Global Power Modules Market Analysis - 2019-2028
Power module is defined as the containment unit that provides power to several components, usually semiconductor devices. Power modules are used to regulate the current flow in electronic devices and are used in multiple industries. The global power module market is anticipated to register a CAGR of 8.74% across the globe over the forecast period, i.e. 2020-2028. Factors such as growing demand for communication infrastructure, rising focus on IoT, new innovations in power packaging, growth of silicon-carbide (SiC) and gallium nitride (GaN) and increasing product launches by several key players globally are expected to contribute towards the growth of the global power modules market. Additionally, increasing miniaturization of electronic products over the years for electronic products are some of the factors anticipated to drive the growth of the global power modules market during the forecast period.
The global power modules market consists of various segments that are segmented by voltage, technology, vertical and by region. The market is segmented by technology into IGBT module, SiC module, GAN module, FET module and thyristors. Among these segments, the IGBT module held the largest market share of around 55% in the year 2019 and is expected to grow with a CAGR of around 9% throughout the forecast period.
Based on region, the global power modules market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America held a market share of around 23% in the year 2019 and is further expected to grow with a CAGR of around 8% during the forecast period. The market in the region is further anticipated to cross a value of around USD 2300 million by the end of 2028.
Some of the affluent industry leaders in the global power modules market are Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Semikron Group, Infineon Technologies AG, Texas Instruments Incorporated, Dynex Semiconductor Ltd., Semiconductor Components Industries, LLC (ON Semiconductor Corporation), ABB and NXP Semiconductors.
Power module is defined as the containment unit that provides power to several components, usually semiconductor devices. Power modules are used to regulate the current flow in electronic devices and are used in multiple industries. The global power module market is anticipated to register a CAGR of 8.74% across the globe over the forecast period, i.e. 2020-2028. Factors such as growing demand for communication infrastructure, rising focus on IoT, new innovations in power packaging, growth of silicon-carbide (SiC) and gallium nitride (GaN) and increasing product launches by several key players globally are expected to contribute towards the growth of the global power modules market. Additionally, increasing miniaturization of electronic products over the years for electronic products are some of the factors anticipated to drive the growth of the global power modules market during the forecast period.
The global power modules market consists of various segments that are segmented by voltage, technology, vertical and by region. The market is segmented by technology into IGBT module, SiC module, GAN module, FET module and thyristors. Among these segments, the IGBT module held the largest market share of around 55% in the year 2019 and is expected to grow with a CAGR of around 9% throughout the forecast period.
Based on region, the global power modules market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America held a market share of around 23% in the year 2019 and is further expected to grow with a CAGR of around 8% during the forecast period. The market in the region is further anticipated to cross a value of around USD 2300 million by the end of 2028.
Some of the affluent industry leaders in the global power modules market are Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Semikron Group, Infineon Technologies AG, Texas Instruments Incorporated, Dynex Semiconductor Ltd., Semiconductor Components Industries, LLC (ON Semiconductor Corporation), ABB and NXP Semiconductors.
Table of Contents
Global Power Modules Market3. Executive Summary- Global Power Modules Market5. Impact Analysis of COVID-19 on Global Market6. Study on GAN vs SiC vs Si7. Regulatory Landscape10. Primary Interview Transcripts
1. Introduction
2. Research Methodology
4. Market Dynamics
8. Global Power Modules Market Outlook
9. Competitive Landscape
Companies Mentioned
- Fuji Electric Co. Ltd.
- Mitsubishi Electric Corporation
- Semikron Group
- Infineon Technologies AG
- Texas Instruments Incorporated
- Dynex Semiconductor Ltd.
- Semiconductor Components Industries LLC (ON Semiconductor Corporation)
- ABB
- NXP Semiconductors
