seobhushan (5)

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Power Electronics Market is projected to reach at
a CAGR 6.5 by 2027
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Key Insights from Power Electronics Market

• Considering an instance of product launch, in
  December 2019, ON semiconductor unveiled first
  two devices from the companys state-of-the-art
  VE-Trac power modules family. These two PIM
  (power integrated module) devices bring the
  best-in-class thermal and electrical performance,
  delivering automotive reliability and scalability
  to the rapidly expanding traction inverters
  market.
• Numerous power electronics devices comprise
  power switches, MOSFETs, power modules, PMICs,
  IGBTs, and others. These are heavily integrated
  into motor drives, automotive power train
  systems, as well as battery management units in
  electric vehicles and other applications.

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Continued

• Considering an instance of product launch, in
  December 2019, ON semiconductor unveiled first
  two devices from the companys state-of-the-art
  VE-Trac power modules family. These two PIM
  (power integrated module) devices bring the
  best-in-class thermal and electrical performance,
  delivering automotive reliability and scalability
  to the rapidly expanding traction inverters
  market.
• The industrial application segment captured more
  than 25 percent of the total industry value in
  2020 and is estimated to depict a remarkable CAGR
  over the assessment span. This rise is due to the
  increasing adoption of automation and robotics
  across process and manufacturing industries.
  Industrial robots are combined with numerous
  parts such as robot arms, motor drives,
  controllers, as well as servo motors. According
  to the World Robotics report of 2019, around
  422,271 robot units were installed at the global
  level with a 6 percent year-on-year growth as
  compared to 2018.

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Regional Insights in Power Electronics Market

• The escalating adoption of electric vehicles
  across various regions comprising the Asia
  Pacific and North America is poised to impel
  power electronics market expansion through the
  coming years.
• The Europe power electronics industry accounted
  for a valuation of over USD 4 billion in 2020 and
  is expected to exhibit a substantial CAGR of 4.5
  through 2027. This growth is attributed to the
  escalating usage of EV charging stations in
  European countries comprising France, the UK,
  Germany, Spain, and Italy.
• As per the Government of UKs Department for
  Transport, January 2021 registered 20,775 public
  electric vehicle charging devices in the United
  Kingdom of which almost 3,880 were rapid charging
  devices. These rapid EV charging stations and
  battery-power establishments are some of the
  prominent power electronics applications in the
  region. The rising penetration of electric
  vehicles and EV charging stations in the United
  Kingdom is expected to drive power electronics
  industry outlook through 2027.

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Latest Research Report On Power Electronics
Market _at_ https//www.gminsights.com/industry-anal
ysis/power-electronics-market Request for a
sample of this research report _at_ https//www.gmins
ights.com/request-sample/detail/1355
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Major Companies in Power Electronics Market

• Fuji Electric Co. Ltd.
• STMicroelectronics N.V.
• TOSHIBA ELECTRONIC DEVICES STORAGE CORPORATION
• Texas Instruments Incorporated
• NXP Semiconductors
• Infineon Technologies AG
• others

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