Power Electronics Market Size, Future Prospects and Growth drivers 2031
The Power Electronics Market Size was valued at USD 42.2 billion in 2023, is projected to reach USD 67.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. This growth is fueled by several factors, including the increasing demand for energy-efficient systems and renewable energy sources, which require advanced power electronics for optimal...
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