NEW YORK, October 14, 2016 /PRNewswire/ --
According to market research "Global Power Electronics Market Size, Share, Development, Growth and Demand Forecast to 2025 - Industry Insights by Device (Power Discrete, Power Modules, Power IC), by End-User (Consumer Electronics, Automotive, Industrial, Power & Energy, ICT, Aerospace & Defense, Others), By Voltage (Low Voltage, Medium Voltage, High Voltage, Very High Voltage)" by P&S Market Research, the global power electronics market was valued at $12,872.0 million in 2015 and is expected to witness a CAGR of 6.2% during 2016 - 2022. Based on technology, the power electronics market generated highest revenue from non-isolated DC-DC segment in 2015. Geographically, Asia-Pacific was the largest contributor to the global revenues of power electronics market.
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Power electronic devices ensure effective delivery of power, providing high reliability, security and flexibility to the power system. Power electronic devices play a key role in the conversion of the existing electrical grids to next-generation networks. At present, approximately 30% of all power generation is carried out using power electronic devices, either at the point of power generation or at the final consumption of electricity. It is expected that by 2030, up to 80% of the electricity produced will use power electronic devices. The high level of integration of power electronic devices with electricity grids, increase in demand for network reliability, government focus on reduction of environmental pollution and energy savings is further expected to drive the market during the forecast period.
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Some of the major companies operating in the global power electronics market include NXP Semiconductors N.V., Infineon Technologies AG, STMicroelectronics N.V., ON Semiconductor, Vishay Intertechnology Inc., Microsemi Corporation, Toshiba Corporation, and Texas Instruments Inc.
Global Power Electronics Market Segmentation
By Device
- Power Discrete
- Power Modules
- Power IC
By End-User
- Consumer Electronics
- Automotive
- Industrial
- Power & Energy
- ICT
- Aerospace & Defense
- Others
By Voltage
- Low Voltage (400V - 900V)
- Medium Voltage (1.2kV - 1.7 kV)
- High Voltage (2kV - 3.3kV)
- Very High Voltage (>3.3kV)
Global Next Generation Power Electronics Market Segmentation
SiC Power Device
- By Voltage
- By Application
GaN Power Device
- By Voltage
- By Application
GEOGRAPHICAL SEGMENTATION
By Region
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle-East & Africa (MEA)
- U.A.E.
- South Africa
- Rest of RoW
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