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Power Electronics Market to Grow by USD 10.67 Billion from 2023-2028, Report on AI-Powered Market Evolution – Technavio

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NEW YORK, Dec. 12, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global power electronics market size is estimated to grow by USD 10.67 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.92% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Product 1.1 Discrete1.2 ModuleMaterial 2.1 Silicon2.2 Silicon carbide2.3 Gallium nitrideGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

1.1 Fastest growing segment:

The power electronics industry plays a pivotal role in power conversion for various applications, from consumer electronics to industrial systems. Single chip and System-on-Chips (SoCs) integrated with power electronics enable efficient power consumption in Silicon-based devices and Wide Bandgap (WBG) devices like SiC. Power electronics are integral to wearables, sensors, IoT devices, mobile phones, and handheld electronics, facilitating DC-to-DC conversion for battery charging and voltage scaling. In renewable energy, power electronics are crucial for power generation from sources like photovoltaics and wind turbines, ensuring efficient electrical energy consumption. Power transmission and distribution systems, including power plants and power grids, rely on power electronics for efficient power conversion and distribution. Industrial appliances, server power supplies, and motor drives also benefit from power semiconductors, reducing carbon footprint and enhancing performance. Telecom infrastructure and electric motor drives in industrial robots further expand the application scope of power electronics. ON Semiconductor and other leading companies continue to innovate in this field, pushing the boundaries of power conversion technology.

Analyst Review

The Power Electronics Market encompasses the design, manufacturing, and application of various electronic components and systems in numerous industries. Key technologies include diodes, thyristors, and advanced materials such as silicon, silicon carbide, and gallium nitride. The market spans various sectors, including automotive and transportation, renewable energy, consumer electronics, defense and aerospace, and healthcare. Applications range from electric vehicles (EVs) and portable devices to power transmission and generation in renewable energy sources like photovoltaics and wind turbines. The power electronics industry plays a crucial role in electrical energy consumption and power generation, contributing significantly to the efficiency and reliability of modern systems.

To understand more about this market- Download a FREE Sample Report in minutes!

Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
11.1 Semiconductor Components Industries, LLC
11.2 ABB
11.3 Infineon Technologies AG
11.4 Texas instruments Inc
11.5 ROHM Co. Ltd
11.6 STMicroelectronics NV
11.7 Renesas electronic corporation
11.8 Vishay Intertechnologies Inc
11.9 Toshiba Corporation
11.10 Mitsubishi Electric Corporation
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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MEDIA ADVISORY -Terrestar Solutions highlights how satellite infrastructure and Hybrid IoT unlock economic growth at CRRBC 2026

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SASKATOON, SK, Nov. 2, 2026 /CNW/ — Terrestar Solutions Inc., Canada’s only domestically headquartered and controlled mobile satellite service operator, will participate in the upcoming Canada’s Rural & Remote Broadband Community Conference & Expo (CRRBC 2026) in Saskatoon from November 2–3, 2026.

During the conference, Stéphane Miljours, Director, Business Product – IoT at Terrestar Solutions, will participate in a panel session titled “Space as Infrastructure: Driving Sovereign Connectivity and New Revenue Growth in Canada’s North.”

Miljours will address how satellite-enabled Hybrid IoT technology can unlock economic opportunities across Canada. By providing seamless connectivity beyond conventional terrestrial networks, Terrestar’s solution enables resource and regional industries–including mining, forestry, utilities, energy, and agriculture–to transform remote field operations, optimize productivity, and drive sustainable growth through data-driven intelligence.

At the conference, Terrestar Solutions is also pleased to showcase its partnership with Toccata, a Saskatchewan-based full-stack data technology company that builds remote monitoring solutions. Terrestar’s Hybrid IoT solution powers Toccata’s Canaro remote monitoring platform, which makes it easy for non-technical operators and their teams to monitor remote infrastructure, properties and facilities.

Toccata’s CEO and founder, Noah Little, will also be in attendance and available for media interviews.

Event Details:

Event: Canada’s Rural & Remote Broadband Community Conference & Expo (CRRBC 2026)Speaker: Stéphane Miljours, Director, Business Product – IoT, Terrestar SolutionsPanel Session: Space as Infrastructure: Driving Sovereign Connectivity and New Revenue Growth in Canada’s NorthDate & Time: November 3, 2026, at 9:45 a.m. CSTLocation: Delta Hotels Saskatoon Downtown

Spokesperson Availability:

Stéphane Miljours and Noah Little will be available for pre-event (phone/virtual) and on-site 1-on-1 interviews to discuss:

Unlocking economic growth with satellite-cellular Hybrid IoT innovation.Hybrid IoT pilot deployments in real-world environments, such as Twinberry Farms.Terrestar’s collaboration with local Saskatoon partner Toccata on the Canaro remote monitoring platform.

SOURCE Terrestar Solutions Inc.

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Virginia Ranked Top 5 State in Nation for Innovation & Research Ecosystem by Area Development

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National ranking builds on record growth across Virginia’s innovation ecosystem. 

RICHMOND, Va., Nov. 2, 2026 /PRNewswire/ — The Virginia Innovation Partnership Corporation (VIPC) announced today that Virginia has been ranked #5 in the country for “Innovation and Research Ecosystem” in Area Development’s 2026 Top States for Doing Business report. This latest recognition follows Virginia’s Top 10 national ranking (#6) for “Technology & Innovation” in CNBC’s 2026 America’s Top States for Business study and builds on record growth across Virginia’s statewide innovation ecosystem during the past five years. VIPC serves as the Commonwealth’s nonprofit economic development authority dedicated to growing Virginia’s innovation ecosystems through public-private partnership.

Area Development is a leading executive publication covering corporate site selection and business investment. Its 16th annual Top States for Doing Business rankings are based on a survey of expert industry consultants who evaluated states across 20 categories. “Innovation and Research Ecosystem” was Virginia’s second-highest ranked category. Virginia ranked #8 overall nationally, including #1 for “Workforce Training Programs.”

“Virginia has cultivated a robust ecosystem that connects innovation, talent, and capital, enabling businesses of all sizes to build and grow in the Commonwealth,” said Virginia Secretary of Commerce and Trade Carrie H. Chenery. “Through collaboration with Virginia Innovation Partnership Corporation and statewide partners, we are helping researchers and entrepreneurs transform ideas into companies that create thriving communities, good jobs, and create opportunities for all Virginians.”

Over the past five years, Virginia’s innovation ecosystem has accelerated, achieving record growth milestones across university research, high-growth startup formation, and venture capital investment. Annual university research expenditures in Virginia have increased more than 40% during this period, outpacing the national growth rate and climbing to an all-time high of $2.6 billion. Over 25,000 new high-growth startups have launched throughout the Commonwealth since 2020, representing a record five-year cumulative total. Venture capital investment in Virginia startups and early-stage technology companies has also nearly doubled since 2020, reaching a record-high $2.9 billion in 2025.

“Virginia is where innovation thrives, and our Top 5 national ranking reflects the tremendous momentum across our innovation ecosystem,” said Joe Benevento, President and CEO of VIPC. “This shared success is driven by collaboration with partners throughout the Commonwealth, united by a vision to make Virginia the best place to launch, grow, and thrive.”

Virginia is continuing to innovate. Last year, VIPC created Lab-to-Launch, a unique statewide collaboration with Virginia’s leading R1 and R2 research universities to accelerate research commercialization, technology transfer, and startup spinouts. Designed to simplify and streamline technology transfer, Virginia’s Lab-to-Launch offers a faster, easier, and less costly pathway for licensing university intellectual property (IP) and advancing innovation into the marketplace. This new initiative aims to help Virginia universities double their annual technology startup spinouts.

About Virginia Innovation Partnership Corporation
The Virginia Innovation Partnership Corporation (VIPC) serves as the Commonwealth’s nonprofit statewide economic development authority dedicated to growing Virginia’s innovation ecosystems through public-private partnership. For more information, visit www.VIPC.org.

CONTACT:

 Amber Salter
804-591-9591
Amber.Salter@VirginiaIPC.org

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SOURCE VIPC

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HelloNation Article Highlights Downsizing Strategies From Real Estate Experts Holly Abel Grimm and Rich Grimm

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The article explains how long-time homeowners and seniors can prepare emotionally and financially for a successful move.

NEW PHILADELPHIA, Ohio, Nov. 2, 2026 /PRNewswire/ — When is the right time for long-time homeowners or seniors to consider downsizing? A HelloNation article offers a clear, thoughtful guide to when and how to make this critical life transition.

In the feature, New Philadelphia-based real estate professionals Holly Abel Grimm and Rich Grimm, of Holly & Rich Grimm at REMAX Crossroads, offer practical advice to help seniors sell their homes or prepare to downsize. The article highlights the emotional and logistical challenges that often accompany selling a family home and outlines how homeowners can approach the process with confidence and clarity.

For many longtime homeowners, downsizing isn’t just about reducing space. It’s about finding a living arrangement that better matches current needs. The HelloNation article reframes downsizing as rightsizing, a mindset shift that helps lessen the emotional weight of the decision. This approach encourages homeowners to focus less on what they’re leaving behind and more on how they want to live going forward.

The article explains that preparing for downsizing is most effective when started early and approached gradually. Holly Abel Grimm and Rich Grimm emphasize that signs often emerge over time—whether in unused rooms, maintenance issues, or daily tasks that become more tiring. Recognizing these signs can prompt meaningful conversations and reduce the chance of rushed decisions later.

Seniors selling a home often face the added challenge of emotional attachment. Memories and family history tied to a house can make moving overwhelming. The HelloNation feature suggests breaking the process into small steps, starting with organizing storage areas and sorting personal items in manageable sessions. This helps long-time homeowners see progress without feeling burdened.

One key recommendation from the article is to engage in open conversations with family members early in the process. Discussing plans, financial concerns, and future goals helps align expectations and avoid misunderstandings. For seniors selling a home, these discussions also help ensure their wishes remain central to the plan, rather than being shaped by outside pressure.

From a practical standpoint, preparing a property for sale begins long before a home is listed. According to the article, addressing basic maintenance, minor repairs, and cosmetic updates can significantly improve the home’s market performance. This not only improves the sales experience but also allows homeowners to move at a pace that feels right for them.

Working with experienced real estate agents, such as Holly Abel Grimm and Rich Grimm, can provide clarity throughout this process. With a strong understanding of New Philadelphia’s local market, these professionals help clients navigate every stage, from determining the right time to move to assessing financial readiness. Their insight supports thoughtful decision-making and reduces uncertainty for those preparing to downsize.

Financial planning is another significant component of rightsizing. As the HelloNation article notes, seniors selling a home benefit from understanding how the sale will affect their overall financial situation. This includes considerations around retirement income, future housing costs, and long-term care. Having a strategy in place creates a smoother path toward a new chapter in life.

Ultimately, the article’s message is clear: downsizing a home should never be a rushed or reactive decision. By starting early and focusing on emotional, physical, and financial readiness, long-time homeowners can view the process as a step toward greater comfort and security.

Downsizing or Rightsizing Your Home: A Practical Guide for Long-Time Homeowners and Seniors features insights from Holly Abel Grimm and Rich Grimm, real estate experts at Holly & Rich Grimm at REMAX Crossroads in New Philadelphia, OH, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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