Power electronics market size to grow by USD 9.44 billion from 2022 to 2027, APAC is estimated to contribute 54% to the growth of the global marke - Technavio
NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The power electronics market size is expected to grow by USD 9.44 billion from 2022 to 2027.
- NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The power electronics market size is expected to grow by USD 9.44 billion from 2022 to 2027.
- The growth momentum of the market will accelerate at a CAGR of 5.55% during the forecast period, according to Technavio.
- APAC is estimated to contribute 54% to the growth of the global market during the forecast period.
- The market growth in APAC can be attributed to the growing demand from the developing nations in this region for power.