To control the flow of energy, the switching electronic circuits are used. These switching electronic circuits are called power electronics. Power electronics are also considered for the conversion of electric power. Such conversions are performed by semiconductor devices like diodes, transistors and thyristors etc. Power electronics devices have several advantages including optimum forward and reverse backing capabilities, simplified circuits, compact designs etc. Moreover, power electronics find its applications in connection of renewable energy resources to power grids, transportation in electric trains, motor drives and lighting. The major use of power electronics devices is heat sinking as well as soft starting of an equipment deploying power electronic devices.
Global Power Electronics Market: Segmentation
The global power electronics market can be segmented into geography, types and applications. On the basis of geography, the global power electronics market can be segmented into America, Europe, Asia Pacific and Middle East & Others. Considering types, the global power electronics market can be segmented into diode rectifiers, ac-dc converters, ac-ac converters, dc-dc converters, dc-ac converters and static switches. On account of applications, the global power electronics market can be segmented into industrial activities, solar power, wind power, electric cars, aerospace and consumer electronics.
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Global Power Electronics Market: Region-Wise Outlook
In terms of power electronics market value, Asia Pacific is the largest geography. America being the fastest growing region, Europe is considered as a very promising market comprising of Germany and UK while Middle East also grants an impetus to the growth of the global power electronics market.
Global Power Electronics Market: Drivers
Various factors are fuelling the growth of global power electronics...