DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/96fq3s/global_power) has announced the addition of the "Global Power Electronics Market 2015-2019" report to their offering.
The global power electronics market to grow at a CAGR of 7.43% by revenue over the period 2014-2019.
Global Power Electronics Market in 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the global power electronics market landscape and its opportunities in the coming years. The report includes a discussion of the key vendors operating in this market. Also, this report presents the growth factors driving this market, the challenges faced by the vendors, and the trends influencing this market that will stimulate growth during the forecast period.
A major trend supporting market growth is the increasing need for energy conservation and renewable energies. Several vendors in the market are undertaking R&D to improve the density of power electronic products and offer better energy efficiency.
According to the report, the infiltration of power electronics in utility applications is an important growth driver for the market. These devices help with integration and increase the reliability of the power grid.
Further, the report states that the market faces challenges such as the high cost of power electronic devices, which reduces the scope for adoption. Most industries are trying to reduce operational expenditures and are reluctant to make high investments. Poor reliability and slow cooling of power electronic devices also hinder adoption, and therefore market growth.
The market has been segmented and sub-segmented based on the following:
- Consumer electronics
By device type
- Power discrete
- Power modules
- Power IC
- Infineon Technologies
- Mitsubishi Electric
Other prominent vendors
- Freescale Semiconductor
- NXP Semiconductor
- ON Semiconductor
- Renesas Electronics
- Rockwell Automation
For more information visit http://www.researchandmarkets.com/research/96fq3s/global_power