The global power electronics market size was valued at USD 52.70 billion in 2022. The market is projected to grow from USD 61.94 billion in 2023 to USD 153.30 billion by 2030, recording a CAGR of 13.8% during the forecast timeframe of 2023-2030. Various power electronic conversion systems, such as AC to DC, DC to AC, DC to DC, and AC to AC, are used in many applications.
Information Source: https://www.fortunebusinessins....ights.com/power-elec
![Power Electronics Market Size, Share & Trends | Report [2030]](https://we2chat.s3.amazonaws.com/upload/photos/2023/06/Hidzei45kdSzGV3o8gcI_url_image.jpg)
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