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2025-10-23 05:44:56 -

Power Electronics Market 2030: The Role of Sapphire and SiC Technologies

Power Electronics Market Overview The global power electronics market was valued at USD 38.12 billion in 2023 and is anticipated to reach USD 53.66 billion by 2030, exhibiting a CAGR of 5.2% from 2024 to 2030. The increasing adoption of renewable energy sources, such as solar and wind power, is significantly driving the demand for power electronics systems. Power electronic devices...

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