The United States power electronics market is expected to grow at a CAGR of around 4.7% during 2024-2033. This report on United States power electronics market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the United States power electronics market by segmenting the market based on device type, material, voltage, application, end use and region. Also, detailed profiles of companies operating in the power electronics market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Rising Demand for High-energy
• Green Energy Power Generation Drives
Market Challenges
• Rising Demand for Integrated Circuits
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Device Type
• Power Discrete
• Power Module
• Power IC
Market by Material
• Silicon
• Silicon Carbide
• Gallium Nitride
• Sapphire
• Other Materials
Market by Voltage
• Low Voltage
• Medium Voltage
• High Voltage
Market by Application
• Power Management
• UPS
• Renewable
• Other Applications
Market by End Use
• Telecommunication
• Industrial
• Automotive
• Consumer Electronics
• Military and Defense
• Energy and Power
• Other End Uses
Market by Region
• Northeast
• Midwest
• South
• West