The size of the global market for power electronics was USD 37.40 billion in 2021, and it is anticipated to grow in value at a CAGR of 4.1%. A major driver influencing market revenue growth is the growing need for environmentally friendly and sustainable solutions, particularly in light of growing worries about Carbon Dioxide (CO2) emissions and global warming. Additionally, end-use businesses are investing in dependable and secure power electronics as a result of their growing awareness of the advantages of energy-efficient infrastructure. In numerous regions, this has greatly boosted industry revenue growth. By integrating Insulated Gate Bipolar Transistor (IGBT) technology into inverters, Uninterruptible Power Systems (UPSs), and switching devices for static var compensators from thyristors or Gate Turn Off Thyristors (GTOs) to high power IGBTs, power electronics play a significant role in improving efficiency and performance. Additionally, low-loss and high-performance devices have been marketed. The research report furnishes clear guidelines for players to intensify their market position in the global Power Electronics market. It prepares them to deal with potential challenges and optimize profitable opportunities by providing an extensive analysis of the market scenario. It also guides them to recognize new business goals simultaneously keeping track of the changes in […] read more

The size of the global market for power electronics was USD 37.40 billion in 2021, and it is anticipated to grow in value at a CAGR of 4.1%. A major driver influencing market revenue growth is the growing need for environmentally friendly and sustainable solutions, particularly in light of growing worries about Carbon Dioxide (CO2) emissions and global warming. Additionally, end-use businesses are investing in dependable and secure power electronics as a result of their growing awareness of the advantages of energy-efficient infrastructure. In numerous regions, this has greatly boosted industry revenue growth. By integrating Insulated Gate Bipolar Transistor (IGBT) technology into inverters, Uninterruptible Power Systems (UPSs), and switching devices for static var compensators from thyristors or Gate Turn Off Thyristors (GTOs) to high power IGBTs, power electronics play a significant role in improving efficiency and performance. Additionally, low-loss and high-performance devices have been marketed. The Power Electronics Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Power Electronics market. It provides a comprehensive evaluation of the global Power Electronics market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, […] read more