Digital Power Electronics Market Size, Share, & Trends Estimation Report By Comp

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6. MarketOverview Industry 4.0, increased adoption of automation, and the use of renewable energy in power generation are driving growth in the digital power electronics sector. The increasing number of people purchasing consumer gadgets and electric vehicles is also driving up demand for digital power electronics. This is expanding the market. Different substrate materials, such as silicon carbide, gallium nitride, silicon, and sapphire, are utilized to create microcontrollers and digital power IP cores, which enhance integrated circuit performance and increase the profitability of digital power electronics. Because of their advantages—such as their small size, forward and reverse backup, simple circuitry, and low power consumption—digital power electronics are increasingly gaining popularity across a wide range of industries. These considerations indicate a positive picture for the digital power electronics market in the coming years. Because power electronics provide compact, highly efficient methods of converting energy, they are an essential component of electric cars. Power electronics is a kind of circuitry that transfers power from a source to a load in a way that is user-friendly, powerful, compact, and efficient. This gadget is used to regulate the various ways in which diodes, transistors, and thyristors convert one kind of electric power into another. Because power electronics devices have a higher switching rate and are more efficient, they can be used to do tasks involving high voltage or high current

7. Market Dynamics: • Market Trends: • Power Electronics to Extensively Use Gallium Nitride (GaN) Materials Due to their Beneficial Features • The power electronics business primarily uses semiconductors (such as diodes and transistors) and other electrical components (such as resistors, capacitors, inductors, and transformers) to control the flow of electricity. Two new high-bandgap semiconductor materials, silicon carbide (SiC) and gallium nitride (GaN), have higher breakdown fields than silicon, allowing for the production of significantly smaller and more compact parts. • In addition to these benefits, GaN and GaAs power semiconductors outperform silicon ones in terms of switching speed, current loss, and power density. Material suppliers are innovating in their product design to reduce costs and improve usability. This will facilitate the synthesis of semiconductors and other components for power electronic devices using GaN materials. • Driving Factors: • High Adoption of Renewable Power Sources • Many nations are now transitioning their power production from fossil fuels, such as gas and coal, to renewable energy sources. For this reason, the number of new installations of renewable energy sources continues to rise, while the number of non-renewable energy source installations continues to decline. Rethinking electricity consumption to make better use of renewable energy sources requires power electronics. Power electronics modify and regulate both AC and DC electricity. Since wind and solar energy systems are the most potential renewable energy sources for producing electricity, power electronics-based power converters are also widely used in renewable energy systems. These renewable systems include fuel cells, batteries, capacitors, wind turbines, solar panels, and other power equipment. These systems can have various power electronics added to them to accommodate varying power requirements.

8. The Global Digital Power Electronics Market has been segmented into: • By Component • Digital Power Management Integrated Circuits • Digital Power Control IC • Field Programmed Gate Array (FPGA) • Digital Signal Processors (DSP) • Power Modules • Discrete Devices • Others • By Conversion • AC to AC • DC to DC • DC to AC • AC to DC • By Isolation • Isolated • Non-isolated

9. The Global Digital Power Electronics Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Strategic Development: • Lattice Semiconductor Corp. introduced the MachXO5-NX FPGA family in May 2022. These digital power electronics solutions improve telecom, industrial, and automotive system control and monitoring. • Renesas Electronics announced the availability of the RX671 family of 32-bit microcontrollers in September 2021. With touch sensing, these microcontrollers can offer excellent functionality and performance. As a result, the business is able to gain market share in Digital Power Electronics. • Two HVIGBTs and five HVDIODEs are among the seven new X-series products that Mitsubishi Electric stated would be available in June 2021. These digital power electronics modules are appropriate for use with DC power transmitters, traction motors, and other high voltage devices that require large capacity, tiny inverters. • STMicroelectronics, a Swiss company, introduced its new 45W and 150W MasterGaN devices for high-efficiency power conversion in August 2021.

11. Market Players • ABB Group • Fuji Electric Co • Infineon Technologies AG • Lattice Semiconductor • Mitsubishi Electric • Renesas Electronics Corporation • Rockwell Automation • STMicroelectronics • Texas Instruments Incorporated • Toshiba Corporation

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