Global Power Electronics Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024

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Power Electronics Market - Global Industry
Pitfalls and Future Challenges, 2016-2024
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Power Electronics Market

• Asia Pacific in the power electronics is expected
  to witness immense growth owing to the rise in
  electric vehicles, which use power electronic
  devices for energy. Moreover, the power
  electronics market growth in the region is
  accredited to the increase in power transmission,
  use of renewable energy and growing use of power
  electronics across the industrial sector.
• Technological developments in electronics,
  inverters, and UPS is boosting the regional power
  electronics market growth.

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• Application Analysis of Power Electronics SCM
  Market
• Power electronics market based on devices is
  classified into BJT, IGBT, MOSFET, power diode
  and thyristor. The IGBT devices dominate the
  industry and are likely to continue the trend
  over the forecast period. These devices are
  widely used across the industry due to the
  features such as enhanced efficiency, faster
  switching, minimal power loss and ease of usage
  at high voltages.
• In addition, increased requirement for power
  electronics devices is likely to offer several
  opportunities to the players operating in the
  power electronics market.
• The power electronics market based on materials
  can be classified into silicon (Si), silicon
  carbide (SiC), gallium nitride (GaN) and
  sapphire. The major application of the solution
  would be in electric vehicles by using GaN
  semiconductor to replace electronics based on
  silicon, which are used as battery chargers and
  inverters. GaN semiconductors convert the battery
  power to help drive the electric cars. Silicon
  based electronic devices are used to restrain the
  power which limits the power handling capacity of
  the car.

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Competitive Market Share of Power Electronics
Market

• The key players in the power electronics market
  include ABB, Azzurro Semiconductors AG Cree
  Incorporated, Fairchild Infineon, Infineon
  Technologies, Microsemi, Mitsubishi, NTT Advanced
  Technology Corporation, Renesas Electronics,
  Rockwell Automation, STMicroelectronics, Texas
  Instruments and Toshiba Corporation. Industry
  players are investing in RD to develop the
  devices, which run on high power density levels.
  For the manufacturers, RD is an important factor
  as advanced innovations can help the manufactures
  gain competitive advantages over other players.
• The power electronics market participants are
  focussing on frequent mergers and acquisitions.
  For instance, In July 2016, Infineon Technologies
  has announced the acquisition of a division of
  Cree Incorporated. It will help the company to
  develop compound semiconductor thus supporting
  the high growth in renewables, cellular
  infrastructure and electro-mobility.

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