Connect with us
Prague Gaming & TECH Summit 2024

Blockchain Press Releases

Power Electronics Market is Projected To Reach USD 43460 Million In 2029 With A CAGR of 3.1% | Valuates Reports

Published

on

power-electronics-market-is-projected-to-reach-usd-43460-million-in-2029-with-a-cagr-of-3.1%-|-valuates-reports

BANGALORE, India, Aug. 8, 2023 /PRNewswire/ — The Power Electronics market is segmented by Type – Power IC, Power Module, Power Discrete, by Application – Consumer Electronics, Energy & Power, Industrial System, Inverter & UPS, Automotive. Global Opportunity Analysis and Industry Forecast 2023-2029. It is published in Valuates Reports under the Electronics & Electrical Category.

The global Power Electronics market is projected to reach USD 43460 million in 2029, increasing from USD 34010 million in 2022, with a CAGR of 3.1% during the period of 2023 to 2029.

Major Factors Driving The Growth Of Power Electronics Market are

Increasing usage of and emphasis on the production of renewable energy in semiconductor devices is expected to drive the growth of the Power Electronics Market

Rising transportation industries and the automobile sector along with the growing industries involved in electricity production and rising demand in developing nations will further fuel the Power Electronics Market.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Othe-3F463/power-electronics

TRENDS INFLUENCING THE GROWTH OF POWER ELECTRONICS MARKET

Currently, a number of nations are switching from the use of fossil fuels like coal and gas to generate power to renewable energy sources. As a result, new installations of renewable energy sources have been growing steadily while non-renewable energy sources have been declining at the same time. Power electronics are crucial in the transition of electrical energy patterns to more energy-efficient renewable energy sources. AC and DC electrical power is converted and controlled by power electronics. As wind and solar energy systems are the most potential renewable energy sources for generating electricity, power electronics-based power converters are also frequently used in these renewable energy systems. Solar panels, wind turbines, fuel cells, batteries, capacitors, and other power equipment are examples of these renewable systems.

In hybrid and plug-in Electric Vehicles (EVs), vehicle power electronic components process and regulate the flow of electrical energy. They also regulate the torque and speed of an engine. Inverters, DC/DC converters, and chargers (for plug-in electric vehicles) are a few of these parts. These electronics are frequently employed in EVs since the electric motors in these vehicles need high-power electric energy to rotate them. In powertrain systems, power components like MOSFETs and IGBT are employed as power electronic switches, which helps to reduce the overall size. Due to these benefits, the market is anticipated to expand at a noteworthy rate throughout the forecast period.

Wide bandgap semiconductor semiconductors like GaN and SiC have altered the Power Electronics Market’s topography. Wide bandgap semiconductor materials enable the construction of power electronic components that are more efficient, faster, more reliable, and smaller than silicon-based counterparts. Higher efficiency not only reduces power losses but also makes it possible to use smaller systems, which lowers costs with faster switching speeds compared to silicon-based solutions. With the use of these characteristics, a variety of power applications can minimize weight, volume, and life cycle costs. Additionally, the usage of SiC and GaN has improved the performance of already-developed semiconductor technologies like MOSFETs and isolated gate bipolar transistors (IGBTs).

Because of their benefits like streamlined circuits, backward and forwards backing capabilities, compact designs, and the capacity to withstand high voltage and current, power electronics are in high demand across a variety of industries, including consumer electronics, automotive & transportation, industrial, and others. Numerous products and gadgets, including battery chargers, AC adapters, fans, fluorescent lamp ballasts, audio amplifiers, and others, are increasingly using these circuits.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Othe-3F463/Power_Electronics_Market

POWER ELECTRONICS MARKET SHARE ANALYSIS

Due to the growing acceptance of power electronic devices in renewable energy systems, such as solar power plants and wind turbines, the energy sector is predicted to gain a sizeable industry share throughout the projection period. To handle low, high, and variable power requirements, such systems can integrate power electronics.

Due to the rising need for such electronics in EVs, rapid charging stations, and battery systems, the automotive sector will also experience considerable growth throughout the forecast period. In order to decrease the total size, silicon-based components are also employed as power electronic switches in automobile powertrain, electrical, and electronic systems, such as power MOSFETs and IGBTs. Power electrical devices will be a popular product in the automotive industry as a result of these qualities.

Inquire For Customization : 

https://reports.valuates.com/request/customisation/QYRE-Othe-3F463/Power_Electronics_Market

Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-3F463/Power_Electronics_Market

Key players

  • Infineon Technologies
  • Mitsubishi Electric Corp
  • Toshiba Corporation
  • STMicroelectronics
  • Fuji Electric
  • Rockwell Automation
  • Microchip Technology Corporation
  • Texas Instruments

Inquire For Chapter Cost : https://reports.valuates.com/request/chaptercost/QYRE-Othe-3F463/Power_Electronics_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-3F463&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

Similar Reports for Power Electronics Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter – https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/711
https://reports.valuates.com/sitemap/html/reports/722

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/power-electronics-market-is-projected-to-reach-usd-43460-million-in-2029-with-a-cagr-of-3-1–valuates-reports-301895741.html

Continue Reading

Blockchain Press Releases

Flash News: OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

Published

on

flash-news:-okx-hosts-‘manta-trading-campaign’-featuring-usd20,000-manta-token-prize-pool

SINGAPORE, Feb. 26, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 24, 2024.

OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

OKX today announced the launch of its ‘Manta Trading Campaign,’ giving users who complete tasks such as following OKX Web3 on social media, swapping and bridging tokens the opportunity to claim a share in a USD20,000 Manta token prize pool.

To have a chance to win a portion of the Manta token prize pool, users must trade tokens worth more than USD10 on the Manta Pacific chain. In addition, they must bridge tokens valued over USD10 to the Manta Pacific chain through OKX DEX. Participants are also required to engage in several social media tasks, including following OKX Web3 on X. All campaign details can be found here.

OKX announced that it has integrated Manta, an innovative Layer 2 privacy protocol, into its DEX offerings on January 27, 2024. This integration allows OKX DEX users to easily conduct on-chain swaps and cross-chain transactions via the Manta network.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2346768/image_5001747_39221740.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/flash-news-okx-hosts-manta-trading-campaign-featuring-usd20-000-manta-token-prize-pool-302070549.html

Continue Reading

Blockchain Press Releases

Flash News: OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

Published

on

flash-news:-okx-dex-aggregator-now-supports-metis,-a-layer-2-scaling-solution-for-ethereum

SINGAPORE, Feb. 25, 2024 PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 25, 2024.

OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

OKX today announced that its DEX aggregator now supports the Metis network. This integration allows users swap tokens and conduct cross-chain transactions on the Metis network through OKX DEX.

By enabling on-chain swaps and cross-chain transactions on Metis Network directly through OKX DEX, user convenience is greatly enhanced. This latest addition also improves liquidity and offerings, as OKX DEX now connects with top DEXs on Metis, such as Hermes Protocol, NetSwap, Tethys, and Wagmi, covering 97% of the network’s liquidity.

Metis is a Layer 2 scaling solution for Ethereum, providing a more efficient and scalable platform for DApps and transactions. Unveiled in March 2023, Metis DAO’s hybrid rollup offers a range of benefits, including EVM equivalence, enhanced security, lightning-fast transaction confirmations and optimized capital efficiency. Metis’ native token, METIS, can be used for transaction fees, locking (staking) to become a sequencer and fraud challenge incentives.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit:  okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2014295/OKX_Logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/flash-news-okx-dex-aggregator-now-supports-metis-a-layer-2-scaling-solution-for-ethereum-302070477.html

Continue Reading

Blockchain Press Releases

AEVOLVE Labs: aelf’s New Incubator Spearheading Web3 Innovation

Published

on

aevolve-labs:-aelf’s-new-incubator-spearheading-web3-innovation

Singapore-based aelf launches AEVOLVE Labs to nurture blockchain projects, bridging the gap between Web2 and Web3 with tailored support and mentorship

SINGAPORE, Feb. 23, 2024 /PRNewswire/ — aelf, a high-performance Layer 1, has launched AEVOLVE Labs, an incubator to identify and support promising blockchain projects. AEVOLVE Labs embraces a chain and vertical agnostic philosophy and is positioned to support diverse projects, ensuring meaningful reach and impact across various blockchain technologies and market sectors. Selected projects will be provided with bespoke mentorship, extensive networking opportunities, and funding support – all customised to meet their specific blockchain needs and enhance their innovative potential.

AEVOLVE Labs is strategically designed to identify and support early-stage blockchain projects building across any blockchain ecosystem, with the aim of realising a highly efficient and interoperable future. Through the incubator, projects will gain access to vital resources and support from aelf. The incubator also serves as a launchpad, enabling aspiring projects to become blockchain-enabled by overcoming common barriers to entry, such as limited domain knowledge, nascent infrastructure, and funding constraints.

AEVOLVE Labs adopts a tailored approach to support the unique requirements of each project, focusing primarily on three critical areas: product-market fit strategy, networking opportunities, and financial support:

  1. Product-Market Fit Analysis: Projects undergo a thorough assessment to ensure market alignment, with AEVOLVE Labs providing advice on marketing and operational strategy that is catered to each project’s success.
  2. Extensive Networking Community: The incubator facilitates connections between project founders and an extensive network of institutions, industry specialists, investment funds, communities and thought leaders in the Web3 space, which allows the exchange of valuable insights and the opportunities to collaborate or list their projects.
  3. Funding and Financial Strategy Support: Participants have the opportunity to seek funding from aelf Ventures’ $50 million Ecosystem Fund, the aelevate Gaming Grant, and external investors, opening the doors for projects to secure the necessary financial backing. Additionally, projects will receive comprehensive advice on revenue projection, fundraising strategies, and developing a sustainable tokenomics model, all aimed at building a strong financial foundation.

“Through AEVOLVE Labs, we want to provide a conducive avenue for projects to innovate within the blockchain space. This requires close collaboration between our team and the projects, and the incubator is structured to help these projects address specific pain points while providing strategic support. We are confident that AEVOLVE Labs will empower these projects to lead, enhance, and develop Web3 use cases that will benefit the entire ecosystem,” said Hazel Zhang, Head of Investment at aelf.

AEVOLVE Labs welcomes projects from diverse sectors, and applicants will be evaluated against predefined criteria to assess their potential value. Once selected, these projects will join aelf’s existing portfolio of incubation projects and participate in an incubation programme for a period ranging from 6 to 12 months.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD 

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information or participation in aelevate. aelf reserves all rights not expressly granted in this press announcement.

Photo – https://mma.prnewswire.com/media/2346094/AEVOLVE_Labs_aelf_s_New_Incubator.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/aevolve-labs-aelfs-new-incubator-spearheading-web3-innovation-302069904.html

Continue Reading
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE