List of Contents

Power Electronics Market Size, Share, and Trends 2024 to 2034

The global power electronics market size was USD 45.30 billion in 2023, calculated at USD 48.20 billion in 2024 and is expected to reach around USD 84.70 billion by 2034, expanding at a CAGR of 5.8% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1400
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Power Electronics Market 

5.1. COVID-19 Landscape: Power Electronics Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Power Electronics Market, By Material

8.1. Power Electronics Market, by Material Type, 2024-2034

8.1.1. Sapphire

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Silicon

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Gallium Nitride

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Silicon Carbide

8.1.4.1. Market Revenue and Forecast (2021-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Power Electronics Market, By Application

9.1. Power Electronics Market, by Application, 2024-2034

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Industrial

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. ICT

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Aerospace & Defense

9.1.4.1. Market Revenue and Forecast (2021-2034)

9.1.5. Automotive

9.1.5.1. Market Revenue and Forecast (2021-2034)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Power Electronics Market, By Device 

10.1. Power Electronics Market, by Device, 2024-2034

10.1.1. Module

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Discrete

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. IC

10.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Power Electronics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Material (2021-2034)

11.1.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.3. Market Revenue and Forecast, by Device (2021-2034)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.1.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.1.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.1.5.3. Market Revenue and Forecast, by Device (2021-2034)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Material (2021-2034)

11.2.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.3. Market Revenue and Forecast, by Device (2021-2034)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.2.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.2.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.5.3. Market Revenue and Forecast, by Device (2021-2034)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Material (2021-2034)

11.2.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.6.3. Market Revenue and Forecast, by Device (2021-2034)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Material (2021-2034)

11.2.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.2.7.3. Market Revenue and Forecast, by Device (2021-2034)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Material (2021-2034)

11.3.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.3. Market Revenue and Forecast, by Device (2021-2034)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.3.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.3.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.5.3. Market Revenue and Forecast, by Device (2021-2034)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Material (2021-2034)

11.3.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.6.3. Market Revenue and Forecast, by Device (2021-2034)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Material (2021-2034)

11.3.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.3.7.3. Market Revenue and Forecast, by Device (2021-2034)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.4.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.4.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.5.3. Market Revenue and Forecast, by Device (2021-2034)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Material (2021-2034)

11.4.6.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.6.3. Market Revenue and Forecast, by Device (2021-2034)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Material (2021-2034)

11.4.7.2. Market Revenue and Forecast, by Application (2021-2034)

11.4.7.3. Market Revenue and Forecast, by Device (2021-2034)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.3. Market Revenue and Forecast, by Device (2021-2034)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Material (2021-2034)

11.5.4.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.4.3. Market Revenue and Forecast, by Device (2021-2034)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Material (2021-2034)

11.5.5.2. Market Revenue and Forecast, by Application (2021-2034)

11.5.5.3. Market Revenue and Forecast, by Device (2021-2034)

Chapter 12. Company Profiles

12.1. ABB Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Fuji Electric Co

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Infineon Technologies AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Microsemi Corporation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Mitsubishi

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Renesas Electronics Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Rockwell Automation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. STMicroelectronics

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Texas Instruments Incorporated

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Toshiba Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The power electronics market is expected to be worth around USD 84.70 billion by 2034 from at USD 45.30 billion in 2023.

The power electronics market is growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2034.

The global power electronics market is primarily driven by the rising adoption of the power electronics across various end use verticals. The rapidly growing demand for the power efficient devices is boosting the demand for the power electronics across the globe.

The major players operating in the cold storage market are ABB Group, Fuji Electric Co, Infineon Technologies AG, Microsemi Corporation, Mitsubishi, Renesas Electronics Corporation, Rockwell Automation, STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation.

The North America region accounted 61% revenue share in 2023 and will lead the global cold storage market during the forecast period 2024 to 2034.

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