GITNUX MARKETDATA REPORT 2024

Power Electronics Industry Statistics

The power electronics industry is projected to experience steady growth in the coming years driven by increasing demand for energy-efficient technologies and the growing adoption of electric vehicles and renewable energy sources.

Statistic 1

"The global power electronics market size was valued at USD 36.93 billion in 2019."

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Statistic 2

"It is anticipated that the power electronics market will grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027."

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Statistic 3

"The Asia Pacific region accounts for the highest revenue share in the overall power electronics market, with over 30% of the total market in 2020."

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Statistic 4

"The industrial sector represented around 39.8% of the power electronics market in 2020."

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Statistic 5

"The power modules segment was estimated to be the most lucrative segment in 2020, accounting for 57.7% of the total market."

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Statistic 6

"Europe's power electronics market is anticipated to grow at a CAGR of 3.8% during 2021-2026."

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Statistic 7

"The market size for power electronics devices in Japan was estimated to be $6.52 billion in 2020."

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Statistic 8

"Silicon type power electronics held the largest market share, accounting for over 53% in 2019."

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Statistic 9

"Renewable energy applications are predicted to be one of the fastest-growing segment of the power electronics market, at a CAGR of 7.6% from 2020 to 2027."

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Statistic 10

"China held a dominant position in the Asia Pacific power electronics market in 2020 and it is expected to retain its dominance throughout the forecast period."

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Statistic 11

"North America power electronics market is expected to reach USD 11.8 billion by 2026."

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Statistic 12

"By 2025 an estimated 80% of electricity will use power electronics somewhere between the point of generation and its end use."

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Statistic 13

"In consumer applications, the power demand for power electronics was around USD 6.05 billion in 2019."

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Statistic 14

"The power discrete devices and modules markets reached $21.6 billion in 2019."

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Statistic 15

"Global power electronics for Electric Vehicles market is expected to account for USD 30 billion by 2026."

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Statistic 16

"In the communication segment, power electronics market was valued at approximately USD 1.54 billion in 2019."

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Statistic 17

"The global Power Supply in Package (PSiP) and Power Supply on Chip (PwrSoC) market size is expected to reach USD 2.8 billion by 2025 at a CAGR of 25.8%."

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Statistic 18

"In terms of device type, power ICs are predicted to hold the highest market share and maintain the trend till 2027 in the power electronics market."

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