Electric Power Market Report 2022: Industry Trends, Growth, Size, Share and Forecast 2027 | Rare Techy

According to IMARC Group’s latest report, the title “Electric Power Market: Global Industrial Market, Share, Size, Growth, Opportunities and Forecast 2022-2027,” The world electronic market reached a value of US$ 27.8 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$ 39.9 billion in 2027, showing a CAGR of 6.48% in 2022-2027. This report can serve as a good guide for investors, researchers, consultants, marketing strategists and all those who are planning to enter the market in any way.

Electrical engineering refers to the branch of electrical engineering that deals with the study, analysis, and design of electronic circuits. It relies on collectors, diodes, and other types of electronic switching devices, including single-mode field-effect transistors (MOSFETs) and gate-type bipolar transistors (IGBTs). ) for converting electricity and controlling its flow properly. Electronic electronics help manage energy and promote energy conservation in consumer electronics, providing reliability and ensuring low maintenance. Based on these properties, there are many functions in televisions (TV), battery chargers, and personal computers (PC).

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Note: We are still monitoring the direct impact of the COVID-19 on the market, and the influence of the relevant industries. These observations will be included in the report.

Market trends:

The electronic electronics market is mainly driven by the wide range of products across the automotive sector for the manufacture of various parts of new vehicles, including the windshield wiper control, headlight, power steering, and ignition switch. This is further supported by the increasing demand for smart and luxurious cars equipped with advanced infotainment systems. In line with this, the growing environmental concerns and the rising costs of conventional electric solutions have prompted the governments of different countries to implement programs to promote the adoption of electric vehicles. (EV) and plug-in hybrid vehicles (HVs), serve as another major factor in growth. In addition, the increased installation of electronic devices in light conditioners, air conditioners (AC), integrated cookers, uninterruptible power systems (UPS), and vacuum cleaners is contributing to market growth. Also, the increasing use of electric power in landing gear, defense assistance systems (DAS), navigation, avionics, and lighting systems of military aircraft, is driving the growth of the market. Other factors, such as heavy investment in research and development (R&D), mergers and acquisitions (M&A) among key players, and the growing need for continuous power supply and advanced control systems in satellites, spacecraft, missiles, and aircraft. Unmanned aerial vehicles (UAVs) are creating a positive outlook for the market. Based on the aforementioned, the market is expected to reach $39.9 billion by 2027, growing at a CAGR of 6.48% during 2022-2027.

Sort by Device:

• Independence
  • Diode
  • Communication
  • Thyristor
• Control Module
  • Intelligent Power Module
  • Power Integration Module
• Active ICs
  • Integrated Electric Power Management
  • Application-specific Integrated Circuit

Breakdown by Material:

• Silicon
• Sapphire
• Silicon Carbide
• Gallium Nitride
• The others

Division by application:

• Power Management
• UPS
• Update
• The others

Separation by Voltage:

• Low Voltage
• Medium Voltage
• High Voltage

Breakdown by End User Industry:

• Cars
• Military and Aerospace
• Energy and Power
• IT and Telecommunications
• Consumer Electronics
• The others

Division by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Other)
• Middle East and Africa

Competitive Country and Key Player:

• ABB Ltd
• Analog Devices Inc
• Fuji Electric Co. Ltd
• Infineon Technologies AG
• Microchip Technology Inc
• The company is Mitsubishi Electric Corporation
• NXP Semiconductors NV
• Renesas Electronics Corporation
• ROHM Co. Ltd
• STMicroelectronics
• Texas Instruments Incorporated
• Toshiba Corporation
• Vishay Intertechnology Inc

Click here to view details and table of contents: https://bit.ly/3mSA9KZ

As the novel coronavirus (COVID-19) crisis affects the world, we continue to follow the changes in the markets, including the business behavior of global consumers and our decisions about latest market trends and predictions are made after thought. the impact of this epidemic.

If you need the latest primary and secondary data (2022-2027) and Cost, Business Strategy, Distribution Channel, etc. Click request a free sample report, and the published report will be sent to you in PDF format via email within 24 to 48 hours of receipt. full price.

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IMARC’s consulting products include major markets, science, economic and technology developments for business leaders in the pharmaceutical, industrial, and high-tech industries. Market forecasts and industry analysis for biotechnology, advanced materials, medicine, food and beverage, travel and tourism, nanotechnology and book processing techniques are at the top of the company’s expertise.

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