- The key vendors in the Global Power Electronics Market 2014-2018 are Infineon Technologies AG, International Rectifier Corp., Mitsubishi Electric Corp., NXP Semiconductor NV, STMicroelectronics NV, Texas Instruments Inc. and Toshiba Corp.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Power Electronics Market 2014-2018. One of the major trends emerging in this market is the increasing need for energy conservation. Several vendors in the market are investing in R&D to produce higher density power electronics products for better energy efficiency. The market is expected to grow at a CAGR of 9.6 percent during 2013-2018.
Power electronics is the usage of solid state electronics for the control and conversion of electrical energy. These power electronic devices have high power efficiency and high blocking voltage as well as the ability to work on low power. The typical power electronic devices that can be found in many instruments are AC/DC converters, which are used in application such as televisions, computers, and battery chargers.
“In recent years, the market vendors increasingly have been spending a huge amount of their revenue on R&D to stay ahead of their competitors and gain more market share,” says Faisal Ghaus, Vice President of TechNavio Research.
For power electronics device manufacturers, the R&D department is crucial because companies can display their superior innovations as competitive advantages over other players.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
