Power Electronics Market Overview 2023-2032 – Market Growth Analysis, Trends And Drivers

The Business Research Company’s Power Electronics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Power Electronics Global Market Report 2023 evaluates power electronics market size, growth rate, drivers, trends, and major companies.

 

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

 

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The global power electronics market size grew from $43.39 billion in 2022 to $47 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The power electronics market size is expected to grow to $59.5 billion in 2027 at a CAGR of 6.1%.

 

The power electronics market segments in the report are:

1) By Product: Discrete, Module

2) By Material: Silicon, Silicon Carbide, Gallium Nitride

3) By Voltage: Low Voltage, Medium Voltage, High Voltage

4) By Application: Power Management, UPS, Renewable, Other Applications

5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries

 

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The table of contents in TBRC’s power electronics market report includes:

1. Executive Summary

2. Power Electronics Market Characteristics

3. Power Electronics Market Trends And Strategies

4. Power Electronics Market – Macro Economic Scenario

5. Power Electronics Market Size And Growth

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27. Power Electronics Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Power Electronics Market

29. Power Electronics Market Future Outlook and Potential Analysis

30. Appendix

 

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