The power
electronics market was valued at $38,522 million in 2021,
and it is set to reach $56,269 million by
2030, growing at a CAGR of 4.3% between 2021 and 2030, according to a research
report by P&S Intelligence.
This can be credited
to the...
Showing posts with label Power Electronics Market Share. Show all posts
Showing posts with label Power Electronics Market Share. Show all posts
Rising High Power Density Requirements to Drive the Growth of Power Electronics Market Globally
One of the key drivers of the power electronics market is the increasing demand for a higher power density. In the power electronics industry, power density is a major factor, especially in high-power applications. For instance, to increase the operational efficiency...
Rising High Power Density Requirements to Drive Power Electronics Market
The power electronics market is witnessing growth due to the rising requirement for higher power density and inclusion of power electronic devices in utility applications. It valued $12.9 billion in 2015 and it is projected to reach $20.0 billion by 2022, advancing at a...
