Power Electronics Industry
                      
Power Electronics Industry worth USD 67.42 billion by 2030 
The report "Power Electronics Industry by Power Discrete (Diode, Transistor, Thyristor), Power 
Module (FET, IGBT, Intelligent Power Module, Standard and Power Integrated Module), Power 
IC, Silicon, Silicon Carbide, Gallium Nitride - Global Forecast to 2030" The power electronics 
market is expected to reach USD 67.42 billion by 2030 from USD 51.73 billion in 2025, at a 
CAGR of 5.4% during the forecast period. The market is driven by increasing demand for clean 
energy solutions, the electrification of transportation, and advancements in wide-bandgap 
semiconductors such as SiC and GaN. Growing adoption of smart grids, rising investment in 
renewable power infrastructure, and the global push for energy conservation and carbon 
emission reduction further propel the market growth. 
The automotive & transportation segment is expected to exhibit the highest CAGR during the 
forecast period. 
The automotive & transportation segment is expected to witness the highest CAGR during the 
forecast period due to the growing adoption of electric vehicles (EVs) and hybrid electric 
vehicles (HEVs), increasing integration of advanced driver-assistance systems (ADAS) and 
infotainment, and the ongoing shift toward vehicle electrification and smart mobility solutions. 
Growing EV and HEV adoption significantly increases demand for power electronics 
components such as inverters, converters, and battery management systems, as these are 
essential for ensuring energy efficiency, optimized power distribution, and reliable vehicle 
performance. As EVs become more mainstream, the need for efficient power conversion and 
control technologies continues to grow, boosting demand for advanced power electronics. 
Simultaneously, increasing integration of ADAS and infotainment systems requires compact and 
efficient power electronic solutions to manage and distribute power seamlessly across 
increasingly complex vehicle architectures. Furthermore, the ongoing shift toward vehicle 
electrification and smart mobility encourages automakers to adopt power electronics that 
support reduced emissions, real-time monitoring, and enhanced safety features. This trend is 
also accelerating the development of autonomous and connected vehicles, which rely heavily 
on power electronics. 
The power integrated circuits (ICs) segment is expected to account for the largest market 
share during the forecast period. 
Power ICs hold the largest market share of the overall market during the forecast period due to 
their widespread use in consumer electronics, growing demand for energy-efficient devices, 
and increasing integration in automotive, industrial, and telecommunication applications. 
Power ICs are essential components in smartphones, laptops, tablets, and other consumer 
gadgets, where they manage power supply, battery charging, and energy efficiency. As global 
 
 
consumption of electronic devices continues to surge, particularly in emerging economies, the 
demand for power ICs is rising proportionately. Furthermore, the increasing emphasis on 
energy-efficient electronics across industries is accelerating the adoption of power ICs, as they 
help reduce energy loss, extend battery life, and support eco-friendly designs. These trends 
make power ICs indispensable across diverse verticals, reinforcing their dominance in the 
power electronics market and driving their large-scale deployment during the forecast period. 
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Asia Pacific is projected to dominate the global market during the forecast period. 
Asia Pacific region holds the largest share in the global power electronics market during the 
forecast period due to the presence of major electronics manufacturing hubs, rapid 
industrialization and urbanization, and growing demand for electric vehicles (EVs) and 
renewable energy systems. Countries like China, Japan, South Korea, and Taiwan serve as global 
electronics manufacturing powerhouses, enabling high-volume production and consumption of 
power electronics components across consumer electronics, industrial machinery, and 
automotive applications. Additionally, rapid   and urbanization in emerging economies such as 
India, Vietnam, and Indonesia are fueling infrastructure development, manufacturing 
expansion, and the rise of smart cities, all of which demand advanced, power-efficient 
technologies. Furthermore, the region is experiencing a surge in the adoption of EVs and 
renewable energy systems, supported by government policies, environmental concerns, and 
investments in green technologies. This is leading to increased deployment of power electronic 
devices such as inverters, converters, and energy management systems in solar, wind, and 
electric transportation systems. 
The report profiles key players such as Infineon Technologies AG (Germany), Texas Instruments 
Incorporated (US), Semiconductor Components Industries, LLC (US), STMicroelectronics 
(Switzerland), Analog Devices, Inc. (US), Mitsubishi Electric Corporation (Japan), Renesas 
Electronics Corporation (Japan), TOSHIBA CORPORATION (Japan), Fuji Electric Co., Ltd. (Japan), 
and Vishay Intertechnology, Inc. (US). These players have adopted various organic and inorganic 
growth strategies such as product launches, expansions, acquisitions, partnerships, 
collaborations, agreements, and investments.