About Power Electronics Module
The power electronics module is a device that has physical containment for power semiconductor devices properly interconnected to make a high voltage drive circuit to draw high power performance from either IGBT or MOSFET power device. Power electronic modules realize large-scale applications in client electronic devices like laptops, smartphones, LCDs, and DVDs to keep up stable power offers and permit devices to work at high speeds, voltage, and temperature.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 4.1% |
The global market for the power electronic module is fragmented by the global players owing to the rising demand for applications in industrial motors for efficient power conversion. The players should invest in R&D and focus on developing efficient components for hybrid-electric solutions for construction, commercial, and agricultural vehicles. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Infineon Technologies (Germany), ON Semiconductor (United States), STMicroelectronics (Switzerland), Mitsubishi Electric (Japan), Fuji Electric (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Texas Instruments (United States), Toshiba (Japan), ABB (Switzerland) and Microchip (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Vishay Intertechnology (United States), GaN Systems (Canada), Littelfuse (United States) and Maxim Integrated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Power Electronics Module market by Type (Intelligent Power Module and Standard Power Integrated Module), Application (Consumer Electronics, IT and Telecommunication, Aerospace and Defence, Industrial, Automotive, Healthcare and Others) and Region.
On the basis of geography, the market of Power Electronics Module has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Voltage, the sub-segment i.e. Low Voltage will boost the Power Electronics Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Silicon (Si) will boost the Power Electronics Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus on R&D for Cost Reduction, Increase of Power Density, Increase of Reliability and Reduction of Parasitic Lumped Elements
Market Growth Drivers:
Rising Demand for the Power Conversion in Industrial Applications like industrial motor drives, embedded motor drives, uninterruptible power supplies, AC-DC power supplies
Challenges:
Requirement of Skilled Personnel’s Hindering the Market
Restraints:
Scarcity Of Raw Materials Is Expected to Cause Price Fluctuations Hampers the Market Growth
Opportunities:
Rising Demand for the Power Electronic Module Renewable Energies as Wind Turbines, Solar Power Panels, Tidal Power Plants, and Electric Vehicles
Market Leaders and their expansionary development strategies
In October 2020, STMicroelectronics announced the acquisition of a French fabless company, SOMOS Semiconductor, specialized in RF power amplifiers (PA) and RF front-end modules (FEM) based on the mainstream complementary metal-oxide semiconductor (CMOS) technology. The acquisition is expected to strengthen STMicroelectronics’ position in terms of IP and know-how, in preparation for the emerging IoT and 5G markets.
In 2019, Mitsubishi Electric launched its SLIMDIPTM-W, a new high-performance intelligent power module (IPM) that will enable washing machines, air conditioners, and various small-capacity motor drives to achieve reduced motor noise and consume less power.
Key Target Audience
Power Electronics Module Manufacturers, Supplier/Distributor, Component Manufacturer, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.