The market is expected to make the market over next
decade due to expected growth in power demand for consumer applications, the
global power electronics market is expected to grow at a compound annual growth
rate (CAGR) of 10.75% and reach US$46.32 billion by 2022 from $20.46 billion in
2014.
The demand for renewable energy, smart grids and
demand for multi-portable devices are the major factors driving the growth of
the market. Economic uncertainty and Regulatory barriers are the major factors
hampering the expansion of the market. The opportunity for escalation in the
market lies in Power, Energy and Automotive Sector.
Global Power Electronics market is categorised by
Technology, by Device, by Sector and by Geography. Based on Technology, market
is segmented into GaN and SiC. Based on Device, market is segregated into Power
Ic, Power Module and Power Discrete. Based on Sector, the market is classified
into Residential, Commercial and Transportation. Market by geography, is
segmented into North America, Europe, Asia Pacific and Rest of the World. Major
market for Power Electronics lies in Asia Pacific.
The Key players in the market include Hitachi Co.,
Ltd, Toshiba Corp., Infineon Technologies AG, Fairchild Semiconductor, Rockwell
Automation, Inc., Solicore, Inc, Alstom, ABB Ltd, Gan Systems, Inc.
For more information visit: http://www.marketresearchreports.com/stratistics-mrc/global-power-electronics-market-outlook-2014-2022
To
browse more Electrical Components
Market Research Reports visit: http://www.marketresearchreports.com/electrical-components
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