Albany, NY -- (SBWIRE) -- 11/03/2015 -- Power electronics is the use of solid-state electronics for the control and conversion of electrical energy. Most of the electronic systems are concerned with the transmission and processing of data and signals. These power electronic devices have high power efficiency, high blocking voltage, and the ability to work on low power. The most typical power electronic device is an AC/DC converter, which is used in various applications such as televisions, computers, and battery chargers. Technavio's analysts forecast the global power electronics market to grow at a CAGR of 7.43% by revenue over the period 2014-2019.

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Technavio's report, Global Power Electronics Market in 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the global power electronics market landscape and its opportunities in the coming years. The report includes a discussion of the key vendors operating in this market. Also, this report presents the growth factors driving this market, the challenges faced by the vendors, and the trends influencing this market that will stimulate growth during the forecast period.

Key vendors
Fairchild
Infineon Technologies
Mitsubishi Electric
STMicroelectronics
Toshiba

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Key market driver:
Infiltration of power electronics devices in utility applications
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Key market challenge:
High cost of power electronics devices
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Key market trend:
Need for energy conservation
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Key questions answered in the report:-
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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