Power Electronics Market by Material, Device Type (Discrete, Module, and IC), Application, Vertical (ICT, Consumer Electronics, Energy and Power, Industrial, Automotive, and Aerospace & Defense), and Geography - Global Forecast to 2023

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Date: 04-Jun-2018
No. of pages: 129
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  • Power electronics market is expected to grow at a CAGR of 5.5% between 2018 and 2023


The power electronics market is expected to grow from USD 39.03 billion in 2018 to USD 51.01 billion by 2023, at a CAGR of 5.5% between 2018 and 2023. Growing demand for energy-efficient battery-powered portable devicesand upgrade of power infrastructure are the major drivers for the power electronics market growth, while complex design and integration process for advanced technological devices restrain the growth of the power electronics market.


  • Power electronics market for discrete devices expected to grow at the highest CAGR during the forecast period


This growth is attributed to the increasing use of power devices in automotive and industrial verticals. The market for power discrete in transportation applications is showing significant growth, as the production of hybrid and electric vehicles is growing at a high pace. Moreover, to reduce power consumption, power discrete devices are used in majority of the verticals such as energy &power, ICT, consumer electronics, automotive, industrial, and others.


  • Market for automotive vertical expected to grow at the highest CAGR during the forecast period


The advent of electric vehicles (EVs) is one of the most important steps of environment conservation. These vehicles do not use any fuel and, thus, do not emit harmful gases. This factor has accelerated the growth of the electric vehicles market. As these vehicles completely rely on electrical power supply, the use of electronic devices is more in these vehicles. These devices are poised to have a greater impact on the power electronics market in the coming years.


  • Power electronics market in APAC is expected to grow at the highest CAGR during the forecast period


The continuous demand for power in the industrial vertical plays a crucial role in the adoption of power electronics. The increasing demand for HVDC grids in China and India and the adoption of Greenfield projects for generating energy from renewable sources are expected to drive the growth of the power electronics market in APAC. Moreover, the automobile vertical plays a vital role in the power electronics market as it is one of the fastest-growing verticals in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profiles of primary participants has been given below:


  • By Company Type: Tier 1—20%, Tier 2—55%, and Tier 3—25%

  • By Designation: C-Level Executives—50%, Directors—25%, and Others—25%

  • By Region: North America—60%, Europe—20%, APAC—10%, and RoW—10%


Major players in the power electronics market are Infineon Technologies (Germany), Texas Instruments (US), On Semiconductor (US), ST Microelectronics (Switzerland), Mitsubishi Electric (Japan), Fuji Electric (Japan), Renesas Electronics (Japan), Toshiba (Japan), NXP Semiconductors (The Netherland), Vishay Inter technology (US), Maxim Integrated Products (US), SEMIKRON (Germany), ABB (Switzerland), Hitachi(Japan), Analog Devices (US), ROHM Semiconductor (Japan), Microsemi (US), Littelfuse (US), Microchip Technology (US), and Danfoss (Denmark).

Research Coverage:

The report defines, describes, and forecasts the power electronics market based on device type, material, application, vertical, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the power electronics market. It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.

Reasons to Buy the Report:


  • Illustrative segmentation, analysis, and forecast pertaining to the power electronics market based on device type, material, application, vertical, and geography have been conducted to provide an overall view of the power electronics market.

  • Major drivers, restraints, opportunities, and challenges affecting the power electronics market growth have been detailed in this report.

  • A detailed competitive landscape of the key players in the market, along with their revenues, has been included.

Power Electronics Market by Material, Device Type (Discrete, Module, and IC), Application, Vertical (ICT, Consumer Electronics, Energy and Power, Industrial, Automotive, and Aerospace & Defense), and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Years Considered for Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.3 Market Share Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Overall Power Electronics Market
4.2 Power Electronics Market, By Device Type
4.3 Power Electronics Market, By Application and Country
4.4 Power Electronics Market, By Application
4.5 Power Electronics Market, By Vertical
4.6 Power Electronics Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Upgrade of Power Infrastructure and Focus Toward the Use of Renewable Power Sources
5.2.1.2 Growing Demand for Energy-Efficient Battery-Powered Portable Devices
5.2.2 Restraints
5.2.2.1 Complex Design and Integration Process for Advanced Technological Devices
5.2.3 Opportunities
5.2.3.1 Growing Demand for HEVS and EVS
5.2.3.2 Growing Industrialization in Developing Economies
5.2.4 Challenges
5.2.4.1 Manufacturers Struggling to Cope With Frequently Changing Demand for More Compact and Efficient Devices at Low Prices

6 Power Electronics Market, By Material
6.1 Introduction
6.2 Silicon (Si)
6.3 Silicon Carbide (SiC)
6.4 Gallium Nitride (GaN)
6.5 Others

7 Power Electronics Market, By Device Type
7.1 Introduction
7.2 Power Discrete
7.2.1 Diode
7.2.1.1 Pin Diode
7.2.1.2 Zener Diode
7.2.1.3 Schottky Diode
7.2.2 Transistor
7.2.2.1 Bipolar Junction Transistor (BJT)
7.2.2.2 Insulated Gate Bipolar Transistor (IGBT)
7.2.2.3 Field Effect Transistor (FET)
7.2.3 Thyristor
7.3 Power Module
7.3.1 Intelligent Power Module (IPM)
7.3.2 Power Integrated Module (PIM)
7.3.2.1 Mosfet Module
7.3.2.2 IGBT Module
7.4 Power IC
7.4.1 Power Management IC
7.4.2 Application-Specific IC

8 Power Electronics Market, By Application
8.1 Introduction
8.2 Power Management
8.3 Drives
8.4 UPS
8.5 Rail Traction
8.6 Transportation
8.7 Renewable
8.8 Others

9 Power Electronics Market, By Vertical
9.1 Introduction
9.2 ICT
9.3 Consumer Electronics
9.4 Energy and Power
9.5 Industrial
9.6 Automotive
9.7 Aerospace and Defense
9.8 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis of Players in the Power Electronics Market
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Agreements, Partnerships, Contracts, and Collaborations
11.3.3 Mergers & Acquisitions
11.3.4 Expansions

12 Company Profiles
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1.1 Infineon Technologies
12.1.2 Texas Instruments
12.1.3 On Semiconductor
12.1.4 STMicroelectronics
12.1.5 Mitsubishi Electric
12.1.6 Fuji Electric
12.1.7 Renesas Electronics
12.1.8 Toshiba
12.1.9 NXP Semiconductors
12.1.10 Vishay Intertechnology
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12.2 Other Key Players
12.2.1 Maxim Integrated Products
12.2.2 Semikron
12.2.3 ABB
12.2.4 Hitachi
12.2.5 Analog Devices
12.2.6 ROHM Semiconductor
12.2.7 Microsemi Corporation
12.2.8 Littelfuse
12.2.9 Microchip Technology
12.2.10 Danfoss

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customization
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Power Electronics Market, By Material, 2015–2023 (USD Billion)
Table 2 Power Electronics Market, By Device Type, 2015–2023 (USD Billion)
Table 3 Power Electronics Market for Discrete, By Components, 2015–2023 (USD Billion)
Table 4 Power Electronics Market for Transistors, By Type, 2015–2023 (USD Billion)
Table 5 Power Electronics Market for Discrete, By Components, 2015–2023 (Million Units)
Table 6 Power Electronics Market for Transistors, By Type, 2015–2023 (Million Units)
Table 7 Power Electronics Market for Discrete, By Application, 2015–2023 (USD Billion)
Table 8 Power Electronics Market for Discrete, By Vertical, 2015–2023 (USD Billion)
Table 9 Power Electronics Market for Discrete, By Region, 2015–2023 (USD Billion)
Table 10 Power Electronics Market for Modules, By Components, 2015–2023 (USD Billion)
Table 11 Power Electronics Market for PIM, By Type, 2015–2023 (USD Billion)
Table 12 Power Electronics Market for Modules, By Components, 2015–2023 (Million Units)
Table 13 Power Electronics Market for PIM, By Type, 2015–2023 (Million Units)
Table 14 Power Electronics Market for Module, By Application, 2015–2023 (USD Billion)
Table 15 Power Electronics Market for Module, By Vertical, 2015–2023 (USD Billion)
Table 16 Power Electronics Market for Module, By Region, 2015–2023 (USD Billion)
Table 17 Power Electronics Market for IC, By Components, 2015–2023 (USD Billion)
Table 18 Power Electronics Market for IC, By Application, 2015–2023 (USD Billion)
Table 19 Power Electronics Market for IC, By Vertical, 2015–2023 (USD Billion)
Table 20 Power Electronics Market for IC, By Region, 2015–2023 (USD Billion)
Table 21 Power Electronics Market, By Application, 2015–2023 (USD Billion)
Table 22 Power Electronics Market for Power Management, By Device Type, 2015–2023 (USD Billion)
Table 23 Power Electronics Market for Power Management, By Region, 2015–2023 (USD Billion)
Table 24 Power Electronics Market for Drives, By Device Type, 2015–2023 (USD Billion)
Table 25 Power Electronics Market for Drives, By Region, 2015–2023 (USD Billion)
Table 26 Power Electronics Market for UPS, By Device Type, 2015–2023 (USD Billion)
Table 27 Power Electronics Market for UPS, By Region, 2015–2023 (USD Billion)
Table 28 Power Electronics Market for Rail Traction, By Device Type, 2015–2023 (USD Billion)
Table 29 Power Electronics Market for Rail Traction, By Region, 2015–2023 (USD Billion)
Table 30 Power Electronics Market for Transportation, By Device Type, 2015–2023 (USD Billion)
Table 31 Power Electronics Market for Transportation, By Region, 2015–2023 (USD Billion)
Table 32 Power Electronics Market for Renewable, By Device Type, 2015–2023 (USD Billion)
Table 33 Power Electronics Market for Renewable, By Region, 2015–2023 (USD Billion)
Table 34 Power Electronics Market for Others, By Device Type, 2015–2023 (USD Billion)
Table 35 Power Electronics Market for Others, By Region, 2015–2023 (USD Billion)
Table 36 Power Electronics Market, By Vertical, 2015–2023 (USD Billion)
Table 37 Power Electronics Market for ICT, By Device Type, 2015–2023 (USD Billion)
Table 38 Power Electronics Market for Consumer Electronics, By Device Type, 2015–2023 (USD Billion)
Table 39 Power Electronics Market for Energy and Power, By Device Type, 2015–2023 (USD Billion)
Table 40 Power Electronics Market for Industrial, By Device Type, 2015–2023 (USD Billion)
Table 41 Power Electronics Market for Automotive, By Device Type, 2015–2023 (USD Billion)
Table 42 Power Electronics Market for Aerospace and Defense, By Device Type, 2015–2023 (USD Billion)
Table 43 Power Electronics Market for Others, By Device Type, 2015–2023 (USD Billion)
Table 44 Power Electronics Market, By Region, 2015–2023 (USD Billion)
Table 45 Power Electronics Market in North America, By Country, 2015–2023 (USD Billion)
Table 46 Power Electronics Market in North America, By Device Type, 2015–2023 (USD Billion)
Table 47 Power Electronics Market in North America, By Application, 2015–2023 (USD Billion)
Table 48 Power Electronics Market in the US, By Device Type, 2015–2023 (USD Billion)
Table 49 Power Electronics Market in Canada, By Device Type, 2015–2023 (USD Billion)
Table 50 Power Electronics Market in Europe, By Country, 2015–2023 (USD Billion)
Table 51 Power Electronics Market in Europe, By Device Type, 2015–2023 (USD Billion)
Table 52 Power Electronics Market in Europe, By Application, 2015–2023 (USD Billion)
Table 53 Power Electronics Market in Germany, By Device Type, 2015–2023 (USD Billion)
Table 54 Power Electronics Market in UK, By Device Type, 2015–2023 (USD Billion)
Table 55 Power Electronics Market in France, By Device Type, 2015–2023 (USD Billion)
Table 56 Power Electronics Market in Italy, By Device Type, 2015–2023 (USD Billion)
Table 57 Power Electronics Market in Rest of Europe, By Device Type, 2015–2023 (USD Billion)
Table 58 Power Electronics Market in APAC, By Country, 2015–2023 (USD Billion)
Table 59 Power Electronics Market in APAC, By Device Type, 2015–2023 (USD Billion)
Table 60 Power Electronics Market in APAC, By Application, 2015–2023 (USD Billion)
Table 61 Power Electronics Market in China, By Device Type, 2015–2023 (USD Billion)
Table 62 Power Electronics Market in Japan, By Device Type, 2015–2023 (USD Billion)
Table 63 Power Electronics Market in South Korea, By Device Type, 2015–2023 (USD Billion)
Table 64 Power Electronics Market in Rest of APAC, By Device Type, 2015–2023 (USD Billion)
Table 65 Power Electronics Market in RoW, By Device Type, 2015–2023 (USD Billion)
Table 66 Power Electronics Market in RoW, By Application, 2015–2023 (USD Billion)
Table 67 Ranking of Key Players in the Power Electronics Market (2017)
Table 68 Product Launches, 2016-2018
Table 69 Agreements, Partnerships, Contracts, and Collaborations, 2016-2018
Table 70 Mergers & Acquisitions, 2016-2017
Table 71 Expansions, 2017-2018

List of Figures

Figure 1 Power Electronics Market Segmentation
Figure 2 Power Electronics Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 IC Expected to Dominate the Power Electronics Market During the Forecast Period
Figure 9 Market for Gallium Nitride to Grow at the Highest CAGR During the Forecast Period
Figure 10 Transportation to Hold the Largest Market Share During the Forecast Period
Figure 11 Automotive Expected to Be the Fastest-Growing Vertical During the Forecast Period
Figure 12 APAC Expected to Be the Fastest-Growing Region Regarding the Power Electronics Market During the Forecast Period
Figure 13 Upgrade of Power Infrastructure and Focus Toward the Use of Renewable Power Sources Driving the Power Electronics Market
Figure 14 ICS Expected to Dominate the Power Electronics Market During the Forecast Period
Figure 15 Transportation Application Expected to Hold the Largest Share of Power Electronics Market in APAC By 2023
Figure 16 Transportation Expected to Hold the Largest Market During the Forecast Period
Figure 17 Automotive Expected to Hold the Largest Market During the Forecast Period
Figure 18 China Expected to Witness the Highest Growth in the Power Electronics Market By 2023
Figure 19 Power Electronics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 China Expected to Lead the Power Electronics Market During the Forecast Period
Figure 21 Snapshot: Power Electronics Market in North America
Figure 22 Snapshot: Power Electronics Market in Europe
Figure 23 Snapshot: Power Electronics Market in APAC
Figure 24 Product Launch Was the Key Strategy Adopted By Major Players Between 2015 and April 2018
Figure 25 Infineon Technologies: Company Snapshot
Figure 26 Texas Instruments: Company Snapshot
Figure 27 on Semiconductor: Company Snapshot
Figure 28 Stmicroelectronics: Company Snapshot
Figure 29 Mitsubishi Electric: Company Snapshot
Figure 30 Fuji Electric: Company Snapshot
Figure 31 Renesas Electronics: Company Snapshot
Figure 32 Toshiba: Company Snapshot
Figure 33 NXP Semiconductors: Company Snapshot
Figure 34 Vishay Intertechnology: Company Snapshot

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