Off Grid Energy Independence
Apr 21, 2026
Power Electronics Market to Exceed US$65 billion by 2036
IDTechEx forecasts the power electronics market to exceed US$65 billion by 2036, with EVs and data center power electronics taking up significant market share. Across the power electronics industry, the commercialization of wide bandgap semiconductors SiC and GaN enable increased efficiency and power density. The demands of the EV, data center, and renewables industries differ significantly, resulting in different rates of technological innovation across the power electronics landscape. By understanding how different power electronics applications relate to each other, IDTechEx offers a unique, cross-application insight into the power electronics industry as a whole.