Power Electronics Market New Business Opportunities and Investment Research Report by 2030

The Power Electronics Market is expected to grow from US$ 43.37 billion in 2022 and is expected to reach US$ 65.36 billion by 2030; it is estimated to record a CAGR of 5.3% from 2022 to 2030.

Power electronics plays an important role in various aspects of the information & communication technology (ICT) industry. Power electronics circuits convert the alternating current (AC) from the grid to the direct current (DC) needed for various ICT devices. This is achieved using diode rectifiers, thyristors, and switching transistors in various configurations. Additionally, power electronics converters adjust the DC voltage to specific levels required by different components within an ICT system. This is vital for efficient operation and prevents damage to sensitive electronics. Boost converters, buck converters, and buck-boost converters are employed for DC-DC conversion. Power electronics advancements continue to drive innovation and improve efficiency in various ICT applications. As the demand for faster, more reliable, and sustainable ICT infrastructure increases, the role of power electronics will become even more crucial in the coming years.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00000189?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Infineon Technologies AG
2. Semiconductor Components Industries, L.L.C. (On Semiconductor)
3. STMicroelectronics NV
4. Mitsubishi Electric Corp
5. Fuji Electric Co Ltd
6. ROHM Co Ltd????
7. Renesas Electronics Corp
8. Littelfuse, Inc
9. Toshiba Electronic Devices & Storage Corp
10. Vishay Intertechnology Inc

In this report, the market has been segmented on the basis of:

Type
- Power Discrete
- Power Module
- Power IC

Material
- Silicon (SI
- Silicon Carbide (SIC)
- Gallium Nitride (GAN)

Industry Vertical
- ICT
- Automotive & Transportation
- Consumer Electronics
- Industrial
- Energy & Power

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/power-electronics-market

Global power electronics market size is segmented by material into silicon (SI), silicon carbide (SIC), gallium nitride (GAN), and others. The silicon (SI) segment is projected to grow during the forecast period. Silicon-based power electronics have numerous applications in a wide range of industries and gadgets. Their adaptability enables them to be customized to perform a variety of functions, including rectification, amplification, and switching in a wide range of electronic systems. The ease with which silicon-based devices can be integrated into existing electronic systems is an important aspect for manufacturers seeking to incorporate power electronics into several products and applications. These factors are anticipated to drive the power electronics market growth.

Asia Pacific is anticipated to lead the market, with the greatest CAGR throughout the forecast period. The significant presence of consumer electronics can be linked to the market's expansion in Asia Pacific. In countries such as Japan, China, and South Korea, the information and communication technology (ICT), industrial, and automotive industries in South Korea, the market is gaining traction.

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00000189?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.