logo
logo

Power Electronics Market Overview and Growth Analysis 2026

avatar
Avinash
img

By 2026, The Power Electronics Market is anticipated to rise from USD 37.4 billion in 2021 to USD 46.3 billion, expanding at a CAGR of 4.4 percent. The main market drivers for power electronics are anticipated to be the rising usage of power electronics in consumer products, the rapid development of EVs, and increased deployment of renewable energy sources. Furthermore, it is anticipated that increased production of wide bandgap semiconductors would present potential for market expansion over the long run.

The Power Electronics Market is a developed industry with a crowded field of competitors. New product releases and deals are two major tactics used by leading players to expand their presence in the market, grow their market share, and improve their product portfolios. For instance, in July 2020, STMicroelectronics (Switzerland) introduced 26 new Schottky diodes with voltage ratings ranging from 25 to 200V and current ratings ranging from 1 to 5A. These devices were housed in low-profile SMA and SMB Flat packages. These surface-mount Schottky diodes with a low profile increase power density and efficiency. Six new products in a D2PAK true 2-pin package were added to Infineon's CoolSiC Schottky diode 1200V line in March 2020. The diodes are ideal for uses including solar string inverters, uninterruptible power supply, industrial power supplies, and DC charging stations. An deal to develop and deliver silicon carbide material worth USD 50 million was signed between GT Advanced Technologies (US) and ON Semiconductor (US) in March 2020. The agreement is valid for 5 years. As a result of this arrangement, GT Advanced Technologies will manufacture and provide its CrystX silicon carbide (SiC) material to ON Semiconductor, a leader in advancing energy-efficient innovations, for use in fast-growing markets and applications.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204729766

One of the major companies in the semiconductor solutions industry is Infineon Technologies, also known as Infineon. The business is committed to providing effective energy generation, transmission, and consumption for the market's sustainability and empowerment. Through its four main business divisions—Automotive, Industrial Power Control, Power & Sensor Systems, and Connected Secure Systems—Infineon provides power electronics devices that are essential to boosting energy efficiency throughout the whole energy conversion chain. Power semiconductors, microcontrollers, security controllers, radio frequency equipment, and sensors are among the company's product lines. MOSFETs, IGBTs, linear voltage regulators, DC-DC converters, diodes & thyristors, and intelligent power modules are just a few of the power electronics products that Infineon offers. These products are used in a variety of applications, such as switched-mode power supplies (SMPS), computing, motor control and drives, consumer electronics, mobile devices, lighting solutions, and automobiles. The business additionally makes use of silicon- and gallium-based goods to boost the effectiveness and performance of power electronics. The business targets the automotive, industrial, communications, consumer, and security electronics sectors with its products. Globally, in the Americas, Europe, the Middle East, and Asia Pacific, Infineon Technologies conducts business. The company has 21 manufacturing facilities and 54 research and development (R&D) facilities spread across the globe. A few subsidiaries of the company include Infineon Technologies Delta (Germany), Infineon Technologies Taiwan (Taiwan), and Infineon Technologies Holding (Netherlands).

Motorola created ON Semiconductor as a spinoff business (US). With a wide range of energy-efficient power and signal management, logic, standard, and bespoke devices available, it is one of the market's leading players in the power electronics sector. Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group are the company's three main business segments. The business is a top provider of semiconductor-based solutions, providing a wide range of energy-efficient power management, discrete, SoC, and bespoke devices, as well as analogue, sensors, logic, timing, and connection. Power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference tasks are just a few of the many application functions that the Power Solutions Group segment's discrete, module, and integrated semiconductor products can handle. A wide range of end users in the automotive, consumer, computing, industrial, communications, medical, and aerospace & defence markets use the analogue, mixed-signal, and advanced logic application-specific integrated circuits (ASICs), application-specific standard products (ASSPs), and power solutions that the Analog Solutions Group designs and develops. Through numerous manufacturing facilities and sales centres positioned throughout North America, Europe, and Asia Pacific, ON Semiconductor manages a global supply chain. Fairchild Semiconductor International, Semiconductor Components Industries, ON Semiconductor Holding, and ON Semiconductor Japan are a few of ON Semiconductor's subsidiaries (Japan).

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/power-electronics-market-204729766.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Visit Our Website: https://www.marketsandmarkets.com

collect
0
avatar
Avinash
guide
Zupyak is a the world’s largest content marketing community, with over 300 000 members and 3 million articles. Explore and get your content discovered.