Monday 2 November 2015, Amsterdam
The report, now available on ASDReports recognizes the following companies as the key players in the Global Power Electronics Market: Fairchild, Infineon, Mitsubishi, STMicroelectronics and Toshiba
Other Prominent Vendors in the market are: ABB, Cree, Freescale, Microsemi, NXP, ON Semiconductor, Renesas Electronics, Rockwell Automation, ROHM, TSMC, and Texas Instruments.
Commenting on the report, an analyst said: “A major trend supporting market growth is the increasing need for energy conservation and renewable energies. Several vendors in the market are undertaking R&D to improve the density of power electronic products and offer better energy efficiency.”
According to the report, the infiltration of power electronics in utility applications is an important growth driver for the market. These devices help with integration and increase the reliability of the power grid.
Further, the report states that the market faces challenges such as the high cost of power electronic devices, which reduces the scope for adoption. Most industries are trying to reduce operational expenditures and are reluctant to make high investments. Poor reliability and slow cooling of power electronic devices also hinder adoption, and therefore market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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