Global Power Electronics Market Size, Share, Opportunities, And Trends By Material (Gallium Nitride, Silicon, Silicon Carbide, Others), By Device Type (Power Discrete, Power Module, Power IC), By End-User Industry (Communication and Technology, Consumer Electronics, Energy and Power, Automotive, Aerospace and Defense, Others) And By Geography - Forecasts From 2025 To 2030

Power Electronics Market Size:

The global power electronics market is forecasted to expand at a 6.01% CAGR, reaching USD 54.337 billion by 2030 from USD 40.592 billion in 2025.

Increasing demand for energy-efficient power devices coupled with the upgradation of power infrastructure are the major factors driving the demand for power electronics devices. For instance, India is investing heavily in order to generate and distribute electricity to a larger proportion of the population. In fact, the installed transmission line in India has increased from 274,588 ckm in March 2013 to 399,142 ckm in August 2018 (source: Ministry of Power, Government of India). Simultaneously, the production of electric vehicles is also anticipated to significantly push the growth of the market. However, the complex integration and design of advanced technological devices will restrict the growing demand for these devices. Geographically, the Asia Pacific region will be one of the most attractive markets on account of increasing adoption across industry verticals throughout the forecast period.

Power Electronics Market Drivers:

• Focus on the development of energy-efficient devices.
• Growing investment in electric vehicles.

Power Electronics Market Restraints:

• High Cost
• Probability of high defect density of WBG materials.

Power Electronics Market Players:

Major industry players profiled as part of the report are Vishay Intertechnology, Inc., Toshiba International Corporation, STMicroelectronics, and Fuji Electric Corporation among others.

Segmentation

The global power electronics market has been analyzed through the following segments:

• BY MATERIAL

• • Gallium Nitride (GaN)
  • Silicon (Si)
  • Silicon Carbide (SiC)
  • Others

• BY DEVICE TYPE

• • Power Discrete
  • Power Module
  • Power IC

• BY END-USER INDUSTRY

• • Communication and Technology
  • Consumer Electronics
  • Energy and Power
  • Automotive
  • Aerospace and Defense
  • Others

• By Geography

• • North America

• • • USA
    • Canada
    • Mexico

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • Germany
    • France
    • United Kingdom
    • Spain
    • Others

• • Middle East and Africa

• • • Saudi Arabia
    • Israel
    • Others

• • Asia Pacific

• • • China
    • Japan
    • South Korea
    • India
    • Others