Power Electronics Market Research Report 2023 - By Growth, Recent Trends, Key Players And Forecast To 2032

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Power Electronics Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Power Electronics Market Segments
The Business Research Company segments its Power
Electronics market report as
Discrete, Module
By Product
Silicon, Silicon Carbide, Gallium Nitride
By Material
Low Voltage, Medium Voltage, High Voltage
By Voltage
Power Management, UPS, Renewable, Other
Applications
By Application
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Market Statistics
The global power electronics market size grew
from 43.39 billion in 2022 to 47 billion in
2023 at a compound annual growth rate (CAGR) of
8.3. The power electronics market size is
expected to grow to 59.5 billion in 2027 at a
CAGR of 6.1.
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Key Market Drivers And Trends
Drivers
The rapid development of electric vehicles is
significantly contributing to the growth of the
power electronics market.
Trends
Technological advancements are a key trend
gaining popularity in the power electronics
market.
Region
Asia-Pacific was the largest region in the power
electronics market in 2022. The regions covered
in the power electronics market analysis report
are Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the Power Electronics market
  are
• ABB Ltd.
• Fuji Electric Co. Ltd.
• Infineon Technologies AG
• Microsemi Corporation
• Mitsubishi Electric Corporation
• And more.

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5. Benchmark performance against key competitors.

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