Power Electronics Market Says 21st Century as the Golden Age of Electronic Power Control Devices
Power electronics market is ushering in a new kind of industrial revolution because of its important role in energy conservation, bulk utility energy stores, and renewable energy, and electric and hybrid vehicles. The traditional role in the industrial automation and high efficiency energy systems brings a major change in the performance. Power electronic converters have merged as a high-tech frontier in power engineering. From the current trends, it is evident that power electronics will play a significant role in solving the climate change problem in the coming future.
Power electronics market started advancing dramatically with the introduction in almost universal in the control of power electronics systems. The connection of renewable energy sources to power grids is not possible without power electronics. Growth areas of power electronics are transport, power supplies, motor drives, future electricity networks. America, Asia-Pacific, Europe and Rest of the World are the continents to have shares in the market.
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