Table of Content

"1    INTRODUCTION    35
1.1    STUDY OBJECTIVES    35
1.2    MARKET DEFINITION AND SCOPE    35
1.2.1    INCLUSIONS AND EXCLUSIONS    36
1.3    STUDY SCOPE    36
FIGURE 1    SEGMENTATION OF POWER ELECTRONICS MARKET    36
1.3.1    YEARS CONSIDERED    37
1.4    CURRENCY & PRICING    37
1.5    STAKEHOLDERS    37
1.6    SUMMARY OF CHANGES    38
2    RESEARCH METHODOLOGY    39
2.1    RESEARCH DATA    39
FIGURE 2    POWER ELECTRONICS MARKET: RESEARCH DESIGN    39
2.1.1    SECONDARY AND PRIMARY RESEARCH    40
2.1.1.1    Key industry insights    41
2.1.2    SECONDARY DATA    41
2.1.2.1    List of key secondary sources    41
2.1.2.2    Key data from secondary sources    42
2.1.3    PRIMARY DATA    43
2.1.3.1    Breakdown of primary interviews    43
2.1.3.2    Key data from primary sources    44
2.2    MARKET SIZE ESTIMATION    44
2.2.1    BOTTOM-UP APPROACH    45
2.2.1.1    Approach to arrive at market size using bottom-up analysis
(demand-side)    45
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    45
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)—
DEMAND FOR POWER ELECTRONICS    46
2.2.2    TOP-DOWN APPROACH    46
2.2.2.1    Approach for obtaining market size using top-down analysis
(supply-side)    47
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    47
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY-SIDE)—IDENTIFICATION OF SEGMENT SIZE IN POWER ELECTRONICS MARKET    47
2.2.3    MARKET PROJECTIONS    48
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    49
FIGURE 7    DATA TRIANGULATION    49
2.4    RESEARCH ASSUMPTIONS AND LIMITATIONS    50
2.4.1    ASSUMPTIONS    50
2.4.2    LIMITATIONS    51
2.5    RISK ASSESSMENT    52
3    EXECUTIVE SUMMARY    53
TABLE 1    SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY    53
3.1    REALISTIC SCENARIO    54
3.2    OPTIMISTIC SCENARIO    54
3.3    PESSIMISTIC SCENARIO    54
FIGURE 8    GROWTH PROJECTIONS OF POWER ELECTRONICS MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS    55
FIGURE 9    IMPACT OF COVID-19 ON POWER ELECTRONICS MARKET    55
FIGURE 10    POWER IC SEGMENT TO HOLD LARGEST SHARE OF POWER ELECTRONICS MARKET IN 2026    56
FIGURE 11    SILICON-BASED POWER ELECTRONICS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2021    57
FIGURE 12    CONSUMER ELECTRONICS VERTICAL TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD    58
FIGURE 13    POWER ELECTRONICS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    59
4    PREMIUM INSIGHTS    60
4.1    ATTRACTIVE OPPORTUNITIES IN POWER ELECTRONICS MARKET    60
FIGURE 14    GLOBAL FOCUS ON RENEWABLE ENERGY GENERATION AND ELECTRIC VEHICLE UTILIZATION TO DRIVE GROWTH OF POWER ELECTRONICS MARKET    60
4.2    POWER ELECTRONICS MARKET, BY DEVICE TYPE    60
FIGURE 15    POWER IC TO HOLD LARGEST MARKET SIZE IN 2026    60
4.3    POWER ELECTRONICS MODULE MARKET, BY TYPE    61
FIGURE 16    STANDARD AND POWER INTEGRATED MODULES TO ACCOUNT FOR LARGER MARKET SHARE THAN INTELLIGENT POWER MODULES THROUGHOUT FORECAST PERIOD    61
4.4    POWER ELECTRONICS MARKET, BY VERTICAL    61
FIGURE 17    CONSUMER ELECTRONICS TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2021 TO 2026    61
4.5    POWER ELECTRONICS MARKET IN APAC, BY DEVICE TYPE AND VERTICAL    62
FIGURE 18    POWER IC AND CONSUMER ELECTRONICS SEGMENTS HELD LARGEST MARKET SHARE IN APAC, BY DEVICE TYPE AND VERTICAL,
RESPECTIVELY, IN 2021    62
4.6    POWER ELECTRONICS MARKET, BY COUNTRY    62
FIGURE 19    CHINA TO RECORD HIGHEST CAGR IN POWER ELECTRONICS MARKET DURING FORECAST PERIOD    62
5    MARKET OVERVIEW    63
5.1    INTRODUCTION    63
5.2    MARKET DYNAMICS    63
FIGURE 20    IMPACT OF DRIVERS AND OPPORTUNITIES ON POWER ELECTRONICS MARKET    63
FIGURE 21    IMPACT OF RESTRAINTS AND CHALLENGES ON POWER ELECTRONICS MARKET    64
5.2.1    DRIVERS    64
5.2.1.1    High adoption of renewable power sources    64
5.2.1.2    Rapid development of electric vehicles    65
FIGURE 22    ELECTRIC VEHICLE MARKET, 2021–2030    65
5.2.1.3    Increased use of power electronics in consumer devices    66
5.2.2    RESTRAINTS    66
5.2.2.1    Complex design and integration process    66
5.2.3    OPPORTUNITIES    66
5.2.3.1    Wide bandgap semiconductors promoting new applications of power electronics    66
5.2.3.2    Huge investments in power electronics by China-based companies    67
5.2.4    CHALLENGES    67
5.2.4.1    Ever-changing demand for miniature, highly efficient, and
cost-effective devices    67
5.2.4.2    COVID-19 impact on power electronics market    68
5.3    TARIFFS AND REGULATIONS    68
5.3.1    TARIFFS PERTAINING TO POWER ELECTRONICS    68
5.4    REGULATIONS    68
5.4.1    AEC-Q101    68
5.4.2    ROHS    69
5.4.3    IEEE 1662-2016    69
5.5    CASE STUDIES    69
5.5.1    INFINEON TECHNOLOGIES SHOWCASED POWER ELECTRONICS BASED ON GAN, SIC, AND SI MATERIALS    69
5.5.2    INFINEON TECHNOLOGIES SHOWCASED POWER ELECTRONICS BASED ON WIDE BANDGAP SEMICONDUCTOR MATERIALS    69
5.5.3    ON SEMICONDUCTOR SHOWCASED POWER ELECTRONICS MOSFETS FOR AUTOMOTIVE APPLICATIONS    69
5.5.4    ON SEMICONDUCTOR SHOWCASED NEW POWER ELECTRONICS FOR AUTOMOTIVE AND INDUSTRIAL APPLICATIONS    69
5.5.5    VISHAY INTERTECHNOLOGY RECEIVED AWARD FOR MOSFET DESIGN    70
5.5.6    FUJI ELECTRIC EXPANDING CAPABILITIES OF SIC-BASED DIODES AND TRANSISTORS    70
5.5.7    FUJI ELECTRIC DEVELOPS WORLD’S HIGHEST LEVEL OF LOW SPECIFIC RESISTANCE MOSFET    70
5.5.8    FUJI ELECTRIC DEVELOPS IGBT MODULES FOR AUTOMOTIVE APPLICATIONS    70
5.5.9    ROHM AND GEELY PARTNER TO DEVELOP SIC-BASED POWER ELECTRONICS FOR AUTOMOTIVE APPLICATION    70
5.5.10    BEIJING SIFANG AUTOMATION USING INTEGRATED SIGNAL-CHAIN ICS FROM MAXIM INTEGRATED    70

6    INDUSTRY TRENDS    71
6.1    INTRODUCTION    71
6.2    VALUE CHAIN ANALYSIS    71
FIGURE 23    VALUE CHAIN ANALYSIS OF POWER ELECTRONICS ECOSYSTEM:
R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE    71
6.3    ECOSYSTEM/MARKET MAP    73
FIGURE 24    POWER ELECTRONICS MARKET ECOSYSTEM    73
6.3.1    SUPPLIERS    73
6.3.2    MANUFACTURERS    73
6.3.3    DISTRIBUTORS    74
6.3.4    OEMS    74
6.4    TECHNOLOGY ANALYSIS    74
6.4.1    KEY TECHNOLOGIES    74
6.4.1.1    Renewable energy systems    74
6.4.1.2    Automotive electronics and drives    74
6.4.1.3    UPS    74
6.5    TECHNOLOGY TRENDS    75
6.5.1    300MM WAFER TECHNOLOGY    75
6.5.2    SIC AND GAN MATERIALS    75
6.6    PATENT ANALYSIS    75
FIGURE 25    PATENT APPLICATION TRENDS FOR POWER ELECTRONICS IN
LAST FIVE YEARS    80
6.7    TRADE DATA    80
6.7.1    TRADE DATA    80
FIGURE 26    IMPORTS DATA FOR HS CODE 8451, BY COUNTRY, 2016–2020    81
TABLE 2    IMPORTS DATA FOR HS CODE 8541, BY COUNTRY,
2016–2020 (USD BILLION)    81
FIGURE 27    EXPORTS DATA FOR HS CODE 8541, BY COUNTRY, 2016–2020    82
TABLE 3    EXPORTS DATA FOR HS CODE 8541, BY COUNTRY,
2016–2020 (USD BILLION)    82
6.8    PORTER’S FIVE FORCES ANALYSIS    83
TABLE 4    POWER ELECTRONICS MARKET: PORTER’S FIVE FORCES ANALYSIS    83
6.8.1    DEGREE OF COMPETITION    83
6.8.2    BARGAINING POWER OF SUPPLIERS    83
6.8.3    BARGAINING POWER OF BUYERS    83
6.8.4    THREAT FROM SUBSTITUTES    83
6.8.5    THREAT OF NEW ENTRANTS    84
6.9    POWER ELECTRONICS MARKET: SUPPLY CHAIN    84
6.10    TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS    85
FIGURE 28    POWER ELECTRONICS MARKET    85

7    POWER ELECTRONICS MARKET, BY DEVICE TYPE    86
7.1    INTRODUCTION    87
FIGURE 29    POWER MODULE SEGMENT TO REGISTER HIGHEST CAGR IN POWER ELECTRONICS MARKET DURING FORECAST PERIOD    87
TABLE 5    POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2017–2020 (USD BILLION)    87
TABLE 6    POWER ELECTRONICS MARKET, BY DEVICE TYPE, 2021–2026 (USD BILLION)    87
7.2    POWER DISCRETE    88
TABLE 7    POWER ELECTRONICS MARKET FOR DISCRETE, BY DEVICE TYPE,
2017–2020 (USD BILLION)    88
TABLE 8    POWER ELECTRONICS MARKET FOR DISCRETE, BY DEVICE TYPE,
2021–2026 (USD BILLION)    88
TABLE 9    POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2017–2020 (BILLION UNITS)    89
TABLE 10    POWER ELECTRONICS MARKET, BY DEVICE TYPE,
2021–2026 (BILLION UNITS)    89
TABLE 11    POWER ELECTRONICS MARKET FOR DISCRETE, BY VERTICAL,
2017–2020 (USD BILLION)    89
TABLE 12    POWER ELECTRONICS MARKET FOR DISCRETE, BY VERTICAL,
 2021–2026 (USD BILLION)    90
FIGURE 30    POWER ELECTRONICS MARKET FOR DISCRETE DEVICES IN APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    90
TABLE 13    POWER ELECTRONICS MARKET FOR DISCRETE, BY REGION,
2017–2020 (USD MILLION)    90
TABLE 14    POWER ELECTRONICS MARKET FOR DISCRETE, BY REGION,
 2021–2026 (USD MILLION)    91
TABLE 15    POWER ELECTRONICS MARKET FOR DISCRETE IN CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)    91
TABLE 16    POWER ELECTRONICS MARKET FOR DISCRETE IN CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)    91
TABLE 17    POWER ELECTRONICS MARKET FOR DISCRETE IN INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)    92
TABLE 18    POWER ELECTRONICS MARKET FOR DISCRETE IN INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)    92
TABLE 19    POWER ELECTRONICS MARKET FOR DISCRETE IN ICT, BY REGION,
 2017–2020 (USD MILLION)    92
TABLE 20    POWER ELECTRONICS MARKET FOR DISCRETE IN ICT, BY REGION,
2021–2026 (USD MILLION)    93
TABLE 21    POWER ELECTRONICS MARKET FOR DISCRETE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2020 (USD MILLION)    93
TABLE 22    POWER ELECTRONICS MARKET FOR DISCRETE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2026 (USD MILLION)    93
TABLE 23    POWER ELECTRONICS MARKET FOR DISCRETE IN AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)    94
TABLE 24    POWER ELECTRONICS MARKET FOR DISCRETE IN AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)    94
TABLE 25    POWER ELECTRONICS MARKET FOR DISCRETE IN OTHER INDUSTRIES,
 BY REGION, 2017–2020 (USD MILLION)    94
TABLE 26    POWER ELECTRONICS MARKET FOR DISCRETE IN OTHER INDUSTRIES,
BY REGION, 2021–2026 (USD MILLION)    95
7.2.1    DIODE    95
7.2.1.1    Mounting type and diode packaging    95
7.2.1.1.1    Through-hole    95
7.2.1.1.1.1    Through-hole involves the use of leads inserted into holes drilled in PCBs    95
7.2.1.1.2    Surface mount    95
7.2.1.1.2.1    Surface-mount involves electrical components mounted directly onto the surface of a PCB    95
7.2.1.1.3    Categories of packaging    95
7.2.1.1.4    Examples of packaging    96
TABLE 27    LIST OF PLAYERS OFFERING DIFFERENT TYPES OF DIODES    97
7.2.1.2    PIN diode    98
7.2.1.2.1    PIN diodes are mostly used in high-switching applications    98
7.2.1.3    Zener diode    98
7.2.1.3.1    Zener diodes are useful for voltage regulators    98
7.2.1.4    Schottky diode    98
7.2.1.4.1    Schottky diodes are extensively used as they consume less voltage    98
7.2.1.5    Switching diode    99
7.2.1.5.1    Switching diodes offer small-scale switching operations    99
7.2.1.6    Rectifier diode    99
7.2.1.6.1    Cost-effective solutions are mainly used for rectification    99
7.2.2    TRANSISTORS    100
FIGURE 31    FET TRANSISTORS TO EXHIBIT HIGHEST CAGR IN POWER ELECTRONICS MARKET DURING FORECAST PERIOD    100
TABLE 28    POWER ELECTRONICS MARKET FOR TRANSISTORS, BY DEVICE TYPE,
2017–2020 (USD BILLION)    100
TABLE 29    POWER ELECTRONICS MARKET FOR TRANSISTOR, BY DEVICE TYPE,
2021–2026 (USD BILLION)    101
7.2.2.1    Field-effect transistor (FET)    101
7.2.2.1.1    GaN technology enables manufacturing of more efficient FETs with high input impedance    101
7.2.2.2    Bipolar junction transistor (BJT)    102
7.2.2.2.1    Bipolar junction transistors are mostly suitable for
high-frequency applications    102
7.2.2.3    Insulated gate bipolar transistor (IGBT)    102
7.2.2.3.1    Insulated gate bipolar transistor provides fast switching speed and is combined with zero gate drive current    102
7.2.2.3.2    NPT IGBT    102
7.2.2.3.2.1    NOT IGBT is suitable for high voltage devices    102
7.2.2.3.3    PT IGBT    102
7.2.2.3.3.1    PT IGBT is used for higher switching speed applications    102

7.2.3    THYRISTOR    103
7.2.3.1    Thyristors offers cost-effective solutions across variable speed motor drives    103
7.3    POWER MODULE    103
FIGURE 32    INTELLIGENT POWER MODULE MARKET TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD    103
TABLE 30    POWER ELECTRONICS MARKET FOR MODULE, BY TYPE,
2017–2020 (USD BILLION)    103
TABLE 31    POWER ELECTRONICS MARKET FOR MODULE, BY TYPE,
2021–2026 (USD BILLION)    104
FIGURE 33    APAC TO LEAD POWER MODULE MARKET DURING FORECAST PERIOD    104
TABLE 32    POWER ELECTRONICS MARKET FOR MODULE, BY REGION,
2017–2020 (USD MILLION)    104
TABLE 33    POWER ELECTRONICS MARKET FOR MODULE, BY REGION,
2021–2026 (USD MILLION)    105
TABLE 34    POWER ELECTRONICS MARKET FOR MODULE, BY VERTICAL,
2017–2020 (USD BILLION)    105
TABLE 35    POWER ELECTRONICS MARKET FOR MODULE, BY VERTICAL,
2021–2026 (USD BILLION)    105
TABLE 36    POWER ELECTRONICS MARKET FOR MODULE IN CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)    106
TABLE 37    POWER ELECTRONICS MARKET FOR MODULE IN CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)    106
TABLE 38    POWER ELECTRONICS MARKET FOR MODULE IN INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)    106
TABLE 39    POWER ELECTRONICS MARKET FOR MODULE IN INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)    107
TABLE 40    POWER ELECTRONICS MARKET FOR MODULE IN ICT, BY REGION,
2017–2020 (USD MILLION)    107
TABLE 41    POWER ELECTRONICS MARKET FOR MODULE IN ICT, BY REGION,
2021–2026 (USD MILLION)    107
TABLE 42    POWER ELECTRONICS MARKET FOR MODULE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2020 (USD MILLION)    108
TABLE 43    POWER ELECTRONICS MARKET FOR MODULE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2026 (USD MILLION)    108
TABLE 44    POWER ELECTRONICS MARKET FOR MODULEIN AEROSPACE & DEFENSE,
BY REGION, 2017–2020 (USD MILLION)    108
TABLE 45    POWER ELECTRONICS MARKET FOR MODULE IN AEROSPACE & DEFENSE,
BY REGION, 2021–2026 (USD MILLION)    109
TABLE 46    POWER ELECTRONICS MARKET FOR MODULE IN OTHER INDUSTRIES,
BY REGION, 2017–2020 (USD MILLION)    109
TABLE 47    POWER ELECTRONICS MARKET FOR MODULE IN OTHER INDUSTRIES,
BY REGION, 2021–2026 (USD MILLION)    109
7.3.1    INTELLIGENT POWER MODULE (IPM)    110
7.3.1.1    Intelligent modules are compact and assembled to reduce size, cost, and time to market electronic devices    110
7.3.2    STANDARD AND POWER INTEGRATED MODULE    110
TABLE 48    POWER ELECTRONICS MARKET FOR STANDARD & INTEGRATED MODULE,
BY TYPE, 2017–2020 (USD BILLION)    110
TABLE 49    POWER ELECTRONICS MARKET FOR STANDARD & INTEGRATED MODULE,
BY TYPE, 2021–2026 (USD BILLION)    111
7.3.2.1    MOSFET module    111
7.3.2.1.1    MOSFET, by type    111
7.3.2.1.1.1    N-channel    111
7.3.2.1.1.1.1    N-channel is mostly suitable for power supply and motor drive applications    111
7.3.2.1.1.2    P-channel    111
7.3.2.1.1.2.1    High inherent capacitance makes p-channel operable at low-switching speed    111
7.3.2.1.2    MOSFET, by mode    112
7.3.2.1.2.1    Depletion mode    112
7.3.2.1.2.1.1    Depletion MOSFET is used for power supply and voltage protection applications    112
7.3.2.1.2.2    Enhancement mode    112
7.3.2.1.2.2.1    Enhancement mode provides high efficiency across power switching applications    112
7.3.2.2    IGBT module    113
7.3.2.2.1    IGBT module is mostly used in industrial and automobile applications    113
7.3.3    OTHER MODULES    113
7.4    POWER IC    113
TABLE 50    POWER ELECTRONICS MARKET FOR IC, BY VERTICAL,
2017–2020 (USD BILLION)    113
TABLE 51    POWER ELECTRONICS MARKET FOR IC, BY VERTICAL,
2021–2026 (USD BILLION)    114
TABLE 52    POWER ELECTRONICS MARKET FOR IC, BY REGION,
2017–2020 (USD MILLION)    114
TABLE 53    POWER ELECTRONICS MARKET FOR IC, BY REGION,
2021–2026 (USD MILLION)    114
TABLE 54    POWER ELECTRONICS MARKET FOR POWER IC, FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)    115
TABLE 55    POWER ELECTRONICS MARKET FOR POWER IC, FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)    115
TABLE 56    POWER ELECTRONICS MARKET FOR POWER IC IN INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)    115
TABLE 57    POWER ELECTRONICS MARKET FOR POWER IC IN INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)    116
TABLE 58    POWER ELECTRONICS MARKET FOR POWER IC IN ICT, BY REGION,
2017–2020 (USD MILLION)    116
TABLE 59    POWER ELECTRONICS MARKET FOR POWER IC IN ICT, BY REGION,
2021–2026 (USD MILLION)    116
TABLE 60    POWER ELECTRONICS MARKET FOR POWER IC IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2020 (USD MILLION)    117
TABLE 61    POWER ELECTRONICS MARKET FOR POWER IC IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2026 (USD MILLION)    117
TABLE 62    POWER ELECTRONICS MARKET FOR POWER IC IN AEROSPACE &
DEFENSE, BY REGION, 2017–2020 (USD MILLION)    117
TABLE 63    POWER ELECTRONICS MARKET FOR POWER IC IN AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)    118
TABLE 64    POWER ELECTRONICS MARKET FOR POWER IC IN OTHER INDUSTRIES,
BY REGION, 2017–2020 (USD MILLION)    118
TABLE 65    POWER ELECTRONICS MARKET FOR POWER IC IN OTHER INDUSTRIES,
BY REGION, 2021–2026 (USD MILLION)    118
7.4.1    POWER MANAGEMENT IC    119
7.4.1.1    PMICs are used in many consumer applications    119
7.4.2    APPLICATION-SPECIFIC IC    119
7.4.2.1    Power ICs can be customized according to requirements of end users    119
8    POWER ELECTRONICS MARKET, BY MATERIAL    120
8.1    INTRODUCTION    121
FIGURE 34    GAN-BASED POWER ELECTRONICS TO REGISTER HIGH CAGR DURING FORECAST PERIOD    121
TABLE 66    POWER ELECTRONICS MARKET, BY MATERIAL, 2017–2020 (USD BILLION)    121
TABLE 67    POWER ELECTRONICS MARKET, BY MATERIAL, 2021–2026 (USD BILLION)    122
8.2    SILICON (SI)    123
8.2.1    SILICON DEVICES ARE SUITABLE FOR LOW- AND MEDIUM-VOLTAGE SEMICONDUCTOR APPLICATIONS    123
8.3    SILICON CARBIDE (SIC)    123
8.3.1    SILICON-CARBIDE SEMICONDUCTOR DEVICES ARE DESIGNED FOR
HIGH-VOLTAGE AND HIGH-TEMPERATURE APPLICATIONS    123
TABLE 68    RECENT DEVELOPMENTS FOR SIC DEVICES    124
8.4    GALLIUM NITRIDE (GAN)    124
8.4.1    GAN-BASED SEMICONDUCTORS OFFER WIDE BANDGAP, HIGH VOLTAGE, AND HIGH THERMAL CONDUCTIVITY    124
TABLE 69    RECENT DEVELOPMENTS FOR GAN DEVICES (2018–2020)    125
8.5    OTHERS    125
9    POWER ELECTRONICS MARKET, BY VOLTAGE    126
9.1    INTRODUCTION    127
FIGURE 35    LOW-VOLTAGE POWER ELECTRONICS TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD    127
TABLE 70    POWER ELECTRONICS MARKET, BY VOLTAGE, 2017–2020 (USD BILLION)    127
TABLE 71    POWER ELECTRONICS MARKET, BY VOLTAGE, 2021–2026, (USD BILLION)    127
9.2    LOW VOLTAGE    128
9.2.1    GROWING ADOPTION OF LOW-VOLTAGE DEVICES IN AUTOMOTIVE, CONSUMER, AND INDUSTRIAL SECTORS TO BOOST MARKET GROWTH    128
TABLE 72    POWER ELECTRONICS MARKET FOR LOW VOLTAGE, BY REGION,
2017–2020 (USD BILLION)    128
TABLE 73    POWER ELECTRONICS MARKET FOR LOW VOLTAGE, BY REGION,
2021–2026 (USD BILLION)    129
9.3    MEDIUM VOLTAGE    129
9.3.1    R INCREASING USE OF MEDIUM-VOLTAGE POWER ELECTRONICS IN POWER AND ENERGY APPLICATIONS ACCELERATES MARKET GROWTH    129
TABLE 74    POWER ELECTRONICS MARKET FOR MEDIUM VOLTAGE, BY REGION,
2017–2020 (USD MILLION)    129
TABLE 75    POWER ELECTRONICS MARKET FOR MEDIUM VOLTAGE, BY REGION,
2021–2026 (USD MILLION)    130
9.4    HIGH VOLTAGE    130
9.4.1    SURGING NEED FOR HIGH-VOLTAGE POWER ELECTRONICS IN HVDC APPLICATIONS    130
TABLE 76    POWER ELECTRONICS MARKET FOR HIGH VOLTAGE, BY REGION,
2017–2020 (USD BILLION)    130
TABLE 77    POWER ELECTRONICS MARKET FOR HIGH VOLTAGE, BY REGION,
2021–2026 (USD BILLION)    131
10    POWER ELECTRONICS, BY WAFER SIZE    132
10.1    INTRODUCTION    132
10.2    200MM AND LESS THAN 200MM WAFER    132
10.3    300MM WAFER    133
11    POWER ELECTRONICS, BY CURRENT LEVEL    134
11.1    INTRODUCTION    134
11.2    UP TO 25A    134
11.3    25A TO 40A    134
11.4    ABOVE 40A    134
12    APPLICATIONS OF POWER ELECTRONICS    135
12.1    INTRODUCTION    135
12.2    POWER MANAGEMENT    135
12.3    DRIVES    135
12.4    UPS    135
12.5    RAIL TRACTION    136
12.6    TRANSPORTATION    136
12.7    RENEWABLES    137
12.8    OTHERS    137
13    POWER ELECTRONICS MARKET, BY VERTICAL    138
13.1    INTRODUCTION    139
FIGURE 36    POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICALS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    139
TABLE 78    POWER ELECTRONICS MARKET, BY VERTICAL, 2017–2020 (USD BILLION)    139
TABLE 79    POWER ELECTRONICS MARKET, BY VERTICAL, 2021–2026 (USD BILLION)    140
13.2    ICT    140
13.2.1    ELEVATING DEMAND FOR ADVANCED POWER ELECTRONIC DEVICES TO DRIVE GROWTH OF ICT SEGMENT    140
TABLE 80    POWER ELECTRONICS MARKET FOR ICT, BY DEVICE TYPE,
2017–2020 (USD MILLION)    141
TABLE 81    POWER ELECTRONICS MARKET FOR ICT, BY DEVICE TYPE,
2021–2026 (USD MILLION)    141
TABLE 82    POWER ELECTRONICS MARKET FOR ICT, BY REGION,
2017–2020 (USD MILLION)    141
TABLE 83    POWER ELECTRONICS MARKET FOR ICT, BY REGION,
2021–2026 (USD MILLION)    142
TABLE 84    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR ICT, BY COUNTRY, 2017–2020 (USD MILLION)    142
TABLE 85    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR ICT, BY COUNTRY, 2021–2026 (USD MILLION)    142
TABLE 86    POWER ELECTRONICS MARKET IN EUROPE FOR ICT, BY COUNTRY,
2017–2020 (USD MILLION)    143
TABLE 87    POWER ELECTRONICS MARKET IN EUROPE FOR ICT, BY COUNTRY,
2021–2026 (USD MILLION)    143
TABLE 88    POWER ELECTRONICS MARKET IN APAC FOR ICT, BY COUNTRY,
2017–2020 (USD MILLION)    143
TABLE 89    POWER ELECTRONICS MARKET IN APAC FOR ICT, BY COUNTRY,
2021–2026 (USD MILLION)    144
TABLE 90    POWER ELECTRONICS MARKET IN ROW FOR ICT, BY REGION,
2017–2020 (USD MILLION)    144
TABLE 91    POWER ELECTRONICS MARKET IN ROW FOR ICT, BY REGION,
2021–2026 (USD MILLION)    144
13.3    CONSUMER ELECTRONICS    144
13.3.1    INCREASING ADOPTION OF CONSUMER ELECTRONICS TO STIMULATE MARKET GROWTH FOR POWER MANAGEMENT IC    144
TABLE 92    POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2017–2020 (USD MILLION)    145
TABLE 93    POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2021–2026 (USD MILLION)    145
FIGURE 37    APAC TO DOMINATE POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS THROUGHOUT FORECAST PERIOD    146
TABLE 94    POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)    146
TABLE 95    POWER ELECTRONICS MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)    146
TABLE 96    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2020 (USD MILLION)    147
TABLE 97    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR CONSUMER ELECTRONICS, BY COUNTRY, 2021–2026 (USD MILLION)    147
TABLE 98    POWER ELECTRONICS MARKET IN EUROPE FOR CONSUMER ELECTRONICS, BY COUNTRY, 2017–2020 (USD MILLION)    147
TABLE 99    POWER ELECTRONICS MARKET IN EUROPE FOR CONSUMER ELECTRONICS, BY COUNTRY, 2021–2026 (USD MILLION)    148
TABLE 100    POWER ELECTRONICS MARKET IN APAC FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2017–2020 (USD MILLION)    148
TABLE 101    POWER ELECTRONICS MARKET IN APAC FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2021–2026 (USD MILLION)    148
TABLE 102    POWER ELECTRONICS MARKET IN ROW FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2017–2020 (USD MILLION)    149
TABLE 103    POWER ELECTRONICS MARKET IN ROW FOR CONSUMER ELECTRONICS,
BY COUNTRY, 2021–2026 (USD MILLION)    149
13.4    INDUSTRIAL    149
13.4.1    RISING DEPLOYMENT OF INDUSTRIAL MACHINERY TO DRIVE MARKET GROWTH    149
TABLE 104    POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY DEVICE TYPE,
2017–2020 (USD MILLION)    150
TABLE 105    POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY DEVICE TYPE,
2021–2026 (USD MILLION)    150
FIGURE 38    POWER ELECTRONICS MARKET IN APAC FOR INDUSTRIAL VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    150
TABLE 106    POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY REGION,
2017–2020 (USD MILLION)    151
TABLE 107    POWER ELECTRONICS MARKET FOR INDUSTRIAL, BY REGION,
2021–2026 (USD MILLION)    151
TABLE 108    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR INDUSTRIAL,
BY COUNTRY, 2017–2020 (USD MILLION)    151
TABLE 109    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR INDUSTRIAL,
BY COUNTRY, 2021–2026 (USD MILLION)    152
TABLE 110    POWER ELECTRONICS MARKET IN EUROPE FOR INDUSTRIAL, BY COUNTRY, 2017–2020 (USD MILLION)    152
TABLE 111    POWER ELECTRONICS MARKET IN EUROPE FOR INDUSTRIAL, BY COUNTRY, 2021–2026 (USD MILLION)    152
TABLE 112    POWER ELECTRONICS MARKET IN APAC FOR INDUSTRIAL, BY COUNTRY, 2017–2020 (USD MILLION)    153
TABLE 113    POWER ELECTRONICS MARKET IN APAC FOR INDUSTRIAL, BY COUNTRY, 2021–2026 (USD MILLION)    153
TABLE 114    POWER ELECTRONICS MARKET IN ROW FOR INDUSTRIAL, BY REGION,
2017–2020 (USD MILLION)    153
TABLE 115    POWER ELECTRONICS MARKET IN ROW FOR INDUSTRIAL, BY REGION,
2021–2026 (USD MILLION)    154
13.4.2    ENERGY AND POWER    154
13.4.2.1    Photovoltaics    154
13.4.2.1.1    Increasing initiatives of governments to produce clean energy to drive photovoltaics and power electronics market    154
13.4.2.2    Wind Turbine    155
13.4.2.2.1    Growing focus on electricity generation using wind turbines to increase demand for power electronic devices    155
13.5    AUTOMOTIVE & TRANSPORTATION    155
13.5.1    INCREASING IMPORTANCE OF ADVANCED POWER SEMICONDUCTOR DEVICES IN AUTOMOTIVE APPLICATIONS TO DRIVE SIC AND GAN POWER ELECTRONICS MARKET    155
FIGURE 39    POWER MODULE MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    156
TABLE 116    POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY DEVICE TYPE, 2017–2020 (USD MILLION)    156
TABLE 117    POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY DEVICE TYPE, 2021–2026 (USD MILLION)    156
FIGURE 40    APAC TO LEAD POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION DURING FORECAST PERIOD    157
TABLE 118    POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY REGION, 2017–2020 (USD MILLION)    157
TABLE 119    POWER ELECTRONICS MARKET FOR AUTOMOTIVE & TRANSPORTATION,
BY REGION, 2021–2026 (USD MILLION)    157
TABLE 120    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2020 (USD MILLION)    158
TABLE 121    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2026 (USD MILLION)    158
TABLE 122    POWER ELECTRONICS MARKET IN EUROPE FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2020 (USD MILLION)    158
TABLE 123    POWER ELECTRONICS MARKET IN EUROPE FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2026 (USD MILLION)    159
FIGURE 41    POWER ELECTRONICS MARKET IN CHINA FOR AUTOMOTIVE & TRANSPORTATION VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    159
TABLE 124    POWER ELECTRONICS MARKET IN APAC FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2017–2020 (USD MILLION)    159
TABLE 125    POWER ELECTRONICS MARKET IN APAC FOR AUTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2021–2026 (USD MILLION)    160
TABLE 126    POWER ELECTRONICS MARKET IN ROW FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2020 (USD MILLION)    160
TABLE 127    POWER ELECTRONICS MARKET IN ROW FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2021–2026 (USD MILLION)    160
13.5.1.1    Powertrain    160
13.5.1.2    Body and convenience    160
13.5.1.3    Chassis and safety systems    161
13.5.1.4    Infotainment    161
13.6    AEROSPACE & DEFENSE    161
13.6.1    HIGH POWER CAPABILITY OF GAN INCREASES ITS ADOPTION IN AEROSPACE & DEFENSE VERTICAL    161
TABLE 128    POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2017–2020 (USD MILLION)    162
TABLE 129    POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2021–2026 (USD MILLION)    162
TABLE 130    POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)    162
TABLE 131    POWER ELECTRONICS MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)    163
TABLE 132    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AEROSPACE & DEFENSE, BY COUNTRY, 2017–2020 (USD MILLION)    163
TABLE 133    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR AEROSPACE & DEFENSE, BY COUNTRY, 2021–2026 (USD MILLION)    163
TABLE 134    POWER ELECTRONICS MARKET IN EUROPE FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2017–2020 (USD MILLION)    164
TABLE 135    POWER ELECTRONICS MARKET IN EUROPE FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2021–2026 (USD MILLION)    164
TABLE 136    POWER ELECTRONICS MARKET IN APAC FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2017–2020 (USD MILLION)    164
TABLE 137    POWER ELECTRONICS MARKET IN APAC FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2021–2026 (USD MILLION)    165
TABLE 138    POWER ELECTRONICS MARKET IN ROW FOR AEROSPACE & DEFENSE,
BY REGION, 2017–2020 (USD MILLION)    165
TABLE 139    POWER ELECTRONICS MARKET IN ROW FOR AEROSPACE & DEFENSE,
BY REGION, 2021–2026 (USD MILLION)    165
13.7    OTHERS    166
TABLE 140    POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY DEVICE TYPE, 2017–2020 (USD MILLION)    166
TABLE 141    POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY DEVICE TYPE, 2021–2026 (USD MILLION)    166
TABLE 142    POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY REGION,
2017–2020 (USD MILLION)    166
TABLE 143    POWER ELECTRONICS MARKET FOR OTHER VERTICALS, BY REGION,
2021–2026 (USD MILLION)    167
TABLE 144    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR OTHER VERTICALS, BY COUNTRY, 2017–2020 (USD MILLION)    167
TABLE 145    POWER ELECTRONICS MARKET IN NORTH AMERICA FOR OTHER VERTICALS, BY COUNTRY, 2021–2026 (USD MILLION)    167
TABLE 146    POWER ELECTRONICS MARKET IN EUROPE FOR OTHER VERTICALS,
BY COUNTRY, 2017–2020 (USD MILLION)    168
TABLE 147    POWER ELECTRONICS MARKET IN EUROPE FOR OTHER VERTICALS,
BY COUNTRY, 2021–2026 (USD MILLION)    168
TABLE 148    POWER ELECTRONICS MARKET IN APAC FOR OTHER VERTICALS,
BY COUNTRY, 2017–2020 (USD MILLION)    168
TABLE 149    POWER ELECTRONICS MARKET IN APAC FOR OTHER VERTICALS,
BY COUNTRY, 2021–2026 (USD MILLION)    169
TABLE 150    POWER ELECTRONICS MARKET IN ROW FOR OTHER VERTICALS, BY REGION, 2017–2020 (USD MILLION)    169
TABLE 151    POWER ELECTRONICS MARKET IN ROW FOR OTHER VERTICALS, BY REGION, 2021–2026 (USD MILLION)    169
13.8    COVID-19 IMPACT ON VARIOUS VERTICALS    169
14    GEOGRAPHIC ANALYSIS    171
14.1    INTRODUCTION    172
FIGURE 42    APAC TO LEAD POWER ELECTRONICS MARKET DURING FORECAST PERIOD    172
TABLE 152    POWER ELECTRONICS MARKET, BY REGION, 2017–2020 (USD MILLION)    172
TABLE 153    POWER ELECTRONICS MARKET, BY REGION, 2021–2026 (USD MILLION)    173
14.2    NORTH AMERICA    174
FIGURE 43    POWER ELECTRONICS MARKET SNAPSHOT IN NORTH AMERICA    174
TABLE 154    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION)    175
TABLE 155    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION)    175
TABLE 156    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY VERTICAL,
2017–2020 (USD MILLION)    175
TABLE 157    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY VERTICAL,
2021–2026 (USD MILLION)    176
TABLE 158    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY VOLTAGE,
2017–2020 (USD MILLION)    176
TABLE 159    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY VOLTAGE,
2021–2026 (USD MILLION)    176
TABLE 160    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY DEVICE TYPE,
2017–2020 (USD MILLION)    177
TABLE 161    POWER ELECTRONICS MARKET IN NORTH AMERICA, BY DEVICE TYPE,
2021–2026 (USD MILLION)    177
14.2.1    US    177
14.2.1.1    US is largest market for power electronics in North America    177
14.2.2    CANADA    178
14.2.2.1    Power electronics are primarily used in power transmission and power management applications in Canada    178
14.2.3    MEXICO    178
14.2.3.1    Power electronics market in Mexico is at nascent stage    178
14.3    EUROPE    179
FIGURE 44    POWER ELECTRONICS MARKET SNAPSHOT IN EUROPE    179
TABLE 162    POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION)    180
TABLE 163    POWER ELECTRONICS MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION)    180
TABLE 164    POWER ELECTRONICS MARKET IN EUROPE, BY VERTICAL,
2017–2020 (USD MILLION)    180
TABLE 165    POWER ELECTRONICS MARKET IN EUROPE, BY VERTICAL,
2021–2026 (USD MILLION)    181
TABLE 166    POWER ELECTRONICS MARKET IN EUROPE, BY VOLTAGE,
2017–2020 (USD MILLION)    181
TABLE 167    POWER ELECTRONICS MARKET IN EUROPE, BY VOLTAGE,
2021–2026 (USD MILLION)    181
TABLE 168    POWER ELECTRONICS MARKET IN EUROPE, BY DEVICE TYPE,
2017–2020 (USD MILLION)    181
TABLE 169    POWER ELECTRONICS MARKET IN EUROPE, BY DEVICE TYPE,
2021–2026 (USD MILLION)    182
14.3.1    UK    182
14.3.1.1    UK government’s active support to reduce carbon footprint across various verticals to propel market growth    182
14.3.2    GERMANY    182
14.3.2.1    Germany accounts for largest share of power electronics market in Europe    182
14.3.3    FRANCE    183
14.3.3.1    French government emphasizes on reducing pollution levels by promoting use of electric vehicles    183
14.3.4    ITALY    183
14.3.4.1    Italy is among top ten countries in Europe producing electricity from renewable energy sources    183
14.3.5    REST OF EUROPE    183
14.4    APAC    184
FIGURE 45    POWER ELECTRONICS MARKET SNAPSHOT IN APAC    184
TABLE 170    POWER ELECTRONICS MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION)    185
TABLE 171    POWER ELECTRONICS MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION)    185
TABLE 172    POWER ELECTRONICS MARKET IN APAC, BY VERTICAL,
2017–2020 (USD MILLION)    185
TABLE 173    POWER ELECTRONICS MARKET IN APAC, BY VERTICAL,
2021–2026 (USD MILLION)    186
TABLE 174    POWER ELECTRONICS MARKET IN APAC, BY VOLTAGE,
2017–2020 (USD MILLION)    186
TABLE 175    POWER ELECTRONICS MARKET IN APAC, BY VOLTAGE,
2021–2026 (USD MILLION)    186
TABLE 176    POWER ELECTRONICS MARKET IN APAC, BY DEVICE TYPE,
2017–2020 (USD MILLION)    186
TABLE 177    POWER ELECTRONICS MARKET IN APAC, BY DEVICE TYPE,
2021–2026 (USD MILLION)    187
14.4.1    CHINA    187
14.4.1.1    China is largest manufacturer of various consumer electronic devices    187
14.4.2    JAPAN    187
14.4.2.1    Japanese government is investing significantly in renewable energy and electric vehicles    187
14.4.3    INDIA    188
14.4.3.1    Rapid urbanization and infrastructure modernization are key factors driving market growth in India    188
14.4.4    SOUTH KOREA    188
14.4.4.1    Well-established consumer electronics industry in South Korea supports power electronics market growth    188
14.4.5    REST OF APAC    188"
"14.5    ROW    189
FIGURE 46    MARKET IN SOUTH AMERICA TO GROW AT HIGHER RATE THAN IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD    189
TABLE 178    POWER ELECTRONICS MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION)    189
TABLE 179    POWER ELECTRONICS MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION)    189
TABLE 180    POWER ELECTRONICS MARKET IN ROW, BY VERTICAL,
2017–2020 (USD MILLION)    190
TABLE 181    POWER ELECTRONICS MARKET IN ROW, BY VERTICAL,
2021–2026 (USD MILLION)    190
TABLE 182    POWER ELECTRONICS MARKET IN ROW, BY VOLTAGE,
2017–2020 (USD MILLION)    190
TABLE 183    POWER ELECTRONICS MARKET IN ROW, BY VOLTAGE,
2021–2026 (USD MILLION)    191
TABLE 184    POWER ELECTRONICS MARKET IN ROW, BY DEVICE TYPE,
2017–2020 (USD MILLION)    191
TABLE 185    POWER ELECTRONICS MARKET IN ROW, BY DEVICE TYPE,
2021–2026 (USD MILLION)    191
14.5.1    SOUTH AMERICA    192
14.5.1.1    Brazil would continue to be largest market for power electronics in South America    192
14.5.2    MIDDLE EAST & AFRICA    192
14.5.2.1    Growing construction of energy infrastructure projects are expected to drive growth of Middle Eastern market    192
14.6    COVID-19 IMPACT ON POWER ELECTRONICS MARKET IN DIFFERENT REGIONS    192
15    COMPETITIVE LANDSCAPE    193
15.1    OVERVIEW    193
15.2    STRATEGIES OF KEY PLAYERS/MARKET EVALUATION FRAMEWORK    193
TABLE 186    OVERVIEW OF STRATEGIES ADOPTED BY POWER ELECTRONICS MANUFACTURERS FROM 2018 TO 2020    193
15.2.1    PRODUCT PORTFOLIO    194
15.2.2    REGIONAL FOCUS    194
15.2.3    MANUFACTURING FOOTPRINT    194
15.2.4    ORGANIC/INORGANIC GROWTH STRATEGIES    194
15.3    MARKET SHARE ANALYSIS: POWER ELECTRONICS MARKET, 2020    195
TABLE 187    DEGREE OF COMPETITION, 2020    195
15.4    FIVE-YEAR COMPANY REVENUE ANALYSIS    196
FIGURE 47    FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN
POWER ELECTRONICS MARKET    196
15.5    COMPANY EVALUATION QUADRANT    196
15.5.1    STAR    196
15.5.2    EMERGING LEADER    197
15.5.3    PERVASIVE    197
15.5.4    PARTICIPANT    197
FIGURE 48    POWER ELECTRONICS COMPANY EVALUATION QUADRANT, 2020    198
15.5.5    COMPANY FOOTPRINT    199
TABLE 188    OVERALL COMPANY FOOTPRINT    199
TABLE 189    FOOTPRINTS OF COMPANIES, BY PRODUCT TYPE    200
TABLE 190    FOOTPRINTS OF COMPANIES, BY VERTICAL    201
TABLE 191    FOOTPRINTS OF COMPANIES, BY REGION    202
15.6    COMPETITIVE SITUATIONS AND TRENDS    203
15.6.1    PRODUCT LAUNCHES    203
TABLE 192    PRODUCT LAUNCHES, 2018–2020    203
15.6.2    DEALS    204
TABLE 193    DEALS, 2018–2020    204
15.6.3    OTHERS    205
TABLE 194    EXPANSIONS, 2018–2020    205

16    COMPANY PROFILES    206
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
16.1    KEY PLAYERS    206
16.1.1    INFINEON TECHNOLOGIES    206
TABLE 195    INFINEON TECHNOLOGIES: BUSINESS OVERVIEW    206
FIGURE 49    INFINEON TECHNOLOGIES: COMPANY SNAPSHOT    207
16.1.2    ON SEMICONDUCTOR    213
TABLE 196    ON SEMICONDUCTOR: BUSINESS OVERVIEW    213
FIGURE 50    ON SEMICONDUCTOR: COMPANY SNAPSHOT    214
16.1.3    STMICROELECTRONICS    218
TABLE 197    STMICROELECTRONICS: BUSINESS OVERVIEW    218
FIGURE 51    STMICROELECTRONICS: COMPANY SNAPSHOT    219
16.1.4    MITSUBISHI ELECTRIC    224
TABLE 198    MITSUBISHI ELECTRIC: BUSINESS OVERVIEW    224
FIGURE 52    MITSUBISHI ELECTRIC: COMPANY SNAPSHOT    225
16.1.5    VISHAY INTERTECHNOLOGY    230
TABLE 199    VISHAY INTERTECHNOLOGY: BUSINESS OVERVIEW    230
FIGURE 53    VISHAY INTERTECHNOLOGY: COMPANY SNAPSHOT    231
16.1.6    FUJI ELECTRIC    235
TABLE 200    FUJI ELECTRIC: BUSINESS OVERVIEW    235
FIGURE 54    FUJI ELECTRIC: COMPANY SNAPSHOT    236
16.1.7    NXP SEMICONDUCTORS    239
TABLE 201    NXP SEMICONDUCTORS: BUSINESS OVERVIEW    239
FIGURE 55    NXP SEMICONDUCTORS: COMPANY SNAPSHOT    239
16.1.8    RENESAS ELECTRONICS    242
TABLE 202    RENESAS ELECTRONICS: BUSINESS OVERVIEW    242
FIGURE 56    RENESAS ELECTRONICS: COMPANY SNAPSHOT    243
16.1.9    TEXAS INSTRUMENTS    247
TABLE 203    TEXAS INSTRUMENTS: BUSINESS OVERVIEW    247
FIGURE 57    TEXAS INSTRUMENTS: COMPANY SNAPSHOT    248
16.1.10    TOSHIBA GROUP    251
TABLE 204    TOSHIBA GROUP: BUSINESS OVERVIEW    251
FIGURE 58    TOSHIBA GROUP: COMPANY SNAPSHOT    252
16.2    OTHER KEY PLAYERS    257
16.2.1    ABB    257
16.2.2    GAN SYSTEMS    258
16.2.3    LITTELFUSE    259
16.2.4    MAXIM INTEGRATED    260
16.2.5    MICROCHIP    261
16.2.6    ROHM    262
16.2.7    SEMIKRON    263
16.2.8    TRANSPHORM    264
16.2.9    UNITEDSIC    265
16.2.10    WOLFSPEED, A CREE COMPANY    266
16.2.11    EUCLID TECHLABS    267
16.2.12    GENESIC    267
16.2.13    EPC    268
16.2.14    ANALOG DEVICES    268
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
17    APPENDIX    269
17.1    DISCUSSION GUIDE    269
17.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    273
17.3    AVAILABLE CUSTOMIZATIONS    275
17.4    RELATED REPORTS    275
17.5    AUTHOR DETAILS    276"