Power Modules Market: Industry Insights By Growth, Technological Innovations, Trends, Growth opportunities and Demand Forecast, 2028

New York, United States, Wed, 28 Oct 2020 02:37:58 / Comserve Inc. / -- 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.

Research Nester has released a report titled "Power Modules Market – Global Demand Analysis & Opportunity Outlook 2028" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.

The semiconductor and electronics industry has observed significant miniaturization of electronic products over the years. Owing to such a factor, there is an increasing demand for integrated power modules across major industry verticals such as automotive, manufacturing, industrial and others, as power modules are massively used in these industries. As a result, manufacturers of electronic products in the semiconductor and electronics industry has developed the need to develop power modules with greater functionality and performance, and that meets the specifications of the modern electronic products. Apparently, a significant challenge faced by the manufacturers of electronic goods is to develop power modules that can operate without a heat sink and yet deliver greater efficiency with lesser thermal output. Such factors are anticipated to drive the growth of the global power modules market.

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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. New innovations in power packaging, growing demand for communication infrastructure, rising focus on IoT, rising demand for power modules in consumer electronics sector, increasing product launches by several key players globally, growth of silicon-carbide (SiC) and gallium nitride (GaN) and the increasing demand for electric vehicles and hybrid-electric vehicles are some of the factors expected to contribute towards the growth of the global power modules market.

The global power module market is segmented by voltage into 200V to 600V, 601V to 1200V, 1201V to 3kV and more than 3kV. Among these segments, the 200V to 600V segment held the largest market share of 52.12% in the year 2019. Moreover, the segment is anticipated to gain an incremental $ opportunity of USD 183.8 million in the year 2020 as compared to the previous year. The segment held the largest market share of 52.12% in the year 2019. Additionally, the segment is also anticipated to register the highest CAGR of 9.06% throughout the forecast period.;

Geographically, the global power module market is segmented by five major regions into North America, Europe, Middle East & Africa, Asia-Pacific and Latin America region, out of which, Asia Pacific power module market held the largest market share of 40.08% in the year 2019 and is anticipated to register the highest CAGR of 9.39% throughout the forecast period. Additionally, the market in the region is anticipated to gain an incremental $ opportunity of USD 148.1 million in the year 2020 as compared to the previous year.

However, concerns for the constrained supply chain for products such as rectifiers and MOSFETs that are faced by manufacturers globally and the high cost of power modules are some of the factors anticipated to restrict towards the growth of the global power modules market.

This report also studies existing competitive scenario of some of the key players of the global power modules market, which includes profiling of Fuji Electric Co., Ltd. 6504, Mitsubishi Electric Corporation 6503, Semikron Group, Infineon Technologies AG IFX, Texas Instruments Incorporated TXN, Dynex Semiconductor Ltd., Semiconductor Components Industries, LLC (ON Semiconductor Corporation) ON, ABB ABB and NXP Semiconductors NXPI.

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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Power Modules Market – Global Demand Analysis & Opportunity Outlook 2028", analyses the overall power modules industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global power modules market in the near future.

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

For more information, please contact:

AJ Daniel

Research Nester
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Tel: +1-6465869123

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