- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2022-2027
Power electronics devices are used as a source of energy in all electric cars. The rising need for power transmission, the usage of renewable energy, and the acceptance of power electronics in the industrial sector are all contributing to the growth of the power electronics market in India.
Because of their improved efficiency, quicker switching, minimum power loss, and ease of use at high voltage, these devices are widely employed across the industry.
Furthermore, rising demand for power electronics equipment presents various prospects for the industry's leaders.
Because India is the world's second biggest expanding manufacturing hub, a number of major businesses have established R&D centres in India and begun producing for Indian consumers.
Indian power electronics expects tremendous development in the power electronics market as India plans to transition its public transportation to purely electric cars.
The India Power Electronics Marketaccounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Grid Solutions at GE Renewable Energy has introduced the world's first 420 kV, 63 kA g3 Gas-Insulated Substation (GIS) circuit-breaker prototype.
At a recent virtual roundtable discussion, the g3 circuit-breaker was shown to a group of prominent transmission utilities from throughout Europe. The prototype's performance indicates that the industry will soon have a viable SF6-free option for high voltage devices.
The 420 kV fully g3 GIS from GE, which incorporates the g3 circuit-breaker, is slated to hit the market in 2023.
This innovative circuit breaker is powered by GE's g3 gas-insulating and switching technology. g3 technology enables GE to create electrical equipment with the same high performance and small size as standard SF6 products, but with a reduction in gas CO2e effect.
Fuji Electric Co., Ltd., with headquarters in Tokyo, Japan, is happy to announce that it has reached an agreement with Peepul Capital Fund III LLC and the individual shareholders to acquire all of the shares of Consul Neowatt Power Solutions Private Limited (CNPS), a significant power electronics manufacturer in India, in order to grow its power electronics systems business there.
India is one of the main priority countries for Fuji Electric's (FE) global expansion strategy as it expands its core business, Power Electronics Systems, on a global scale. In 2016, FE created a sales firm called Fuji Electric India Pvt. Ltd. and a low-voltage AC Drives manufacturing.
In the same year, FE also founded an engineering firm in collaboration with a regional business, Fuji Gemco Private Limited. Since then, FE has been expanding its industry solutions division, primarily in order to increase productivity and conserve energy for our Indian clients.
Uninterruptible power supply (UPS) systems are primarily made in India by CNPS. One of India's top power electronics companies and the major UPS provider is CNPS. In India, CNPS has a sizable customer base and a track record of providing dependable power electronic solutions to clients in the manufacturing, healthcare, social infrastructure, and other market segments in need of power quality solutions.
By utilising CNPS's nationwide network of sales and service locations, FE will grow its power electronics systems business in India, focusing primarily on the burgeoning data centre and manufacturing industries.
Additionally, FE will make use of CNPS's manufacturing facilities and product development expertise to create cost-effective solutions that are especially suited for challenging site and power conditions.
In an effort to keep up with rising demand, US corporation General Electric wants to triple the capacity of its Power Electronics Systems for solar and battery energy storage to 9 GW annually. The company's growing backlog over the previous four months and a strong demand outlook served as the driving forces behind the decision.
In India's Tamil Nadu state, at GE's recently established Renewable Hybrids factory, solar and battery power electronics systems are produced. The facility serves as the company's production hub for the FLEX RESERVOIR energy storage and power electronics system as well as the FLEX INVERTER power conversion solution.
Both of them are integrated into the so-called FLEXIQ digital platform, which provides design, operation, and fleet management solutions, and are utilized in solar, storage, and hybrid applications.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.