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Global Power Electronics Market: Factors Helping to Maintain Strong Position Globally 2020-2024

Power electronics market one of the most pivotal verticals of the electronics and media sphere has been estimated to garner substantial returns in the ensuing seven years. The extensive popularity of this business space can be attributed to its massive deployment across the automotive, industrial, consumer electronics, defense, aerospace, renewable energy systems, and ICT sectors.

Furthermore, the competitive spectrum of power electronics market has been witnessing the unveiling of exceptional and innovative products equipped with emerging technologies, specifically developed for particular end-use disciplines. The upcoming market players have been vying with the existing leading firms to build a robust presence in the industry.

For instance, Navitas Semiconductor Inc., an emerging power electronics industry player based in the U.S., has recently launched the world’s first commercial Gallium Nitride (GaN) Power Integrated Circuit which enables highly energy-efficient and low-cost power converters. Such dynamic product innovations are set to significantly alter the growth landscape of power electronics industry in the forthcoming years.

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Concurrently, the ever-growing governmental thrust across various nations to adopt renewable power sources in residential and industrial sectors to reduce air pollution, lower particulate matter, slash CO2 emissions and suppress the fossil fuel depletion, has had a favorable impact on power electronics market growth.

To cite an instance, the Indian government under its Jawaharlal Nehru National Solar Mission has resolved to attain an ambitious solar power capacity of 100 GW through rooftop and large-scale grid-connected solar power projects by 2022. Undoubtedly, these humongous projects would require AC/DC converters and switching systems to work seamlessly, which would, in turn, boost the expansion of power electronics market.

Top Key Player Are:

  • Developer Manufacturer Profiles
  • ENERCON
  • Fuji Electric Co. Ltd.
  • GE Wind Energy. LLC.
  • Infineon Technologies
  • Maxim Integrated Products Inc.
  • Mersen
  • Methode Electronics Inc.
  • Microsemi Corporation
  • Mitsubishi Electric
  • NXP Semiconductor N.V.
  • ON Semiconductor
  • Renesas Electronics Corporation
  • Semikron Electronics GmbH Co. Inc.
  • Stmicroelectronics N.V
  • Texas Instruments Incorporated
  • Airbus SE

For the record, Gallium Nitride power ICs are considered as an emerging technology that has propelled the power electronics industry to enter a new era of imaginative topologies, new controllers, materials, devices, and magnetics. They have been increasingly replacing the conventional silicon devices who are comparatively slower and inefficient, consequentially, further stimulating the growth of power electronics market size which was pegged at USD 34 billion in 2016.

The Asia Pacific region is anticipated to be one of the most lucrative territory for power electronics market, given the wide-ranging deployment of the products across a multitude of business verticals. The economic boom in the region has resulted in increased disposable income in the middle-class households which has enabled them to purchase a greater amount of luxury electronic goods and systems. To add to it, the power losses and consistent current fluctuations, especially in manufacturing and industrial sectors of the region, have necessitated the deployment of power electronics systems such as UPS, inverters, and power regulators.

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List of Charts & Figures from Power Electronics Market Report:

FIG. 1    Industry segmentation

FIG. 2    Global power electronics market, 2013- 2024 (USD Million)

FIG. 3    Industry ecosystem analysis

FIG. 4    Power consumption by each component in a data centre

FIG. 5    Distribution of renewable energy, by thousand ton of oil equivalent, 2015

FIG. 6    World industrial sector delivered energy consumption by region and energy source, 2012–40, in quadrillion Btu

FIG. 7    Total U.S electric vehicle sales, 2011 – 2016, unit shipments

FIG. 8    Growth potential analysis

FIG. 9    Porter’s analysis

FIG. 10    Competitive landscape

FIG. 11    PESTEL analysis

FIG. 12    Power electronics market share, by product, 2016 & 2024

FIG. 13    Power electronics market share, by technology, 2016 & 2024

FIG. 14    Power electronics market share by region, 2016 & 2024

FIG. 15    SWOT Analysis, Enercon

FIG. 16    Net sales by region, 2016

FIG. 17    SWOT Analysis, Fuji Electric Co., Ltd.,

FIG. 18    SWOT Analysis, 3GE Wind Energy., LLC.

FIG. 19    Revenue by segment, 2016

FIG. 20    SWOT Analysis, Infineon Technologies

FIG. 21    SWOT Analysis, Maxim Integrated Products, Inc.

FIG. 22    Net sales by segment, 2016

FIG. 23    SWOT Analysis, Mersen

FIG. 24    Net sales by segment, 2016

FIG. 25    SWOT Analysis, Methode Electronics, Inc.

FIG. 26    SWOT Analysis, Microsemi Corporation

FIG. 27    SWOT Analysis, Mitsubishi Electric Corporation

FIG. 28    SWOT Analysis, NXP Semiconductors

FIG. 29    Net sales by segment, 2014 – 2016, (USD Million)

FIG. 30    SWOT Analysis, ON Semiconductor

FIG. 31    SWOT Analysis, Renesas Electronics Corporation

FIG. 32    SWOT Analysis, Semikron Electronics GmbH & Co.

FIG. 33    SWOT Analysis, Stmicroelectronics N.V.

FIG. 34    SWOT Analysis, NCR Corporation

FIG. 35    Airbus SE, Revenue by region, 2016

FIG. 36    SWOT Analysis, Airbus SE

FIG. 37    Apple, Inc., Net sales by region (USD Billion)

FIG. 38    SWOT Analysis, Apple, Inc.

FIG. 39    BMW Group, revenue by operating segment, 2016

FIG. 40    SWOT Analysis, BMW Group

FIG. 41    General Electric. regional revenue, 2016

FIG. 42    SWOT Analysis, General Electric

FIG. 43    General Motors, regional revenue, 2016

FIG. 44    SWOT Analysis, General Motors

FIG. 45    SWOT Analysis, Haier Corporation

FIG. 46    SWOT Analysis, Hewlett-Packard Company

FIG. 47    SWOT Analysis, Hitachi Ltd.

FIG. 48    Sales by business segment, Honeywell International Inc. (in millions)

FIG. 49    SWOT Analysis, Honeywell International Inc.

FIG. 50    SWOT Analysis, LG Corporation

FIG. 51    Lockheed Martin segment revenue, 2016

FIG. 52    SWOT Analysis, Lockheed Martin

FIG. 53    SWOT Analysis, Samsung Electronics Co. Ltd.

FIG. 54    SWOT Analysis, Sharp Corporation

FIG. 55    Schneider Electric S.E. market share, by geography

FIG. 56    SWOT Analysis, Schneider Electric

FIG. 57    Tesla, Inc., revenue split between the operational segments, 2016

FIG. 58    SWOT Analysis, Tesla, Inc.

FIG. 59    SWOT Analysis, Thales Group

FIG. 60    Toyota Motors, Vehicle Sales by region, 2016

FIG. 61    SWOT Analysis, Toyota Motors

FIG. 62    Volkswagen AG, vehicle deliveries by segment, 2016

FIG. 63    SWOT Analysis, Volkswagen AG

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