Market and Technology Trends

Status of the Power Electronics Industry 2023

By Yole Intelligence

Power Electronics Market will reach $33.3B in 2028 with 8.1% CAGR supported by more than $40B investment in China, Japan, Europe and US.


Key features 

  • 2022-2028 forecast for power converters
  • 2022-2028 forecast for Silicon, SiC and GaN devices by application, by packaging type
  • Silicon device shipment forecast 2022-2028
  • Market trends for all segments
  • Overview of the Power electronics supply chain, including  power device manufacturers, packagers and passive component suppliers
  • Key mergers and acquisitions
  • Overview of power electronics development by region
  • Overview of main technology status


What's new

  • 2022-2028 forecast updates from converter to device and wafer
  • Updated overview of power electronics industry: supply chain, business models, technology status and trends

Product objectives

Yole Intelligence has released this report, Status of the Power Electronics Industry 2023, to provide an overview and an update for every power electronics market forecast and technology trend, from wafer level to inverter level for each different segment.

This is an updated version of our report, Status of the Power Electronics Industry 2022.

The 2023 report’s main objectives are as follows:

  • Closely examine the status of the entire power market, updating different forecasts from the 2022 report.
  • Research the dynamics of each component type, from wafers to MOSFETs, IGBTs, power modules, converters, etc.
  • Overview of the market shares of the power electronics market by different material types (Si, SiC, GaN).
  • Explore the market shares of the different component types and materials.
  • Provide an overview of the main power applications and relevant market trends and their impact on the evolution of technology.
  • Summarize the global power supply chain, i.e., for wafers, components, packaging, batteries, etc.
  • Review the 2022 top power electronics players ranking and review the top 3 players.
  • Review the latest mergers and acquisitions and manufacturing capacity expansions.
  • Analyze the latest trends in companies’ business strategies.
  • Give a global overview of technology trends for different power electronics devices.

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