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Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Renewable Power Generation, Automotive, Power Grids, Traction Locomotives, and Others), and Region (North America, APAC, Europe, and RoW) - Global Forecast to 2030

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Date: 24-Nov-2020
No. of pages: 153
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 “Solid-state transformer market to grow at a CAGR of 15.8% from 2024 to 2030”

The solid-state transformer market size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030; it is expected to grow at a CAGR of 15.8% from 2024 to 2030. The key factors driving the growth of the solid-state transformer market are growing alternative energy sector, and increasing investments in smart grids and energy systems.

“Market for HV/MV to account for larger market share during forecast period”

The HV/MV segment is expected to continue to hold a larger market size during the forecast period. The growth of the HV/MV segment of the solid-state transformer market can be attributed to the increased adoption of these transformers in renewable power generation applications. The outbreak and the spread of the COVID-19 have also impacted the growth of the solid-state transformer market globally. It is expected to witness a forward push from 2024 onward.

“Renewable power generation application to hold largest size during forecast period”

The renewable power generation application is expected to hold the largest market size during the forecast period. The growth of the renewable power generation segment of the solid-state transformer market can be attributed to the expected early adoption of these transformers for power generation from wind, solar, and tidal energy. Wind energy is a key contributor to the power generated from the alternative sources of energy, while APAC is a leader in this field. Though conventional systems (step-up transformers and STATCOMs) are cost-effective solutions, solid-state transformers can be instrumental in playing the role of both step-up transformers and STATCOMs with improved reactive power compensation. This, in turn, is expected to lead to increased use of solid-state transformers for wind energy production.

“APAC is expected to capture largest market size during forecast period”           

The APAC region is expected to hold the largest share of the solid-state transformer market during the forecast period. China and India are expected to be the largest consumers of solid-state transformers in APAC. The planned investments in energy infrastructure and technology by various APAC countries and the growth of the wind power market are likely to offer significant growth opportunities to the solid-state transformer market. China and India are the frontier markets for solid-state transformers in the APAC region, and the steady growth of renewable energy and electric vehicle charging infrastructure in these countries post-COVID-19 is expected to fuel the high growth rate of the solid-state transformer market in this region.

The break-up of the profiles of primary participants for the report has been given below:


  • By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%

  • By Designation: C-Level Executives = 48%, Directors = 33%, and Others= 19%

  • By Region:  North America = 35%, Europe = 18%, APAC = 40%, and RoW = 7%


Major players expected to operate in the solid-state transformer market include Hitachi (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric (Japan), General Electric (US), Eaton (Ireland), Varentec (US), Amantys (UK), Ermco (US), and SPX Transformer Solutions (US).

Research Coverage:

The research report on the global solid-state transformer market covers the market based on voltage level, application, and region. Based on voltage level, the market has been segmented into HV/MV, and MV/LV. Based on application, the solid-state transformer market has been segmented into renewable power generation, automotive, power grids, traction locomotives, and others. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:                                                                                                         


  • This report segments the solid-state transformer market comprehensively and provides the closest approximations of the overall market size, as well as that of the sub segments across different voltage levels, applications, and regions.

  • The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.

  • The report helps to understand the COVID-19 impact on the solid-state transformer market  

Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Renewable Power Generation, Automotive, Power Grids, Traction Locomotives, and Others), and Region (North America, APAC, Europe, and RoW) - Global Forecast to 2030

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition And Scope
1.3 Inclusions And Exclusions
1.4 Study Scope
1.4.1 Markets Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Solid-State Transformer Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List Of Key Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary And Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Arriving At Market Size Using Bottom-Up Analysis
Igure 2 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Arriving At Market Size Using Bottom-Up Analysis
Figure 3 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown And Data Triangulation
Figure 4 Market Breakdown And Data Triangulation
2.4 Research Assumptions
Figure 5 Assumption For Research Study

3 Executive Summary
Figure 6 Hv/Mv Segment To Account For Large Share Of Solid-State Transformer Market In 2024
Figure 7 Renewable Power Generation Segment Of Solid-State Transformer Market To Grow At Highest Cagr From 2024 To 2030
Figure 8 Solid-State Transformer Market In Apac To Grow At Highest Cagr From 2024 To 2030

4 Premium Insights
4.1 Attractive Opportunities In Solid-State Transformer Market
Figure 9 Growth Of Alternative Energy Sector To Fuel Global Demand For Solid-State Transformers
4.2 Solid-State Transformer Market, By Voltage Level
Figure 10 Hv/Mv Segment To Account For Large Size Of Solid-State Transformer Market From 2024 To 2030
4.3 Solid-State Transformer Market, By Industry And Region
Figure 11 Renewable Power Generation Segment And Apac To Account For Largest Shares Of Solid-State Transformer Market In 2024
4.4 Solid-State Transformer Market, By Geography
Figure 12 China Estimated To Hold Largest Share Of Solid-State Transformer Market In 2024

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 13 Solid-State Transformer Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Growing Alternative Energy Sector
Figure 14 Global Alternative Energy Production Outlook (Terawatt-Hours)
Table 1 Global Installed Wind Energy Capacity (Gigawatt)
5.2.1.2 Increasing Investments In Smart Grids And Energy Systems
Table 2 Key Smart Grid Investment Initiatives
Figure 15 Drivers Of Solid-State Transformer Market And Their Impacts
5.2.2 Restraints
5.2.2.1 High Initial Costs Of Solid-State Transformers
5.2.2.2 Reluctance Of Power Companies To Replace Aging Energy Infrastructures
5.2.2.3 Global Industrial Slowdown Due To Covid-19
Figure 16 Restraints Of Solid-State Transformer Market And Their Impacts
5.2.3 Opportunities
5.2.3.1 Increasing Adoption Of Electric Vehicles And Traction Locomotives
5.2.3.2 Upcoming Smart City Projects In Developing Regions
Figure 17 Opportunities Of Solid-State Transformer Market And Their Impacts
5.2.4 Challenges
5.2.4.1 Trade-Off Between Efficiency, Reliability, And Ultra-High Voltage Application Of Solid-State Transformers
Figure 18 Challenges Of Solid-State Transformer Market And Their Impacts
5.3 Value Chain Analysis
Figure 19 Value Chain Analysis: Major Value Addition During Manufacturing/Assembly Stages
5.4 Ecosystem
Figure 20 Solid-State Transformer Market: Ecosystem
5.5 Patent Analysis
5.6 Pricing Analysis
5.7 Case Study
5.7.1 Future Renewable Electric Energy Delivery And Management System—Freedm System
5.8 Technology Trends
5.8.1 Smart Grids

6 Components Used In Solid-State Transformers
6.1 Introduction
6.2 Converters
6.2.1 Ac To Dc Converters
Figure 21 Ac To Dc Converter Circuit Diagram
6.2.2 Dc To Ac Converters
6.2.3 Dc To Dc Converters
6.3 Switches
6.3.1 Sic Power Mosfets
6.3.2 Power Diodes
6.3.3 Insulated-Gate Bipolar Transistors
6.4 High-Frequency Transformers
6.5 Others
6.5.1 High-Voltage Inductors
6.5.2 High-Voltage Capacitors
6.5.3 High-Voltage Resistors
6.6 Solid-State Transformer Architecture
6.6.1 Ssti-Block
6.6.2 Sstblock

7 Classification Of Solid-State Transformers
7.1 Introduction
7.2 Power Stages
7.2.1 One Stage
7.2.2 Two Stage
7.2.3 Three Stage
7.3 Isolation Stage Controls
7.3.1 Decoupled Isolation Stage Controls
7.3.2 Coupled Isolation Stage Controls

8 Solid-State Transformer Market, By Voltage Level
8.1 Introduction
Figure 22 Hv/Mv Segment To Account For Large Size Of Solid-State Transformer Market From 2024 To 2030
Table 3 Solid-State Transformer Market, By Voltage Level, 2024–2030 (Usd Million)
8.2 Hv/Mv
8.2.1 Renewable Power Generation Segment Of Hv/Mv Solid-State Transformer Market To Grow At Highest Cagr From 2024 To 2030
Table 4 Hv/Mv Solid-State Transformer Market, By Application, 2024–2030 (Usd Million)
Table 5 Hv/Mv Solid-State Transformer Market, By Region, 2024–2030 (Usd Million)
8.3 Mv/Lv
8.3.1 Automotive Segment Of Mv/Lv Solid-State Transformer Market To Grow At Highest Cagr From 2024 To 2030
Figure 23 Automotive Segment To Hold Largest Size Of Mv/Lv Solid-State Transformer Market From 2024 To 2030
Table 6 Mv/Lv Solid-State Transformer Market, By Application, 2024–2030 (Usd Million)
Table 7 Mv/Lv Solid-State Transformer Market, By Region, 2024–2030 (Usd Million)

9 Modular Structure Of Solid-State Transformers
9.1 Introduction
9.2 Power Interconnection
9.3 Voltage Interconnection
9.4 Phase Interconnection

10 Solid-State Transformer Market, By Application
10.1 Introduction
Figure 24 Renewable Power Generation Segment To Hold Largest Size Of Solid-State Transformer Market From 2024 To 2030
Table 8 Solid-State Transformer Market, By Application, 2024–2030 (Usd Million)
10.2 Renewable Power Generation
10.2.1 Renewable Power Generation Segment To Hold Largest Size Of Solid-State Transformer Market From 2024 To 2030
Figure 25 Wind Power Segment To Hold Largest Size Of Solid-State Transformer Market For Renewable Power Generation From 2024 To 2030
Table 9 Solid-State Transformer Market For Renewable Power Generation, By Type, 2024–2030 (Usd Million)
Table 10 Solid-State Transformer Market For Renewable Power Generation, By Region, 2024–2030 (Usd Million)
Table 11 Solid-State Transformer Market In North America For Renewable Power Generation, By Country, 2024–2030 (Usd Million)
Table 12 Solid-State Transformer Market In Europe For Renewable Power Generation, By Country, 2024–2030 (Usd Million)
Table 13 Solid-State Transformer Market In Apac For Renewable Power Generation, By Country, 2024–2030 (Usd Thousand)
Table 14 Solid-State Transformer Market In Row For Renewable Power Generation, By Region, 2024–2030 (Usd Thousand)
Table 15 Solid-State Transformer Market For Renewable Power Generation, By Voltage Level, 2024–2030 (Usd Million)
10.2.2 Wind Power
10.2.2.1 Wind Power Segment To Account For Largest Size Of Solid-State Transformer Market For Renewable Power Generation From 2024 To 2030
Figure 26 Solid-State Transformer Market In Apac For Renewable Wind Power Generation To Grow At Highest Rate From 2024 To 2030
Table 16 Solid-State Transformer Market For Renewable Wind Power Generation, By Region, 2024–2030 (Usd Million)
10.2.3 Solar Power
10.2.3.1 Popularity Of Solar Power In Apac To Drive Growth Of Solid-State Transformer Market For Renewable Solar Power Generation From 2024 To 2030
Table 17 Cumulative Installed Solar Pv Capacity In Key Countries, 2019 (Giga Watt)
Table 18 Solid-State Transformer Market For Renewable Solar Power Generation, By Region, 2024–2030 (Usd Million)
10.2.4 Tidal Power
10.2.4.1 Tidal Power Segment Of Solid-State Transformer Market For Renewable Power Generation To Grow At Slow Rate Owing To Limited Investments By Governments Due To Covid-19
Table 19 Solid-State Transformer Market For Renewable Tidal Power Generation, By Region, 2024–2030 (Usd Thousand)
10.3 Automotive
10.3.1 Growth Of Ev Charging Infrastructures In Apac To Fuel Demand For Solid-State Transformers From 2024 To 2030
Table 20 Solid-State Transformer Market For Automotive, By Region, 2024–2030 (Usd Million)
Table 21 Solid-State Transformer Market In North America For Automotive, By Country, 2024–2030 (Usd Thousand)
Table 22 Solid-State Transformer Market In Europe For Automotive, By Country, 2024–2030 (Usd Million)
Table 23 Solid-State Transformer Market In Apac For Automotive, By Country, 2024–2030 (Usd Million)
Table 24 Solid-State Transformer Market In Row For Automotive, By Region, 2024–2030 (Usd Million)
Table 25 Solid-State Transformer Market For Automotive, By Voltage Level, 2024–2030 (Usd Million)
10.4 Power Grids
10.4.1 Mv/Lv Segment To Hold Large Size Of Solid-State Transformer Market For Power Grids In 2030
Table 26 Solid-State Transformer Market For Power Grids, By Region, 2024–2030 (Usd Million)
Table 27 Solid-State Transformer Market In North America For Power Grids, By Country, 2024–2030 (Usd Thousand)
Table 28 Solid-State Transformer Market In Europe For Power Grids, By Country, 2024–2030 (Usd Thousand)
Table 29 Solid-State Transformer Market In Apac For Power Grids, By Country, 2024–2030 (Usd Thousand)
Table 30 Solid-State Transformer Market In Row For Power Grids, By Region, 2024–2030 (Usd Thousand)
Figure 27 Mv/Lv Segment To Hold Large Size Of Solid-State Transformer Market For Power Grids In 2030
Table 31 Solid-State Transformer Market For Power Grids, By Voltage Level, 2024–2030 (Usd Million)
10.5 Traction Locomotives
10.5.1 Electrification Of Railways To Drive Demand For Solid-State Transformers Used In Traction Locomotives
Table 32 Solid-State Transformer Market For Traction Locomotives, By Region, 2024–2030 (Usd Million)
Table 33 Solid-State Transformer Market In North America For Traction Locomotives, By Country, 2024–2030 (Usd Thousand)
Figure 28 Uk To Hold Largest Size Of Solid-State Transformer Market In Europe For Traction Locomotives From 2024 To 2030
Table 34 Solid-State Transformer Market In Europe For Traction Locomotives, By Country, 2024–2030 (Usd Million)
Table 35 Solid-State Transformer Market In Apac For Traction Locomotives, By Country, 2024–2030 (Usd Thousand)
Table 36 Solid-State Transformer Market In Row For Traction Locomotives, By Region, 2024–2030 (Usd Thousand)
Table 37 Solid-State Transformer Market For Traction Locomotives, By Voltage Level, 2024–2030 (Usd Million)
10.6 Others
Figure 29 Solid-State Transformer Market In Apac For Other Applications To Grow At Highest Cagr From 2024 To 2030
Table 38 Solid-State Transformer Market For Other Applications, By Region, 2024–2030 (Usd Thousand)
Table 39 Solid-State Transformer Market In North America For Other Applications, By Country, 2024–2030 (Usd Thousand)
Table 40 Solid-State Transformer Market In Europe For Other Applications, By Country, 2024–2030 (Usd Thousand)
Table 41 Solid-State Transformer Market In Apac For Other Applications, By Country, 2024–2030 (Usd Thousand)
Table 42 Solid-State Transformer Market In Row For Other Applications, By Region, 2024–2030 (Usd Thousand)
Table 43 Solid-State Transformer Market For Other Applications, By Voltage Level, 2024–2030 (Usd Million)

11 Geographic Analysis
11.1 Introduction
Figure 30 Solid-State Transformer Market In China Projected To Grow At Highest Cagr From 2024 To 2030
Table 44 Solid-State Transformer Market, By Region, 2024–2030 (Usd Million)
11.2 North America
Figure 31 North America: Solid-State Transformer Market Snapshot
11.2.1 Us
11.2.1.1 Us To Hold Largest Share Of Solid-State Transformer Market In North America
11.2.2 Canada
11.2.2.1 Solid-State Transformers To Be Implemented Mainly In Renewable Power Generation Sector In Canada
11.2.3 Mexico
11.2.3.1 Mexico-Based Companies And Associations Constantly Striving To Develop Solid-State Transformers Used In Renewable Energy Generation Sector
Table 45 Solid-State Transformer Market In North America, By Country, 2024–2030 (Usd Million)
Table 46 Solid-State Transformer Market In Us, By Application, 2024–2030 (Usd Million)
Table 47 Solid-State Transformer Market In Canada, By Application, 2024–2030 (Usd Thousand)
Table 48 Solid-State Transformer Market In Mexico, By Application, 2024–2030 (Usd Thousand)
Table 49 Solid-State Transformer Market In North America, By Application, 2024–2030 (Usd Thousand)
Table 50 Solid-State Transformer Market In North America For Renewable Power Generation, By Type, 2024–2030 (Usd Thousand)
Table 51 Solid-State Transformer Market In North America, By Voltage Level, 2024–2030 (Usd Million)
11.3 Europe
Figure 32 Europe: Solid-State Transformer Market Snapshot
11.3.1 Germany
11.3.1.1 Germany Projected To Account For Largest Share Of Solid-State Transformer Market In Europe From 2024 To 2030
11.3.2 Uk
11.3.2.1 Uk Among Key Markets For Tidal Energy In Europe
11.3.3 France
11.3.3.1 Growth Of Electric Vehicle Market In France To Contribute To Demand For Solid-State Transformers
11.3.4 Rest Of Europe
Table 52 Solid-State Transformer Market In Europe, By Country, 2024–2030 (Usd Million)
Table 53 Solid-State Transformer Market In Germany, By Application, 2024–2030 (Usd Thousand)
Table 54 Solid-State Transformer Market In Uk, By Application, 2024–2030 (Usd Million)
Table 55 Solid-State Transformer Market In France, By Application, 2024–2030 (Usd Million)
Table 56 Solid-State Transformer Market In Rest Of Europe, By Application, 2024–2030 (Usd Million)
Table 57 Solid-State Transformer Market In Europe, By Application, 2024–2030 (Usd Million)
Table 58 Solid-State Transformer Market In Europe For Renewable Power Generation, By Type, 2024–2030 (Usd Thousand)
Table 59 Solid-State Transformer Market In Europe, By Voltage Level, 2024–2030 (Usd Million)
11.4 Apac
Figure 33 Apac: Solid-State Transformer Market Snapshot
11.4.1 China
11.4.1.1 China To Hold Largest Share Of Solid-State Transformer Market In Apac From 2024 To 2030
11.4.2 Japan
11.4.2.1 Risen Government Investments For Renewable Power Generation In Japan To Fuel Market Growth
11.4.3 India
11.4.3.1 Investments In Renewable Energy Projects In India To Drive Growth Of Market For Solid-State Transformers
11.4.4 Rest Of Apac
Table 60 Solid-State Transformer Market In Apac, By Country, 2024–2030 (Usd Million)
Table 61 Solid-State Transformer Market In China, By Application, 2024–2030 (Usd Million)
Table 62 Solid-State Transformer Market In Japan, By Application, 2024–2030 (Usd Thousand)
Table 63 Solid-State Transformer Market In India, By Application, 2024–2030 (Usd Million)
Table 64 Solid-State Transformer Market In Rest Of Apac, By Application, 2024–2030 (Usd Thousand)
Table 65 Solid-State Transformer Market In Apac, By Application, 2024–2030 (Usd Million)
Table 66 Solid-State Transformer Market In Apac For Renewable Power Generation, By Type, 2024–2030 (Usd Thousand)
Table 67 Solid-State Transformer Market In Apac, By Voltage Level, 2024–2030 (Usd Million)
11.5 Rest Of The World
Figure 34 Row: Solid-State Transformer Market Snapshot
11.5.1 Middle East And Africa
11.5.1.1 Investments In Ev Charging Infrastructures Expected To Fuel Market Growth
11.5.2 South America
11.5.2.1 Solid-State Transformer Market In South America To Grow At Slower Pace Than Other Regions In Row
Table 68 Solid-State Transformer Market In Row, By Region, 2024–2030 (Usd Million)
Table 69 Solid-State Transformer Market In Middle East And Africa, By Application, 2024–2030 (Usd Thousand)
Table 70 Solid-State Transformer Market In South America, By Application, 2024–2030 (Usd Thousand)
Table 71 Solid-State Transformer Market In Row, By Application, 2024–2030 (Usd Thousand)
Table 72 Solid-State Transformer Market In Row For Renewable Power Generation, By Type, 2024–2030 (Usd Thousand)
Table 73 Solid-State Transformer Market In Row, By Voltage Level, 2024–2030 (Usd Million)

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis: Solid-State Transformer Market
Figure 35 Overall Market Share Analysis Of Solid-State Transformer Market For 2024
12.3 Competitive Evaluation Quadrant
12.3.1 Star
12.3.2 Emerging Leader
12.3.3 Pervasive
12.3.4 Participant
Figure 36 Competitive Evaluation Quadrant
Table 74 Company Application Footprint
Table 75 Company Region Footprint

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View)*
13.1 Key Players
13.1.1 Hitachi
Figure 37 Hitachi: Company Snapshot
13.1.2 Schneider Electric
Figure 38 Schneider Electric: Company Snapshot
13.1.3 Siemens
Figure 39 Siemens: Company Snapshot
13.1.4 Mitsubishi Electric
Figure 40 Mitsubishi Electric: Company Snapshot
13.1.5 General Electric
Figure 41 General Electric: Company Snapshot
13.1.6 Eaton
Figure 42 Eaton: Company Snapshot
13.1.7 Varentec
13.1.8 Amantys
13.1.9 Ermco
13.1.10 Spx Transformer Solutions
Figure 43 Spx Transformer Solutions: Company Snapshot

*Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.

14 Adjacent And Related Reports
14.1 Introduction
14.2 Limitations
14.3 Power Electronics Market, By Vertical
14.3.1 Introduction
Figure 44 Power Electronics Market For Automotive & Transportation To Grow At Highest Cagr During The Forecast Period
Table 76 Power Electronics Market By Vertical, 2017–2025 (Usd Billion)
14.3.2 Ict
14.3.2.1 Increasing Demand For Advanced Power Devices To Drive Growth Of Ict Segment
Table 77 Power Electronics Market For Ict, By Device Type, 2017–2025 (Usd Million)
Table 78 Power Electronics Market For Ict, By Region, 2017–2025 (Usd Million)
Table 79 Power Electronics Market In North America For Ict, By Country, 2017–2025 (Usd Million)
Table 80 Power Electronics Market In Europe For Ict, By Country, 2017–2025 (Usd Million)
Table 81 Power Electronics Market In Apac For Ict, By Country, 2017–2025 (Usd Million)
Table 82 Power Electronics Market In Row For Ict, By Region, 2017–2025 (Usd Million)
14.3.3 Consumer Electronics
14.3.3.1 Growing Adoption Of Consumer Electronics To Drive Market For Power Management Ic
Table 83 Power Electronics Market For Consumer Electronics, By Device Type, 2017–2025 (Usd Million)
Figure 45 Apac To Dominate Power Electronics Market For Consumer Electronics From 2020 To 2025
Table 84 Power Electronics Market For Consumer Electronics, By Region, 2017–2025 (Usd Million)
Table 85 Power Electronics Market In North America For Consumer Electronics, By Country, 2017–2025 (Usd Million)
Table 86 Power Electronics Market In Europe For Consumer Electronics, By Country, 2017–2025 (Usd Million)
Table 87 Power Electronics Market In Apac For Consumer Electronics, By Country, 2017–2025 (Usd Million)
Table 88 Power Electronics Market In Row For Consumer Electronics, By Country, 2017–2025 (Usd Million)
14.3.4 Industrial
14.3.4.1 Surging Industrial Automation To Drive Market Growth
Table 89 Power Electronics Market For Industrial, By Device Type, 2017–2025 (Usd Million)
Figure 46 Power Electronics Market In Apac For Industrial Vertical To Grow At Highest Cagr From 2020 To 2025
Table 90 Power Electronics Market For Industrial, By Region, 2017–2025 (Usd Million)
Table 91 Power Electronics Market In North America For Industrial, By Country, 2017–2025 (Usd Million)
Table 92 Power Electronics Market In Europe For Industrial, By Country, 2017–2025 (Usd Million)
Table 93 Power Electronics Market In Apac For Industrial, By Country, 2017–2025 (Usd Million)
Table 94 Power Electronics Market In Row For Industrial, By Region, 2017–2025 (Usd Million)
14.3.5 Energy & Power
14.3.5.1 Photovoltaics
14.3.5.1.1 Increasing Initiatives By Governments For Production Of Clean Energy To Drive Growth Of Pv And Power Electronics Market
14.3.5.2 Wind Turbine
14.3.5.2.1 Rising Use Of Wind Turbines For Electricity Generation To Fuel Demand For Power Electronic Devices
14.3.6 Automotive & Transportation
14.3.6.1 Increasing Importance Of Advanced Power Semiconductor Devices In Automotive Application To Drive Sic And Gan Power Electronics Market
Figure 47 Power Module Segment Of Power Electronics Market For Automotive & Transportation To Grow At Highest Cagr For 2020 To 2025
Table 95 Power Electronics Market For Automotive & Transportation, By Device Type, 2017–2025 (Usd Million)
Figure 48 Apac To Lead Power Electronics Market For Automotive & Transportation From 2020 To 2025
Table 96 Power Electronics Market For Automotive & Transportation, By Region, 2017–2025 (Usd Million)
Table 97 Power Electronics Market In North America For Automotive & Transportation, By Country, 2017–2025 (Usd Million)
Table 98 Power Electronics Market In Europe For Automotive & Transportation, By Country, 2017–2025 (Usd Million)
Figure 49 Power Electronics Market In China For Automotive & Transportation To Grow At Highest Cagr From 2020 To 2025
Table 99 Power Electronics Market In Apac For Automotive & Transportation, By Country, 2017–2025 (Usd Million)
Table 100 Power Electronics Market In Row For Automotive & Transportation, By Region, 2017–2025 (Usd Million)
14.3.6.2 Powertrain
14.3.6.3 Body & Convenience
14.3.6.4 Chassis & Safety And Adas
14.3.6.5 Infotainment
14.3.7 Aerospace & Defense
14.3.7.1 Growing Adoption Of Gan In Aerospace & Defense Vertical Owing To Its High Power Capability
Table 101 Power Electronics Market For Aerospace & Defense, By Device Type, 2017–2025 (Usd Million)
Table 102 Power Electronics Market For Aerospace & Defense, By Region, 2017–2025 (Usd Million)
Table 103 Power Electronics Market In North America For Aerospace & Defense, By Country, 2017–2025 (Usd Million)
Table 104 Power Electronics Market In Europe For Aerospace & Defense, By Country, 2017–2025 (Usd Million)
Table 105 Power Electronics Market In Apac For Aerospace & Defense, By Country, 2017–2025 (Usd Million)
Table 106 Power Electronics Market In Row For Aerospace & Defense, By Region, 2017–2025 (Usd Million)
14.3.8 Others
Table 107 Power Electronics Market For Other Verticals, By Device Type, 2017–2025 (Usd Million)
Table 108 Power Electronics Market For Other Verticals, By Region, 2017–2025 (Usd Million)
Table 109 Power Electronics Market In North America For Other Verticals, By Country, 2017–2025 (Usd Million)
Table 110 Power Electronics Market In Europe For Other Verticals, By Country, 2017–2025 (Usd Million)
Table 111 Power Electronics Market In Apac For Other Verticals, By Country, 2017–2025 (Usd Million)
Table 112 Power Electronics Market In Row For Other Verticals, By Region, 2017–2025 (Usd Million)

15 Appendix
15.1 Insights Of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

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    The global market for Non-Contact Dynamic Torque Sensor was estimated at US$ 58.31 million in the year 2022, is projected to reach a revised size of US$ 96.9 million by 2029, growing at a CAGR of 7.81% during the forecast period 2023-2029. North American market for Non-Contact Dynamic Torque Sensor was valued at $ 23.56 million in 2022 and will reach $ 37.86 million by 2029, at a CAGR of 7.27% during the forecast period of 2023 through 2029. Asia-Pacific market for Non-Contact Dyna......
  • Global Bitcoin Miner Market Research Report 2023
    Published: 11-Jan-2024        Price: US 2900 Onwards        Pages: 144
    The global Bitcoin Miner market was valued at US$ 11,546.70 million in 2022 and is expected to reach US$ 23,842.76 million by the end of 2029, growing at a CAGR of 26.7% between 2023 and 2029. The demand for Bitcoin Miner depends on various factors such as the current Bitcoin price, mining difficulty, and availability of newer and more efficient ASIC miners. When Bitcoin prices rise, there is usually an increase in demand for mining hardware as miners seek to increase their profits......
  • Global Brushless AC Motor Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 103
    The global Brushless AC Motor market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2......
  • Global High Intensity Discharge (HID) Lamps Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 116
    The global High Intensity Discharge (HID) Lamps market was valued at US$ 6405.5 million in 2023 and is anticipated to reach US$ 7607.6 million by 2030, witnessing a CAGR of 2.5% during The forecast period 2024-2030. North American market for High Intensity Discharge (HID) Lamps is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for High Intensity Discharge (HID) Lamps ......
  • Global Indoor Plant Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 114
    The global Indoor Plant Lighting market was valued at US$ 806 million in 2023 and is anticipated to reach US$ 1137.9 million by 2030, witnessing a CAGR of 4.9% during The forecast period 2024-2030. Indoor plant lighting refers to The use of artificial light sources to provide The necessary light spectrum for The growth of plants indoors, especially in environments where natural sunlight is limited. This is commonly used for growing plants like houseplants, herbs, and even some veget......
  • Global Aquarium Lights Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 131
    The global Aquarium Lights market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a......
  • Global LED Aquarium Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 128
    Aquarium light is also called water plants grow light, which is a new emerging light tool instead of sunshine in The last 5 years. According to The law of water plant growth, aquarium light can meet The light needs of many water plants. What's more, this lighting tool can provide The best lighting solution for aquarium, fish view. The global LED Aquarium Lighting market was valued at US$ 200 million in 2023 and is anticipated to reach US$ 283.4 million by 2030, witnessing a CAGR of ......
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