Sep 22, 2020: Global smart power module market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the growth of market are the rising demand from automotive sector mainly for electric vehicles, the rising reliability via advanced level of monitoring, advancement of power infrastructure, and the rising attraction toward renewable power sources. However, the presence of substitutes and lack of knowledge regarding smart power module may restrain the overall market growth in the years to come. Smart power module market is segmented based on type, end-user, and region.
MOSFET-based and IGBT-based are the types that could be explored in market in the forecast period. The IGBT-based smart power module sector is estimated to grow at the highest CAGR in the years to come.
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The market may be categorized based on end-users like industrial, consumer, and others that could be explored in smart power module market in the forecast period. Industrial sector comprises wire bonding machine, commercial inverter, sewing machine, fan motor control, AC servo & DC servo, and auto door control. On the other hand, consumer sector comprises kitchen fan, air-conditioner, refrigerator, and washing machine.
Smart power module market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, Asia Pacific may account for the significant share of the market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could the rising demand for consumer goods and the rising energy requirements in the developing countries. The developing countries like India and China are the major consumers of the smart power module in this region.
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The key players of smart power module market are ON Semiconductor Corporation, Mitsubishi Electric Corp., Infineon Technologies AG, Fuji Electric Co., Ltd., and Semikron. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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)
Global Smart Power Module market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Mitsubishi Electric
- Infineon Technologies(IR)
- Fuji Electric
- SEMIKRON
- Hitachi
- ON Semiconductor(Fairchild)
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