(PRWEB) July 04, 2014
According to a new market research report, "Power Electronics Market by Substrate Wafer Technology (GaN, SiC, and Others), Devices (Power IC, Power Module & Power Discrete), Applications, and Geography - Analysis & Forecast to 2014 - 2020", Power Electronics market is expected to boom in the near future. The power electronics market is valued at $36.86 billion and expected to grow at a CAGR of 7.74% from 2014-2020. The report also includes an in-depth analysis of the applications and geography.
Browse 70 market data tables and 65 figures spread through 300 pages and in-depth TOC on "Power Electronics Market".
Early buyers will receive 10% customization on this report.
The Power Electronics Market is a very dynamic market and entails a great potential across many industry verticals. The advancements in technology due to the never ending R&D in this sector makes it one of the prominent segments in the current industrial scenario. The power electronics devices have been experiencing continuous developments since their inception. The substrate technology has a major role to play in this sector due to the cost-effective matrix, and results in a longer life cycle of devices and systems, along with greater reliability. The highlighting features of the power electronics devices include high efficiency, better properties to withstand rough environmental conditions, and a longer life that is best suited for the industrial, power, aerospace, and defense applications.
The power electronics market is very dynamic and the involvement of a proper supply chain has helped the industry to reach new heights. Due to the improvements in the effective supply chain and distribution, the power electronics industry has grabbed the attention of the power device manufacturer, power discrete manufacturer, and the power modules manufacturer so as to generate more and more revenue with the help of high quality materials and components.
Continuous Research & Developments in this sector has allowed new entrants to penetrate in the unmarked markets. APAC holds a major share of the overall power electronics markets. The APAC region is a very cost-effective region with low-cost labor and high-quality products. Therefore, it is becoming the major hub of power electronics device manufacturing, whereas the APAC region, with regards to the power electronics market, is closely followed by the Americas, Europe, and the ROW region.
Power electronics is emerging as a major technology in the recent years due to the innovations in components, devices, circuits and systems. These components devices and circuits together contribute towards the manufacturing of a product and, eventually, a system. The power electronics is a diverse sector and it can be found in many applications like ICT, industrial, power, consumer electronics, automotive, aerospace & defense, and other applications, including medical and retail sector applications. The aerospace & defense industry and the industrial applications are approaching the further vertical stages.
This report describes the market trends, drivers, and challenges with respect to the Power Electronics Market and forecasts the market up to 2020. This global report gives a detailed view of the market across various geographies, namely The Americas (North America and South America), Europe (U.K., Germany, and others), the Asia-Pacific (China, Japan, Korea, Taiwan, and others), and ROW (Middle East and others). Asia-Pacific is the largest geography in terms of the power electronics market value. Americas has been identified as the fastest growing region and a leader in the power electronics systems, with the U.S leading the way. Europe also has a very promising market, comprising Germany and the U.K., while the ROW also bestows an impetus to the growth of this market. The report profiles 10 promising players in the power electronics market ecosystem.
For Further Details: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=204729766
The competitive landscape of the market presents a very interesting picture, where a large number of small players have become forces to reckon with. The market is witnessing large scale collaborations and partnerships across the value and supply chain, among the number of tier-one players around the globe.
Browse Related Reports
Gallium Nitride Devices (Discrete & IC) and Substrate Wafer Market by Technology, Application, Product, Device & by Geography - Forecast & Analysis to 2013 - 2022
Sapphire Technology Market by Growth Technologies (KY, CZ, HEM, and EFG), Substrate Wafer (Si-on-Sapphire, SiC-on-Sapphire, GaN-on-Sapphire, and Others), Devices, Applications, and Geography - Analysis & Forecast to 2013 - 2020
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors.