The analysts forecast the global power electronics market to generate a revenue of close to USD 42 billion by 2022.
Power electronics pertains to the technology implemented in the creation, transfer, and use of electrical energy, which is generated at a source and needs to be transferred to a load.
The report covers the present scenario and the growth prospects of the global power electronics market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is increased use of wide bandgap materials. Wide bandgap materials have been considered as the next-generation semiconductor materials due to their properties such as high breakdown voltage and operability at high temperatures and frequencies at a smaller size than conventionally used silicon..
One driver in the market is increased adoption of renewable energy. The Renewable Energy growth program initiated by the US Department of Energy in 2015, got an extension till 2029. This program aims at producing 40 MW of combined renewable energy per year up to 2029, which includes solar, wind, hydropower, and anaerobic digestion projects.
The report states that one challenge in the market is technological limitations. Power semiconductor devices are predominantly based on silicon wafers. IGBTs, power MOSEFETs, and super-junction power MOSFETs are devices that are extensively used for high-and low-voltage applications, owing to their configurations.
- Infineon Technologies
- Mitsubishi Electric Corporation
- NXP Semiconductors
- Texas Instruments Incorporated
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/63v5sh/global_power?w=4