Global Power Electronics Market Forecast to 2023: Upgrade of Power Infrastructure and Focus Toward the Use of Renewable Power Sources Driving Growth

DUBLIN, Dec 18, 2018 /PRNewswire/ — The report has been added to’s offering. The power electronics market is expected to grow from USD 39.03 Billion in 2018 to USD 51.01 Billion by 2023, growing at a CAGR of 5.5% between 2018 and 2023. The growth of this market can be attributed to the upgrade of power infrastructure and growing demand for energy-efficient battery-power portable devices. In developing regions, existing power supply resources are being increasingly utilized because of the growing power consumption. The demand for the enhancement of power infrastructure and concerns regarding the use of renewable power supplies ...

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