Venture Capital
Andrea Alms Video: Money In Motion 36 - Deep Tech Vertical - Electronics
December 2022 - Venture Capital
TRANSCRIPT:
Hello, my name is Andrea Alms. I am technology manager and financial manager. This is your money in motion. On the previous episode, we discussed what is deep tech. Today we are focused on electronics. As you know, electronics is in everything and everywhere. In today's world, the discussion is dominated by energy and power. Hence, I came across a section of electronics market called Power Electronics.
Power electronics are a type of solid state and circuitry devices that require to control and manipulate things. For example, power electronics provide a key element in stabilizing, boosting and managing power when necessary. Power electronics go into everything from electric cars, utility grilles, fans, cellular phones, fuel cells and laptops. The global power electronics market reached a value of $27 billion in 2021 and predicted to reach $39 billion in 2027, exhibiting a compound average growth rate of 6%.
Here, this report exceeded about 19 billion in 2020 and the expected to grow at a compound average growth rate of 6% in 2021 to 2027. This report, the power electronics market is projected projected to reach 46 billion by 2026, a compound average growth rate of 4%. I like these reports and their analysis presented in the Cardinal Matrix, which depicts the products launched by the company versus the company's net income.
Texas Instruments and AB Group are the forerunners in the power electronics market. Companies like Renaissance Electronics Corporation and are on Semiconductor Corporation. SGI Microelectronics are some of the key innovators in the market. Thank you. KB Research for your Cardinal. Nice. Thank you and happy holidays to you all. This is your money, your money, in motion.