Dublin, July 13, 2020 (GLOBE NEWSWIRE) -- The "Power Electronics Market with COVID-19 Impact Analysis by Device Type, Material, Voltage, Vertical, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global power electronics market size is projected to grow from USD 35.1 billion in 2020 to USD 44.2 billion by 2025, at a CAGR of 4.7%.

The increasing focus on the use of renewable power sources across the globe, growing adoption of power electronics in the manufacturing of electric vehicles, and increasing use of power electronics in consumer electronics are the major factors driving the growth of the power electronics market. The power electronics market in 2020 is expected to be affected by the impact of COVID-19 as most of OEMs are experiencing a decline in demand for end-products, which ultimately will affect the growth of the power electronics market.

The increasing use of GaN & SiC products in various applications and growing industrialization in developing economies are projected to create lucrative opportunities for the players operating in the power electronics market during the forecast period.

Based on the product type, the power modules market to grow at the highest CAGR during the forecast period

The power modules market is expected to register the highest CAGR during the forecast period. High power efficiency requirements from various applications are driving the demand for power modules. Government initiatives to increase the adoption of EV/HEV, rising electrification in the automotive industry, increasing trend of clean energy generation (renewable energy generation), increasing number of charging stations, growing industrialization, growing adoption of intelligent modules in consumer appliances, and industrial automation & Industry 4.0 are expected to be the major factors driving the growth of the modules segment. Modules are used in various applications, such as motor control and drives; hybrid-electric solutions for construction, commercial, and agricultural vehicles; solutions for solar energy systems; uninterruptible power supply (UPS); room air conditioners; high frequency & switching applications; dc/dc converters; auxiliary inverters; hybrid electrical vehicles; and inductive heating & welding.

Based on voltage, the low voltage power electronics market is expected to grow at a high rate from 2020 to 2025.

The growing adoption of low voltage devices in the automotive, consumer, and industrial sectors to drive the growth of the power electronics market. Majority of power electronics devices are used in low voltage applications ranging from SMPS (adapter and charger), battery-powered applications, motor control and drives, battery management systems, inverters, computing and mobile applications, industrial power supplies, industrial UPS, energy storage, fridge, fans, pumps, room air conditioners, automotive applications, high frequency & switching applications, DC/DC converters, auxiliary inverters, hybrid electrical vehicles, and inductive heating & welding. Most of the devices in the consumer, automotive, and industrial sectors operate at low voltages, which is expected to support the growth of the low voltage segment.

APAC power electronics to grow at significant CAGR during the forecast period

Rising demand for consumer electronics and government initiatives to adopt electrified vehicles are driving the growth of the power electronics market in APAC regions, specifically in China. China is a global manufacturing hub and holds immense potential for the power electronics market. China has a large base of players across the value chain - power electronics manufacturing, device manufacturing, OEMs, end users.

China is also the largest consumer, as well as manufacturers, of various consumer devices. It is also at the forefront when it comes to industrialization, adoption of industry 4.0 standards and IoT solutions. Furthermore, the country is inclined towards the adoption of renewable energy sources and electric vehicles. The aforementioned factors are likely to catalyze the growth of the power electronics market in the country.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Power Electronics Market
4.2 Power Electronics Market in Apac, by Device Type and Vertical
4.3 Power Electronics Market, by Voltage
4.4 Country-Wise Power Electronics Market Growth Rate

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers Increasing Focus on the Use of Renewable Power Sources Across the Globe Growing Adoption of Power Electronics in the Manufacturing of Electric Vehicles Increasing Applications of Power Electronics in Consumer Electronics
5.1.2 Restraints Complex Design and Integration Process
5.1.3 Opportunities Increasing Use of Gan & Sic Products in Various Applications Growing Industrialization in Developing Economies
5.1.4 Challenges Ever-Changing Demand for More Compact and Efficient Devices at Low Prices
5.2 Value Chain Analysis
5.3 Impact of Covid-19 on the Power Electronics Market

6 Power Electronics Market, by Device Type
6.1 Introduction
6.2 Power Discrete
6.2.1 Diode Pin Diode Pin Diodes Are Mostly Used in High-Switching Applications Zener Diode Zener Diodes Are Mostly Used in Voltage Regulators Schottky Diode Schottky Diode is Extensively Used as It Consumes Less Voltage Switching Diode Switching Diode Offers Small-Scale Switching Operations Rectifier Diode Cost-Effective Solutions Are Mainly Used for Rectification
6.2.2 Transistors Field Effect Transistor (Fet) Gan Technology Enables to Manufacture More Efficient Fets With High Input Impedance Bipolar Junction Transistor (Bjt) Mostly Suitable for High-Frequency Applications Insulated Gate Bipolar Transistor (Igbt) Provides Fast Switching Speed and is Combined With Zero Gate Drive Current, Which Makes It Suitable for High Voltage Applications Npt Igbt Suitable for Comparatively Higher Voltage-Rated Devices Pt Igbt These Igbts Are Used for Higher Switching Speed Applications
6.2.3 Thyristor Offers Cost-Effective Solutions Across Variable Speed Motor Drives
6.3 Power Module
6.3.1 Intelligent Power Module (Ipm) Intelligent Modules Are Compact and Assembled to Reduce Size, Cost, and Time to Market of Electronic Devices
6.3.2 Standard & Power Integrated Module Mosfet Module Mosfet by Type N-Channel Mostly Suitable for Power Supply and Motor Drive Applications P-Channel High Inherent Capacitance Makes It Operable at Low-Switching Speed Mosfet by Mode Depletion Mode Depletion Mosfet is Used for Power Supply and Voltage Protection Applications Enhancement Mode Provides High Efficiency Across Power Switching Applications IGBT Module Industrial and Automobile Applications Provide Opportunities for the Market
6.3.3 Other Modules
6.4 Power IC
6.4.1 Power Management IC Pmics Are Used in a Wide Range of Consumer Applications
6.4.2 Application-Specific IC Power Ics Can Be Customized as Per the Requirement of End-users

7 Power Electronics Market, by Material
7.1 Introduction
7.2 Silicon (Si)
7.2.1 Silicon Devices Are Less Expensive to Manufacture Than Other Devices
7.3 Silicon Carbide (Sic)
7.3.1 Increasing Use of Sic-Based Power Electronics in Electric Vehicles and Hevs to Drive the Growth of the Segment
7.4 Gallium Nitride (Gan)
7.4.1 Gan-Based Semiconductors Reduce Switching Losses and Offer High Efficiency in Power Electronic Systems
7.5 Others

8 Power Electronics Market, by Voltage
8.1 Introduction
8.2 Low Voltage
8.2.1 Growing Adoption of Low Voltage Devices in the Automotive, Consumer, and Industrial Sectors to Drive the Growth of the Segment
8.3 Medium Voltage
8.3.1 Growth of Medium Voltage Power Electronics Segment is Driven by Their Increasing Use in Power & Energy Applications
8.4 High Voltage
8.4.1 Hvdc Application Provides Opportunity for High Voltage Power Electronics Market

9 Power Electronics, by Wafer Size
9.1 Introduction
9.2 200Mm & Less Than 200Mm Wafer
9.3 300Mm Wafer

10 Power Electronics, by Current Level
10.1 Introduction
10.2 Up to 25A
10.3 25A to 40A
10.4 Above 40A

11 Power Electronics Applications
11.1 Introduction
11.2 Power Management
11.3 Drives
11.4 Ups
11.5 Rail Traction
11.6 Transportation
11.7 Renewable
11.8 Others

12 Power Electronics Market, by Vertical
12.1 Introduction
12.2 ICT
12.2.1 Increasing Demand for Advanced Power Devices to Drive the Growth of ICT Segment
12.3 Consumer Electronics
12.3.1 Increasing Adoption of Consumer Electronics to Drive the Market for Power Management IC
12.4 Industrial
12.4.1 Increasing Industrial Automation to Drive the Growth of Market
12.4.2 Energy & Power Photovoltaics Increasing Initiatives by Governments in the Production of Clean Energy to Drive the Pv and Power Electronics Market Wind Turbine Electricity Generation Using Wind Turbines to Increase the Demand for Power Electronic Devices
12.5 Automotive & Transportation
12.5.1 Increasing Importance of Advanced Power Semiconductor Devices in Automotive Application to Drive Sic and Gan Power Electronics Market Powertrain Body & Convenience Chassis & Safety and Adas Infotainment
12.6 Aerospace & Defense
12.6.1 High Power Capability of Gan Increases Its Adoption in Aerospace & Defense Applications
12.7 Others

13 Power Electronics Market, by Geography
13.1 Introduction
13.2 North America
13.3 Europe
13.4 Asia-Pacific
13.5 ROW

14 Competitive Landscape
14.1 Overview
14.2 Market Ranking Analysis: Power Electronics Market, 2019
14.3 Competitive Leadership Mapping
14.3.1 Visionary Leaders
14.3.2 Dynamic Differentiators
14.3.3 Innovators
14.3.4 Emerging Companies
14.4 Strength of Product Portfolio in Power Electronics Market (25 Players)
14.5 Business Strategy Excellence in Power Electronics Market (25 Players)
14.6 Competitive Situations and Trends
14.6.1 Product Launches
14.6.2 Partnerships, Agreements & Collaborations
14.6.3 Expansion
14.6.4 Acquisitions

15 Company Profiles
15.1 Introduction
15.2 Key Players
15.2.1 Infineon Technologies
15.2.2 ON Semiconductor
15.2.3 STMicroelectronics
15.2.4 Mitsubishi Electric
15.2.5 Vishay Intertechnology
15.2.6 Fuji Electric
15.2.7 NXP Semiconductors
15.2.8 Renesas Electronics
15.2.9 Texas Instruments
15.2.10 Toshiba
15.3 Other Key Players
15.3.1 Abb
15.3.2 Gan Systems
15.3.3 Littelfuse
15.3.4 Maxim Integrated
15.3.5 Microchip
15.3.6 Rohm
15.3.7 Semikron
15.3.8 Transphorm
15.3.9 Unitedsic
15.3.10 Wolfspeed, a Cree Company
15.4 Right to Win

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