India Power Electronics Market Size & Trends

India Power Electronics Market Report by Device (Power Discrete, Power Modules, Power ICs), Material (Silicon, Sapphire, Silicon Carbide, Gallium Nitride, and Others), Application (Power Management, UPS, Renewable, and Others), Voltage (Low Voltage, Medium Voltage, High Voltage), End Use Industry (Automotive, Military and Aerospace, Energy and Power, IT and Telecommunication, Consumer Electronics, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A21500

Buy Now New Year Sale

Market Overview:

India power electronics market size reached US$ 2.57 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.37 Billion by 2032, exhibiting a growth rate (CAGR) of 5.50% during 2024-2032. The expanding renewable energy sources, such as solar and wind, which requires sophisticated power electronic systems for energy conversion, grid integration, and management, is driving the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 2.57 Billion
Market Forecast in 2032	US$ 4.37 Billion
Market Growth Rate 2024-2032	5.50%

Power electronics is a specialized field of electrical engineering that focuses on the design, control, and conversion of electrical power. It involves the use of electronic components and circuits to efficiently control and convert electrical energy from one form to another. Power electronic systems are crucial in various applications, such as renewable energy systems, electric vehicles, and industrial power supplies. Key components include power converters, inverters, rectifiers, and thyristors, which enable the efficient manipulation of voltage and current in electrical systems. Power electronics play a vital role in improving energy efficiency, reducing power wastage, and facilitating the integration of renewable energy sources into the power grid. The field continues to evolve, driving advancements in technology to meet the growing demands for energy efficiency and sustainability in modern electrical systems.

India Power Electronics Market Trends:

The power electronics market in India is experiencing robust growth, primarily driven by escalating demand for energy-efficient solutions across various industries. One of the key drivers propelling this market forward is the increasing focus on renewable energy sources. As governments in India emphasize sustainable practices, the integration of renewable energy into power grids has surged, necessitating advanced power electronics for efficient energy conversion and management. Moreover, the growing automotive industry plays a pivotal role in steering the power electronics market toward expansion. The rising popularity of electric vehicles (EVs) has heightened the demand for power electronics components, such as inverters and converters, essential for EV powertrains. This trend is further amplified by the automotive industry's commitment to reducing carbon emissions and promoting eco-friendly transportation solutions. Furthermore, the burgeoning consumer electronics sector contributes significantly to the power electronics market's momentum. The proliferation of smartphones, laptops, and other electronic devices necessitates compact, high-performance power electronics to meet the escalating power requirements of modern gadgets. This surge in consumer electronics, coupled with the increasing digitization of industries, underscores the imperative for efficient and miniaturized power electronics solutions. In essence, the convergence of renewable energy adoption, EV, and the consumer electronics boom collectively propels the power electronics market forward in India, promising a dynamic landscape with sustained growth opportunities.

India Power Electronics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on device, material, application, voltage, and end use industry.

Device Insights:

Power Discrete
- Diode
- Transistors
- Thyristor
Power Modules
- Intelligent Power Module
- Power Integrated Module
Power ICs
- Power Management Integrated Circuit
- Application-Specific Integrated Circuit

The report has provided a detailed breakup and analysis of the market based on the device. This includes power discrete (diode, transistors, and thyristor), power modules (intelligent power module and power integrated module), and power ICs (power management integrated circuit and application-specific integrated circuit).

Material Insights:

Silicon
Sapphire
Silicon Carbide
Gallium Nitride
Others

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes silicon, sapphire, silicon carbide, gallium nitride, and others.

Application Insights:

Power Management
UPS
Renewable
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes power management, UPS, renewable, and others.

Voltage Insights:

Low Voltage
Medium Voltage
High Voltage

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes low voltage, medium voltage, and high voltage.

End Use Industry Insights:

Automotive
Military and Aerospace
Energy and Power
IT and Telecommunication
Consumer Electronics
Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, military and aerospace, energy and power, IT and telecommunication, consumer electronics, and others.

Regional Insights:

North India
West and Central India
South India
East and Northeast India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Power Electronics Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Device Material Application Voltage End Use Industry Region
Devices Covered	Power Discrete: Diode, Transistors, Thyristor Power Modules: Intelligent Power Module, Power Integrated Module Power ICs: Power Management Integrated Circuit, Application-Specific Integrated Circuit
Materials Covered	Silicon, Sapphire, Silicon Carbide, Gallium Nitride, Others
Applications Covered	Power Management, UPS, Renewable, Others
Voltages Covered	Low Voltage, Medium Voltage, High Voltage
End Use Industries Covered	Automotive, Military and Aerospace, Energy and Power, IT and Telecommunication, Consumer Electronics, Others
Regions Covered	North India, West and Central India, South India, East and Northeast India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India power electronics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India power electronics market?
What is the breakup of the India power electronics market on the basis of device?
What is the breakup of the India power electronics market on the basis of material?
What is the breakup of the India power electronics market on the basis of application?
What is the breakup of the India power electronics market on the basis of voltage?
What is the breakup of the India power electronics market on the basis of end use industry?
What are the various stages in the value chain of the India power electronics market?
What are the key driving factors and challenges in the India power electronics?
What is the structure of the India power electronics market and who are the key players?
What is the degree of competition in the India power electronics market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India power electronics market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India power electronics market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India power electronics industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.