Sprint Stat Research has published a new report titled “Smart Power Module Market - Global Trends and Forecast Analysis, 2018-2025”. According to Analysts at Sprint Stat Research, the global smart power module market was valued at USD 2 Billion in 2018 and is projected to reach USD 4 Billion by 2025, at a growth rate of 9% in 2019-2025.
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Major factor for the growth of smart power module market is electric cars, which are being developed in recent years through various campaigns like EVI Government Fleet Declaration, [email protected] campaign, an Electric Vehicles Initiative. Smart power module with voltage rating up to 600V has gained the maximum market share and smart power modules with voltage rating above 1200V are anticipated to have higher growth as they are being used in huge industrial applications like renewable energy. The entry barrier in the industry is high due to high capital requirement and rapid advances in technology. High power thyristors are used in hybrid electric vehicles and electric vehicles to reduce cost, weight and improve performance of the vehicles. Usage of such high power thyristors leads to growth of smart power modules.
Smart power module market is segmented on the basis of product, end user, and region. Based on product, the global smart power module market is divided into IGBT based, MOSFET based, and others. Consumer electronics, automotive, renewables, industrial drives, and others are major end users analysed in the global smart power module market report. The smart power module market has analyzed across the five regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its major countries.
Major players profiled in the report are Infineon Technologies AG, Vincotech GmbH, Powerex Inc., Stmicroelectronics N.V., Mitsubishi Electric Corp., Fuji Electric Co., Ltd., Semikron, On Semiconductor Corporation, ROHM Co., Ltd., Sanken Electric Co., Ltd., Fairchild Semiconductor International, Inc., and others.
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This research report provides in-depth assessment of smart power module market driving factors and features. The report highlights detailed analysis of smart power module market across various countries in the region. It provides a market outlook for 2018-2025 and sets the forecast within the context of smart power module market, including latest technological developments as well as offerings in the market. The report also presents a detailed overview on market segmentation. Overall, this research report shows historic, on-going, and estimated market analysis in terms of value and volume, analysis of niche industry developments and market share analysis. Detailed profiles of industry players are also included in the scope of the report to evaluate their business strategies, key offerings, and recent developments in the smart power module market space.
The report segments the global smart power module market as follows:
Smart Power Module Market, Product Segment Analysis
- IGBT Based
- MOSFET Based
Smart Power Module Market, End User Segment Analysis
- Consumer Electronics
- Industrial Drives
Smart Power Module Market, Region Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA