© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Power Electronics Market - Global Industry Pitfalls and Future Challenges,

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific in the power electronics is expected to witness immense growth owing to the rise in electric vehicles, which use power electronic devices for energy. Moreover, the power electronics market growth in the region is accredited to the increase in power transmission, use of renewable energy and growing use of power electronics across the industrial sector.  Technological developments in electronics, inverters, and UPS is boosting the regional power electronics market growth. Regional Analysis of Power Electronics Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Power Electronics SCM Market:  Power electronics market based on devices is classified into BJT, IGBT, MOSFET, power diode and thyristor. The IGBT devices dominate the industry and are likely to continue the trend over the forecast period. These devices are widely used across the industry due to the features such as enhanced efficiency, faster switching, minimal power loss and ease of usage at high voltages.  In addition, increased requirement for power electronics devices is likely to offer several opportunities to the players operating in the power electronics market.  The power electronics market based on materials can be classified into silicon (Si), silicon carbide (SiC), gallium nitride (GaN) and sapphire. The major application of the solution would be in electric vehicles by using GaN semiconductor to replace electronics based on silicon, which are used as battery chargers and inverters. GaN semiconductors convert the battery power to help drive the electric cars. Silicon based electronic devices are used to restrain the power which limits the power handling capacity of the car.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The key players in the power electronics market include ABB, Azzurro Semiconductors AG Cree Incorporated, Fairchild Infineon, Infineon Technologies, Microsemi, Mitsubishi, NTT Advanced Technology Corporation, Renesas Electronics, Rockwell Automation, STMicroelectronics, Texas Instruments and Toshiba Corporation. Industry players are investing in R&D to develop the devices, which run on high power density levels. For the manufacturers, R&D is an important factor as advanced innovations can help the manufactures gain competitive advantages over other players.  The power electronics market participants are focussing on frequent mergers and acquisitions. For instance, In July 2016, Infineon Technologies has announced the acquisition of a division of Cree Incorporated. It will help the company to develop compound semiconductor thus supporting the high growth in renewables, cellular infrastructure and electro-mobility. Competitive Market Share of Power Electronics Market:

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