North America Power Electronics Market Forecast to 2030

At 5.2% CAGR, North America Power Electronics Market is Speculated to be Worth US$ 18,908.48 Million by 2030, says the Research Team

According to the Research Team’ research, the North America power electronics market was valued at US$ 12,644.52 million in 2022 and is expected to reach US$ 18,908.48 million by 2030, registering a CAGR of 5.2% from 2022 to 2030. Increasing integration of SiC-based power electronics in electric vehicles and rising demand for power-efficient and high-energy devices are among the critical factors attributed to drive the North America power electronics market growth.

Conventional power electronics rely on silicon semiconductor technologies that typically have an efficiency of 85-95%, which causes a loss of approximately 10% of the electrical energy in the form of heat. The electrical field strength of silicon carbide (SIC) devices is approximately ten times stronger (2.8MV/cm vs. 0.3MV/cm) than silicon semiconductors. The SiC substrate can have a thinner layer structure, thermal design, and high-power densities, with high frequency switching that helps in reducing power dissipation in electric cars. The SiC-based power electronics devices have three times greater thermal conductivity and can function at higher temperatures, which increases its demand in electric vehicles for controlling heat. The demand for electric vehicles is growing across the globe. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022; approximately 14% of all new cars sold across the globe were electric, as compared to 2020. The increasing sales of electric cars globally is a key factor boosting the adoption of power electronics among automotive manufacturers. These devices are used to control heat and manage electricity in the charging and discharging of electric vehicles. SiC-based power electronics provide users with reliable and efficient energy management, which fuels the North America power electronics market.

On the flip side, complexities associated with product design and integration hampers the growth of North America power electronics market.

Based on type, the North America power electronics market is categorized into power discrete, power module, and power IC. The power module segment held 44.2% market share in 2022, amassing US$ 5,594.93 million. It is projected to garner US$ 8,853.99 million by 2030 to register 5.9% CAGR during 2022-2030.

In terms of material, the North America power electronics market is segmented into Silicon (SI), Silicon Carbide (SIC), Gallium Nitride (GAN), and others. The Silicon (SI) devices segment held 77.6% share of North America power electronics market in 2022, amassing US$ 9,807.52 million. It is anticipated to garner US$ 14,804.87 million by 2030 to expand at 5.3% CAGR during 2022-2030.

By industry vertical, the North America power electronics market is divided into ICT, automotive & transportation, consumer electronics, industrial, energy & power, and others. The consumer electronics segment held 26.1% share of North America power electronics market in 2022, amassing US$ 3,300.67 million. It is projected to garner US$ 5,240.03 million by 2030 to expand at 5.9% CAGR from 2022 to 2030.

Based on country, the North America power electronics market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.0% share of North America power electronics market in 2022. It was assessed at US$ 9,866.52 million in 2022 and is likely to hit US$ 15,037.50 million by 2030, registering a CAGR of 5.4% during 2022-2030.

Key players operating in the North America power electronics market are Vishay Intertechnology Inc; Toshiba Electronic Devices & Storage Corp; Littelfuse, Inc; Renesas Electronics Corp; ROHM Co Lt; Fuji Electric Co Ltd; Mitsubishi Electric Corp; STMicroelectronics NV; Semiconductor Components Industries, L.L.C. (On Semiconductor); and Infineon Technologies AG., among others.

In July 2022, onsemi, a leader in intelligent power and sensing technologies, and Magna, a mobility technology company and one of the world’s largest automotive suppliers, announced a long-term supply agreement (LTSA) for Magna to integrate onsemi’s EliteSiC intelligent power solutions into its eDrive systems.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America power electronics market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America hearing aids market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America power electronics market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Power Electronics Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain:
5. North America Power Electronics Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Integration of SiC-based Power Electronics in Electric Vehicles
5.1.2 Rising Demand for Power-efficient and High-energy Devices
5.1.3 Growing Adoption of Consumer Electronic Devices and Appliances Among Consumers
5.2 Market Restraints
5.2.1 Complexities Associated with Product Design and Integration Process
5.3 Market Opportunities
5.3.1 Increasing Demand for AI-based Power Electronics
5.4 Future Trends
5.4.1 Growing Adoption of Smart Grid Technology
5.5 Impact of Drivers and Restraints:
6. Power Electronics Market – North America Market Analysis
6.1 Power Electronics Market Revenue (US$ Million), 2022 – 2030
6.2 Power Electronics Market Forecast and Analysis
7. North America Power Electronics Market Analysis – Type
7.1 Power Discrete
7.1.1 Overview
7.1.2 Power Discrete Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Power Module
7.2.1 Overview
7.2.2 Power Module Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Power IC
7.3.1 Overview
7.3.2 Power IC Market Revenue and Forecasts to 2030 (US$ Million)
8. North America Power Electronics Market Analysis – Material
8.1 Silicon (Si)
8.1.1 Overview
8.1.2 Silicon (Si) Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Silicon Carbide (SiC)
8.2.1 Overview
8.2.2 Silicon Carbide (SiC) Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Gallium Nitride (GAN)
8.3.1 Overview
8.3.2 Gallium Nitride (GAN) Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. North America Power Electronics Market Analysis – Industry Vertical
9.1 ICT
9.1.1 Overview
9.1.2 ICT Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Automotive & Transportation
9.2.1 Overview
9.2.2 Automotive & Transportation Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Energy & Power
9.5.1 Overview
9.5.2 Energy & Power Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. North America Power Electronics Market – Country Analysis
10.1 North America
10.1.1 North America Power Electronics Market Overview
10.1.2 North America Power Electronics Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 US Power Electronics Market Breakdown by Type
10.1.2.1.2 US Power Electronics Market Breakdown by Material
10.1.2.1.3 US Power Electronics Market Breakdown by Industry Vertical
10.1.2.2 Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Canada Power Electronics Market Breakdown by Type
10.1.2.2.2 Canada Power Electronics Market Breakdown by Material
10.1.2.2.3 Canada Power Electronics Market Breakdown by Industry Vertical
10.1.2.3 Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Mexico Power Electronics Market Breakdown by Type
10.1.2.3.2 Mexico Power Electronics Market Breakdown by Material
10.1.2.3.3 Mexico Power Electronics Market Breakdown by Industry Vertical
11. Power Electronics Market – Impact of COVID-19 Pandemic
11.1 Pre & Post Covid-19 Impact
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Infineon Technologies AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Semiconductor Components Industries, L.L.C. (On Semiconductor)
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 STMicroelectronics NV
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Mitsubishi Electric Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Fuji Electric Co Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ROHM Co Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Renesas Electronics Corp
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Littelfuse, Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Toshiba Electronic Devices & Storage Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vishay Intertechnology Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 Word Index

LIST OF TABLES

Table 1. Power Electronics Market Segmentation
Table 2. Power Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Power Electronics Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Power Electronics Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. Power Electronics Market Revenue and Forecasts to 2030 (US$ Million) – Industry Vertical
Table 6. North America Power Electronics Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 9. US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 10. Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 12. Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 13. Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Material
Table 15. Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 16. List of Abbreviation

LIST OF FIGURES

Figure 1. Power Electronics Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Power Electronics Market
Figure 4. Power Electronics Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Power Electronics Market Revenue (US$ Million), 2022 & 2030
Figure 7. Power Electronics Market Share (%) – Type, 2022 and 2030
Figure 8. Power Discrete Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Power Module Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Power IC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Power Electronics Market Share (%) – Material, 2022 and 2030
Figure 12. Silicon (Si) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Silicon Carbide (SiC) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Gallium Nitride (GAN) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Power Electronics Market Share (%) – Industry Vertical, 2022 and 2030
Figure 17. ICT Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Automotive & Transportation Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Industrial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Energy & Power Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Power Electronics Market by Key Countries – Revenue (2022) (US$ Million)
Figure 24. Power Electronics Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. US Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Canada Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Mexico Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)