1 INTRODUCTION 20
1.1 STUDY OBJECTIVES 20
1.2 MARKET DEFINITION AND SCOPE 20
1.2.1 INCLUSIONS AND EXCLUSIONS 21
1.3 STUDY SCOPE 21
1.3.1 MARKETS COVERED 21
1.3.2 YEARS CONSIDERED 22
1.4 CURRENCY 22
1.5 LIMITATIONS 22
1.6 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 26
2.1.1.1 Secondary sources 26
2.1.2 PRIMARY DATA 27
2.1.2.1 Breakdown of primaries 27
2.1.2.2 Key data from primary sources 28
2.1.2.3 Key industry insights 29
2.2 MARKET SIZE ESTIMATION 29
2.2.1 BOTTOM-UP APPROACH 30
2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side) 30
2.2.2 TOP-DOWN APPROACH 31
2.2.2.1 Approach for capturing market size by top-down analysis (supply side) 31
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 32
2.4 RESEARCH ASSUMPTIONS 33

3 EXECUTIVE SUMMARY 34

4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE OPPORTUNITIES IN POWER ELECTRONICS MARKET 38
4.2 POWER ELECTRONICS MARKET IN APAC, BY DEVICE TYPE AND VERTICAL 38
4.3 POWER ELECTRONICS MARKET, BY VOLTAGE 39
4.4 COUNTRY-WISE POWER ELECTRONICS MARKET GROWTH RATE 39
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5 MARKET OVERVIEW 40
5.1 MARKET DYNAMICS 40
5.1.1 DRIVERS 42
5.1.1.1 Increasing focus on the use of renewable power sources across
the globe 42
5.1.1.2 Growing adoption of power electronics in the manufacturing of electric vehicles 43
5.1.1.3 Increasing applications of power electronics in consumer electronics 43
5.1.2 RESTRAINTS 44
5.1.2.1 Complex design and integration process 44
5.1.3 OPPORTUNITIES 44
5.1.3.1 Increasing use of GaN & SiC products in various applications 44
5.1.3.2 Growing industrialization in developing economies 45
5.1.4 CHALLENGES 45
5.1.4.1 Ever-changing demand for more compact and efficient devices
at low prices 45
5.2 VALUE CHAIN ANALYSIS 45
5.3 IMPACT OF COVID-19 ON THE POWER ELECTRONICS MARKET 46

6 POWER ELECTRONICS MARKET, BY DEVICE TYPE 48
6.1 INTRODUCTION 49
6.2 POWER DISCRETE 50
6.2.1 DIODE 53
6.2.1.1 PIN diode 53
6.2.1.1.1 PIN diodes are mostly used in high-switching applications 53
6.2.1.2 Zener diode 53
6.2.1.2.1 Zener diodes are mostly used in voltage regulators 53
6.2.1.3 Schottky diode 54
6.2.1.3.1 Schottky diode is extensively used as it consumes
less voltage 54
6.2.1.4 Switching diode 54
6.2.1.4.1 Switching diode offers small-scale switching operations 54
6.2.1.5 Rectifier diode 54
6.2.1.5.1 Cost-effective solutions are mainly used for rectification 54
6.2.2 TRANSISTORS 54
6.2.2.1 Field Effect Transistor (FET) 55
6.2.2.1.1 GaN technology enables to manufacture more efficient
FETs with high input impedance 55
6.2.2.2 Bipolar Junction Transistor (BJT) 56
6.2.2.2.1 Mostly suitable for high-frequency applications 56
6.2.2.3 Insulated Gate Bipolar Transistor (IGBT) 56
6.2.2.3.1 Provides fast switching speed and is combined with zero gate drive current, which makes it suitable for high voltage applications 56
6.2.2.3.2 NPT IGBT 56
6.2.2.3.2.1 Suitable for comparatively higher voltage-rated devices 56
6.2.2.3.3 PT IGBT 57
6.2.2.3.3.1 These IGBTs are used for higher switching speed applications 57
6.2.3 THYRISTOR 57
6.2.3.1 Offers cost-effective solutions across variable speed motor drives 57
6.3 POWER MODULE 57
6.3.1 INTELLIGENT POWER MODULE (IPM) 61
6.3.1.1 Intelligent modules are compact and assembled to reduce size, cost, and time to market of electronic devices 61
6.3.2 STANDARD & POWER INTEGRATED MODULE 61
6.3.2.1 MOSFET module 62
6.3.2.1.1 MOSFET by type 62
6.3.2.1.1.1 N-Channel 62
6.3.2.1.1.1.1 Mostly suitable for power supply and motor drive applications 62
6.3.2.1.1.2 P-Channel 62
6.3.2.1.1.2.1 High inherent capacitance makes it operable at low-switching speed 62
6.3.2.1.2 MOSFET by mode 63
6.3.2.1.2.1 Depletion mode 63
6.3.2.1.2.1.1 Depletion MOSFET is used for power supply and voltage protection applications 63
6.3.2.1.2.2 Enhancement mode 63
6.3.2.1.2.2.1 Provides high efficiency across power switching applications 63
6.3.2.2 IGBT module 64
6.3.2.2.1 Industrial and automobile applications provide opportunities for the market 64
6.3.3 OTHER MODULES 64
6.4 POWER IC 64
6.4.1 POWER MANAGEMENT IC 67
6.4.1.1 PMICs are used in a wide range of consumer applications 67
6.4.2 APPLICATION-SPECIFIC IC 67
6.4.2.1 Power ICs can be customized as per the requirement of end users 67

7 POWER ELECTRONICS MARKET, BY MATERIAL 68
7.1 INTRODUCTION 69
7.2 SILICON (SI) 70
7.2.1 SILICON DEVICES ARE LESS EXPENSIVE TO MANUFACTURE THAN OTHER DEVICES 70
7.3 SILICON CARBIDE (SIC) 70
7.3.1 INCREASING USE OF SIC-BASED POWER ELECTRONICS IN ELECTRIC VEHICLES AND HEVS TO DRIVE THE GROWTH OF THE SEGMENT 70
7.4 GALLIUM NITRIDE (GAN) 72
7.4.1 GAN-BASED SEMICONDUCTORS REDUCE SWITCHING LOSSES AND OFFER HIGH EFFICIENCY IN POWER ELECTRONIC SYSTEMS 72
7.5 OTHERS 73

8 POWER ELECTRONICS MARKET, BY VOLTAGE 74
8.1 INTRODUCTION 75
8.2 LOW VOLTAGE 76
8.2.1 GROWING ADOPTION OF LOW VOLTAGE DEVICES IN THE AUTOMOTIVE, CONSUMER, AND INDUSTRIAL SECTORS TO DRIVE THE GROWTH OF THE SEGMENT 76
8.3 MEDIUM VOLTAGE 77
8.3.1 GROWTH OF MEDIUM VOLTAGE POWER ELECTRONICS SEGMENT IS DRIVEN BY THEIR INCREASING USE IN POWER & ENERGY APPLICATIONS 77
8.4 HIGH VOLTAGE 77
8.4.1 HVDC APPLICATION PROVIDES OPPORTUNITY FOR HIGH VOLTAGE POWER ELECTRONICS MARKET 77

9 POWER ELECTRONICS, BY WAFER SIZE 78
9.1 INTRODUCTION 78
9.2 200MM & LESS THAN 200MM WAFER 78
9.3 300MM WAFER 78

10 POWER ELECTRONICS, BY CURRENT LEVEL 79
10.1 INTRODUCTION 79
10.2 UP TO 25A 79
10.3 25A TO 40A 79
10.4 ABOVE 40A 79

11 POWER ELECTRONICS APPLICATIONS 80
11.1 INTRODUCTION 80
11.2 POWER MANAGEMENT 80
11.3 DRIVES 80
11.4 UPS 81
11.5 RAIL TRACTION 81
11.6 TRANSPORTATION 81
11.7 RENEWABLE 82
11.8 OTHERS 82
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12 POWER ELECTRONICS MARKET, BY VERTICAL 83
12.1 INTRODUCTION 84
12.2 ICT 85
12.2.1 INCREASING DEMAND FOR ADVANCED POWER DEVICES TO DRIVE THE GROWTH OF ICT SEGMENT 85
12.3 CONSUMER ELECTRONICS 87
12.3.1 INCREASING ADOPTION OF CONSUMER ELECTRONICS TO DRIVE THE MARKET FOR POWER MANAGEMENT IC 87
12.4 INDUSTRIAL 90
12.4.1 INCREASING INDUSTRIAL AUTOMATION TO DRIVE THE GROWTH OF MARKET 90
12.4.2 ENERGY & POWER 93
12.4.2.1 Photovoltaics 93
12.4.2.1.1 Increasing initiatives by governments in the production of clean energy to drive the PV and power electronics market 93
12.4.2.2 Wind Turbine 93
12.4.2.2.1 Electricity generation using wind turbines to increase the demand for power electronic devices 93
12.5 AUTOMOTIVE & TRANSPORTATION 94
12.5.1 INCREASING IMPORTANCE OF ADVANCED POWER SEMICONDUCTOR DEVICES IN AUTOMOTIVE APPLICATION TO DRIVE SIC AND GAN POWER ELECTRONICS MARKET 94
12.5.1.1 Powertrain 98
12.5.1.2 Body & Convenience 98
12.5.1.3 Chassis & Safety and ADAS 98
12.5.1.4 Infotainment 98
12.6 AEROSPACE & DEFENSE 98
12.6.1 HIGH POWER CAPABILITY OF GAN INCREASES ITS ADOPTION IN AEROSPACE & DEFENSE APPLICATIONS 98
12.7 OTHERS 101
13 POWER ELECTRONICS MARKET, BY GEOGRAPHY 103
13.1 INTRODUCTION 104
13.2 NORTH AMERICA 105
13.2.1 US 108
13.2.1.1 Rising adoption of power semiconductors across automotive and industrial verticals to boost power electronics market growth 108
13.2.2 CANADA 109
13.2.2.1 Expanding automobile industry in Canada is expected to provide opportunities for power electronics market growth 109
13.2.3 MEXICO 110
13.2.3.1 Increasing government initiatives for clean energy production anticipated to boost power electronics market growth 110
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13.3 EUROPE 110
13.3.1 UK 113
13.3.1.1 Industrial and automotive verticals to fuel growth of power electronics market in the UK 113
13.3.2 GERMANY 114
13.3.2.1 Growing investments in electric and hybrid vehicles is expected to favor power electronics market in Germany 114
13.3.3 FRANCE 115
13.3.3.1 Thriving industrial sector to provide opportunities for power electronics market growth 115
13.3.4 ITALY 116
13.3.4.1 Growing automotive industry to boost the growth of power electronics market 116
13.3.5 REST OF EUROPE 117
13.4 ASIA PACIFIC 117
13.4.1 CHINA 120
13.4.1.1 Thriving consumer electronics industry and government initiatives to adopt electrified vehicles pushing growth of pushing market growth in China 120
13.4.2 JAPAN 121
13.4.2.1 Automotive and industrial verticals to induce high demand within power electronics market in Japan 121
13.4.3 SOUTH KOREA 122
13.4.3.1 Growth of the power electronics market is mainly driven by consumer electronics and automotive applications 122
13.4.4 INDIA 123
13.4.4.1 Government initiatives to ramp up renewable energy production to provide opportunities for power electronics market 123
13.4.5 REST OF APAC 123
13.5 ROW 124
13.5.1 SOUTH AMERICA 125
13.5.1.1 Rise in number of solar power projects driving growth of power electronics market 125
13.5.2 MIDDLE EAST & AFRICA 126
13.5.2.1 Increase in production of renewable energy to boost power electronics market growth 126

14 COMPETITIVE LANDSCAPE 127
14.1 OVERVIEW 127
14.2 MARKET RANKING ANALYSIS: POWER ELECTRONICS MARKET, 2019 128
14.3 COMPETITIVE LEADERSHIP MAPPING 129
14.3.1 VISIONARY LEADERS 129
14.3.2 DYNAMIC DIFFERENTIATORS 129
14.3.3 INNOVATORS 129
14.3.4 EMERGING COMPANIES 129
14.4 STRENGTH OF PRODUCT PORTFOLIO IN POWER ELECTRONICS MARKET (25 PLAYERS) 131
14.5 BUSINESS STRATEGY EXCELLENCE IN POWER ELECTRONICS MARKET (25 PLAYERS) 132
14.6 COMPETITIVE SITUATIONS AND TRENDS 133
14.6.1 PRODUCT LAUNCHES 133
14.6.2 PARTNERSHIPS, AGREEMENTS & COLLABORATIONS 134
14.6.3 EXPANSION 135
14.6.4 ACQUISITIONS 135

15 COMPANY PROFILES 137
15.1 INTRODUCTION 137
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
15.2 KEY PLAYERS 138
15.2.1 INFINEON TECHNOLOGIES 138
15.2.2 ON SEMICONDUCTOR 144
15.2.3 STMICROELECTRONICS 148
15.2.4 MITSUBISHI ELECTRIC 152
15.2.5 VISHAY INTERTECHNOLOGY 156
15.2.6 FUJI ELECTRIC 160
15.2.7 NXP SEMICONDUCTORS 162
15.2.8 RENESAS ELECTRONICS 164
15.2.9 TEXAS INSTRUMENTS 167
15.2.10 TOSHIBA 169
15.3 OTHER KEY PLAYERS 172
15.3.1 ABB 172
15.3.2 GAN SYSTEMS 173
15.3.3 LITTELFUSE 174
15.3.4 MAXIM INTEGRATED 175
15.3.5 MICROCHIP 176
15.3.6 ROHM 177
15.3.7 SEMIKRON 178
15.3.8 TRANSPHORM 179
15.3.9 UNITEDSIC 180
15.3.10 WOLFSPEED, A CREE COMPANY 181
15.4 RIGHT TO WIN 182
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.


16 APPENDIX 183
16.1 DISCUSSION GUIDE 183
16.2 KNOWLEDGE STORE: 186
16.3 AVAILABLE CUSTOMIZATIONS 188
16.4 RELATED REPORTS 188
16.5 AUTHOR DETAILS 189