North America & Europe Power Electronics Market

North America & Europe Power Electronics Market Segmentation By Type (Discrete, Module and IC); By Voltage (Low, Medium and High); By End User (ICT, Consumer Electronics, Power, Industrial, Automotive, Aerospace & Defense and Others) – Industry Demand Analysis & Opportunity Outlook 2027

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Report ID: 2434 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • In 2018, around 70,000 public charging stations were installed in Europe and in the same year, about 400,000 additional charging stations were installed for private purposes. This is anticipated to increase the demand for electric vehicles and thereby result in growth of power electronics market in the region.

Market Overview based on Region during 2019-2027

Power electronics is a vast field that forms an integral part of electrical engineering and provides solutions for the effective power conversion. The introduction of newly developed power semiconductor integrated devices such as power MOSFET, thyristor and IGBT, has further led to growth in the demand for these devices.

The North America power electronics market is projected to attain a CAGR of 5.5% over the forecast period, i.e., 2019-2027. The market is segmented on the basis of country into U.S., Canada and Mexico, out of which, the market in the United States is anticipated to hold the largest share in the market of about USD 18,000 million by 2027. On the other hand, the power electronics market in Europe is anticipated to grow at a CAGR of 4.5% during the forecast period. Moreover, the market in Europe is anticipated to reach an estimated market value of USD 20,000 Million by the end of 2027.

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada and Mexico) and Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Turkey, Rest of Europe).


Market Segmentation Synopsis

By Type

On the basis of type, the North America & Europe power electronics market is segmented into discrete, module and IC. Out of these, the IC segment is anticipated to hold the largest share in the market in the coming years and the discrete segment is projected to grow at the highest CAGR of around 7.5% over the forecast period. This can be attributed to the increased incremental opportunity created by the discrete segment in U.S. power electronics market in the next few years. CLICK TO DOWNLOAD SAMPLE REPORT

North America & Europe Power Electronics Market Share

By Voltage

Based on voltage, the North America & Europe power electronics market is segmented into high, medium and low voltage, out of which, the segment for low voltage held the largest market share in 2019 along with the largest market size of around USD 5,000 million in the year. Further, this segment is anticipated to continue to hold the leading share in the market and grow at the highest CAGR throughout the forecast period.

North America & Europe Power Electronics Market Share

By End User

On the basis of end user, the market is segmented into ICT, consumer electronics, power, industrial, automotive, aerospace & defense and others. Out of these, the segment for ICT is anticipated to hold the leading share in the market on account of rising applications of ICT in various industries that require the use of power electronics. However, the highest growth rate is estimated to be observed by the segment for automotive industry. The increasing use of power electronics in the various parts of vehicles as well as the increasing demand for power electronics in electric vehicles is predicted to result in the market growth in future.


Market Drivers and Challenges

Growth Indicators

The rising usage of power devices for a number of applications is anticipated to become a major growth driver for the power electronics market in North America & Europe. This can be attributed to the increasing use of power devices in various end user industries such as automotive industry. Growing production of electric vehicles and increasing government initiatives that further promote vehicle penetration are additional factors estimated to contribute towards the market growth.

The increasing demand for electronic power devices for reducing the power consumption, especially in regions such as the U.S., UK, France and Germany is another growth stimulating factor for the market. In addition to this, the growing sales of advanced consumer electronics as well as increasing employment in the field of renewable energy are factors further predicted to raise the market growth.

Barriers

The high cost associated with power electronics is estimated to become a major factor hampering the growth of power electronics market in North America & Europe. As the cost of power electronics increases, the cost of products increases as well, this eventually impacts the overall sales and becomes a challenge for the industry. Moreover, the various technological challenges faced by the power electronics industry is another drawback which is predicted to restrict the market growth over the forecast period.


North America & Europe Power Electronics Market Share
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North America & Europe Power Electronics Market Share

Key Questions Answered in the Report

1) What are the major factors driving the growth of the North America & Europe Power Electronics market?

Ans: The rising usage of power devices for a number of applications, increasing use of power devices in automotive industry and growing production of electric vehicles are major growth factors.

2) What would be the CAGR of North America & Europe Power Electronics market over the forecast period?

Ans: The market in North America and Europe is anticipated to attain a CAGR of 5.5% and 4.5% respectively over the forecast period, i.e. 2020-2028.

4) Which region will provide more business opportunities for growth of North America & Europe Power Electronics market in future?

Ans: The market in United States is anticipated to provide more opportunities for business growth in the market in North America.

5) Who are the major players dominating the North America & Europe Power Electronics market?

Ans: The major players in the market are International Rectifier, Vishay Intertechnology (Siliconix), Infineon Technologies, Pulse, The Bergquist Company, Bosch Rexroth, Rockwell Automation, SynQor, Artesyn and Power-One.

6) How are the company profiles selected?

Ans: Company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

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