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The Global Power Electronics Market size was accounted at USD 24.5 billion in 2020, and is expected to reach USD 40.6 billion by 2030, registering a CAGR of 5.2%.Electronic devices & semiconductors are critical technological enablers that power a large number of today's cutting-edge digital gadgets. Mobile devices, communications equipment, information technology, office automation (IT & OA), industrial machinery, cars, and a variety of other end-use sectors all have computer applications in some form or another, necessitating increased need for semiconductors. Emerging technologies like as autonomous driving, artificial intelligence (AI), 5G, and the Internet of Things, together with steady R&D expenditure and rivalry among important companies, are expected to propel the global semiconductor industry forwards far into the next decade.With the Covid-19 epidemic driving increased demand for electronic gadgets, the world's electronics and semiconductor industries predict a bright future.

Power Electronics Market
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Power Electronics Market

Power Electronics Market was valued at $ 40.6 billion in 2020. Growing at a high CAGR of more than 5.2% between 2020 and 2030. The market research report consists of analysis on size, share, growth rate, total industry revenue, trends, market segmen