The Power Electronics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Power Electronics Market?
The Power Electronics Global Market Report 2025 states that the market size has been consistently expanding. It indicates a growth from $48.26 billion in 2024 to $50.62 billion in 2025, at a compound annual growth rate (CAGR) of 4.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Power Electronics Industry?
The Power Electronics Global Market is projected to reach a market size of $63.18 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 5.7%.
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What are the Key Growth Drivers Fueling the Power Electronics Market?
The key drivers in the power electronics market are:
• Customized power electronic solutions for specific applications
• Integration of power electronics in smart grid systems
• Increasing use of power electronics in sustainable and energy-efficient measures
• Growth in electric aircraft and EVTOLs industry and wide use of power electronics in these sectors
Global Market Segmentation: Identifying Major Power Electronics Industry Segments
The power electronics market covered in this report is segmented –
1) By Product: Discrete, Module
2) By Material: Silicon, Silicon Carbide, Gallium Nitride
3) By Voltage: Low Voltage, Medium Voltage, High Voltage
4) By Application: Power Management, UPS, Renewable, Other Applications
5) By End User Industry: Automotive, Consumer Electronics, IT and Telecommunication, Military And Aerospace, Industrial, Energy And Power, Other End Use Industries
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What are the Emerging Trends Shaping the Future of the Power Electronics Market?
The key trends in the first and last mile delivery market are:
• The integration of power electronics in smart grid systems and sustainable, energy-efficient power electronics is making waves in the market.
• There is a growing trend towards the use of GaN and SiC power semiconductor materials in the power electronics industry.
• Regulatory compliance in power electronics safety is increasingly becoming a priority.
• Internet of Things integration in power electronics, especially for smart devices, is becoming more common.
Who Are the Top Competitors & Leading Players in the Power Electronics Market?
Major companies in the power electronics market are:
• ABB Ltd.
• Fuji Electric Co. Ltd.
• Infineon Technologies AG
• Microsemi Corporation
• Mitsubishi Electric Corporation
• Renesas Electronics Corporation
• STMicroelectronics
• Texas Instruments incorporated
• Toshiba Corporations
• Vishay Intertechnology
• NXP Semiconductors
• GaN Systems Inc.
• Littelfuse Inc.
• Maxim Integrated
• ROHM Co. Ltd.
• Transphorm Inc.
• ON Semiconductor Corporation
• Microchip Technology Inc.
• UnitedSiC Inc.
• Wolfspeed Inc.
• IXYS Corporation
• Power Integrations Inc.
• Cree Inc.
• Diodes Incorporated
• Semtech Corporation
• Analog Devices Inc.
• Fairchild Semiconductor International Inc.
• International Rectifier Corporation
• Linear Technology Corporation
• Monolithic Power Systems Inc.
• Powerex Inc.
• Silicon Laboratories Inc.
• Sanken Electric Co. Ltd.
• TDK Corporation
• Vicor Corporation
• Yaskawa Electric Corporation
• Murata Manufacturing Co. Ltd.
• Panasonic Corporation
Regional Dominance: Which Area Leads the Global Power Electronics Market?
Asia-Pacific was the largest region in the power electronics market in 2024
