Global Power Electronics Market is estimated to reach $27 billion by 2024; growing at a CAGR of 8.6% from 2016 to 2024. Power electronics is a device that transfers power from a source to a load in an efficient and robust manner to ensure convenient utilization. It is majorly used to control the transformation of electric power from one form to another using diodes, thyristors and transistors. Electric vehicles and renewable energy plant systems pose a huge demand for power electronics to improv Plus
