Power Electronics Market Revenue to Cross USD 30 Bn by 2027: Global Market Insights Inc.

According to the latest report “Power Electronics Market by Product (Discrete, Module), Application (Automotive, Consumer Electronics, Information & Communication Technology (ICT), Industrial, Energy), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of power electronics will cross $30 billion by 2027.
The market growth is attributed to the increasing adoption of power electronics modules in consumer electronics and smart home appliances. These modules are extensively incorporated into HVAC control systems, smart energy meters, robotic vacuums, air conditioners, smart TVs, and other smart appliances to prevent from electrocutions and increase the power efficiency of the devices. The power modules also help device manufacturers to achieve optimized system costs and provide low-noise features in smart home appliances. Adding to this, the rising integration of AI and IoT technologies into smart home technology products will further boost the market expansion during the forecast period.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1355
The industrial application segment held 25% of the power electronics market share in 2020 led by increasing acceptance of robotics and automation across manufacturing and process industries. The industrial robots are integrated with various parts such as motor drives, robot arms, servo motors, and controllers. These electrical parts require MOSFETs, IGBTs, and power modules to optimize power and improve the performance capabilities of motor drives for 24/7 operations. The proliferation of industrial robots is anticipated to foster industry growth during the forecast timeframe.
The Europe power electronics market size was over USD 4 billion in 2020 and is projected to register a 4.5% growth rate till 2027. The rising deployment of EV charging stations in European economies including Germany, the UK, France, Italy, and Spain will fuel the market demand. According to the Department for Transport, the Government of the UK, in January 2021, there were 20,775 public electric vehicle charging devices in the UK, of which, 3,880 were rapid charging devices. These batter-power establishments and rapid EV charging stations have high adoption of power electronics. The proliferation of EVs and EV charging stations in the UK are poised to impel industry value.
Some of the key players operating in the power electronics market include Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, NXP Semiconductor N.V., ON Semiconductor Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, among others. These companies are focusing on new product launches to stay competitive in the market. 
Request for customization of this research report @
Some major findings of the power electronics market report include:
Table of Contents (ToC) of the report:
Chapter 3   Power Electronics Market Insights
3.1    Industry segmentation
3.2    Impact analysis of corona virus (COVID-19) pandemic
3.2.1    Global outlook
3.2.2    Impact by region
3.2.3    Industry value chain    Research and development    Manufacturing    Marketing    Supply
3.2.4    Competitive landscape    Strategy    Distribution network    Business growth
3.3    Industry ecosystem analysis
3.3.1    Manufacturers
3.3.2    Distribution channel
3.3.3    End-user
3.3.4    Vendor matrix
3.4    Technology & innovation landscape
3.4.1    Miniaturization of power engineering electronics modules
3.4.2    Adoption of Silicon Carbide (SiC) materials
3.4.3    Embedding capacitors in IGBT modules
3.4.4    Module-level power electronics (MLPE) in solar module optimization
3.4.5    Radio-frequency power components
3.5    Regulatory landscape
3.6    Industry impact forces
3.6.1    Growth drivers
3.6.2    Industry pitfalls and challenges
3.7    Growth potential analysis
3.8    Porter’s analysis
3.9    PESTEL analysis
Browse Complete Table of Contents (ToC) @
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun HegdeCorporate Sales, USAGlobal Market Insights Inc.Phone: 1-302-846-7766Toll Free: 1-888-689-0688Email: sales@gminsights.com
Source: Global Market Insights Inc.