Semiconductor and Electronic Survey

The global   Power Electronics   Market Size, estimated at USD 46.2 billion in 2023 and expected to grow at a compound annual growth rate (CAGR) of 5.7% to USD 61.0 billion by 2028, is covered in detail in the report "Power Electronics Market Size by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography - Global Forecast to 2028." The power electronics industry is expected to increase significantly in the next years due to advancements in semiconductor materials like silicon (Si), silicon carbide (SiC), and gallium nitride (GaN). This is highlighted in the research. These components are necessary to improve power devices' performance and efficiency over a range of voltages. The growing demand in important sectors like consumer electronics, industrial applications, automotive, aerospace, and information and communications technology (I...

The report " Power Electronics Market Size   by Device Type (Power Discrete, Power Module, Power IC), Material (Si, SiC, GaN), Voltage (Low, Medium, High), Vertical (ICT, Consumer Electronics, Industrial, Automotive, Aerospace) and Geography - Global Forecast to 2028" The global power electronics market was valued at USD 46.2 billion in 2023 and is projected to reach USD 61.0 billion by 2028, registering a CAGR of 5.7% during the forecast period. Power electronics are crucial in changing electrical energy patterns toward renewables, ensuring enhanced energy efficiency. Additionally, the role of power electronics is anticipated to be significant in the energy management of electric vehicles. In the domain of vehicle power electronics, their primary function is to process and control the flow of electrical energy in hybrid and plug-in electric vehicles. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204729766 By Device Type: Power Module is pro...