Smart Power Module Market
01st Aug 2019 – Global Smart Power Module Market is anticipated to witness an exponential growth in the forecast period. Factors such as acceptance of intelligent power module in the market, developing economies emphasizing on improvements in their infrastructure, technological advancement, rising disposable income, huge investments in water & wastewater amenities, roads, power plants, and airport services are likely to drive the market in forthcoming period.
On the other hand, design-related challenges associated with SiC-based intelligent power modules and slow acceptance of new technologies are anticipated to hinder smart power module market growth in the future. However, surge in the automotive industry is likely to create lucrative opportunities for the market.
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Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market could be explored by current rating, voltage rating, circuit configuration, vertical, power device, application and geography. Smart power module market could be explored by voltage rating as 1,200V, Up to 600V and Above 1,200V.
Based on current rating, market could span 101A–600A, Up to 100A and above 600A. The key applications that could be explored in the market include Servo Drives, Consumer Electronics, Renewable Energy and Transportation. The market could be explored based on circuit configuration as 7-PAC, 6-PAC and Others.
The smart power module market could be explored based on power device as IGBT-Based IPM and MOSFET-Based IPM. The “IGBT-based” segment accounted for a prominent share in the market owing to advantages of the low-loss high-speed IGBTs with optimized and protection gate drive circuitries.
Based on vertical, the market could span Consumer (Washing Machine, Air Conditioner, Refrigerator, and Others) and Industrial (Transportation, Renewable Energy, Servo Drive, UPS, and Others). The “Consumer” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include increasing demand in the consumer electronics segment for improved energy productivity is a foremost opportunity for the development of intelligent power modules in the segment.
Key players operating in the smart power module market include Infineon Technologies AG, Mitsubishi Electric Corp, Fuji Electric Co. Ltd, Semikron, Fairchild Semiconductors, ROHM Co., Ltd, Future Electronics Inc., Vincotech GmbH, ST Microelectronics N.V., ON Semiconductor Corporation and Powerex Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Smart Power Module in these regions, from 2012 to 2023 (forecast), covering
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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