Switching electronic circuits are used to control the flow of energy in an electronic device. These switches are known as power electronics. Power electronics also helps in the conversion of power through semiconductor devices like diodes, transistors and thyristors. These devices can perform functions such as optimum forward and reverse backing capabilities. The devices are compact and can be used across a number of electronic devices across numerous applications. As of 2015, power electronics has become indispensable for applications related to renewable energy.
As a result of the numerous advancements in technology and R&D in the electronics sector, power electronics is being used across for almost all electronic devise, even more so for those in the industrial sector. The substrate technology used in power electronics plays a significant role in ensuring a more rugged device with a longer life-cycle. Power electronics provide high efficiency, and better electrical properties to withstand numerous life-cycles which is perfectly apt for applications such as aerospace, industrial and power.
The power electronics market is being fuelled by advancements in the electronics industry and increase R&D spending in the same. As on date, the APAC region contributes the highest to the overall power electronics market with the Americas expected to post the highest growth during the forecast period. The APAC region is fuelled primarily by the number of industrial centers which are located in the region. Further to this, the region is home to almost 80% of all the electronics manufacturing which takes place globally and as such, power electronics are used by the OEMs directly in this region.
The market has been witnessing the onset of a large number of smaller players that are making headway into the market as well as a number of partnerships in terms of technology sharing and application penetration. In spite of the numerous advantages associated with power electronics, there are certain disadvantages which are inhibiting the growth of the market. The first being the high cost f production.
Power Electronics Market
In terms of substrate wafer technology the market has been divided into the following GaN, SiC, and Others. The Power Electronics market has also been segmented by the following devices Power IC, Power Module & Power Discrete, diode rectifiers, ac-dc converters, ac-ac converters, dc-dc converters, dc-ac converters and static switches. The Power electronics market has also been segmented by the following applications Industrial, solar power, wind power, electric cars, aerospace and consumer electronics. The Power electronics market has also been segmented by the following geographies Americas, APAC, Europe and ROW.
Following are just a few of the companies that are operating in the Power Electronics market:
Fairchild Semiconductor
Hitachi Co
Infineon Technologies AG
Microsemi Corp.
Mitsubishi Electric Corp
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