Power Electronics Market Expected to Touch 43 Billion by 2023 | Top Companies: Texas Instruments, Infineon Technologies AG, ON Semiconductor Corp.

Aside from this, the report also represents the market performance by providing a value chain analysis that would help to provide better product differentiation along with the analysis of each classification regarding opportunity, market attractiveness index and growth rate.

Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs etc.

Moreover, power electronics find its applications in connection of renewable energy resources to power grids, transportation in electric trains, motor drives and lighting.

The global Revenue of Power Electronics for Electric Vehicles is about 3900 M USD, the biggest production regions is in Europe, China is the largest production growth rate region; The largest consumption region is also the Europe, China has largest consumption growth rate.

According to this study, over the next five years the Power Electronics for Electric Vehicles market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 5650 million by 2024, from US$ 4110 million in 2019.

Browse the complete Power Electronics for Electric Vehicles market Report and TOC @ https://www.decisiondatabases.com/ip/15604-power-electronics-for-electric-vehicles-market-analysis-report The key manufacturers covered in this report: SharpShinyei GroupPanasonicWuhan Cubic OptoelectronicAmphenol Advanced SensorsOmron CorporationHoneywellPlanTowerDelphiSensirionBosch Mobility SolutionsNova FitnessWinsenContinental Segmentation by product type: Power ICPower ModulePower Discrete Segmentation by application: HEVEVPHEV This report also splits the market by region: Americas United States Canada Mexico Brazil APAC ChinaJapan…….

May 10, 2019: The global power electronics market is expected to reach USD 39.22 billion by 2025, according to a new report by Grand View Research, Inc.

Increased focus on the usage of renewable energy sources has been one of the major factors driving the market.

Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy.

They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.Download sample Copy of This Report at: https://www.radiantinsights.com/research/power-electronics-market/request-sample The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices.

The market possesses significant potential for growth and is dynamic and adaptive in nature.

Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing market growth.

 The Global Power Electronics Market size was accounted at USD 24.5 billion in 2020, and is expected to reach USD 40.6 billion by 2030, registering a CAGR of 5.2%.Electronic devices & semiconductors are critical technological enablers that power a large number of today's cutting-edge digital gadgets.

Mobile devices, communications equipment, information technology, office automation (IT & OA), industrial machinery, cars, and a variety of other end-use sectors all have computer applications in some form or another, necessitating increased need for semiconductors.

Emerging technologies like as autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things, together with steady R expenditure and rivalry among important companies, are expected to propel the global semiconductor industry forwards far into the next decade.With the Covid-19 epidemic driving increased demand for electronic gadgets, the world's electronics and semiconductor industries predict a bright future.Market Dynamics and Factors:The use of safety-related electronics technologies in the automobile industry has exploded.

A spike in demand for different semiconductor devices in automobiles, such as microcontrollers (MCUs), sensors, and memory, would help automotive semiconductor providers.

In the coming decade, more semiconductor content will be added to automobile electronics and subsystems due to automation, electrification, digital connection, and security.

Geographically, the global market can be broadly divided into five regions mainly North America, Europe, Asia Pacific, and ROW.Competitive Analysis:KEY PLAYERSTexas InstrumentsQualcomm Inc.Mitsubishi Electric Corp.ToshibaHitachiFuji ElectricRenesas Electronic CorporationON SemiconductorSTMicroelectronicsMicrosemi CorporationABB LtdGeographic Analysis:On a regional basis,North American consumer electronics industry is expected to develop steadilybecause of the large number of internet users and the early adoption of smart household electric equipment& IOT Technology.