Power Module (PSiP and PwrSoC) Market Trends

  • Report ID: 2280
  • Published Date: Oct 08, 2024
  • Report Format: PDF, PPT

Global Power Modules Market

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Variables (Dependent and Independent)

2.2. Multi Factor Based Sensitivity Model

3. Executive Summary- Global Power Modules Market

4. Market Dynamics

4.1. Drivers

4.2. Challenges

4.3. Opportunities

4.4. Trends

5. Impact Analysis of COVID-19 on Global Market

6. Study on GAN vs SiC vs Si

7. Regulatory Landscape

8. Global Power Modules Market Outlook

8.1.  Market Size and Forecast, 2019-2028

8.1.1. By Value (USD Million)

8.1.2. By Volume (Million Units)

By Voltage

• 200V to 600V, 2019-2028F (USD Million)

• 601V to 1200V, 2019-2028F (USD Million)

• 1201V to 3 KV, 2019-2028F (USD Million)

• More than 3 KV, 2019-2028F (USD Million)

By Technology

• IGBT Module, 2019-2028F (USD Million)

• Electric Traction Inverter (HEV/EV), 2019-2028F (USD Million)

• Solar Inverter, 2019-2028F (USD Million)

• Industrial Motor Drives, 2019-2028F (USD Million)

• Others, 2019-2028F (USD Million)

• SiC Module, 2019-2028F (USD Million)

• PV Inverter, 2019-2028F (USD Million)

• Hybrid Automotive, 2019-2028F (USD Million)

• Power Supply, 2019-2028F (USD Million)

• EV Charging, 2019-2028F (USD Million)

• Industrial Motor Drives, 2019-2028F (USD Million)

• Wind Turbine, 2019-2028F (USD Million)

• UPS, 2019-2028F (USD Million)

• Rail Traction, 2019-2028F (USD Million)

• GAN Module, 2019-2028F (USD Million)

• Power Distribution, 2019-2028F (USD Million)

• Photovoltaic Equipment, 2019-2028F (USD Million)

• Motor Control, 2019-2028F (USD Million)

• Power Supplies, 2019-2028F (USD Million)

• FET Module, 2019-2028F (USD Million)

• Thyristors, 2019-2028F (USD Million)

By Vertical

• Industrial, 2019-2028F (USD Million)

• Renewable Energy Generation, 2019-2028F (USD Million)

• Transportation, 2019-2028F (USD Million)

• Servo Drives, 2019-2028F (USD Million)

• UPS, 2019-2028F (USD Million)

• Others, 2019-2028F (USD Million)

• Consumer, 2019-2028F (USD Million)

• TV, 2019-2028F (USD Million)

• Refrigerators, 2019-2028F (USD Million)

• Air Conditioners, 2019-2028F (USD Million)

• Washing Machines, 2019-2028F (USD Million)

• Others, 2019-2028F (USD Million)

By Region

 North America Power Modules Market

 Market Size and Forecast, 2019-2028

 By Value (USD Million)

 By Volume (Million Units)

By Voltage

By Technology

By Vertical

By Country

• United States, 2019-2028F (USD Million)

• Canada, 2019-2028F (USD Million)

 Europe Power Modules Market

 Market Size and Forecast, 2019-2028

 By Value (USD Million)

 By Volume (Million Units)

By Voltage

By Technology

By Vertical

By Country

• UK, 2019-2028F (USD Million)

• Germany, 2019-2028F (USD Million)

• Italy, 2019-2028F (USD Million)

• France, 2019-2028F (USD Million)

• Spain, 2019-2028F (USD Million)

• Russia, 2019-2028F (USD Million)

• Benelux, 2019-2028F (USD Million)

• Nordic, 2019-2028F (USD Million)

• Rest of Europe, 2019-2028F (USD Million)

 Asia-Pacific Power Modules Market

 Market Size and Forecast, 2019-2028

 By Value (USD Million)

 By Volume (Million Units)

By Voltage

By Technology

By Vertical

By Country

• China, 2019-2028F (USD Million)

• India, 2019-2028F (USD Million)

• Japan, 2019-2028F (USD Million)

• South Korea, 2019-2028F (USD Million)

• Singapore, 2019-2028F (USD Million)

• Indonesia, 2019-2028F (USD Million)

• Australia, 2019-2028F (USD Million)

• Rest of Asia-Pacific, 2019-2028F (USD Million)

 Latin America Power Modules Market

 Market Size and Forecast, 2019-2028

 By Value (USD Million)

 By Volume (Million Units)

By Voltage

By Technology

By Vertical

By Country

• Brazil, 2019-2028F (USD Million)

• Mexico, 2019-2028F (USD Million)

• Argentina, 2019-2028F (USD Million)

• Rest of Latin America, 2019-2028F (USD Million)

 Middle East & Africa Power Modules Market

 Market Size and Forecast, 2019-2028

 By Value (USD Million)

 By Volume (Million Units)

By Voltage

By Technology

By Vertical

By Country

• GCC, 2019-2028F (USD Million)

• Israel, 2019-2028F (USD Million)

• South Africa, 2019-2028F (USD Million)

• Rest of Middle East & Africa, 2019-2028F (USD Million)

9. Competitive Landscape

9.1. Fuji Electric

9.2. Semikron

9.3. Mitsubishi Electric

9.4. Infineon Technologies AG

9.5. Texas Instruments Inc.

9.6. Dynex Semiconductor Ltd.

9.7. ON Semiconductor

9.8. ABB

9.9. NXP Semiconductor

10. Primary Interview Transcripts

Power Module (PSiP and PwrSoC) Market Trends

Growth Indicators

  • Miniaturization of Electronic Products Over the Years To Promote The Growth of the Power Modules Market
    Advancement in electronic products and the ongoing drive towards the miniaturization of electronic products creates a huge demand for integrated power modules across major industry verticals such as automotive, manufacturing, industrial and others. Moreover, the ever-increasing functionality and performance of electronic products is placing significant challenges on power management platforms to deliver high efficiency with the increasing level of miniaturization, which in turn is raising the need to develop power modules with greater efficiency that can operate without a heat sink and provide more output.
  • Increasing Adoption of Power Modules in End User Industries
    Power modules are widely used in several end user industries, such as automotive and healthcare among others. In the automotive industry, power modules play a key role in the power modulation of EV and HEVs. These modules are known to provide inverters and converters with good thermal and electrical efficiency by maintaining a low volume and mass. On the other hand, in the healthcare industry, power modules are widely used to power medical devices, such as heart rate monitors, ultrasound devices, clinical tablets and other portable medical devices. Advancement in healthcare industry has raised the necessity for the development of compact medical devices with greater functionality, which has raised the need for advanced power modules in the industry. Such factors are anticipated to drive the growth of the global power modules market over the forecast period.

Challenges

  • High Cost of Power Modules and Constrained Supply Chain to Limit Growth of Market
    Although there is an increasing demand for highly efficient power modules, yet the increasing cost of power modules is known to be the major factor hampering the growth of the market. Additionally, factors such as requirement of broad skill set for the development processes in the manufacturing of power modules, coupled with constrained supply chain for products such as rectifiers and MOSFETs that are faced by manufacturers globally are some of the factors anticipated to restrict the growth of the global market.

Power Modules Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

13.1%

Base Year Market Size (2023)

USD 6.36 billion

Forecast Year Market Size (2036)

USD 31.51 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 2280
  • Published Date: Oct 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing miniaturization of electronic products over the years for electronic products around the globe is one of the major factors that is driving the growth of the market.

The market is anticipated to attain a CAGR of 8.74% over the forecast period, i.e. 2020-2028.

The market in Europe is anticipated to provide more business opportunities in the future.

The major players 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
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