| Product Code: ETC5133005 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see significant import shipments of power electronics, with top exporting countries being China, Taiwan, Germany, USA, and Ireland. This indicates a diverse sourcing strategy. Despite a high concentration level as measured by the Herfindahl-Hirschman Index (HHI), the industry experienced a negative compound annual growth rate (CAGR) of -7.58% from 2020 to 2024. Furthermore, the growth rate declined sharply by -34.28% from 2023 to 2024, highlighting potential challenges faced by the market.

Belgium's Power Electronics market is anticipated to experience a growing growth rate of 5.62% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Power Electronics Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Power Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Power Electronics Market - Industry Life Cycle |
3.4 Belgium Power Electronics Market - Porter's Five Forces |
3.5 Belgium Power Electronics Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Belgium Power Electronics Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Belgium Power Electronics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Belgium Power Electronics Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Belgium Power Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient electronics products in Belgium |
4.2.2 Government initiatives promoting the adoption of renewable energy sources |
4.2.3 Growing investments in infrastructure development projects requiring power electronics solutions |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with power electronics products |
4.3.2 Technological advancements leading to rapid product obsolescence |
4.3.3 Regulatory challenges and compliance requirements impacting market growth |
5 Belgium Power Electronics Market Trends |
6 Belgium Power Electronics Market Segmentations |
6.1 Belgium Power Electronics Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Power Electronics Market Revenues & Volume, By Power Discrete, 2021-2031F |
6.1.3 Belgium Power Electronics Market Revenues & Volume, By Power Module, 2021-2031F |
6.1.4 Belgium Power Electronics Market Revenues & Volume, By Power IC, 2021-2031F |
6.2 Belgium Power Electronics Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Belgium Power Electronics Market Revenues & Volume, By Silicon Carbide, 2021-2031F |
6.2.3 Belgium Power Electronics Market Revenues & Volume, By Gallium Nitride, 2021-2031F |
6.2.4 Belgium Power Electronics Market Revenues & Volume, By Sapphire, 2021-2031F |
6.2.5 Belgium Power Electronics Market Revenues & Volume, By Others, 2021-2031F |
6.3 Belgium Power Electronics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Belgium Power Electronics Market Revenues & Volume, By Power Management, 2021-2031F |
6.3.3 Belgium Power Electronics Market Revenues & Volume, By UPS, 2021-2031F |
6.3.4 Belgium Power Electronics Market Revenues & Volume, By Renewable, 2021-2031F |
6.3.5 Belgium Power Electronics Market Revenues & Volume, By Others, 2021-2031F |
6.4 Belgium Power Electronics Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Belgium Power Electronics Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.4.3 Belgium Power Electronics Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.4 Belgium Power Electronics Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Belgium Power Electronics Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.4.6 Belgium Power Electronics Market Revenues & Volume, By Military and defense, 2021-2031F |
6.4.7 Belgium Power Electronics Market Revenues & Volume, By Energy and Power, 2021-2031F |
7 Belgium Power Electronics Market Import-Export Trade Statistics |
7.1 Belgium Power Electronics Market Export to Major Countries |
7.2 Belgium Power Electronics Market Imports from Major Countries |
8 Belgium Power Electronics Market Key Performance Indicators |
8.1 Average energy efficiency improvement rate of power electronics products in Belgium |
8.2 Adoption rate of renewable energy sources in the power sector |
8.3 Number of infrastructure projects utilizing power electronics solutions |
8.4 Research and development expenditure on enhancing power electronics technology |
8.5 Percentage of companies complying with updated regulations in the power electronics market |
9 Belgium Power Electronics Market - Opportunity Assessment |
9.1 Belgium Power Electronics Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Belgium Power Electronics Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Belgium Power Electronics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Belgium Power Electronics Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Belgium Power Electronics Market - Competitive Landscape |
10.1 Belgium Power Electronics Market Revenue Share, By Companies, 2024 |
10.2 Belgium Power Electronics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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