
The global Power Module Substrates market size is predicted to grow from US$ 1478 million in 2025 to US$ 4199 million in 2031; it is expected to grow at a CAGR of 19.0% from 2025 to 2031.
This report studies the ceramic substrates used in power modules. The key ceramic substrates are DBC substrates and AMB substrates. The power modules include IGBT modules and SiC modules. DBC (Direct Bonded Copper) substrates are composed of a ceramic insulator, Al2O3 or AlN onto which pure copper metal is attached by a high temperature eutectic melting process and thus tightly and firmly joined to the ceramic. Active Metal Brazing (AMB) is the latest developments in ceramic substrates and offers the ability to produce Heavy Copper with a AlN (Aluminium Nitride) or SiN (Silicon Nitride). The normal metallisation process is not used as AMB involves brazing pure copper on the ceramic in a high temperature vacuum brazing process. As well as offering a high reliability substrate with unique heat dissipation. The brazing technology also enables double sided copper weights of up to 800µm on thin ceramic substrates of just 0.25mm.
Global key players of Power Module Substrates include Rogers Corporation, Ferrotec, BYD, Heraeus Electronics, NGK Electronics Devices, etc. The top five players hold a share about 69%. Asia-Pacific is the largest market, and has a share about 62%, followed by Europe and North America with share 30% and 8%, separately. In terms of product type, DBC Ceramic Substrates is the largest segment, accounting for a share of 53%. In terms of application, Automotive & EV/HEV is the largest field with a share about 53 percent.
The “Power Module Substrates Industry Forecast” looks at past sales and reviews total world Power Module Substrates sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Module Substrates sales for 2025 through 2031. With Power Module Substrates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Module Substrates industry.
This Insight Report provides a comprehensive analysis of the global Power Module Substrates landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Power Module Substrates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Module Substrates market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Module Substrates and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Module Substrates.
This report presents a comprehensive overview, market shares, and growth opportunities of Power Module Substrates market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
DBC Ceramic Substrates
AMB Ceramic Substrate
DBA Ceramic Substrate
Segmentation by Application:
Automotive & EV/HEV
PV and Wind Power
Industrial Drives
Consumer & White Goods
Rail Transport
Military & Avionics
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rogers
NGK Electronics Devices
Heraeus Electronics
Jiangsu Fulehua Semiconductor Technology
Toshiba Materials
Denka
Proterial
Mitsubishi Materials
Kyocera
DOWA METALTECH
FJ Composite
KCC
Stellar Industries Corp
Littelfuse IXYS
Remtec
Shengda Tech
Nanjing Zhongjiang New Material Science & Technology
BYD
Zhejiang TC Ceramic Electronic
Tong Hsing (acquired HCS)
Fujian Huaqing Electronic Material Technology
Zhejiang Jingci Semiconductor
Konfoong Materials International
Taotao Technology
Anhui Taoxinke Semiconductor
Guangde Dongfeng Semiconductor
Beijing Moshi Technology
Nantong Winspower
Wuxi Tianyang Electronics
Key Questions Addressed in this Report
What is the 10-year outlook for the global Power Module Substrates market?
What factors are driving Power Module Substrates market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Power Module Substrates market opportunities vary by end market size?
How does Power Module Substrates break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Power Module Substrates Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Power Module Substrates by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Power Module Substrates by Country/Region, 2020, 2024 & 2031
2.2 Power Module Substrates Segment by Type
2.2.1 DBC Ceramic Substrates
2.2.2 AMB Ceramic Substrate
2.2.3 DBA Ceramic Substrate
2.3 Power Module Substrates Sales by Type
2.3.1 Global Power Module Substrates Sales Market Share by Type (2020-2025)
2.3.2 Global Power Module Substrates Revenue and Market Share by Type (2020-2025)
2.3.3 Global Power Module Substrates Sale Price by Type (2020-2025)
2.4 Power Module Substrates Segment by Application
2.4.1 Automotive & EV/HEV
2.4.2 PV and Wind Power
2.4.3 Industrial Drives
2.4.4 Consumer & White Goods
2.4.5 Rail Transport
2.4.6 Military & Avionics
2.4.7 Others
2.5 Power Module Substrates Sales by Application
2.5.1 Global Power Module Substrates Sale Market Share by Application (2020-2025)
2.5.2 Global Power Module Substrates Revenue and Market Share by Application (2020-2025)
2.5.3 Global Power Module Substrates Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Power Module Substrates Breakdown Data by Company
3.1.1 Global Power Module Substrates Annual Sales by Company (2020-2025)
3.1.2 Global Power Module Substrates Sales Market Share by Company (2020-2025)
3.2 Global Power Module Substrates Annual Revenue by Company (2020-2025)
3.2.1 Global Power Module Substrates Revenue by Company (2020-2025)
3.2.2 Global Power Module Substrates Revenue Market Share by Company (2020-2025)
3.3 Global Power Module Substrates Sale Price by Company
3.4 Key Manufacturers Power Module Substrates Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Power Module Substrates Product Location Distribution
3.4.2 Players Power Module Substrates Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Power Module Substrates by Geographic Region
4.1 World Historic Power Module Substrates Market Size by Geographic Region (2020-2025)
4.1.1 Global Power Module Substrates Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Power Module Substrates Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Power Module Substrates Market Size by Country/Region (2020-2025)
4.2.1 Global Power Module Substrates Annual Sales by Country/Region (2020-2025)
4.2.2 Global Power Module Substrates Annual Revenue by Country/Region (2020-2025)
4.3 Americas Power Module Substrates Sales Growth
4.4 APAC Power Module Substrates Sales Growth
4.5 Europe Power Module Substrates Sales Growth
4.6 Middle East & Africa Power Module Substrates Sales Growth
5 Americas
5.1 Americas Power Module Substrates Sales by Country
5.1.1 Americas Power Module Substrates Sales by Country (2020-2025)
5.1.2 Americas Power Module Substrates Revenue by Country (2020-2025)
5.2 Americas Power Module Substrates Sales by Type (2020-2025)
5.3 Americas Power Module Substrates Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Power Module Substrates Sales by Region
6.1.1 APAC Power Module Substrates Sales by Region (2020-2025)
6.1.2 APAC Power Module Substrates Revenue by Region (2020-2025)
6.2 APAC Power Module Substrates Sales by Type (2020-2025)
6.3 APAC Power Module Substrates Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Power Module Substrates by Country
7.1.1 Europe Power Module Substrates Sales by Country (2020-2025)
7.1.2 Europe Power Module Substrates Revenue by Country (2020-2025)
7.2 Europe Power Module Substrates Sales by Type (2020-2025)
7.3 Europe Power Module Substrates Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Power Module Substrates by Country
8.1.1 Middle East & Africa Power Module Substrates Sales by Country (2020-2025)
8.1.2 Middle East & Africa Power Module Substrates Revenue by Country (2020-2025)
8.2 Middle East & Africa Power Module Substrates Sales by Type (2020-2025)
8.3 Middle East & Africa Power Module Substrates Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Power Module Substrates
10.3 Manufacturing Process Analysis of Power Module Substrates
10.4 Industry Chain Structure of Power Module Substrates
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Power Module Substrates Distributors
11.3 Power Module Substrates Customer
12 World Forecast Review for Power Module Substrates by Geographic Region
12.1 Global Power Module Substrates Market Size Forecast by Region
12.1.1 Global Power Module Substrates Forecast by Region (2026-2031)
12.1.2 Global Power Module Substrates Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Power Module Substrates Forecast by Type (2026-2031)
12.7 Global Power Module Substrates Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Rogers
13.1.1 Rogers Company Information
13.1.2 Rogers Power Module Substrates Product Portfolios and Specifications
13.1.3 Rogers Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Rogers Main Business Overview
13.1.5 Rogers Latest Developments
13.2 NGK Electronics Devices
13.2.1 NGK Electronics Devices Company Information
13.2.2 NGK Electronics Devices Power Module Substrates Product Portfolios and Specifications
13.2.3 NGK Electronics Devices Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 NGK Electronics Devices Main Business Overview
13.2.5 NGK Electronics Devices Latest Developments
13.3 Heraeus Electronics
13.3.1 Heraeus Electronics Company Information
13.3.2 Heraeus Electronics Power Module Substrates Product Portfolios and Specifications
13.3.3 Heraeus Electronics Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Heraeus Electronics Main Business Overview
13.3.5 Heraeus Electronics Latest Developments
13.4 Jiangsu Fulehua Semiconductor Technology
13.4.1 Jiangsu Fulehua Semiconductor Technology Company Information
13.4.2 Jiangsu Fulehua Semiconductor Technology Power Module Substrates Product Portfolios and Specifications
13.4.3 Jiangsu Fulehua Semiconductor Technology Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Jiangsu Fulehua Semiconductor Technology Main Business Overview
13.4.5 Jiangsu Fulehua Semiconductor Technology Latest Developments
13.5 Toshiba Materials
13.5.1 Toshiba Materials Company Information
13.5.2 Toshiba Materials Power Module Substrates Product Portfolios and Specifications
13.5.3 Toshiba Materials Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Toshiba Materials Main Business Overview
13.5.5 Toshiba Materials Latest Developments
13.6 Denka
13.6.1 Denka Company Information
13.6.2 Denka Power Module Substrates Product Portfolios and Specifications
13.6.3 Denka Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Denka Main Business Overview
13.6.5 Denka Latest Developments
13.7 Proterial
13.7.1 Proterial Company Information
13.7.2 Proterial Power Module Substrates Product Portfolios and Specifications
13.7.3 Proterial Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Proterial Main Business Overview
13.7.5 Proterial Latest Developments
13.8 Mitsubishi Materials
13.8.1 Mitsubishi Materials Company Information
13.8.2 Mitsubishi Materials Power Module Substrates Product Portfolios and Specifications
13.8.3 Mitsubishi Materials Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Mitsubishi Materials Main Business Overview
13.8.5 Mitsubishi Materials Latest Developments
13.9 Kyocera
13.9.1 Kyocera Company Information
13.9.2 Kyocera Power Module Substrates Product Portfolios and Specifications
13.9.3 Kyocera Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Kyocera Main Business Overview
13.9.5 Kyocera Latest Developments
13.10 DOWA METALTECH
13.10.1 DOWA METALTECH Company Information
13.10.2 DOWA METALTECH Power Module Substrates Product Portfolios and Specifications
13.10.3 DOWA METALTECH Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 DOWA METALTECH Main Business Overview
13.10.5 DOWA METALTECH Latest Developments
13.11 FJ Composite
13.11.1 FJ Composite Company Information
13.11.2 FJ Composite Power Module Substrates Product Portfolios and Specifications
13.11.3 FJ Composite Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 FJ Composite Main Business Overview
13.11.5 FJ Composite Latest Developments
13.12 KCC
13.12.1 KCC Company Information
13.12.2 KCC Power Module Substrates Product Portfolios and Specifications
13.12.3 KCC Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 KCC Main Business Overview
13.12.5 KCC Latest Developments
13.13 Stellar Industries Corp
13.13.1 Stellar Industries Corp Company Information
13.13.2 Stellar Industries Corp Power Module Substrates Product Portfolios and Specifications
13.13.3 Stellar Industries Corp Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Stellar Industries Corp Main Business Overview
13.13.5 Stellar Industries Corp Latest Developments
13.14 Littelfuse IXYS
13.14.1 Littelfuse IXYS Company Information
13.14.2 Littelfuse IXYS Power Module Substrates Product Portfolios and Specifications
13.14.3 Littelfuse IXYS Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Littelfuse IXYS Main Business Overview
13.14.5 Littelfuse IXYS Latest Developments
13.15 Remtec
13.15.1 Remtec Company Information
13.15.2 Remtec Power Module Substrates Product Portfolios and Specifications
13.15.3 Remtec Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Remtec Main Business Overview
13.15.5 Remtec Latest Developments
13.16 Shengda Tech
13.16.1 Shengda Tech Company Information
13.16.2 Shengda Tech Power Module Substrates Product Portfolios and Specifications
13.16.3 Shengda Tech Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Shengda Tech Main Business Overview
13.16.5 Shengda Tech Latest Developments
13.17 Nanjing Zhongjiang New Material Science & Technology
13.17.1 Nanjing Zhongjiang New Material Science & Technology Company Information
13.17.2 Nanjing Zhongjiang New Material Science & Technology Power Module Substrates Product Portfolios and Specifications
13.17.3 Nanjing Zhongjiang New Material Science & Technology Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Nanjing Zhongjiang New Material Science & Technology Main Business Overview
13.17.5 Nanjing Zhongjiang New Material Science & Technology Latest Developments
13.18 BYD
13.18.1 BYD Company Information
13.18.2 BYD Power Module Substrates Product Portfolios and Specifications
13.18.3 BYD Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 BYD Main Business Overview
13.18.5 BYD Latest Developments
13.19 Zhejiang TC Ceramic Electronic
13.19.1 Zhejiang TC Ceramic Electronic Company Information
13.19.2 Zhejiang TC Ceramic Electronic Power Module Substrates Product Portfolios and Specifications
13.19.3 Zhejiang TC Ceramic Electronic Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Zhejiang TC Ceramic Electronic Main Business Overview
13.19.5 Zhejiang TC Ceramic Electronic Latest Developments
13.20 Tong Hsing (acquired HCS)
13.20.1 Tong Hsing (acquired HCS) Company Information
13.20.2 Tong Hsing (acquired HCS) Power Module Substrates Product Portfolios and Specifications
13.20.3 Tong Hsing (acquired HCS) Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Tong Hsing (acquired HCS) Main Business Overview
13.20.5 Tong Hsing (acquired HCS) Latest Developments
13.21 Fujian Huaqing Electronic Material Technology
13.21.1 Fujian Huaqing Electronic Material Technology Company Information
13.21.2 Fujian Huaqing Electronic Material Technology Power Module Substrates Product Portfolios and Specifications
13.21.3 Fujian Huaqing Electronic Material Technology Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Fujian Huaqing Electronic Material Technology Main Business Overview
13.21.5 Fujian Huaqing Electronic Material Technology Latest Developments
13.22 Zhejiang Jingci Semiconductor
13.22.1 Zhejiang Jingci Semiconductor Company Information
13.22.2 Zhejiang Jingci Semiconductor Power Module Substrates Product Portfolios and Specifications
13.22.3 Zhejiang Jingci Semiconductor Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Zhejiang Jingci Semiconductor Main Business Overview
13.22.5 Zhejiang Jingci Semiconductor Latest Developments
13.23 Konfoong Materials International
13.23.1 Konfoong Materials International Company Information
13.23.2 Konfoong Materials International Power Module Substrates Product Portfolios and Specifications
13.23.3 Konfoong Materials International Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Konfoong Materials International Main Business Overview
13.23.5 Konfoong Materials International Latest Developments
13.24 Taotao Technology
13.24.1 Taotao Technology Company Information
13.24.2 Taotao Technology Power Module Substrates Product Portfolios and Specifications
13.24.3 Taotao Technology Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.24.4 Taotao Technology Main Business Overview
13.24.5 Taotao Technology Latest Developments
13.25 Anhui Taoxinke Semiconductor
13.25.1 Anhui Taoxinke Semiconductor Company Information
13.25.2 Anhui Taoxinke Semiconductor Power Module Substrates Product Portfolios and Specifications
13.25.3 Anhui Taoxinke Semiconductor Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.25.4 Anhui Taoxinke Semiconductor Main Business Overview
13.25.5 Anhui Taoxinke Semiconductor Latest Developments
13.26 Guangde Dongfeng Semiconductor
13.26.1 Guangde Dongfeng Semiconductor Company Information
13.26.2 Guangde Dongfeng Semiconductor Power Module Substrates Product Portfolios and Specifications
13.26.3 Guangde Dongfeng Semiconductor Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.26.4 Guangde Dongfeng Semiconductor Main Business Overview
13.26.5 Guangde Dongfeng Semiconductor Latest Developments
13.27 Beijing Moshi Technology
13.27.1 Beijing Moshi Technology Company Information
13.27.2 Beijing Moshi Technology Power Module Substrates Product Portfolios and Specifications
13.27.3 Beijing Moshi Technology Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.27.4 Beijing Moshi Technology Main Business Overview
13.27.5 Beijing Moshi Technology Latest Developments
13.28 Nantong Winspower
13.28.1 Nantong Winspower Company Information
13.28.2 Nantong Winspower Power Module Substrates Product Portfolios and Specifications
13.28.3 Nantong Winspower Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.28.4 Nantong Winspower Main Business Overview
13.28.5 Nantong Winspower Latest Developments
13.29 Wuxi Tianyang Electronics
13.29.1 Wuxi Tianyang Electronics Company Information
13.29.2 Wuxi Tianyang Electronics Power Module Substrates Product Portfolios and Specifications
13.29.3 Wuxi Tianyang Electronics Power Module Substrates Sales, Revenue, Price and Gross Margin (2020-2025)
13.29.4 Wuxi Tianyang Electronics Main Business Overview
13.29.5 Wuxi Tianyang Electronics Latest Developments
14 Research Findings and Conclusion
*If Applicable.
