Power Electronics Market Outlook Shows 9.6% CAGR to 2018
Oct 24, 2014, 11:30 ET
DALLAS, October 24, 2014 /PRNewswire/ --
ReportsnReports.com adds Global Power Electronics Market 2014-2018 and Power Electronics Market by Substrate Wafer Technology, Devices, Applications, and Geography - Analysis & Forecast to 2014 - 2020 research reports to the semiconductor and electronics section of its online library.
The Global Power Electronics Market 2014-2018 research report forecasts the industry to grow at 9.6% CAGR during 2013-2018. The Global Power Electronics market can be segmented into five end-user segments: Commercial, Industrial, Consumer Electronics, Transportation, and Others. Power electronics is the use of solid state electronics for the control and conversion of electrical energy. Most of the electronic systems are concerned with the transmission and processing of data and signals. These power electronic devices have high power efficiency, high blocking voltage, and the ability to work on low power. The most typical power electronic device is an AC/DC converter, which is used in various applications such as televisions, computers, and battery chargers.
The Global Power Electronics Market 2014-2018 research report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Power Electronics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Companies like Infineon Technologies, International Rectifier, Mitsubishi Electric, NXP Semiconductor, STMicroelectronics, Texas Instruments, ABB, Fairchild Semiconductor, ON Semiconductor, Renesas Electronics, Toshiba, ROHM and Sanken Electric are discussed in this research of 87 pages available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=312549 . The market data and analysis in this research is supported with 44 exhibits to help make reading of the report easy.
According to Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020 research report, the industry will be worth $36.86 Billion by 2020 growing at 7.74% CAGR during 2014-2020. This report focuses on giving a detail-view of the complete power electronics industry with respect to the device market, with detailed market segmentations; combined with a qualitative analysis of each and every aspect of the classifications done by the substrate wafer technology, devices, characteristics, products, application verticals (sectors), sub- applications, and geographical distribution. All the numbers, both -with regards to the revenue and volume, at every level of detail, are forecasted till 2020 to give a glimpse of the potential revenue base in this market.
Some power electronics market insights from this research say that U.K., And Russia Can Be The potential markets in the days to come, forward integration to be the smartest strategy for wafer players, Japan and China are the most flourishing geographies for existing players as well as new entrants whereas product development in new markets would be the game changing strategy for existing as well as new market entrants. Demand For Multiple Function Portable Devices To Increase The Use Of Power Electronics, Flourishing Supply Chain, Innovations And Developments By New Smes And Existing Players, Renewable Energy Markets And Smart Grids To Drive Demand For Power Electronics, Use Of Power Electronics In Applications Such As Hybrid Electric Vehicles To Drive The Market and Relatively Less Entry Barriers are some of the market drivers discussed in this research.
The power electronics market has left its footprints globally; and the major market for the power electronics ecosystem in semiconductors lies in APAC countries such as South Korea, Japan, Taiwan, China, and ‘others' that include India, Malaysia and Singapore. The other segments such as the Americas, Europe, and ROW follow the APAC in terms of the power electronics market. This report gives an in depth analysis of the major drivers, restraints, and opportunities for the power electronics market. Also, a competitive landscape of the major players in the power electronics ecosystem is very well illustrated.
Power electronics technology has achieved a significant prime of life after a number of decades of dynamic evolution of power semiconductor devices, converters, PWM techniques, machines, motor drives, advanced control systems, and simulation techniques. The impact of this industry is felt not only on the global industrialization and general energy systems, but also on energy conservation, renewable energy systems, and electric/hybrid vehicles; as well as in the medical field related applications.
The basic principle of power electronics is based on the conversion and control of electrical power with the help of power semiconductor devices. These power devices operate as a switch and, therefore, the efficiency of power electronics systems reaches as high as 99%. The advancement in technology has significantly reduced the cost of power electronics over the years. Also, the size of electronic devices has become smaller and the performance of these devices has shown a tremendous amount of improvement. The power electronics applications are proliferating in ICT, industrial, power, aerospace & defense, automotive, medical, and transportation systems.
Companies profiled in the power electronics market 2014-2020 research report include Renesas Electronics Corporation, ABB Ltd, Alstom, Microsemi Corporation, Freescale Semiconductor Inc., Taiwan Semiconductors Manufacturing Company Limited (TSMC), Texas Instruments, Inc., STMicroelectronics Nv and Rockwell Automation, Inc. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=283183 .
Explore more reports on the semiconductor and electronics industry at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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