POWER ELECTRONICS MARKET TO REACH $51.3 BILLION BY 2034 WITH STEADY 5.3% CAGR

At a compound annual growth rate (CAGR) of 5.3%, the power electronics market is expected to develop significantly over the next ten years, from USD 30.7 billion in 2024 to USD 51.3 billion by 2034. Power electronics, which uses semiconductor devices to manage and convert electrical power, is becoming more and more popular across a range of s