Blockchain Press Releases
Power Electronics Market is Projected To Reach USD 43460 Million In 2029 With A CAGR of 3.1% | Valuates Reports
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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.
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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.
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Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key players
- Infineon Technologies
- Mitsubishi Electric Corp
- Toshiba Corporation
- STMicroelectronics
- Fuji Electric
- Rockwell Automation
- Microchip Technology Corporation
- Texas Instruments
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SIMILAR REPORTS
- Anodizing Power Supplies Market
- Industrial Electronics Market
- Electrowinning Rectifier Market
- Electric Vehicle Power Electronics Market
- Thermal Interface Materials for Power Electronics Market
- SiC Based Power Electronics and Inverter Market
- Power Semiconductor Market was valued at USD 46070 million in 2022 and is anticipated to reach USD 66420 million by 2029, witnessing a CAGR of 5.3% during the forecast period 2023-2029.
- Compound Semiconductor Materials Market is projected to grow from USD 1094.2 million in 2023 to USD 1340.4 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period.
- The global Silicon Carbide Epitaxial Wafer market was valued at USD 227.8 million in 2022 and is anticipated to reach USD 1667.4 million by 2029, witnessing a CAGR of 32.5% during the forecast period 2023-2029.
- Semiconductor Manufacturing Equipment Market size is projected to reach USD 53200 million by 2027, from USD 39510 million in 2020, at a CAGR of 3.9% during 2021-2027.
- Connector Market was valued at USD 62.3 billion in 2020, and is projected to reach USD 114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.
- Automotive Semiconductor Market size is projected to reach USD 42140 million by 2028, from USD 31430 million in 2021, at a CAGR of 3.8% during 2022-2028.
- Application Container Market size is projected to reach USD 6304.5 million by 2027, from USD 1228.9 million in 2020, at a CAGR of 25.8% during 2021-2027.
- GaN and SiC Power Semiconductors Market was valued at USD 1407.9 million in 2022 and is anticipated to reach USD 8713.7 million by 2029, witnessing a CAGR of 35.5% during the forecast period 2023-2029.
- Compound Semiconductor Market size was valued at USD 38.25 billion in 2021 and is forecast to be a readjusted size of USD 55.42 billion by 2028 with a CAGR of 5.48% during the forecast period 2022-2028
- Global Insulated Gate Bipolar Transistor Market Research Report 2023
- The global Wide Band Gap Semiconductor market is projected to grow from USD 744.7 million in 2023 to USD 1509.6 million by 2029, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period.
- The global RF Energy Transistors market was valued at USD 1098 million in 2022 and is anticipated to reach USD 1761.3 million by 2029, witnessing a CAGR of 6.9% during the forecast period 2023-2029.
- Global Pure Water Cooling System for Power Electronics Market
- Global Space Power Electronics Market Insights, Forecast to 2029
- Global SiC Based Power Electronics and Inverter Market Research Report 2023
Similar Reports for Power Electronics Market
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Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Blockchain
Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored
![marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51838-marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored.png)
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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