DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Power Electronics Market - Global Forecast to 2022" report to their offering.
The market is expected to be valued at USD 41.73 Billion by 2022, at a CAGR of 2.4% between 2016 and 2022. The major factors driving the growth of the power electronics market include the increasing demand for energy-efficient battery-powered portable devices, rising trend of energy harvesting technologies, enhancement of power infrastructure, and the growing focus toward using renewable power sources.
This report segments the market on the basis of material, device type, vertical, and geography. The market for silicon accounted for the largest share of the power electronics market based on material in 2015. This growth could be attributed to the applicability of silicon in various power electronics devices and products.
The power integrated circuits (IC) is expected to witness a significant growth during the forecast period. Power ICs are widely used for high-frequency range, high power amplification, and microwave radiation applications. Growth of the power ICs market in the industrial, ICT, aerospace and defense verticals is driven by various high-power and high-frequency applications such as radio frequency (RF), high-frequency wireless communication, radio detection and ranging (RADAR), satellite communication, and electronic warfare among others.
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Maxim Integrated Products, Inc.
- Mitsubishi Electric Corp.
- NXP Semiconductor N.V.
- ON Semiconductor Corp.
- Qualcomm, Inc.
- Renesas Electronics Corp.
- Stmicroelectronics N.V.
- Texas Instruments, Inc.
- Vishay Intertechnology, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Power Electronics Market, By Material
8 Power Electronics Market, By Device Type
9 Power Electronics Market, By Vertical
10 Power Electronics Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/k2qv2v/power_electronics