Million Insights
Market Research Released A New Research Report On Global Power Electronics
Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
Pune, India: November
1, 2019- Power Electronics Market is solid-state
circuit that control electric power in efficient manner. The emerging demand
for energy-efficient, battery powered devices and use of electronics in
different industries is likely to fuel market globally over a forecast period.
In 2016, the market size of power electronics was valued at USD 32.33 globally.
The growing trend of energy harvesting, usage of renewable
energy sources are key reasons that are anticipated in growth of industry in
coming period. The use of power electronics in electric vehicle is also
considered to be important in market growth.
Power electronics is a circuit that is used to control and
conversion of electric power. A rectifier is a common device that is used in
many consumer electronics devices such as computer, battery charger and
television set.
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visit @ https://www.millioninsights.com/industry-reports/power-electronics-market-size/request-sample
At present, the power electronics has applications in
electric cars and hybrid electric vehicles to avoid power loss. Electric
trains, elevators also make use of power electronics that has ability to
regulate energy flow into unidirectional and bidirectional depending on usage.
The rapid adoption of new technology for efficient energy
usage is major driver for power electronics market. Aerospace & defense,
consumer electronics, automobile sector are areas where power electronics are
used widely.
Government initiatives to opt for renewable energy at all
platforms, faster switching, rise in demand for higher efficiency are other
additional factors that are expected to boost the market growth and is expected
to create new opportunities.
ICT, automobile, consumer electronics, industrial, aerospace
& defense are functional areas where power electronics are used widely. In
2016, the power segment dominated in terms of market size.
Automobile sector will witness fastest growth at CAGR of
2.8% in given period. Application in Hybrid electric vehicles (HEV), electric
cars and awareness about growing pollution in environment will have positive
impact in industry growth.
The development of various alternatives and use of renewable
energy so as to conserve natural resources such as fossil fuels is paving the
way for use of power electronics devices in automobile sector.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/power-electronics-market-size
Market Segment:
Material Outlook (Revenue, USD Billion, 2014 - 2025)
• Silicon
• Sapphire
• Silicon Carbide (SiC)
• Gallium Nitride (GaN)
• Others
Device Outlook (Revenue, USD Billion, 2014 - 2025)
• Discrete
• Module
• IC
Application Outlook (Revenue, USD Billion, 2014 - 2025)
• ICT
• Consumer Electronics
• Power
• Industrial
• Automotive
• Aerospace & Defense
• Others
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