The major growth driver of Power Electronics Market includes rising demand for high-power electronics, increasing adoption of renewable energy sources such as electric vehicles, and growing ICT and telecommunication sector among others.
Hence the market for Power Electronics is expected to grow at XX% CAGR (2016-2027).
However, high initial cost and time consuming manufacturing process are the major factors which are hindering the growth of Power Electronics Market.
· Fairchild has announced on July 2016 about its new development FDMQ8205, the first member of its next generation GreenBridge series. The GreenBridge is used for application that receives power through Power over Ethernet which include security cameras, wireless access points and LED lighting.
· Infineon technologies has announced on July 2016 about its acquisition of wolfspeed power and RF division of Cree. This acquisition will provide broadest offering for Infineon in producing compound semiconductor which will strengthen Infineon in high growth market such as electro-mobility, renewables and next generation cellular infrastructure.
Some of the major players in Global Power Electronics Market include
Global Power Electronics Market can be segmented as follows:
Segmentation by Components:
Segmentation by Application:
Objective of Power Electronics Market Study:
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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