Global Power Electronics Module Market Overview:
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.
- Rising Demand for the Power Conversion in Industrial Applications like industrial motor drives, embedded motor drives, uninterruptible power supplies, AC-DC power supplies
- Scarcity Of Raw Materials Is Expected to Cause Price Fluctuations Hampers the Market Growth
- Rising Demand for the Power Electronic Module Renewable Energies as Wind Turbines, Solar Power Panels, Tidal Power Plants, and Electric Vehicles
- Requirement of Skilled Personnelís Hindering the Market
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Vishay Intertechnology (United States), GaN Systems (Canada), Littelfuse (United States) and Maxim Integrated (United States). Considering Market by Voltage, the sub-segment i.e. Low Voltage will boost the Power Electronics Module market. Considering Market by Material, the sub-segment i.e. Silicon (Si) will boost the Power Electronics Module market.
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.
What Can be Explored with the Power Electronics Module Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Power Electronics Module Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Power Electronics Module
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Power Electronics Module market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Power Electronics Module market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Power Electronics Module Manufacturers, Supplier/Distributor, Component Manufacturer, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Power Electronics Module Market?
The Power Electronics Module market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Power Electronics Module Market?
Top performing companies in the Global Power Electronics Module market are 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), to name a few.
3. What trending factors would impact Power Electronics Module Market growth most?
"Focus on R&D for Cost Reduction, Increase of Power Density, Increase of Reliability and Reduction of Parasitic Lumped Elements" is seen as one of major influencing trends for Power Electronics Module Market during projected period 2020-2026.