Dublin, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The "Power Electronics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The report provides a comprehensive analysis of the global market perspective for power electronics, with a focus on key regions including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
It covers both recent past and future projections for the years 2022 to 2030. The analysis includes annual sales figures in US$ million and percentage CAGR for various product segments, such as power ICs, power modules, power discrete, industrial, aerospace & defense, other verticals, automotive & transportation, consumer electronics, ICT, silicon, silicon carbide, and gallium nitride.
The report delves into the market dynamics, providing valuable insights into market growth trends and opportunities in the changing post-COVID-19 business landscape.
Additionally, it presents a detailed evaluation of key competitors' market presence across multiple geographies and offers access to digital archives and research platforms with complimentary updates for one year.
Global Power Electronics Market to Reach $61.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Power Electronics estimated at US$35.8 Billion in the year 2022, is projected to reach a revised size of US$61.8 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.
Power ICs, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$32 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Modules segment is readjusted to a revised 7.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.7 Billion, While China is Forecast to Grow at 10.8% CAGR
The Power Electronics market in the U.S. is estimated at US$9.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.7 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
What's New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
A selection of companies mentioned in this report includes
- ABB Group
- Fuji Electric Co. Ltd.
- Infineon Technologies AG
- Maxim Integrated Products, Inc.
- Microsemi Corporation
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V
- ON Semiconductor Corp.
- Qualcomm, Inc.
- Renesas Electronics Corporation
- Rockwell Automation
- STMicroelectronics
- Texas Instruments Incorporated
- Toshiba Corporation
- Vishay Intertechnology, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/cp9q4i
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