Technology & Telecommunications

According to a market report by Lucintel, the future of the global power electronic market looks promising with opportunities in the consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), and aerospace & defense markets. The global power electronic market is expected to reach an estimated $36.1 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are growing demand for automation technology, rising demand in the field of power infrastructure, and energy-efficient battery-power portable devices, along with increasing inclination towards industry 4.0 across the globe.



In this market, power module, power discrete, and power IC are the major segments of power electronic market by type. Lucintel forecast that power module will remain the highest growing segment over the forecast period because of rising demand for innovative power modules along with increasing need for efficient power systems significantly owing to growing awareness towards renewable energy sources and various initiatives taken by the government to promote this energy source.



Within this market, consumer electronics segment will remain the largest segment due to rising number of consumer electronics manufacturers along with increasing adoption of advanced technology-based products across the globe.



APAC will remain the largest region over the forecast period due to rapid industrialization, growing demand for power modules, and rising focus on renewable power sources across various end use industries of this region.

Fuji Electric, Toshiba, ABB Group, Microsemi, Mitsubishi, Infineon Technologies, Rockwell Automation, Renesas Electronics, Texas Instruments, and STMicroelectronics are the major suppliers in the global power electronic market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global power electronic market by type, material, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Power Electronic Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global power electronic market by type, material, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global power electronic market by type (power module, power discrete, and power IC), material (silicon carbide, sapphire, gallium nitride, silicon, and others), end use industry (consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?