The South & Central America power electronics market was valued at US$ 2,468.17 million in 2022 and is expected to reach US$ 3,087.39 million by 2030; it is estimated to record a CAGR of 2.8% from 2022 to 2030.

Increasing Demand for AI-based Power Electronics Fuels South & Central America Power Electronics Market

Technological giants worldwide are highly focused on research and development of new technologies. Artificial intelligence (AI) is positioned as one of the major next-gen software technologies in the power electronics market. Artificial intelligence (AI) is transforming the way power electronics operate, especially in controlling the power quality cycle. Incorporating AI into power electronics helps businesses to streamline operations and automate tasks. For instance, in November 2020, Eneryield AB created an AI-based predictive method to control a wide range of power electronics.

AI-based power electronics are integrated with special machine-learning algorithms that allow huge amounts of data to be used to forecast the power quality over several cycles. AI allows power electronics to handle complex tasks such as signal measurement, power disturbance, and real-time monitoring. Further, power electronics use machine learning language-based components such as active power filters for monitoring the ongoing voltage and current signal attempts for predicting the power disturbance within a short time. The machine learning algorithm provides appropriate time for power electronics to pre-process the monitored signal, compute the prediction, and provide the prediction to the compensation device-which can then inject the opposite harmonics and interharmonics signal to mitigate the disturbance actively. Significant benefits offered by AI-based power electronics encourage manufacturers to integrate AI in power electronics.

In addition, AI-based power electronics help both manufacturers and consumers to control the electricity supply in the devices. Increasing demand for AI-based power electronics encourages companies to partner with each other to use and develop advanced solutions. For instance, in December 2023, Unipower AB announced a collaboration with Eneryield AB to develop AI-based power electronics for power grid applications. This collaboration helps Unipower AB use Eneryield AB's machine learning-based surveillance module in the power grids. The machine learning-based surveillance module helps Unipower AB predict faults in power grids, which can lead to better grid stability and supply security. Thus, the increasing demand for AI-based power electronics is anticipated to create lucrative opportunities for the power electronics market players during the forecast period.

South & Central America Power Electronics Market Overview

In South America, Brazil has a vast potential for the utilization of solar, wind, and other renewable energy sources. The growing adoption of these renewable sources necessitates the use of power electronics for efficient grid integration and energy management. Additionally, the electric vehicle market is in its early stages of development in South America, but it is expected to experience rapid growth in the coming years. This will boost the demand for power electronics in electric vehicles and charging infrastructure. Brazil is the largest power electronics market in South America, followed by Argentina and Colombia.

South & Central America Power Electronics Market Revenue and Forecast to 2030 (US$ Million)

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South & Central America Power Electronics Strategic Insights

Strategic insights for the South & Central America Power Electronics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South & Central America Power Electronics Report Scope

Report Attribute	Details
Market size in 2022	US$ 2,468.17 Million
Market Size by 2030	US$ 3,087.39 Million
Global CAGR (2022 - 2030)	2.8%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Power Discrete Power Module Power IC By Material Silicon Silicon Carbide Gallium Nitride Others
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Infineon Technologies AG STMicroelectronics NV Mitsubishi Electric Corp Fuji Electric Co Ltd ROHM Co Ltd Renesas Electronics Corp Littelfuse, Inc Toshiba Electronics Devices & Storage Corp Vishay Intertechnology Inc Semiconductor Components Industries,L.L.C. (On Semiconductor)

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South & Central America Power Electronics Regional Insights

The geographic scope of the South & Central America Power Electronics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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South & Central America Power Electronics Market Segmentation

The South & Central America power electronics market is categorized into type, material, industry vertical, and country.

Based on type, the South & Central America power electronics market is categorized into power discrete, power module, and power IC. The power module segment held the largest market share in 2022.

In terms of material, the South & Central America power electronics market is categorized into Silicon (SI), Silicon Carbide (SIC), Gallium Nitride (GAN), and others. The Silicon Carbide (SIC) segment held the largest market share in 2022.

By industry vertical, the South & Central America power electronics market is segmented into ICT, automotive & transportation, consumer electronics, industrial, energy & power, and others. The consumer electronics segment held the largest market share in 2022.

By country, the South & Central America power electronics market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America power electronics market share in 2022.

Vishay Intertechnology Inc; Toshiba Electronic Devices & Storage Corp; Littelfuse, Inc; Renesas Electronics Corp; Fuji Electric Co Ltd; ROHM Co Ltd; Mitsubishi Electric Corp; STMicroelectronics NV; and Infineon Technologies AG are some of the leading companies operating in the South & Central America power electronics market.

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