Power Electronics Market Size

Power Electronics Market Size, Share & Industry Analysis

The global power electronics market size is projected to gain impetus from the increasing demand for electric vehicles from the military and defense sectors. An upcoming report by Fortune Business Insights titled, “Power Electronics Market Size, Share Industry Analysis, By Type (Power Discrete, Power Module, Power IC), By Material (Silicon, Silicon Carbide, Gallium Nitride, Sapphire, Others), By Voltage (Low Voltage (Below 1 Kv), Medium Voltage (1.1 Kv to 2.0 Kv), High Voltage (Above 2.0 Kv) ), By End User(Commercial, Military) and Regional Forecast, 2021-2028,” will discuss the market and its prime growth trajectories in details.

What are the Objectives of the Report?

The report is based on an elaborate overview of the market and factors driving, restricting, challenging, and creating opportunities for the market. It also throws light on the key industry developments, current trends, and other interesting insights into the market. The report further lists the names of the major players and the strategies adopted by them to gain a significant position in the market competition. The report is available for sale on the company website.




Industry Developments

2019 – A defense budget of USD 44.6 billion was declared by the Indian government for FY 2019-20, representing a growth rate of 6.87% over the 2018 budget.

2020 – An allocation of about USD 718 billion was requested by the U.S. Defense industry for exceeding the 2019 budget by 5%.

Information Source-


shubham kothawade

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