. To fulfil such duties, shifting towards energy-efficient lighting solutions has become vital. LED lights consume less energy and hence are energy efficient. Additionally, LED lights to have low energy dissipation and produce less carbon footprint when the LED is turned on. Therefore, various countries have attempted to substitute the high energy-consuming conventional lights with LED lights. Governments of various countries have even created policies and initiatives to promote LED lights in their respective countries. For instance, its rapid growth in the Indian LED lighting sector is due to its multiple benefits over traditional lighting technology. As India is one of the largest lighting markets, it provides several opportunities for LED manufacturers to establish operations in the area. Moreover, as the demand for connected lifestyles, smart, and energy-efficient goods grows, the demand for LEDs also increases. Additionally, increased consumer awareness of the eco-friendliness and cost-effectiveness of LED lighting is expected to fuel the demand for LED lighting in both the commercial and residential sectors. Therefore, the shift from conventional lights to LEDs across the world is likely to benefit the global power electronics market.

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Market Segmentation

Global power electronics market can be segmented into device type, material, voltage, application, and region. Based on Device Type, the market is segmented into power discrete, power module and power IC. Based on Material, the market is segmented into silicon, silicon carbide, gallium nitride and others. Based on Voltage, the market is further divided into low voltage, medium voltage, high voltage. Based on Application, the market is segmented into ICT, consumer electronics, industrial, automotive, aerospace & defence and others. Based on Region, the market is segmented into Asia-Pacific, Europe, North America, South America, Middle East, and Africa.

Company Profiles

Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Toshiba Corporation, Infineon Technologies AG, ON Semiconductor Corporation, STMicroelectronics International N.V., Texas Instruments Incorporated., Renesas Electronics Corporation, Vishay Intertechnology, Inc., NXP Semiconductors N.V. are among the major market players that lead the market growth of the global power electronics market.

Attribute	Details
Market Size Value in 2021	USD40.52 billion
Revenue Forecast in 2027	USD55.91 billion
Growth Rate	5.61%
Base Year	2021
Historical Years	2017–2020
Estimated Year	2022
Forecast Period	2023–2027
Quantitative Units	Revenue in (USD billion) and CAGR for 2017-2021 and 2022-2027
Report Coverage	· Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Device Type · Material · Voltage · Application · By Region
Regional Scope	Asia-Pacific, Europe, North America, South America, Middle East and Africa.
Key Companies Profiled	Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Toshiba Corporation, Infineon Technologies AG, ON Semiconductor Corporation, STMicroelectronics International N.V., Texas Instruments Incorporated., Renesas Electronics Corporation, Vishay Intertechnology, Inc., NXP Semiconductors N.V.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Power Electronics Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

Global Power Electronics Market, By Device Type:

Power Discrete
Power Module
Power IC Sensors

· Global Power Electronics Market, By Material:

o Silicon

o Silicon Carbide

o Gallium Nitride

o Others

Global Power Electronics Market, By Voltage:

Low Voltage
Medium Voltage
High Voltage

· Global Power Electronics Market, By Application:

o ICT

o Consumer Electronics

o Industrial

o Automotive

o Aerospace & Defense

o Others

o Asia-Pacific

§ China

§ Japan

§ India

§ South Korea

o Europe

§ Germany

§ United Kingdom

§ France

§ Italy

§ Spain

§ Netherlands

o North America

§ United States

§ Mexico

§ Canada

o South America

§ Brazil

§ Columbia

§ Argentina

o Middle East and Africa

§ United Arab Emirates

§ Saudi Arabia

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Power Electronics Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Power Electronics Market

5. Voice of Customer

5.1. Brand Awareness

5.2. Key Factors for Selecting Power Electronics Vendor

5.3. Key Satisfaction Level

5.4. Key Challenges Faced

6. Global Power Electronics Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Device Type (Power Discrete, Power Module and Power IC)

6.2.2. By Material (Silicon, Silicon Carbide, Gallium Nitride and Others)

6.2.3. By Voltage (Low Voltage, Medium Voltage, High Voltage)

6.2.4. By Application (ICT, Consumer Electronics, Industrial, Automotive, Aerospace & Defense, and Others)

6.2.5. By Region

6.2.6. By Company (2021)

6.3. Market Map (By Device Type, By Material, By Voltage, By Application, By Region)

7. Asia-Pacific Power Electronics Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Device Type

7.2.2. By Material

7.2.3. By Voltage

7.2.4. By Application

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Power Electronics Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Size & Forecast

7.3.1.2.1. By Device Type

7.3.1.2.2. By Material

7.3.1.2.3. By Voltage

7.3.1.2.4. By Application

7.3.2. Japan Power Electronics Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Size & Forecast

7.3.2.2.1. By Device Type

7.3.2.2.2. By Material

7.3.2.2.3. By Voltage

7.3.2.2.4. By Application

7.3.3. India Power Electronics Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Size & Forecast

7.3.3.2.1. By Device Type

7.3.3.2.2. By Material

7.3.3.2.3. By Voltage

7.3.3.2.4. By Application

7.3.4. South Korea Power Electronics Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Size & Forecast

7.3.4.2.1. By Device Type

7.3.4.2.2. By Material

7.3.4.2.3. By Voltage

7.3.4.2.4. By Application

8. Europe Power Electronics Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Device Type

8.2.2. By Material

8.2.3. By Voltage

8.2.4. By Application

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Power Electronics Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Size & Forecast

8.3.1.2.1. By Device Type

8.3.1.2.2. By Material

8.3.1.2.3. By Voltage

8.3.1.2.4. By Application

8.3.2. United Kingdom Power Electronics Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Size & Forecast

8.3.2.2.1. By Device Type

8.3.2.2.2. By Material

8.3.2.2.3. By Voltage

8.3.2.2.4. By Application

8.3.3. France Power Electronics Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Size & Forecast

8.3.3.2.1. By Device Type

8.3.3.2.2. By Material

8.3.3.2.3. By Voltage

8.3.3.2.4. By Application

8.3.4. Italy Power Electronics Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Size & Forecast

8.3.4.2.1. By Device Type

8.3.4.2.2. By Material

8.3.4.2.3. By Voltage

8.3.4.2.4. By Application

8.3.5. Spain Power Electronics Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Size & Forecast

8.3.5.2.1. By Device Type

8.3.5.2.2. By Material

8.3.5.2.3. By Voltage

8.3.5.2.4. By Application

8.3.6. Netherlands Power Electronics Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value

8.3.6.2. Market Size & Forecast

8.3.6.2.1. By Device Type

8.3.6.2.2. By Material

8.3.6.2.3. By Voltage

8.3.6.2.4. By Application

9. North America Power Electronics Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Device Type

9.2.2. By Material

9.2.3. By Voltage

9.2.4. By Application

9.2.5. By Country

9.3. North America: Country Analysis

9.3.1. United States Power Electronics Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Size & Forecast

9.3.1.2.1. By Device Type

9.3.1.2.2. By Material

9.3.1.2.3. By Voltage

9.3.1.2.4. By Application

9.3.2. Canada Power Electronics Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Size & Forecast

9.3.2.2.1. By Device Type

9.3.2.2.2. By Material

9.3.2.2.3. By Voltage

9.3.2.2.4. By Application

9.3.3. Mexico Power Electronics Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Size & Forecast

9.3.3.2.1. By Device Type

9.3.3.2.2. By Material

9.3.3.2.3. By Voltage

9.3.3.2.4. By Application

10. South America Power Electronics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Device Type

10.2.2. By Material

10.2.3. By Voltage

10.2.4. By Application

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Power Electronics Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Size & Forecast

10.3.1.2.1. By Device Type

10.3.1.2.2. By Material

10.3.1.2.3. By Voltage

10.3.1.2.4. By Application

10.3.2. Colombia Power Electronics Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Size & Forecast

10.3.2.2.1. By Device Type

10.3.2.2.2. By Material

10.3.2.2.3. By Voltage

10.3.2.2.4. By Application

10.3.3. Argentina Power Electronics Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Size & Forecast

10.3.3.2.1. By Device Type

10.3.3.2.2. By Material

10.3.3.2.3. By Voltage

10.3.3.2.4. By Application

11. Middle East and Africa Power Electronics Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Device Type

11.2.2. By Material

11.2.3. By Voltage

11.2.4. By Application

11.2.5. By Country

11.3. MEA: Country Analysis

11.3.1. UAE Power Electronics Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Size & Forecast

11.3.1.2.1. By Device Type

11.3.1.2.2. By Material

11.3.1.2.3. By Voltage

11.3.1.2.4. By Application

11.3.2. Saudi Arabia Power Electronics Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Size & Forecast

11.3.2.2.1. By Device Type

11.3.2.2.2. By Material

11.3.2.2.3. By Voltage

11.3.2.2.4. By Application

11.3.3. South Africa Power Electronics Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Size & Forecast

11.3.3.2.1. By Device Type

11.3.3.2.2. By Material

11.3.3.2.3. By Voltage

11.3.3.2.4. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Mitsubishi Electric Corporation

14.2. Fuji Electric Co., Ltd.

14.3. Toshiba Corporation

14.4. Infineon Technologies AG

14.5. ON Semiconductor Corporation

14.6. STMicroelectronics International N.V.

14.7. Texas Instruments Incorporated.

14.8. Renesas Electronics Corporation

14.9. Vishay Intertechnology, Inc.

14.10. NXP Semiconductors N.V.

15. Strategic Recommendations

Figures and Tables

List of Figures:

Figure 1: Global Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 2: Global Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 3: Global Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 4: Global Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 5: Global Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 6: Global Power Electronics Market Share, By Region, By Value, 2017-2027F

Figure 7: Global Power Electronics Market Share, By Company, By Value, 2021

Figure 8: Global Power Electronics Market Map, By Device Type, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 9: Global Power Electronics Market Map, By Material, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 10: Global Power Electronics Market Map, By Voltage, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 11: Global Power Electronics Market Map, By Application, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 12: Global Power Electronics Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 13: Asia-Pacific Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 14: Asia-Pacific Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 15: Asia-Pacific Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 16: Asia-Pacific Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 17: Asia-Pacific Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 18: Asia-Pacific Power Electronics Market Share, By Country, By Value, 2017-2027F

Figure 19: China Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 20: China Motor Vehicle Production (Units), 2017-2020

Figure 21: China Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 22: China Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 23: China Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 24: China Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 25: Japan Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 26: Japan Motor Vehicle Production (Units), 2017-2020

Figure 27: Japan Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 28: Japan Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 29: Japan Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 30: Japan Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 31: India Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 32: India Motor Vehicle Production (Units), 2017-2020

Figure 33: India Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 34: India Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 35: India Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 36: India Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 37: South Korea Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 38: South Korea Motor Vehicle Production (Units), 2017-2020

Figure 39: South Korea Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 40: South Korea Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 41: South Korea Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 42: South Korea Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 43: Europe Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 44: Europe Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 45: Europe Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 46: Europe Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 47: Europe Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 48: Europe Power Electronics Market Share, By Country, By Value, 2017-2027F

Figure 49: Germany Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 50: Germany Motor Vehicle Production (Units), 2019-2021

Figure 51: Germany Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 52: Germany Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 53: Germany Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 54: Germany Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 55: United Kingdom Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 56: United Kingdom Motor Vehicle Production (Units), 2017-2020

Figure 57: United Kingdom Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 58: United Kingdom Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 59: United Kingdom Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 60: United Kingdom Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 61: France Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 62: France Motor Vehicle Production (Units), 2019-2020

Figure 63: France Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 64: France Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 65: France Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 66: France Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 67: Italy Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 68: Italy Motor Vehicle Production (Units), 2017-2020

Figure 69: Italy Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 70: Italy Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 71: Italy Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 72: Italy Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 73: Spain Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 74: Spain Motor Vehicle Production (Units), 2017-2020

Figure 75: Spain Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 76: Spain Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 77: Spain Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 78: Spain Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 79: Netherlands Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 80: Netherlands Motor Vehicle Production (Units), 2019-2020

Figure 81: Netherlands Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 82: Netherlands Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 83: Netherlands Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 84: Netherlands Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 85: North America Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 86: North America Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 87: North America Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 88: North America Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 89: North America Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 90: North America Power Electronics Market Share, By Country, By Value, 2017-2027F

Figure 91: United States Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 92: United States Motor Vehicle Production (Units), 2017-2020

Figure 93: United States Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 94: United States Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 95: United States Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 96: United States Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 97: Canada Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 98: Canada Motor Vehicle Production (Units), 2017-2021

Figure 99: Canada Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 100: Canada Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 101: Canada Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 102: Canada Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 103: Mexico Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 104: Mexico Motor Vehicle Production (Units), 2017-2021

Figure 105: Mexico Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 106: Mexico Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 107: Mexico Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 108: Mexico Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 109: South America Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 110: South America Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 111: South America Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 112: South America Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 113: South America Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 114: South America Power Electronics Market Share, By Region, By Value, 2017-2027F

Figure 115: Brazil Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 116: Brazil Motor Vehicle Production (Units), 2017-2020

Figure 117: Brazil Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 118: Brazil Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 119: Brazil Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 120: Brazil Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 121: Colombia Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 122: Colombia Motor Vehicle Production (Units), 2017-2020

Figure 123: Colombia Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 124: Colombia Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 125: Colombia Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 126: Colombia Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 127: Argentina Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 128: Argentina Motor Vehicle Production (Units), 2019-2020

Figure 129: Argentina Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 130: Argentina Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 131: Argentina Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 132: Argentina Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 133: Middle East and Africa Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 134: Middle East and Africa Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 135: Middle East and Africa Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 136: Middle East and Africa Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 137: Middle East and Africa Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 138: Middle East and Africa Power Electronics Market Share, By Country, By Value, 2017-2027F

Figure 139: UAE Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 140: UAE Revenue in Consumer Electronics (USD Million), 2017-2021

Figure 141: UAE Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 142: UAE Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 143: UAE Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 144: UAE Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 145: Saudi Arabia Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 146: Saudi Arabia Revenue in Consumer Electronics (USD Million), 2017-2021

Figure 147: Saudi Arabia Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 148: Saudi Arabia Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 149: Saudi Arabia Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 150: Saudi Arabia Power Electronics Market Share, By Application, By Value, 2017-2027F

Figure 151: South Africa Power Electronics Market Size, By Value (USD Billion), 2017-2027F

Figure 152: South Africa Motor Vehicle Production (Units), 2019-2020

Figure 153: South Africa Power Electronics Market Share, By Device Type, By Value, 2017-2027F

Figure 154: South Africa Power Electronics Market Share, By Material, By Value, 2017-2027F

Figure 155: South Africa Power Electronics Market Share, By Voltage, By Value, 2017-2027F

Figure 156: South Africa Power Electronics Market Share, By Application, By Value, 2017-2027F

Frequently asked questions

What is the market size of the Global Power Electronics Market in 2021 and 2022?

The market size of the global power electronics market is estimated to be USD40.52billion in 2021 and USD42.56billion in 2022 due to the growing concerns for sustainable energy.

Which was the dominant by Application in the Global Power Electronics Market in 2021?

The automotive segment accounted for 23.48% of the global power electronics market in 2021 and is expected to grow at a CAGR of 6.49% in the forecast period due to demand for affordable and reliable electric vehicles which are expected to incorporate better technological power electronic components, devices, and modules.

Which is the fastest growing region in the Global Power Electronics Market?

North America is the fastest growing region in the global power electronics market with a CAGR of 6.37%.

Which was the dominant by device type in the Global Power Electronics Market?

The power discrete segment is dominant in the global power electronics market with a market share of 41.50% in 2021 and is expected to grow with a CAGR of 5.81% because they are mostly used in electronic devices such as power diodes, thyristors, and Metal-oxide-semiconductor field-effect transistor (MOSFETs), etc.