Can 5G and IoT Boost the Power Electronics Market to Be Worth Above $59.7 Billion by 2031?
A recent report from Meticulous Research® indicates that the power electronics market will surpass $59.7 billion by 2031, with a CAGR of 4.9% from 2024 to 2031. This market growth is driven by increasing demand in consumer electronics, renewable energy investments, and the adoption of power electronics in LED lighting and automotive sectors. Request For…