Market Highlights:
Increasing adoption of power electronics in electric vehicles and growing need for power management devices are major factors driving the growth of power electronics market. Power electronic devices have several advantages such as simplified circuits, and optimum forward and reverse blocking capabilities. Furthermore, compact power electronics designs are the ideal choice for applications involving high power densities.
Technology giants such as Infineon Technologies AG, Texas Instruments, Inc., ON Semiconductor Corp., STMicroelectronics N.V., Maxim Integrated Products, Inc., Fuji Electric Co., Ltd., NXP Semiconductors N.V., and Qualcomm are a few major players in the global power electronics market. Increasing deployment of smart grid applications and increasing demand for deployment of low carbon emission power systems are major factors driving the growth of the global power electronics market. Furthermore, growing focus towards the use of renewable power resources is boosting the growth of the market. Also, growing demand for enhancement of power infrastructure is set to drive the growth of the power electronics market.
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1069
Major Key Players
Some of the prominent players in the global power electronics market are Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan) among others.
The major growth driver of Power Electronics Market includes rising demand for high-power electronics, increasing adoption of renewable energy sources such as electric vehicles, and growing ICT and telecommunication sector among others.
Industry News
January 2018 – STMicroelectronics, a global leader in semiconductor market has launched advanced MEMS silicon micro speakers after collaborating with USound, an emerging audio company. These speakers are expected to be compact in size and would consume low power then the traditional speakers.
January 2018 – Infineon Technologies, an emerging semiconductor company, has developed flexible high performance chip sets for wireless charging applications to serve automotive and consumer sector demands such as automotive in-cabin wireless charging which also caters automotive safety & security issues, and recharging consumer devices without managing the complicated thermal process.
Get a Complete Report @ https://www.marketresearchfuture.com/reports/power-electronics-market
Regional Analysis
The global Power Electronics (BIM) market is estimated to grow at a promising rate in upcoming years. Asia Pacific has dominated the power electronics market in 2016. Asia Pacific has a strong market of manufacturing electronics products and services which has supported this region in generating highest market value for 2016. Followed by Europe and North America. Europe is expected to be the fastest growing region due to increasing initiatives by government and offering funding for electric vehicle manufacturers and increasing adoption of electric vehicle by consumers.
Intended Audience:
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Regulatory agencies
- Technology Solution vendors
- System integrators
- National regulatory authorities
- Venture capitalists
- Investment houses
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: akash.anand@marketresearchfuture.com
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/power-electronics-market