North America Power Electronics Market (2024-2030) | Outlook, Companies, Trends, Analysis, Forecast, Industry, Size, Revenue, Share, Growth & Value
Market Forecast by Countries (United States, Canada), By Device Type (Power Discrete, Power Module, Power IC), By Material (Silicon Carbide, Gallium Nitride, Sapphire, Others), By Application (Power Management, UPS, Renewable, Others), By End Use (Telecommunication, Industrial, Automotive, Consumer Electronics, Military and defense, Energy and Power, Others) And Competitive Landscape
| Product Code: ETC405248 | Publication Date: Aug 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
North America Power Electronics Market Highlights
| Report Name | North America Power Electronics Marketย |
| Forecast period | 2024-2030 |
| CAGR | 6.4% |
| Growing Sector | Electric Vehicle (EV) sector |
Topics Covered in North America Power Electronics Market Report
The North America Power Electronics Market Report thoroughly covers the market by Device Type, Material, Application and End Use. The North America Power Electronics Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Power Electronics Market trends, opportunities/high growth areas and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Power Electronics Market Synopsis
The North America Power Electronics market is predicted to experience substantial growth driven by increased focus on applications of power electronics in various industries and the emergence of more efficient manufacturing technologies. The market growth is stimulated by the demand for high-performance devices in sectors such as Telecommunication, Industrial, Automotive, Consumer Electronics, Military And Defense, Energy And Power.
According to 6Wresearch, the North America Power Electronics Market size is projected to grow at a CAGR of 6.4% during 2024-2030. The increasing demand for various types of power electronic devices, owing to their efficiency and versatility in application, drives the market growth. More specialized end-users are required for complex manufacturing processes, leading to increased use of Power Electronics. Improvements in manufacturing infrastructure, market segmentation strategies, and innovative solutions tailored to niche markets are driving market growth. Furthermore, the national emphasis on environmental sustainability and the need for efficient manufacturing methods are propelling the Power Electronics market in North America.
Despite the growing demand in North America, the market faces several challenges such as Improving the efficiency, power density, and thermal performance of power electronics systems presents challenges in dissipating heat, reducing losses, and optimizing energy conversion processes. Addressing thermal management issues, thermal runaway risks, junction temperatures, and thermal cycling effects in power electronic devices requires innovative cooling solutions, advanced materials, and thermal modeling techniques to enhance system reliability and performance in North America.
North America Power Electronics Market Key Players
The North America Power Electronics Market is experiencing significant growth, with key players like Texas Instruments, Infineon Technologies and STMicroelectronics. These industry leaders are recognized for their technologically advanced and efficient power electronics solutions. They focus on innovative designs and customer-centric strategies to strengthen their market positions. Their power electronics solutions are known for performance, safety, and efficiency, catering to varied industry needs.
Government Policy of the Market
The government imposes regulations on waste disposal, recycling practices, and environmental sustainability in manufacturing processes, impacting the production, usage, and disposal of electronic devices to ensure eco-friendly practices within the industry. Government initiatives to support research, innovation, and technology advancements in power electronics manufacturing can stimulate growth, competitiveness, and product development within the market through grants, subsidies, and incentives. Government projects involving infrastructure development, construction and energy projects may drive demand for power electronics, influencing market growth and opportunities for suppliers through public procurement contracts.
Future Insights of the Market
The market is likely to witness a surge in technological advancements in power electronics design and capabilities. Innovations such as improved manufacturing systems, advanced application systems, and enhanced safety features are expected to shape the future of power electronics in North America. With an increasing focus on high-performance devices and modernization of manufacturing infrastructure, the North America Power Electronics Market is projected to expand in terms of market size and deployment of specialized technologies tailored to meet evolving needs.
Market Segmentation By Device Type
Power Discrete, Power Module, Power IC are growing in demand due to their versatility, efficiency, and cost-effectiveness.
Market Segmentation By Countries
In the North America Power Electronics Market, the United States stands out as the country experiencing significant growth due to global hub for technological innovation, research and development, and advanced manufacturing in the field of power electronics.
Market Segmentation By Application
The power management segment is growing due to the rising demand for efficient and sustainable power solutions.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- North America Power Electronics Market Outlook
- Market Size of North America Power Electronics Market, 2023
- Forecast of North America Power Electronics Market, 2030
- Historical Data and Forecast of North America Power Electronics Revenues & Volume for the Period 2020 - 2030
- North America Power Electronics Market Trend Evolution
- North America Power Electronics Market Drivers and Challenges
- North America Power Electronics Price Trends
- North America Power Electronics Porter's Five Forces
- North America Power Electronics Industry Life Cycle
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Device Type for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Power Discrete for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Power Module for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Power IC for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Device Type for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Power Discrete for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Power Module for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Power IC for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Device Type for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Power Discrete for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Power Module for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Power IC for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Material for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Silicon Carbide for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Gallium Nitride for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Sapphire for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Material for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Silicon Carbide for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Gallium Nitride for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Sapphire for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Material for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Silicon Carbide for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Gallium Nitride for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Sapphire for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Application for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Power Management for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By UPS for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Renewable for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Application for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Power Management for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By UPS for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Renewable for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Application for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Power Management for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By UPS for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Renewable for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By End Use for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Telecommunication for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Industrial for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Automotive for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Consumer Electronics for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Military and defense for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Energy and Power for the Period 2020 - 2030
- Historical Data and Forecast of North America Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By End Use for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Telecommunication for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Industrial for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Automotive for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Consumer Electronics for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Military and defense for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Energy and Power for the Period 2020 - 2030
- Historical Data and Forecast of United States Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By End Use for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Telecommunication for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Industrial for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Automotive for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Consumer Electronics for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Military and defense for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Energy and Power for the Period 2020 - 2030
- Historical Data and Forecast of Canada Power Electronics Market Revenues & Volume By Others for the Period 2020 - 2030
- North America Power Electronics Market - Key Performance Indicators
- North America Power Electronics Market - Import Export Trade Statistics
- North America Power Electronics Market - Opportunity Assessment By Countries
- North America Power Electronics Market - Opportunity Assessment By Device Type
- North America Power Electronics Market - Opportunity Assessment By Material
- North America Power Electronics Market - Opportunity Assessment By Application
- North America Power Electronics Market - Opportunity Assessment By End Use
- North America Power Electronics Market - Top Companies Market Share
- North America Power Electronics Market - Top Companies Profiles
- North America Power Electronics Market - Comparison of Players in Technical and Operating Parameters
- North America Power Electronics Market - Strategic Recommendations
Market Covered
- By Device Type
- Power Discrete
- Power Module
- Power IC
By Material
- Silicon Carbide
- Gallium Nitride
- Sapphire
- Others
By Application
- Power Management
- UPS
- Renewable
- Others
By End Use
- Telecommunication
- Industrial Automotive
- Consumer Electronics
- Military And Defense
- Energy And Power
- Others
North America Power Electronics Market (2024-2030): FAQs
The growth of the North America Power Electronics Market is primarily driven by increasing demand in sectors such as Telecommunication, Industrial, Automotive, Consumer Electronics, Military And Defense, Energy And Power, advancements in power electronics manufacturing technologies, and the rising demand for high-performance devices.
The telecommunication and energy sectors are experiencing substantial growth in the use of Power Electronics in North America due to their efficiency, compact size, and versatility.
Challenges in the Power Electronics market in North America include fluctuating raw material costs, intense competition, quality control standards, technological advancements, regulatory compliance requirements, supply chain management complexities, market volatility, and sustainability initiatives.
Power Discrete, Power Module, Power IC are growing in demand in North America due to their specific properties, functional advantages, sustainability features, and adaptability to diverse industry needs across telecommunication, industrial, automotive, consumer electronics, military and defense, energy and power sectors.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 North America Power Electronics Market Overview |
| 3.1 North America Regional Macro Economic Indicators |
| 3.2 North America Power Electronics Market Revenues & Volume, 2020 & 2030F |
| 3.3 North America Power Electronics Market - Industry Life Cycle |
| 3.4 North America Power Electronics Market - Porter's Five Forces |
| 3.5 North America Power Electronics Market Revenues & Volume Share, By Countries, 2020 & 2030F |
| 3.6 North America Power Electronics Market Revenues & Volume Share, By Device Type, 2020 & 2030F |
| 3.7 North America Power Electronics Market Revenues & Volume Share, By Material, 2020 & 2030F |
| 3.8 North America Power Electronics Market Revenues & Volume Share, By Form, 2020 & 2030F |
| 3.9 North America Power Electronics Market Revenues & Volume Share, By End Use, 2020 & 2030F |
| 4 North America Power Electronics Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 North America Power Electronics Market Trends |
| 6 North America Power Electronics Market, 2020-2030 |
| 6.1 North America Power Electronics Market, Revenues & Volume, By Device Type, 2020-2030 |
| 6.2 North America Power Electronics Market, Revenues & Volume, By Material, 2020-2030 |
| 6.3 North America Power Electronics Market, Revenues & Volume, By Application, 2020-2030 |
| 6.4 North America Power Electronics Market, Revenues & Volume, By End Use, 2020-2030 |
| 7 United States Power Electronics Market, 2020-2030 |
| 7.1 United States Power Electronics Market, Revenues & Volume, By Device Type, 2020-2030 |
| 7.2 United States Power Electronics Market, Revenues & Volume, By Material, 2020-2030 |
| 7.3 United States Power Electronics Market, Revenues & Volume, By Application, 2020-2030 |
| 7.4 United States Power Electronics Market, Revenues & Volume, By End Use, 2020-2030 |
| 8 Canada Power Electronics Market, 2020-2030 |
| 8.1 Canada Power Electronics Market, Revenues & Volume, By Device Type, 2020-2030 |
| 8.2 Canada Power Electronics Market, Revenues & Volume, By Material, 2020-2030 |
| 8.3 Canada Power Electronics Market, Revenues & Volume, By Application, 2020-2030 |
| 8.4 Canada Power Electronics Market, Revenues & Volume, By End Use, 2020-2030 |
| 9 North America Power Electronics Market Key Performance Indicators |
| 10 North America Power Electronics Market - Opportunity Assessment |
| 10.1 North America Power Electronics Market Opportunity Assessment, By Countries, 2020 & 2030F |
| 10.2 North America Power Electronics Market Opportunity Assessment, By Device Type, 2020 & 2030F |
| 10.3 North America Power Electronics Market Opportunity Assessment, By Material, 2020 & 2030F |
| 10.4 North America Power Electronics Market Opportunity Assessment, By Application, 2020 & 2030F |
| 10.5 North America Power Electronics Market Opportunity Assessment, By End Use, 2020 & 2030F |
| 11 North America Power Electronics Market - Competitive Landscape |
| 11.1 North America Power Electronics Market Revenue Share, By Companies, 2023 |
| 11.2 North America Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
| 12 Company Profiles |
| 13 Recommendations |
| 14 Disclaimer |
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