Power Electronics Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Power Electronics 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
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t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  t o  t he  l a t es t  repo r t  by  IMARC Group ,  t i t l ed  "Pow er  E l ec t ron ics  
Market :  G l oba l  Indust ry  T rends ,  Share ,  S ize ,  Growth ,  O pportun i ty  and  
Forecast  2024-2032, "  t he  g loba l  power  e lec t ron ics  marke t  s i ze  reached  US$  31 .3  
B i l l i on  in  2023 .
Report Power  e lec t ron ics  rep resen t  a  b ranch o f  e lec t r i ca l  eng inee r ing  t ha t  invo lves  the  
s t udy ,  ana lys i s ,  and  des ign ing  o f  so l id -s t a te  c i r cu i t s .  I t  re l i es  on  induc to rs ,  
capac i t o r s ,  and  va r ious  o ther  semiconduc to r  sw i t ch ing  dev i ces ,  i nc lud ing  me ta l -
Highlight and ox ide-semiconduc t or  f i e ld -e f f ec t  t rans is to rs  (M OSFET)  and insu la ted-ga t e  b ipo la r  
t r ans is t o r s  ( I GBT)  fo r  conver t ing  e lec t r i c i t y  and  e f fec t i ve l y  r egu la t ing  i t s  f l ow .  
Description Power  e lec t ron i cs  ass i s t  i n  manag ing  energy  and p romot ing  t he  conserva t ion  o f  
power  in  consumer  e lec t ron ics ,  wh i le  o f fe r ing  re l iab i l i t y  and  ensu r i ng  m in ima l  
ma in t enance.  Based  on  t hese  proper t i es ,  i t  i s  ex tens ive l y  emp loyed  in  t e l ev is ion  
(TV)  se ts ,  ba t te r y  cha rgers ,  and  pe rsona l  compu te rs  (PCs) .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/power -e lec t ron i cs -marke t / r eques tsam ple
Report Description
G l o b a l  P o w e r  E l e c t r o n i c s  M a r k e t  T r e n d s :
T h e  p o w e r  e l e c t r o n i c s  m a r k e t  i s  p r i m a r i l y  b e i n g  d r i v e n  b y  t h e  w i d e s p r e a d  p r o d u c t  a d o p t i o n  a c r o s s  t h e  a u t o m o t i v e  s e c t o r  f o r  
m a n u f a c t u r i n g  v a r i o u s  c o m p o n e n t s  o f  m o d e r n  v e h i c l e s ,  i n c l u d i n g  w i n d s h i e l d  w i p e r  c o n t r o l ,  a d a p t i v e  f r o n t  l i g h t i n g ,  e l e c t r i c  p o w e r  
s t e e r i n g ,  a n d  i g n i t i o n  s w i t c h .  T h i s  i s  f u r t h e r  s u p p o r t e d  b y  t h e  i n c r e a s i n g  d e m a n d  f o r  s m a r t  a n d  l u x u r i o u s  a u t o m o b i l e s  t h a t  a r e  
i n t e g r a t e d  w i t h  a d v a n c e d  i n f o t a i n m e n t  s y s t e m s .  I n  l i n e  w i t h  t h i s ,  r i s i n g  e n v i r o n m e n t a l  c o n c e r n s ,  a l o n g  w i t h  t h e  i n f l a t i n g  p r i c e s  o f  
c o n v e n t i o n a l  e n e r g y  s o l u t i o n s  h a v e  p r o m p t e d  g o v e r n m e n t s  o f  v a r i o u s  c o u n t r i e s  t o  u n d e r t a k e  i n i t i a t i v e s  p r o m o t i n g  t h e  u p t a k e  o f  e l e c t r i c  
v e h i c l e s  ( E V s )  a n d  p l u g - i n  h y b r i d  v e h i c l e s  ( H V s ) ,  w h i c h  i s  a c t i n g  a s  a n o t h e r  m a j o r  g r o w t h - i n d u c i n g  f a c t o r .  A d d i t i o n a l l y ,  t h e  e x t e n s i v e  
d e p l o y m e n t  o f  p o w e r  e l e c t r o n i c s  i n  l i g h t  d i m m e r s ,  a i r  c o n d i t i o n e r s  ( A C s ) ,  i n d u c t i o n  c o o k i n g ,  u n i n t e r r u p t e d  p o w e r  s y s t e m s  ( U P S ) ,  a n d  
v a c u u m  c l e a n e r s  i s  c o n t r i b u t i n g  t o  t h e  m a r k e t  g r o w t h .  M o r e o v e r ,  t h e  i n c r e a s i n g  u t i l i z a t i o n  o f  p o w e r  e l e c t r o n i c s  i n  l a n d i n g  g e a r s ,  
d e f e n s i v e  a i d  s y s t e m s  ( D A S ) ,  n a v i g a t i o n ,  a v i o n i c s ,  a n d  c a b i n  l i g h t i n g  s y s t e m s  o f  m i l i t a r y  a i r c r a f t s ,  i s  p r o p e l l i n g  t h e  m a r k e t  g r o w t h .  
O t h e r  f a c t o r s ,  s u c h  a s  s i g n i f i c a n t  i n v e s t m e n t s  i n  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s ,  f r e q u e n t  m e r g e r s  a n d  a c q u i s i t i o n s  ( M & A )  
a m o n g s t  k e y  p l a y e r s ,  a n d  t h e  e s c a l a t i n g  n e e d  f o r  c o n t i n u o u s  s u p p l y  p o w e r  a n d  a d v a n c e  c o n t r o l  s y s t e m s  i n  s a t e l l i t e s ,  s p a c e  s h u t t l e s ,  
m i s s i l e s ,  a n d  u n m a n n e d  a e r i a l  v e h i c l e s  ( U A V s )  a r e  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c i p a t e d  t o  r e a c h  a  v a l u e  o f  U S $  5 0 . 4  B i l l i o n  b y  2 0 3 2 ,  g r o w i n g  a t  a  C A G R  o f  5 . 3 %  d u r i n g  2 0 2 4 -
2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / p o w e r - e l e c t r o n i c s - m a r k e t
Breakup by Device:
• Power Discrete
o Diode
o Transistors
o Thyristor
• Power Modules
o
Report Intel l igent Power Module
o Power Integrated Module
Segmentation • Power ICs
o Power Management Integrated Circuit
o Appl icat ion-Specifi c Integrated Circuit
 
Breakup by Material:
• Si l icon
• Sapphire
• Si l icon Carbide
• Gal l ium Nitr ide
• Others
Breakup by Application:
• Power Management
Report • UPS
• Renewable
Segmentation
• Others
Breakup by Voltage:
• Low Voltage
• Medium Voltage
• High Voltage
Breakup by End Use Industry:
• Automotive
• Mil i tary and Aerospace
• Energy and Power
• IT and Telecommunication
• Consumer Electronics
Report • Others
Segmentation
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• ABB Ltd.
• Analog Devices Inc.
• Fuj i  Electr ic  Co. Ltd.
• Infi neon Technologies AG
Competitive • Microchip Technology Inc.
Landscape • Mitsubishi  Electr ic Corporat ion
• NXP Semiconductors N.V.
with Key 
• Renesas Electronics Corporat ion
Players • ROHM Co. Ltd.
• STMicroelectronics
• Texas Instruments Incorporated
• Toshiba Corporat ion
• Vishay Intertechnology Inc.
How has the global power electronics market 
performed so far and how will it perform in the 
coming years?
What has been the impact of COVID-19 on the 
global power electronics market?
Key What are the key regional markets?
Questions 
What is the breakup of the market based on the 
device?
Answered in 
the Report What is the breakup of the market based on the material?
What is the breakup of the market based on the 
application?
What is the breakup of the market based on the 
voltage?
What is the breakup of the market based on the 
end use industry?
What are the various stages in the value chain of 
the industry?
What are the key driving factors and challenges in 
Key the industry?
Questions What is the structure of the global power 
electronics market and who are the key players?
Answered in 
What is the degree of competition in the industry?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  P o w e r  E l e c t r o n i c s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  D e v i c e
    6 . 1     P o w e r  D i s c r e t e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  K e y  S e g m e n t s
           6 . 1 . 2 . 1  D i o d e
           6 . 1 . 2 . 2  T r a n s i s t o r s
           6 . 1 . 2 . 3  T h y r i s t o r
        6 . 1 . 3  M a r k e t  F o r e c a s t
    6 . 2     P o w e r  M o d u l e s
        6 . 2 . 1  M a r k e t  T r e n d s
       
        6 . 2 . 2  K e y  S e g m e n t s
           6 . 2 . 2 . 1  I n t e l l i g e n t  P o w e r  M o d u l e
           6 . 2 . 2 . 2  P o w e r  I n t e g r a t e d  M o d u l e
        6 . 2 . 3  M a r k e t  F o r e c a s t
    6 . 3     P o w e r  I C s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  K e y  S e g m e n t s
           6 . 3 . 2 . 1  P o w e r  M a n a g e m e n t  I n t e g r a t e d  C i r c u i t  ( P M I C )
           6 . 3 . 2 . 2  A p p l i c a t i o n - S p e c i f i c  I n t e g r a t e d  C i r c u i t  ( A S I C )
        6 . 3 . 3  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  M a t e r i a l
    7 . 1     S i l i c o n
Table of         7 . 1 . 1  M a r k e t  T r e n d s        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     S a p p h i r e
Contents         7 . 2 . 1  M a r k e t  T r e n d s        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     S i l i c o n  C a r b i d e
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     G a l l i u m  N i t r i d e
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     O t h e r s
        7 . 5 . 1  M a r k e t  T r e n d s
        7 . 5 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    8 . 1     P o w e r  M a n a g e m e n t
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / p o w er- e l e c t ro n i c s - m a r ke t / t o c
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