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The future of the power module market looks attractive with opportunities in the transportation, industrial, wind energy, and solar PV industries. The global power module market is expected to reach $11 billion by 2025 with a CAGR of 17% from 2020 to 2025. The major drivers for this market are high growth of electric vehicles, increasing focus of consumers for minimizing power losses, and maximizing power savings. 
 
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of IGBT high power modules and development of high temperature SiC power module. Infineon, Fuji Electronics, Semikron, STMicroelectronics, and Mitsubishi Electric Corporation are among the major power module providers. 
 
A total of 81 figures / charts and 71 tables are provided in this 169 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of power modules market report download the report brochure.
 

 
In this market, IGBT power module is the largest product type, whereas transportation is largest end use Industry. Growth in various segments of the power module market are given below:
 
Power Module Market by Segments


 
The study includes the power modules market size and forecast for the global power modules market through 2025, segmented by product type, end use industry, voltage range, and the region as follows: 
 
Power Modules Market by Product Type [$M shipment analysis from 2014 to 2025]:
  • IGBT 
  • FET 
  • SiC 
  • Others
Power Modules Market by End Use Industry [$M shipment analysis from 2014 to 2025]:
  • Transportation 
  • Industrial 
  • Wind Energy 
  • Solar PV 
  • Others
Power Modules Market by Voltage Range [$M shipment analysis from 2014 to 2025]:
  • <600V 
  • 600-1200V
  • >1200V 
Power Modules Market by Region [$M shipment analysis for 2014 to 2025]:
  • North America
  • United States
  • Canada 
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • Asia Pacific
  • Japan
  • China
  • The Rest of the World 
Some of the power modules companies profiled in this report include Infineon, Fuji Electronics, Semikron, STMicroelectronics, and Mitsubishi Electric Corporation, and others.
 
In this market, various power module, such as insulated gate bipolar transistors (IGBTs), field effect transistor (FET), and silicon carbide (SiC) are used in industrial devices, wind turbines, automobiles, etc. Lucintel forecasts that IGBT will remain the largest product type and it is also expected to witness the highest growth over the forecast period due to its increasing demand in various power electronics applications, such as inverters, converters and power supplies.
 
Within the power module market, transportation will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period supported by growth of the electric vehicles.
 
APAC will remain the largest region and it is also expected to witness highest growth over the forecast period due to growth of the electric vehicles and solar photovoltaic industries. 
 
Some of the features of “Power Module Report: Trends, Forecast and Competitive Analysis” include:
  • Market size estimates: Global power module market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use industry.
  • Segmentation analysis: Global power module market size by product type, end use industry, and by voltage range in terms of value shipment.
  • Regional analysis: Global power module market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of power module in the global power module market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of polyolefin film in the global power module market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
This report answers the following 11 key questions:
 
Q.1 What are some of the most promising, high-growth opportunities for the global Power Module by product type (IGBT, FET, SiC, and Others), by voltage range (<600V, 600-1200, >1200V), by end use industry (Industrial, Transportation, Wind energy, solar PV, and Others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the power module market?
Q.5 What are the business risks and threats to the power module market?
Q.6 What are the emerging trends in this power module market and the reasons behind them? 
Q.7 What are some changing demands of customers in the power module market?
Q.8 What are the new developments in power module the market? Which companies are leading these developments? 
Q.9 Who are the major players in this power module market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this power module area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in this power module  market for  the last 5 years?

Report Scope

Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)		 2014-2019
Forecast Period 2020-2025
Pages 169
Market Representation / Units Revenue in US $ Billion and Volume in Million Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By product type (IGBT, FET, SiC, and Others), By voltage range (<600V, 600-1200, >1200V), and By end use industry (Industrial, Transportation, Wind energy, solar PV, and Others)
Regional Scope North America (The United States, Canada, Mexico), Europe (United Kingdom, Germany), Asia Pacific (Japan, China), and RoW
Customization 10% Customization Without any Additional Cost

Table of Contents
 
 
 
1. Executive Summary
 
2. Market Background, and Classifications
2.1: Introduction, Background, and Classifications
2.2: Advantages and Disadvantages of Power Module
2.3: Supply Chain
2.4: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecasts
3.2: Global Power Modules Market Trends and Forecast
3.3: Global Power Modules Market by Product Type
3.3.1: Insulated Gate Bipolar Transistors (IGBT)
3.3.2: Field Effect Transistor (FET)
3.3.3: Silicon Carbide (SiC)
3.3.4: Others
3.4: Global Power Modules Market by End-Use Industry:
3.4.1: Transportation
3.4.2: Industrial
3.4.3: Wind Energy 
3.4.4: Solar PV
3.4.5: Others
3.5: Global Power Modules Market by Voltage Range:
3.5.1: <600 Voltage Range
3.5.2: 601-1200 Voltage Range 
3.5.3: >1200 V
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Power Modules Market by Region
4.2: North American Power Modules Market
4.2.1: North American Power Module Market by Product Type 
4.2.2: North American Power Module Market by End-Use Industry
4.2.3: United States Power Modules Market
4.2.4: Canadian Power Modules Market
4.2.5: Mexican Power Modules Market
4.3: European Power Modules Market
4.3.1: European Power Modules Market by Product Type
4.3.2: European Power Modules Market by End-Use Industry 
4.3.3: Russian Power Modules Market
4.3.4: French Power Modules Market
4.3.5: German Power Modules Market
4.3.6: Italian Power Modules Market
4.3.7: United Kingdom Power Modules Market
4.4: APAC Power Modules Market
4.4.1: APAC Power Module Market by Product Type
4.4.2: APAC Power Modules Market by End-Use Industry 
4.4.2: Chinese Power Modules Market
4.4.3: Indian Power Modules Market
4.4.4: The Korean Power Modules Market
4.4.5: The Japanese Power Modules Market
4.4.6: The Indonesian Power Modules Market
4.5: ROW Power Modules Market
4.5.1: ROW Power Modules Market by Product Type
4.5.2: ROW Power Modules Market by End-Use Industry 
4.5.3: Turkey Power Modules Market
4.5.4: Brazilian Power Modules Market
4.5.5: Iranian Power Modules Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Power Module Market by End User 6.1.2: Growth Opportunities for the Global Power Module Market by Product Type 
6.1.2: Growth Opportunities for the Global Power Module Market by Voltage Range
6.1.3: Growth Opportunities for the Global Power Module Market by Region
6.2: Emerging Trends in the Global Power Module Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion in the Global Power Module Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Power Module
 
7. Company Profiles of Leading Player
7.1: Infineon Technologies AG
7.2: STMicroelectronics
7.3: ON Semiconductor. 
7.4: Mitsubishi Electric Corporation
7.5: Toshiba
7.6: Vincotech
7.7: Hitachi
7.8: Fuji Electric.
7.9: Semikron
7.10: Danfoss
 
List of Figures
 
Chapter 2: Market Background and Classifications
Figure 2.1: Power Module Implementation
Figure 2.2: Classification of the Global Power Module Market
Figure 2.3: Supply Chain for the Global Power Module Market
Figure 2.4: Major Drivers and Challenges for the Global Power Module Market
 
Chapter 3: Market Trends and Forecast Analysis from 2014 to 2025
Figure 3.1: Trends of the Global GDP Growth Rate
Figure 3.2: Trends of the Global Population Growth Rate
Figure 3.3: Trends of the Global Inflation Rate
Figure 3.4: Trends of the Global Unemployment Rate
Figure 3.5: Trends of the Regional GDP Growth Rate
Figure 3.6: Trends of the Regional Population Growth Rate
Figure 3.7: Trends of the Regional Inflation Rate
Figure 3.8: Trends of the Regional Unemployment Rate
Figure 3.9: Regional Per Capita Income Trends
Figure 3.10: Forecast for the Global GDP Growth Rate
Figure 3.11: Forecast for the Global Population Growth Rate
Figure 3.12: Forecast for the Global Inflation Rate
Figure 3.13: Forecast for the Global Unemployment Rate
Figure 3.14: Forecast for the Regional GDP Growth Rate
Figure 3.15: Forecast for the Regional Population Growth Rate
Figure 3.16: Forecast for the Regional Inflation Rate
Figure 3.17: Forecast for the Regional Unemployment Rate
Figure 3.18: Forecast for Regional Per Capita Income
Figure 3.19: Trends and Forecast for the Global Power Modules Market (2014-2025)
Figure 3.20: Trends of the Global Power Modules Market ($M) by Product Type (2014-2019)
Figure 3.21: Forecast for the Global Power Modules Market ($M) by Product Type (2020-2025)
Figure 3.22: Trends and Forecast for IGBT Power Modules in the Global Power Module Market ($M) (2014-2025)
Figure 3.23: Trends and Forecast for FET Power Modules in the Global Power module Market ($M) (2014-2025)
Figure 3.24: Trends and Forecast for SiC Power Modules in the Global Power module Market ($M) (2014-2025)
Figure 3.25: Trends and Forecast for Others Power Modules in the Global Power module Market ($M) (2014-2025)
Figure 3.26: Trends of the Global Power Modules Market ($M) by End-Use Industry (2014-2019)
Figure 3.27: Forecast for the Global Power Module Market ($M) by End-Use Industry (2020-2025)
Figure 3.28: Trends and Forecast for Transportation in the Global Power Module Market ($M) (2014-2025)
Figure 3.29: Trends and Forecast for Industrial in the Global Power Module Market ($M) (2014-2025)
Figure 3.30: Trends and Forecast for the Wind Energy in the Global Power Module Market (2014-2025)
Figure 3.31: Trends and Forecast for the Solar PV in the Global Power Module Market (2014-2025)
Figure 3.32: Trends and Forecast for Others in the Global Power Module Market (2014-2025)
Figure 3.33: Trends of the Global Power Modules Market ($M) by Voltage Range (2014-2019)
Figure 3.34: Forecast for the Global Power Modules Market ($M) by Voltage Range (2020-2025)
Figure 3.35: Trends and Forecast for the <600 Voltage Range in the Global Power Modules Market (2014-2025)
Figure 3.36: Trends and Forecast for the 600-1200 Voltage Range in the Global Power Module Market (2014-2025)
Figure 3.37: Trends and Forecast for >1200 Voltage Range in the Global Power Modules Market (2014-2025)
 
Chapter 4: Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Power Modules Market ($M) by Region (2014-2019)
Figure 4.2: Forecast for the Global Power Modules Market ($M) by Region (2020-2025)
Figure 4.3: Trends and Forecast for the North American Power Modules Market (2014-2025)
Figure 4.4: Trends of the North American Power Modules Market ($M) by Product Type (2014-2019)
Figure 4.5: Forecast for the North American Power Modules Market ($M) by Product Type (2020-2025)
Figure 4.6: Trends of the North American Power Modules Market ($M) by End-Use Industry (2014-2019)
Figure 4.7: Forecast for the North American Power Module Market ($M) by End-Use Industry (2020-2025)
Figure 4.8: Trends and Forecast for the United States Power Modules Market (2014-2025)
Figure 4.9: Trends and Forecast for the Canadian Power Modules Market (2014-2025)
Figure 4.10: Trends and Forecast for the Mexican Power Modules Market (2014-2025)
Figure 4.11: Trends and Forecast for the European Power Modules Market (2014-2025)
Figure 4.12: Trends of the European Power Modules Market ($M) by Product Type (2014-2019)
Figure 4.13: Forecast for the European Power Modules Market ($M) by Product Type (2020-2025)
Figure 4.14: Trends of the European Power Modules Market ($M) by End-Use Industry (2014-2019)
Figure 4.15: Forecast for the European Power Module Market ($M) by End-Use Industry (2020-2025)
Figure 4.16: Trends and Forecast for the German Power Modules Market (2014-2025)
Figure 4.17: Trends and Forecast for the Norway Power Modules Market (2014-2025)
Figure 4.18: Trends and Forecast for UK Power Modules Market (2014-2025)
Figure 4.19: Trends and Forecast for France Power Modules Market (2014-2025)
Figure 4.20: Trends and Forecast for the APAC Power Modules Market (2014-2025)
Figure 4.21: Trends of the APAC Power Modules Market ($M) by Product Type (2014-2019)
Figure 4.22: Forecast for the APAC Power Modules Market ($M) by Product Type (2020-2025)
Figure 4.23: Trends of the APAC Power Modules Market ($M) by End-Use Industry (2014-2019)
Figure 4.24: Forecast for the APAC Power Module Market ($M) by End-Use Industry (2020-2025)
Figure 4.25: Trends and Forecast for the China Power Modules Market (2014-2025)
Figure 4.26: Trends and Forecast for the South Korea Power Modules Market (2014-2025)
Figure 4.27: Trends and Forecast for the India Power Modules Market (2014-2025)
Figure 4.28: Trends and Forecast for the ROW Power Module Market (2014-2025)
Figure 4.29: Trends of the ROW Power Module Market ($M) by Product Type (2014-2019)
Figure 4.30: Forecast for the ROW Power Modules Market ($M) by Product Type (2020-2025)
Figure 4.31: Trends of the ROW Power Modules Market ($M) by End-Use Industry (2014-2019)
Figure 4.32: Forecast for the ROW Power Module Market ($M) by End-Use Industry (2020-2025)
 
Chapter 5: Competitor Analysis
Figure 5.1: Headquarter Locations of Major Power Module Manufacturers
Figure 5.2: Porter’s Five Forces Analysis of the Global Power Module Market
 
Chapter 6: Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunities for the Global Power Modules Market (2020-2025)
Figure 6.2: Growth Opportunities for the Global Power Module Market by End-User (2020-2025)
Figure 6.3: Opportunities for the Global Power Module Market by Product Type (2019-2025)
Figure 6.4: Growth Opportunities for the Global Power Module Market by Voltage Range (2019-2025)
Figure 6.5: Growth Opportunities for the Global Power Module Market by Region (2019-2025)
Figure 6.6: Emerging Trends in the Global Power Module Market
 
List of Tables
Chapter 1: Executive Summary
Table 1.1: Global Power Modules Market Parameters and Attributes
 
Chapter 3: Market Trends and Forecast Analysis from 2014 to 2025
Table 3.1: Market Trends of the Global Power Modules Market (2014-2019)
Table 3.2: Market Forecast for the Global Power Modules Market (2020-2025)
Table 3.3: Market Size and CAGR of Various Product Types of the Power Modules Market by Value (2014-2019)
Table 3.4: Market Size and CAGR of Various Product Types of the Power Modules Market by Value (2020-2025)
Table 3.5: Market Trends of IGBT Power Module in the Global Power Module Market (2014-2019)
Table 3.6: Market Forecast for the IGBT Power Module in the Global Power Module Market (2020-2025)
Table 3.7: Market Trends of the FET Power Modules Market (2014-2019)
Table 3.8: Market Forecast for the FET Power Modules Market (2020-2025)
Table 3.9: Market Trends of the SiC Power Modules Market (2014-2019)
Table 3.10: Market Forecast for the SiC Power Modules Market (2020-2025)
Table 3.11: Market Trends of the Others Power Modules Market (2014-2019)
Table 3.12: Market Forecast for the Others Power Modules Market (2020-2025)
Table 3.13: Market Size and CAGR of Various End Use Industry in the Global Power Modules Market (2014-2019)
Table 3.14: Market Size and CAGR of Various End Use Industry in the Global Power Modules Market (2020-2025)
Table 3.15: Market Trends of the Transportation in the Global Power Module Market (2014-2019)
Table 3.16: Market Forecast for the Transportation in the Global Power Module Market (2020-2025)
Table 3.17: Market Trends of the Industrial in the Global Power Module Market (2014-2019)
Table 3.18: Market Forecast for Industrial in the Global Power Module Market (2020-2025)
Table 3.19: Market Trends in Wind Energy in the Global Power Modules Market (2014-2019)
Table 3.20: Market Forecast for Wind Energy in the Global Power Modules Market (2020-2025)
Table 3.21: Market Trends of Solar PV in the Global Power Module Market (2014-2019)
Table 3.22: Market Forecast for Solar PV in the Global Power Module Market (2020-2025)
Table 3.23: Market Trends of Others in the Global Power Module Market (2014-2019)
Table 3.24: Market Forecast for Others in the Global Power Module Market (2020-2025)
Table 3.25: Market Size and CAGR of Various Voltage Range in the Global Power Module Market (2014-2019)
Table 3.26: Market Size and CAGR of Various Voltage Range in the Global Power Modules Market (2020-2025)
Table 3.27: Market Trends of <600 Voltage Range in the Global Power Modules Market (2014-2019)
Table 3.28: Market Forecast for <600 Voltage Range in the Global Power Modules Market (2020-2025)
Table 3.29: Market Trends of 600-1200 Voltage Range in the Global Power Module Market (2014-2019)
Table 3.30: Market Forecast for the 600-1200 Voltage Range in the Global Power Modules Market (2020-2025)
Table 3.31: Market Trends of >1200 Voltage Range in the Global Power Module Market (2014-2019)
Table 3.32: Market Forecast for >1200 Voltage Range in the Global Power Modules Market (2020-2025)
 
Chapter 4: Market Trends and Forecast Analysis by Region
Table 4.1: Market Size and CAGR of the Power Module Market by Region (2014-2019)
Table 4.2: Market Size and CAGR of the Power Module Market by Region (2020-2025)
Table 4.3: Market Trends of the North American Power Module Market (2014-2019)
Table 4.4: Market Forecast for the North American Power Module Market (2020-2025)
Table 4.5: Market Size and CAGR of Various Product Type of the North American Power Modules Market (2014-2019)
Table 4.6: Market Size and CAGR of Various Product Type of the North American Power module Market (2020-2025)
Table 4.7: Market Size and CAGR of Various End Use Industry in the North America Power Modules Market (2014-2019)
Table 4.8: Market Size and CAGR of Various End Use Industry in the North America Power Modules Market (2020-2025)
Table 4.9: Trends and Forecast for the United States Power Modules Market (2014-2025)
Table 4.10: Trends and Forecast for the Canadian Power Modules Market (2014-2025)
Table 4.11: Trends and Forecast for the Mexican Power Modules Market (2014-2025)
Table 4.12: Market Trends of the European Power Modules Market (2014-2019)
Table 4.13: Market Forecast for the European Power Modules Market (2020-2025)
Table 4.14: Market Size and CAGR of Various Product Type of the European Power Modules Market (2014-2019)
Table 4.15: Market Size and CAGR of Various Product Type of the European Power Modules Market (2020-2025)
Table 4.16: Market Size and CAGR of Various End Use Industry in the European Power Modules Market (2014-2019)
Table 4.17: Market Size and CAGR of Various End Use Industry in the European Power Modules Market (2020-2025)
Table 4.18: Trends and Forecast for the German Power Modules Market (2014-2025)
Table 4.19: Trends and Forecast for the Norway Power Modules Market (2014-2025)
Table 4.20: Trends and Forecast for the UK Power Modules Market (2014-2025)
Table 4.21: Trends and Forecast for the France Power Modules Market (2014-2025)
Table 4.22: Market Trends of the APAC Power Modules Market (2014-2019)
Table 4.23: Market Forecast for the APAC Power Modules Market (2020-2025)
Table 4.24: Market Size and CAGR of Various Product Type of the APAC Power Module Market (2014-2019)
Table 4.25: Market Size and CAGR of Various Product Type of the APAC Power Module Market (2020-2025)
Table 4.26: Market Size and CAGR of Various End Use Industry in the APAC Power Modules Market (2014-2019)
Table 4.27: Market Size and CAGR of Various End Use Industry in the APAC Power Modules Market (2020-2025)
Table 4.28: Trends and Forecast for the China Power Modules Market (2014-2025)
Table 4.29: Trends and Forecast for the South Korea Power Modules Market (2014-2025)
Table 4.30: Trends and Forecast for the India Power Modules Market (2014-2025)
Table 4.31: Market Trends of the ROW Power Module Market (2014-2019)
Table 4.32: Market Forecast for the ROW Power Modules Market (2020-2025)
Table 4.33: Market Size and CAGR of Various Product Type of the ROW Power Module Market (2014-2019)
Table 4.34: Market Size and CAGR of Various Product Type of the ROW Power Module Market (2020-2025)
Table 4.35: Market Size and CAGR of Various End Use Industry in the ROW Power Modules Market (2014-2019)
Table 4.36: Market Size and CAGR of Various End Use Industry in the ROW Power Modules Market (2020-2025)
 
Chapter 5: Competitor Analysis
Table 5.1: Product Mapping of a Suppliers Based on Product Served
 
Chapter 6: Growth Opportunities and Strategic Analysis
Table 6.1: New Product Launches by Major Power Module Producers (2014-2019)
 
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81 figures/charts and 71 tables are provided in this 169 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
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  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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