The Global Power Electronics Market is estimated to reach USD 50.3 Billion in 2024 at a CAGR of 5.6%. Expanding automation and digitalization in industries and inclination towards renewable energy sources is expected to drive the power electronics market during the forecast period. However, lack of technical resources is expected to restrain the market during the forecast period. Technological innovations in electric vehicle/ hybrid electric vehicle (EV/HEV) is expected to become an opportunity for power electronics market.


Power electronics is a technology for energy saving and high functionality in energy and power usage. Power electronic components mainly act as a switch and use for reducting conduction loss. Power electronics mainly used in industrial, energy & power, aerospace & defense, and many other applications. Some key players in power electronics market are QUALCOMM, Inc., Infineon Technologies AGTexas Instruments Incorporated, ON Semiconductor Corp, and Mitsubishi Electric Corporation among others.

Power Electronics Market Segmentation

This market research report offers a comprehensive analysis of key market trends in the global power electronics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of material, the market is segmented into Silicon, Gallium nitride, Silicon carbide, Gallium arsenide, and others. By type, the power electronics market is segmented into power discrete, power module, and power IC. By end use industry, power electronics market is segmented into consumer electronics, automotive, aerospace and defence, energy and power, industrial, and others.


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Power Electronics Market Report Scope

The report on the power electronics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.


Companies Covered

  • QUALCOMM, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Infineon Technologies AG
  • Texas Instruments Incorporated
  • ON Semiconductor Corp
  • Mitsubishi Electric Corporation
  • Maxim Integrated Products Inc.
  • STMicroelectronics NV
  • Toshiba Corporation
  • Fuji Electric Co Ltd
  • Renesas Electronics Corporation
  • Other Key Companies


POWER ELECTRONICS Market report segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

POWER ELECTRONICS Market by Material

  • Silicon (Si)
  • Gallium nitride (GaN)
  • Silicon carbide (SiC)
  • Gallium arsenide (GaAs)
  • Others


POWER ELECTRONICS Market by Connectivity Protocol

Power Discrete

Power Diode

  • Standard Diode
  • Fast Recovery Diode
  • Schottky Diode


Power Transistor

  • Power BJT
  • Power MOSFET
  • IGBT


Power Module

  • SiC Power Module
  • Power Integrated Module
  • Intelligent Power Module

Power IC

  • Power Management IC
  • Application Specific IC


POWER ELECTRONICS Market by Application

  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Energy and Power
  • Industrial
  • Others


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  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Rest of Asia-Pacific

North America

  • US
  • Canada
  • Mexico


  • Germany
  • France
  • Italy
  • UK
  • The Netherlands
  • Rest of Europe

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

South America

  • Brazil
  • Argentina
  • Rest of South America


Key Questions answered by the report

  • What are the major developments impacting the power electronics market and its growth?
  • What will be the effects of the developments in the power electronics market on the industry and on the market players in the near and far future?
  • What are the evolving types of the power electronics market?
  • What are the evolving applications of power electronics market?
  • What are the major characteristics that will affect the power electronics market growth during the study period?
  • Who are the key players operating in the power electronics market?
  • How are the major players leveraging in the existing market conditions?


Report Audience

  • Power Electronics Market Providers
  • Power Electronics Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Power Electronics Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


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Table of Contents



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations



2.1       Introduction

2.2       Primary Research

2.2.1    Key Industry Expert Insight

2.3       Secondary Research

2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation





4.1       Introduction

4.2       Drivers

4.2.1    Expanding Automation and Digitalization in Industries

4.2.2    Inclination Towards Renewable Energy Sources

4.2.3    Regulatory Push Towards Reduced Emissions

4.3       Restraints

4.3.1    Lack of Technical Resources

4.4       Opportunities

4.4.1.    Technological Innovations in EV/HEV

4.4.2.    Development of Alternative Materials

4.5       Challenges

4.5.1.    Availability of Raw Materials



5.1       Introduction

5.1.1.    Power of Buyers

5.1.2.    Power of Suppliers

5.1.3.    Intensity of Competition

5.1.4.    Challenges of Substitutes

5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators


6      GLOBAL POWER ELECTRONICS MARKET BY MATERIAL, Market Size in USD Million (2017—2024)

6.1       Introduction

6.2       Silicon (Si)

6.3       Gallium nitride (GaN)

6.4       Silicon carbide (SiC)

6.5       Gallium arsenide (GaAs)

6.6       Others


7      GLOBAL POWER ELECTRONICS MARKET BY TYPE, Market Size in USD Million (2017—2024)

7.1       Introduction

7.2       Power Discrete

7.2.1    Power Diode   Standard Diode   Fast Recovery Diode   Schottky Diode

7.2.2    Power Transistor   Power BJT   Power MOSFET   IGBT

7.2.3    Thyristors

7.3       Power Module

7.3.1    SiC Power Module

7.3.2    Power Integrated Module

7.3.3    Intelligent Power Module

7.4       Power IC

7.4.1    Power Management IC

7.4.2    Application Specific IC



8.1       Introduction

8.2       Consumer Electronics

8.3       Automotive

8.4       Aerospace & Defense

8.5       Energy and Power

8.6       Industrial

8.7       Others


9      GLOBAL POWER ELECTRONICS MARKET BY REGION, Market Size in USD Million (2017—2024)

9.1       North America

9.1.1    US

9.1.2    Canada

9.1.3    Mexico

9.2       Europe

9.2.1    Germany

9.2.2    France

9.2.3    Italy

9.2.4    UK

9.2.5    The Netherlands

9.2.6    Rest of Europe

9.3       Asia-Pacific

9.3.1    China

9.3.2    India

9.3.3    Japan

9.3.4    South Korea

9.3.5    Taiwan

9.3.6    Rest of Asia-Pacific

9.4       Middle East & Africa

9.4.1    Saudi Arabia

9.4.2    UAE

9.4.3    Rest of Middle East

9.5       South America

9.5.1    Brazil

9.5.2    Argentina

9.5.3    Rest of South America



10.1     Introduction

10.2     Market Ranking/Share Analysis of Key Companies

10.3     Company Benchmarking



11.1     QUALCOMM, Inc.

11.1.1    Company Overview

11.1.2    Financial Overview

11.1.3    Products/Solutions/Services Offered

11.1.4    Key Developments

11.1.5    SWOT Analysis

11.2     Infineon Technologies AG

11.3     Texas Instruments Incorporated

11.4     ON Semiconductor Corp

11.5     Mitsubishi Electric Corporation

11.6     Maxim Integrated Products Inc.

11.7     STMicroelectronics NV

11.8     Toshiba Corporation

11.9     Fuji Electric Co Ltd

11.10 Renesas Electronics Corporation

11.11 Other Key Companies



12.1     Key Industry Expert Insights

12.2     Primary Discussion Guide

12.3     Customization Options


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