Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™
Silicon holds the largest market share in the production of a multitude of power electronics.
- Silicon holds the largest market share in the production of a multitude of power electronics.
- Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
- The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
- The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.