The power module is an assembly, including various power components that are properly interconnected to perform the power conversion function. Increasing demand for consumer electronics products is one of the major factors supporting the growth of the power module market. The power module market is highly fragmented with the presence of a large number of well-established as well as regional players operating in the market.
MARKET DYNAMICS
The increasing popularity of electric vehicles and the growing demand for consumer electronics are the major factors supporting the growth of the power module market. However, the slow adoption of new technologies in developing countries might hinder the growth of the power module market. Increasing penetration of wireless connectivity power modules is creating lucrative business opportunities in the market. APAC is expected to hold a significant share of the power module market owing to the growing consumer electronics industry in the region.
MARKET SCOPE
The "Global Power Module Market Analysis to 2028" is a specialized and in-depth study of the power module market with a special focus on the global market trend analysis. The report aims to provide an overview of power module market with detailed market segmentation by voltage rating, current rating, power device, application and geography. The global power module market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power module market players and offers key trends and opportunities in the power module market.
MARKET SEGMENTATION
The global power module market is segmented on the basis of voltage rating, current rating, power device, application. Based on voltage rating, the market is segmented as Up To 600 V, 1200 V, Above 1200 V. On the basis of current rating, the market is segmented as Up to 100 A, 101-600 A, Above 600 A. On the basis of power device, the market is segmented as IGBT and MOSFET. Based on application, the market is segmented as consumer and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power module market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The power module market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting power module market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the power module market in these regions.
MARKET PLAYERS
The reports cover key developments in the power module market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from power module market are anticipated to lucrative growth opportunities in the future with the rising demand for power module market. Below mentioned is the list of few companies engaged in the power module market.
The report also includes the profiles of key power module market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Galco Industrial Electronics
- Infineon Technologies AG
- Microsemi (Microchip Technology Inc.)
- Mitsubishi Electric Corporation
- Monolithic Power Systems, INC.
- Renesas Electronics Corporation
- Rohm Semiconductor
- Solid State Devices, Inc.
- Stmicroelectronics
- Texas Instruments Incorporated
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.