Power Module Market: Research, Key Players, Industry Overview, Supply and Consumption Analysis 2027

Research Nester released a report titled “Power Module Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global power module market in terms of market segmentation by product, by end use application and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The market for power module is projected to grow with a CAGR of 9.4% over the forecast period, i.e., 2018-2027. The rising focus on applications involving higher input voltage range and growing usage in communications infrastructure (5G) is predicted to play an important role in this market growth.

The power module market is segmented by product, by end use applications and by region. Based on product, the market is segmented into PSiP, PwrSoC and others, out of which, the segment for PwrSoC is predicted to witness the highest growth rate with a CAGR of 14.9% during the forecast period. PwrSoc has a much smaller and compact form as compared to PSiP, which results in the delivery of around 50% higher power density. Moreover, both PwrSoC and PSiP provide a shorter design process than the conventional DC–DC converter, which eliminates the requirement for any external components.

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Based on region, global power module market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific is projected to observe the highest growth rate of 10.2% over the forecast period. This can be attributed to the presence of large end use manufacturing industries in the region such as medical, automotive and communication infrastructure among several others. The market in North America is estimated to follow with the second highest growth rate as a result of presence of major power modules Original Equipment Manufacturers (OEMs) in the region. In Europe, the market is predicted to grow on account of presence of large designers and manufacturers of power modules which raises the opportunities for market expansion.

Compact and Miniature Size of Power Modules to Raise the Market Growth

Increasing functionality and performance of electronic products is raising the requirement for high efficiency along with a smaller size by power management platforms. The power modules, especially power supply in package (PSiP) and power supply on chip (PwrSoC), are progressing towards miniaturization as the demand for compact electronic devices is high in the market which is a key factor anticipated to result in the market growth. However, the rate at which the applications of high density power modules (PSiP and PwrSoC) is increasing is not high enough to reach the expected potential growth, which is estimated to become a restraining factor for the market growth in the upcoming years.

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This report also provides the existing competitive scenario of some of the key players of the global power module market which includes company profiling ofRenesas Electronics Corporation, STMicroelectronics, Intel, Infineon Technologies, Renesas Electronics Corporation, Analog Devices, ROHM, MPS, Vicor Corporation, Mitsubishi Electric Corporation, Schneider Electric and Micro semi. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global power module marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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