What is Power Conversion Market?
Power conversion is nothing but the altering of electric energy from one form to another form of energy. Power converters such as voltage converters are used for the conversion of electrical energy. These converters transform the frequency or voltage of the electric current as per the requirement. Consumers worldwide are inclining towards digital power conversion systems. Increasing demand for power system designs has projected the growth of the global power conversion market in the forecast period.
Highlights from Power Conversion Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Eaton (Ireland), APC (United States), Emerson Electric Co. (United States), General Electric (United States), Varian Medical Systems Inc. (United States), Artesyn Embedded Technologies (United States), Delta Electronics (Taiwan), Exar Corporation (United States), Freescale Semiconductor, Inc. (United States), Infineon (Germany) and IWatt, Inc. (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Power Conversion market throughout the forecasted period.
Eaton (Ireland), APC (United States), Emerson Electric Co. (United States), General Electric (United States), Varian Medical Systems Inc. (United States), Artesyn Embedded Technologies (United States), Delta Electronics (Taiwan), Exar Corporation (United States), Freescale Semiconductor, Inc. (United States), Infineon (Germany) and IWatt, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Texas Instruments (United States), Maxim Integrated Products (United States), Micrel Inc. (United States), Power-One (United States), Renesas Electronics (Japan) and Super Micro Computer Inc. (United States). Power Conversion Market Segmentation:
Scope | Sub-Segments |
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Application / End User | DC Power Source Usage, UPS, Motor Controller, Solar and Others |
Type | Rectifier, Inverter, Chopper and Cycloconverter |
End Use Industry | Industrial,Automotive,Enterprise & Cloud Computing,Communication Infrastructure,Others |
Voltage | 12-48 V,48-200 V,200-400 V,Above 400 V |
On the basis of geography, the market of Power Conversion has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement and Development in Progress Focused at Improving Product Performance and Costs of the Product
Market Growth Drivers:
Increasing Disposable Income and Quickly Developing Semiconductor Industry and Rising Use in the Power System Design
Challenges:
Increasing E-Waste in Across the Globe
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Stringent Government Rules and Regulation on Power Supply
Key Target Audience
Power Conversion Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others