North America Power Electronics Market 2024-2030
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North America Power Electronics Market 2024-2030

Last Updated:  Apr 26, 2025 | Study Period: 2024-2030

NORTH AMERICA POWER ELECTRONICS MARKET

  

INTRODUCTION

Power electronics play a major part in electric vehicle applications by providing small and high-efficiency power conversion systems. Power electronics is a circuitry device that distributes power from a source to a load in an efficient, compact, and sturdy way for easy use.

 

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 This gadget uses diodes, transistors, and thyristors to regulate the transfer of electric power from one form to another. Power electronics devices, which have a quicker switching rate and a better efficiency, can be used to efficiently perform operations at high voltage or high current.

 

Furthermore, depending on the application, power electronics may manage both unidirectional and bidirectional energy flow, and regenerated energy can be delivered back for utility.

 

NORTH AMERICA POWER ELECTRONICSMARKET DYNAMICS

At TSMC's North America Technology Symposium and Innovation Zone, GaN Systems, the world leader in GaN (gallium nitride) power semiconductors, will present the most recent advancements in GaN power electronics.

 

GaN Systems will present its most recent advancements in the consumer, data centre, industrial, and automotive areas as a partner chosen by TSMC. 

 

Also available will be a charging station from GaN Systems, where visitors can use fast-charge GaN AC/DC chargers to refuel their computers, tablets, and mobile devices. 

 

In a presentation titled "Transforming the World with Smaller, More Efficient, More Reliable, Cost-Effective Power Electronics," GaN Systems shares his viewpoint on the power market while showcasing the long-standing collaboration between GaN Systems and TSMC.

 

In several important sectors, GaN power semiconductors are quickly replacing other transistor technologies. Our shared commitment to innovate and constantly advance GaN technology to higher performance strengthens our partnership with TSMC. Through our collaboration with TSMC, we were able to realise the potential of gallium nitride and experience its magnificence in the power industry.

 

GaN Systems has revolutionised the world of power electronics by enabling the construction of more compact, affordable, and effective power systems that are not constrained by the constraints of yesterday's silicon. GaN Systems is an industry-leading visionary. With GaN power semiconductors, power engineers are now capable of the unthinkable, and C-Suite executives are positively transforming their income statements.

 

NORTH AMERICA POWER ELECTRONICS MARKET SIZE AND FORECAST

  

The North America Power Electronics Market 2022-2027 accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

  

 

NORTH AMERICA POWER ELECTRONICS MARKETNEW PRODUCT LAUNCH

 

Power Electronics, the first manufacturer of solar inverters for utility-scale photovoltaic plants in America, Oceania, and Europe, and Nuvve, a global cleantech company electrifying the planet at the intersection of energy and transportation, today announced an agreement to integrate Nuvve's vehicle-to-grid (V2G) GIVeTM platform with Power Electronics charging station technology to help intelligently electrify vehicles and help achieve global goals.

 

 Power Electronics will add Nuvve V2G-certified capabilities to its current bidirectional chargers as part of the cooperation.

 

Nuvve's cloud-based software enables Power Electronics to go beyond bidirectional charging, allowing an electric vehicle (EV) to transmit energy back to the grid, by allowing EVs to provide capacity and services that assist stabilize the grid and prevent blackouts. 

 

Nuvve's solution promotes renewable energy integration by allowing EVs to store energy, including that from intermittent sources such as solar and wind, while always prioritizing the driver's mobility demands.

 

 

NORTH AMERICA POWER ELECTRONICS MARKET COMPANY PROFILE

 

 

THISNORTH AMERICA POWER ELECTRONICS MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

 

  1. What is the average cost perNorth America Power Electronics Market right now and how will it change in next 5-6 years?  
  2. Average cost to set up a North America Power Electronics Market
  3. How many North America Power Electronics Market are manufactured per annum globally? Who are the sub-component suppliers in different regions? 
  4. What is happening in the overall public, globally?  
  5. Cost breakup of aNorth America Power Electronics Market  and key vendor selection criteria 
  6. Where isNorth America Power Electronics Market manufactured? What is the average margin per equipment? 
  7. Market share of North America Power Electronics Marketmanufacturers and their upcoming products 
  8. The most important plannedNorth America Power Electronics Market  in next 2 years 
  9. Details on network of major North America Power Electronics Marketand pricing plans 
  10. Cost advantage for OEMs who manufactureNorth America Power Electronics Market  in-house 
  11. 5 key predictions for next 5 years inNorth America Power Electronics Market
  12. Average B-2-BNorth America Power Electronics Marketprice in all segments 
  13. Latest trends inNorth America Power Electronics Market, by every market segment 
  14. The market size (both volume and value) ofNorth America Power Electronics Marketin 2024-2030 and every year in between? 
  15. Global production breakup ofNorth America Power Electronics Market, by suppliers and their OEM relationship 
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix