The market for power integrated modules is anticipated to reach US$ 5,774 million in value by 2032, up from US$ 1,765 million in 2022, growing at a CAGR of 12.6% during the projection period.
A power integrated module is as physical containment for various power components, mostly power semiconductor devices. These power semiconductors are usually sintered or soldered on a power electronic substrate, which carries the power semiconductors, and further, provides thermal and electrical contact and also provide electrical insulation, where ever required.
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Power Integrated Modules Market: Drivers and Restraints
The increase in demand for energy requirement is the major factor driving the growth of the market. Also, the demand for consumer products such as washing machine, refrigerators, and others are increasing with rapid pace globally, thus anticipated to boost the global power integrated market during the forecast period.
The increase in application for power integrated module is the key factor attributing the growth of the market. Power integrated modules are used in laptops, tablet, therefore increase in demand for laptop and tablet for B2C and the B2B market is expected to drive the power integrated market in forthcoming years.
Global Power Integrated Modules Market: Competitive Landscape
Key Players
The major player operating in power integrated modules market includes Future Electronics, Mitsubishi Electric Corp., ON Semiconductor Corporation, Semikron, Fuji Electric Co., Ltd., Infineon Technologies AG., VPT, Inc., Applied Power Systems, Inc., Lectron Industries, and COSEL ASIA LTD.
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Global Power Integrated Modules Market: Regional Trend
Asia Pacific is expected to dominate the power integrated modules market, owing to the surge in demand for consumer goods such as refrigerator, air conditioner, and washing machine. Also, Asia Pacific countries such as China and India are witnessing the increase in energy requirements, which is the other reason propelling the growth of the power integrated module market.
Economic production and government initiative for manufacturing sectors such as Make in India, are the major factor driving the growth of manufacturing sector, which is making Asia Pacific region emerged as the strong manufacturing hub.
In addition to above, robust manufacturing hub in Asia Pacific region coupled with wide presence major players for manufacturing consumer goods are boosting the growth of the power integrated module market during the forecast period.
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Key Segments
By Type:
- Output Power
- Output Current
- Output/Input Voltage
- Packaging Type
- Dimensions
By Device:
- IGBT
- MOSFET
By Application:
- Embedded Computing
- Controllers
- Processors
- SAN/NAS Accelerator
- Appliance
- Network Processors
- Noise Sensitive Applications
By Region:
- North America
- Latin America
- MEA
- Asia Pacific
- Europe
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