North America Power Electronics Market Size & Outlook
The power electronics market in North America is expected to reach a projected revenue of US$ 13,200.5 million by 2030. A compound annual growth rate of 6% is expected of North America power electronics market from 2024 to 2030.
- Semiconductors, Electronics & Components
- Semiconductor Components & Infrastructure
- Power Electronics Market Outlook
- Semiconductor Components & Infrastructure
Revenue, 2023 (US$M)
$8,790.4
Forecast, 2030 (US$M)
$13,200.5
CAGR, 2024 - 2030
6.0%
Report Coverage
North America
North America Power Electronics Market, 2018-2030 (US$M)
Prism AI by Grand View ResearchFree to try
Ask a question about the power electronics market
Every figure cited from GVR research
North America power electronics market highlights
- An overview of the North America power electronics market trends heading towards 2030. The North America market generated a revenue of USD 8,790.4 million in 2023.
- The overall growth of the North America market from 2023 to 2030. The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- A look at the North America market revenues per segment in 2023. In terms of segment, silicon (si) was the largest revenue generating material in 2023.
- The segment witnessing the fastest revenue growth within the market. Silicon (Si) is the most lucrative material segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 8,790.4 million |
| Market revenue in 2030 | USD 13,200.5 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Silicon (si) |
| Fastest growing segment | Silicon (Si) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicon (Si) |
Other key industry trends
- In terms of revenue, North America region accounted for 23.1% of the global power electronics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,614.8 million by 2030.
No credit card required*
Publish Date: Jul 29, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Power Electronics Market Scope
Power Electronics Market segmentation & scope
Device
Discrete
Module
Application
ICT
Consumer Electronics
Power
Industrial
Automotive
Aerospace & Defense
Others
Power Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mitsubishi Electric Corp | View profile | 149,134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | www.mitsubishielectric.com |
| STMicroelectronics NV | View profile | 51,323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | www.st.com |
| Infineon Technologies AG | View profile | 59,364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | www.infineon.com |
| Rohm Co Ltd | View profile | 23,751 | 21, Saiin Mizosaki-cho, Ukyo-ku, Kyoto, Japan, 615-8585 | www.rohm.co.jp |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| ABB Ltd ADR | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Vishay Intertechnology Inc | View profile | 23,500 | 63 Lancaster Avenue, Malvern, PA, United States, 19355-2143 | www.vishay.com |
| Renesas Electronics Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.renesas.com |
| Texas Instruments Incorporated | View profile | - | - | - |
North America Power Electronics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Power Electronics Market Outlook will help companies and investors design strategic landscapes.
Silicon (Si) was the largest segment with a revenue share of 100.0% in 2023.
Horizon Databook has segmented the North America power electronics market based on silicon (si) covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Power Electronics Market Material Outlook (Revenue, USD Million , 2018-2030)
- Silicon (Si)
- Sapphire
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
- North America Power Electronics Market Device Outlook (Revenue, USD Million , 2018-2030)
- Discrete
- Module
- North America Power Electronics Market Application Outlook (Revenue, USD Million , 2018-2030)
- ICT
- Consumer Electronics
- Power
- Industrial
- Automotive
- Aerospace & Defense
- Others
Reasons to subscribe to Power Electronics Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Power Electronics Market Outlook databook
- Our clientele includes a mix of Power Electronics Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Power Electronics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Power Electronics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.