The technology of power electronics has gone through rapid technological ad
vancement during the last four decades, and recently, its applications are
fast expanding in industrial, commercial, residential, military and utility
environments. In the global industrial automation, energy conservation and
;environmental pollution control trends of the 21st century, the widespread
impact of power electronics is inevitable. The paper begins with a discuss
ion on global energy generation scenario and the corresponding environmenta
l pollution problem. The mitigation of this problem is then discussed with
particular emphasis on energy saving with the help of power electronics. A
brief but comprehensive review of the recent advances of power electronics
that includes power semiconductor devices, converters, machines, drives and
control is incorporated in the paper. Finally, a prognosis for the 21st ce
ntury has been outlined.