Lucintel Forecasts Power Module Market to Reach $12.6 Billion by 2027

Market-Research

According to the recent study the power module market is projected to reach an estimated $12.6 billion by 2027 from $5.8 billion in 2021, at a CAGR of 12.6% from 2021 to 2027. Growth in this market is primarily driven by high growth of electric vehicles, increasing focus of consumers for minimizing power losses, and maximizing power savings.

Browse 72 figures / charts and 71 tables in this 163 -page report to understand trends, opportunities and forecast in power module market by product type (IGBT, FET, SiC, and others), by voltage range (<600V, 600-1200V, and >1200V), end use industry (transportation, industrial, wind energy, solar PV, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/power-module-market.aspx

“IGBT market is expected to remain the largest segment during the forecast period.”

Based on product type, the power module market is segmented into IGBT, FET, SiC, and others. Lucintel forecasts that the IGBT market is expected to remain the largest segment due to its increasing demand in various power electronics applications, such as inverters, converters and power supplies.

“Within the power module market, the transportation segment is expected to remain the largest end use industry”

Based on end use industry the transportation segment is expected to witness the highest growth over the forecast period.

“Asia pacific will dominate the power module market in near future”

Asia Pacific will remain the largest region and it is also expected to witness highest growth over the forecast period.

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Major players of power module market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Infineon Technologies AG, STMicroelectronics, ON Semiconductor, Mitsubishi Electric Corporation, Toshiba, Vincotech, Hitachi, Fuji Electric, Semikron, and Danfoss are among the major power module providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/power-module-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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