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Global Power Electronics Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Power electronics are a class of solid-state electronic equipment used to efficiently and legally control and modify electricity from the source to the load. It enables power management in a variety of applications, including client natural philosophy, electrical vehicles, automotive, and industrial systems, to strengthen energy conservation. The power electronics industry is the increasing use of power electronics in the production of electric vehicles as a result of rising need for power infrastructure, battery-powered portable devices with improved energy efficiency.
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South America is projected to have the highest CAGR over the forecast period, owing to the expansion of the energy and automotive industries in Brazil and Argentina. The Brazilian government claims the country's ability to produce renewable energy was 84%, above the global average of 38% thanks to significant investments in this area. Such advancements will aid in the expansion of the local market.
Some of the key players profiled in the Power Electronics Market include Infineon Technologies, Vishay Intertechnology, Renesas Electronics, Toshiba, Maxim Integrated, ROHM, Hitachi, SEMIKRON, STMicroelectronics, ON Semiconductor, Mitsubishi Electric, ABB, NXP Semiconductors, Littelfuse, GaN Systems and Texas instruments Inc.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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