Power Electronics Market Analysis By Material (Si, Sapphire, SiC, GaN, and Others), By Device (Discrete, Module, IC), By Application (ICT, Consumer Electronics, Power, Industrial, Automotive, Aerospace & Defense), And Segment Forecasts, 2014 - 2025

Published: Apr, 2017 | Pages: 104 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global power electronics market is expected to reach USD 39.22 billion by 2025, according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in alteration of electric power, which is usually performed by the semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and up gradations, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

The Asia Pacific market is expected to grow at the fastest CAGR of 2.0% from 2017 to 2025, owing to the emergence of manufacturing hubs across the continent. Countries, such as China, India, South Korea and Singapore, are expanding their domestic manufacturing activities across various industry verticals, such as consumer electronics, telecommunication, military & defense, and automotive, to strengthen their economies. In addition to this, prominent industry players are investing and establishing production & distribution units to capture the regional markets. All the above-mentioned factors are further providing additional impetus to power electronics market.

However, the power electronics market is facing challenges such as high initial expenditures and deposition of Gallium Nitride (GaN), Gallium Arsenide (GaAs), and Silicon Carbide (SiC) on the silicon materials which is a quite tedious and complex procedure, especially to reach while in high voltage ranges. Expensive & time-consuming processes and complexity issues involved in manufacturing power devices are anticipated to restrain the market growth.

Further key findings from the report suggest:

The global power electronics market was valued at USD 31.48 billion in 2015 and is expected to grow at a CAGR of 2.2% from 2017 to 2025

The silicon segment emerged as the largest material segment in 2015 and is estimated to generate USD 28.0 billion by 2025

The Integrated Circuit (IC) segment is projected to exhibit the fastest growth rate over the forecast period

The industry is projected to witness substantial growth, in the Asia Pacific region, over the next decade, owing to the developments in major and emerging economies (across the ICT, automotive, and consumer electronic sectors) such as China, Japan, South Korea, and India. The regional market is expected to grow at a CAGR of 2.8% from 2017 to 2025.

The key players, such as Texas Instruments, Inc., Renesas Electronics Corp, Mitsubishi Electric Corp., Fuji Electric Co., Ltd., and Infineon Technologies AG, dominated the global power electronics market and accounted for 60% of the total revenue in 2015

 Table of Contents

Chapter 1. Methodology and Scope
                 1.1. Research Methodology
                 1.2. Research Scope & Assumptions
                 1.3. List of Data Sources
Chapter 2. Executive Summary
                 2.1. Market Snapshot
Chapter 3. Power Electronics Industry Outlook
                 3.1. Market Segmentation
                 3.2. Market size and Growth Prospects, 2014 - 2025
                 3.3. Value Chain Analysis
                 3.4. Regulatory Framework
                 3.5. Market Dynamics
                     3.5.1. Market Driver Analysis
                     3.5.2. Market Restraint Analysis
                 3.6. Key Opportunities Prioritized
                 3.7. Industry Analysis - Porter's
                 3.8. PESTEL Analysis, 2016
Chapter 4. Power Electronics: Material Outlook
                 4.1. Power Electronics Market Share by Material, 2016 & 2025 (USD Billion)
                 4.2. Silicon (Si)
                     4.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion) 
                     4.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 4.3. Sapphire
                     4.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 4.4. Silicon Carbide (SiC)
                     4.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 4.5. Gallium Nitride (GaN)
                     4.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 4.6. Others
                     4.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     4.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 5. Power Electronics: Device Outlook
                 5.1. Power Electronics Market Share by Device, 2016 & 2025 (USD Billion)
                 5.2. Discrete
                     5.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 5.3. Module
                     5.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 5.4. IC
                     5.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     5.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 6. Power Electronics: Application Outlook
                 6.1. Power Electronics Market Share by Application, 2016 & 2025 (USD Billion)
                 6.2. ICT
                     6.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.3. Consumer Electronics
                     6.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.4. Power
                     6.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.5. Industrial
                     6.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.6. Automotive
                     6.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.7. Aerospace & Defense
                     6.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
                 6.8. Others
                     6.8.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     6.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 7. Power Electronics: Regional Outlook
                 7.1. Power Electronics Market Share by Region, 2016 & 2025 (USD Billion)
                 7.2. North America 
                     7.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     7.2.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                     7.2.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                     7.2.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.2.5. U.S.
                         7.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.2.5.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.2.5.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.2.5.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.2.6. Canada 
                         7.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.2.6.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.2.6.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.2.6.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.2.7. Mexico 
                         7.2.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.2.7.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.2.7.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.2.7.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                 7.3. Europe 
                     7.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     7.3.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                     7.3.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                     7.3.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.3.5. UK
                         7.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.3.5.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.3.5.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.3.5.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.3.6. Germany
                         7.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.3.6.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.3.6.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.3.6.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.3.7. France
                         7.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.3.7.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.3.7.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.3.7.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                 7.4. Asia Pacific 
                     7.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     7.4.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                     7.4.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                     7.4.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.4.5. China 
                         7.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.4.5.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.4.5.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.4.5.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.4.6. India 
                         7.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.4.6.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.4.6.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.4.6.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.4.7. Japan 
                         7.4.7.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.4.7.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.4.7.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.4.7.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                 7.5. South America 
                     7.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     7.5.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                     7.5.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                     7.5.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                     7.5.5. Brazil
                         7.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                         7.5.5.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                         7.5.5.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                         7.5.5.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
                 7.6. Middle East & Africa 
                     7.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
                     7.6.2. Market estimates and forecast by material, 2014 - 2025 (USD Billion)
                     7.6.3. Market estimates and forecast by device, 2014 - 2025 (USD Billion)
                     7.6.4. Market estimates and forecast by application, 2014 - 2025 (USD Billion)
Chapter 8. Competitive Landscape
                 8.1. Company Ranking Analysis 
                 8.2. Vendor Landscape
                 8.3. Competitive Environment
                 8.4. Company Market Positioning 
Chapter 9. Company Profiles 
                 9.1. ABB Group
                     9.1.1. Company overview
                     9.1.2. Financial performance
                     9.1.3. Product benchmarking 
                     9.1.4. Strategic initiatives
                 9.2. Fuji Electric Co., Ltd.
                     9.2.1. Company overview
                     9.2.2. Financial performance
                     9.2.3. Product benchmarking 
                     9.2.4. Strategic initiatives
                 9.3. Infineon Technologies AG
                     9.3.1. Company overview
                     9.3.2. Financial performance
                     9.3.3. Product benchmarking 
                     9.3.4. Strategic initiatives
                 9.4. Maxim Integrated Products, Inc.
                     9.4.1. Company overview
                     9.4.2. Financial performance
                     9.4.3. Product benchmarking 
                     9.4.4. Strategic initiatives
                 9.5. Microsemi Corporation
                     9.5.1. Company overview
                     9.5.2. Financial performance
                     9.5.3. Product benchmarking 
                 9.6. Mitsubishi Electric Corp.
                     9.6.1. Company overview
                     9.6.2. Financial performance
                     9.6.3. Product benchmarking 
                     9.6.4. Strategic initiatives
                 9.7. NXP Semiconductor N.V.
                     9.7.1. Company overview
                     9.7.2. Financial performance
                     9.7.3. Product benchmarking 
                     9.7.4. Strategic initiatives
                 9.8. Renesas Electronics Corp.
                     9.8.1. Company overview
                     9.8.2. Financial performance
                     9.8.3. Product benchmarking
                     9.8.4. Strategic initiatives
                 9.9. STMicroelectronics N.V.
                     9.9.1. Company overview
                     9.9.2. Financial performance
                     9.9.3. Product benchmarking
                     9.9.4. Strategic initiatives
                 7.10. Texas Instruments, Inc.
                     9.10.1. Company overview
                     9.10.2. Financial performance
                     9.10.3. Product benchmarking
                     9.10.4. Strategic initiatives
                 9.11. Vishay Intertechnology, Inc.
                     9.11.1. Company overview
                     9.11.2. Financial performance
                     9.11.3. Product benchmarking
                     9.11.4. Strategic initiatives

List of Tables

TABLE 1 Power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 2 Power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 3 Power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 4 Power electronics market estimates and forecast by region, 2014 - 2025 (USD Billion)
TABLE 5 North America power electronics market estimates and forecast by material, 2014-2025 (USD Billion)
TABLE 6 North America power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 7 North America power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 8 U.S. power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 9 U.S. power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 10 U.S. power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 11 Canada power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 12 Canada power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 13 Canada power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 14 Mexico power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 15 Mexico power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 16 Mexico power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 17 Europe power electronics market estimates and forecast by material, 2014-2025 (USD Billion)
TABLE 18 Europe power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 19 Europe power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 20 Germany power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 21 Germany power electronics market estimates and forecast by device (USD Billion)
TABLE 22 Germany power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 23 UK power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 24 UK power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 25 UK power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 26 France power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 27 France power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 28 France power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 29 Asia Pacific power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 30 Asia Pacific power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 31 Asia Pacific power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 32 China power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 33 China power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 34 China power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 35 India power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 36 India power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 37 India power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 38 Japan power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 39 Japan power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 40 Japan power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 41 South America power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 42 South America power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 43 South America power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 44 Brazil power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 45 Brazil power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 46 Brazil power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)
TABLE 47 Middle East & Africa power electronics market estimates and forecast by material, 2014 - 2025 (USD Billion)
TABLE 48 Middle East & Africa power electronics market estimates and forecast by device, 2014 - 2025 (USD Billion)
TABLE 49 Middle East & Africa power electronics market estimates and forecast by application, 2014 - 2025 (USD Billion)