The global market for Power Module was valued at US$ 8364 million in the year 2024 and is projected to reach a revised size of US$ 14510 million by 2031, growing at a CAGR of 9.3% during the forecast period.
This Report studies the Power modules, mainly include the IGBT modules, SiC MOSFET modules and others.
An IGBT Power Module is a power semiconductor component used in power electronic devices in several industries as they have high-power efficiency, high blocking voltage, and ability to work in low power. An IGBT Power Module is formed by arranging several IGBTs in parallel in a single casing. An IGBT-Based Power Module functions as a switch and can be used to switch electrical power on and off extremely fast and with high energy efficiency. The IGBT power module is becoming the preferred device for high power applications due to its ability to enhance switching, temperature, weight and cost performance.
SiC (Silicon Carbide) MOSFET modules are power electronic devices based on wide-bandgap semiconductor material silicon carbide, utilizing a Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) structure for high-efficiency power conversion. Compared to traditional silicon-based devices, SiC MOSFETs offer superior characteristics such as higher voltage tolerance, faster switching frequencies, high-temperature operation, and lower conduction losses.
Global 5 largest manufacturers of IGBT Power Module are Infineon, Mitsubishi Electric (Vincotech), Fuji Electric, Semikron Danfoss and StarPower Semiconductor, which make up about 70%. Among them, Infineon is the leader with about 30% market share. China is the largest market, has a share over 40%, followed by EMEA and APAC (excluding China), with share about 30% and 18%, separately. In terms of product type, MV IGBT Modules are the largest segment, with a share about 56%. In terms of product application, the largest application is automotive & EV/HEV, with a share about 33%, followed by industrial control and wind power, PV, energy storage.
Global SiC modules are dominated by STMicroelectronics, onsemi, Infineon, Wolfspeed, Rohm, BYD Semiconductor, Bosch, and United Nova Technology, etc.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Power Module, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Module.
The Power Module market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Power Module market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Module manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Infineon
STMicroelectronics
onsemi
BYD
Fuji Electric
Mitsubishi Electric
Semikron Danfoss
Bosch
Zhuzhou CRRC Times Electric
StarPower Semiconductor
Wolfspeed
MacMic Science & Technology
Hangzhou Silan Microelectronics
Hitachi Power Semiconductor Device
United Nova Technology
Rohm
Microchip (Microsemi)
Guangdong AccoPower Semiconductor
Grecon Semiconductor (Shanghai)
Toshiba
Littelfuse (IXYS)
PN Junction Semiconductor (Hangzhou)
ANHI Semiconductor
by Type
IGBT Modules
SiC Modules
by Application
Automotive & EV/HEV
Industrial Control
Consumer Appliances
Wind power, PV, Energy Storage
Traction
Military & Avionics
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Power Module manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Power Module by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Power Module in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Power Module Market Overview
1.1 Product Definition
1.2 Power Module by Type
1.2.1 Global Power Module Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 IGBT Modules
1.2.3 SiC Modules
1.3 Power Module by Application
1.3.1 Global Power Module Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Automotive & EV/HEV
1.3.3 Industrial Control
1.3.4 Consumer Appliances
1.3.5 Wind power, PV, Energy Storage
1.3.6 Traction
1.3.7 Military & Avionics
1.3.8 Others
1.4 Global Market Growth Prospects
1.4.1 Global Power Module Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Power Module Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Power Module Production Estimates and Forecasts (2020-2031)
1.4.4 Global Power Module Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Power Module Production Market Share by Manufacturers (2020-2025)
2.2 Global Power Module Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Power Module, Industry Ranking, 2023 VS 2024
2.4 Global Power Module Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Power Module Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Power Module, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Power Module, Product Offered and Application
2.8 Global Key Manufacturers of Power Module, Date of Enter into This Industry
2.9 Power Module Market Competitive Situation and Trends
2.9.1 Power Module Market Concentration Rate
2.9.2 Global 5 and 10 Largest Power Module Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Power Module Production by Region
3.1 Global Power Module Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Power Module Production Value by Region (2020-2031)
3.2.1 Global Power Module Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Power Module by Region (2026-2031)
3.3 Global Power Module Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Power Module Production Volume by Region (2020-2031)
3.4.1 Global Power Module Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Power Module by Region (2026-2031)
3.5 Global Power Module Market Price Analysis by Region (2020-2025)
3.6 Global Power Module Production and Value, Year-over-Year Growth
3.6.1 North America Power Module Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Power Module Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Power Module Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Power Module Production Value Estimates and Forecasts (2020-2031)
4 Power Module Consumption by Region
4.1 Global Power Module Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Power Module Consumption by Region (2020-2031)
4.2.1 Global Power Module Consumption by Region (2020-2025)
4.2.2 Global Power Module Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Power Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Power Module Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Power Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Power Module Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Power Module Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Power Module Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Power Module Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Power Module Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Israel
5 Segment by Type
5.1 Global Power Module Production by Type (2020-2031)
5.1.1 Global Power Module Production by Type (2020-2025)
5.1.2 Global Power Module Production by Type (2026-2031)
5.1.3 Global Power Module Production Market Share by Type (2020-2031)
5.2 Global Power Module Production Value by Type (2020-2031)
5.2.1 Global Power Module Production Value by Type (2020-2025)
5.2.2 Global Power Module Production Value by Type (2026-2031)
5.2.3 Global Power Module Production Value Market Share by Type (2020-2031)
5.3 Global Power Module Price by Type (2020-2031)
6 Segment by Application
6.1 Global Power Module Production by Application (2020-2031)
6.1.1 Global Power Module Production by Application (2020-2025)
6.1.2 Global Power Module Production by Application (2026-2031)
6.1.3 Global Power Module Production Market Share by Application (2020-2031)
6.2 Global Power Module Production Value by Application (2020-2031)
6.2.1 Global Power Module Production Value by Application (2020-2025)
6.2.2 Global Power Module Production Value by Application (2026-2031)
6.2.3 Global Power Module Production Value Market Share by Application (2020-2031)
6.3 Global Power Module Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Infineon
7.1.1 Infineon Power Module Company Information
7.1.2 Infineon Power Module Product Portfolio
7.1.3 Infineon Power Module Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Infineon Main Business and Markets Served
7.1.5 Infineon Recent Developments/Updates
7.2 STMicroelectronics
7.2.1 STMicroelectronics Power Module Company Information
7.2.2 STMicroelectronics Power Module Product Portfolio
7.2.3 STMicroelectronics Power Module Production, Value, Price and Gross Margin (2020-2025)
7.2.4 STMicroelectronics Main Business and Markets Served
7.2.5 STMicroelectronics Recent Developments/Updates
7.3 onsemi
7.3.1 onsemi Power Module Company Information
7.3.2 onsemi Power Module Product Portfolio
7.3.3 onsemi Power Module Production, Value, Price and Gross Margin (2020-2025)
7.3.4 onsemi Main Business and Markets Served
7.3.5 onsemi Recent Developments/Updates
7.4 BYD
7.4.1 BYD Power Module Company Information
7.4.2 BYD Power Module Product Portfolio
7.4.3 BYD Power Module Production, Value, Price and Gross Margin (2020-2025)
7.4.4 BYD Main Business and Markets Served
7.4.5 BYD Recent Developments/Updates
7.5 Fuji Electric
7.5.1 Fuji Electric Power Module Company Information
7.5.2 Fuji Electric Power Module Product Portfolio
7.5.3 Fuji Electric Power Module Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Fuji Electric Main Business and Markets Served
7.5.5 Fuji Electric Recent Developments/Updates
7.6 Mitsubishi Electric
7.6.1 Mitsubishi Electric Power Module Company Information
7.6.2 Mitsubishi Electric Power Module Product Portfolio
7.6.3 Mitsubishi Electric Power Module Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Mitsubishi Electric Main Business and Markets Served
7.6.5 Mitsubishi Electric Recent Developments/Updates
7.7 Semikron Danfoss
7.7.1 Semikron Danfoss Power Module Company Information
7.7.2 Semikron Danfoss Power Module Product Portfolio
7.7.3 Semikron Danfoss Power Module Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Semikron Danfoss Main Business and Markets Served
7.7.5 Semikron Danfoss Recent Developments/Updates
7.8 Bosch
7.8.1 Bosch Power Module Company Information
7.8.2 Bosch Power Module Product Portfolio
7.8.3 Bosch Power Module Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Bosch Main Business and Markets Served
7.8.5 Bosch Recent Developments/Updates
7.9 Zhuzhou CRRC Times Electric
7.9.1 Zhuzhou CRRC Times Electric Power Module Company Information
7.9.2 Zhuzhou CRRC Times Electric Power Module Product Portfolio
7.9.3 Zhuzhou CRRC Times Electric Power Module Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Zhuzhou CRRC Times Electric Main Business and Markets Served
7.9.5 Zhuzhou CRRC Times Electric Recent Developments/Updates
7.10 StarPower Semiconductor
7.10.1 StarPower Semiconductor Power Module Company Information
7.10.2 StarPower Semiconductor Power Module Product Portfolio
7.10.3 StarPower Semiconductor Power Module Production, Value, Price and Gross Margin (2020-2025)
7.10.4 StarPower Semiconductor Main Business and Markets Served
7.10.5 StarPower Semiconductor Recent Developments/Updates
7.11 Wolfspeed
7.11.1 Wolfspeed Power Module Company Information
7.11.2 Wolfspeed Power Module Product Portfolio
7.11.3 Wolfspeed Power Module Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Wolfspeed Main Business and Markets Served
7.11.5 Wolfspeed Recent Developments/Updates
7.12 MacMic Science & Technology
7.12.1 MacMic Science & Technology Power Module Company Information
7.12.2 MacMic Science & Technology Power Module Product Portfolio
7.12.3 MacMic Science & Technology Power Module Production, Value, Price and Gross Margin (2020-2025)
7.12.4 MacMic Science & Technology Main Business and Markets Served
7.12.5 MacMic Science & Technology Recent Developments/Updates
7.13 Hangzhou Silan Microelectronics
7.13.1 Hangzhou Silan Microelectronics Power Module Company Information
7.13.2 Hangzhou Silan Microelectronics Power Module Product Portfolio
7.13.3 Hangzhou Silan Microelectronics Power Module Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Hangzhou Silan Microelectronics Main Business and Markets Served
7.13.5 Hangzhou Silan Microelectronics Recent Developments/Updates
7.14 Hitachi Power Semiconductor Device
7.14.1 Hitachi Power Semiconductor Device Power Module Company Information
7.14.2 Hitachi Power Semiconductor Device Power Module Product Portfolio
7.14.3 Hitachi Power Semiconductor Device Power Module Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Hitachi Power Semiconductor Device Main Business and Markets Served
7.14.5 Hitachi Power Semiconductor Device Recent Developments/Updates
7.15 United Nova Technology
7.15.1 United Nova Technology Power Module Company Information
7.15.2 United Nova Technology Power Module Product Portfolio
7.15.3 United Nova Technology Power Module Production, Value, Price and Gross Margin (2020-2025)
7.15.4 United Nova Technology Main Business and Markets Served
7.15.5 United Nova Technology Recent Developments/Updates
7.16 Rohm
7.16.1 Rohm Power Module Company Information
7.16.2 Rohm Power Module Product Portfolio
7.16.3 Rohm Power Module Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Rohm Main Business and Markets Served
7.16.5 Rohm Recent Developments/Updates
7.17 Microchip (Microsemi)
7.17.1 Microchip (Microsemi) Power Module Company Information
7.17.2 Microchip (Microsemi) Power Module Product Portfolio
7.17.3 Microchip (Microsemi) Power Module Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Microchip (Microsemi) Main Business and Markets Served
7.17.5 Microchip (Microsemi) Recent Developments/Updates
7.18 Guangdong AccoPower Semiconductor
7.18.1 Guangdong AccoPower Semiconductor Power Module Company Information
7.18.2 Guangdong AccoPower Semiconductor Power Module Product Portfolio
7.18.3 Guangdong AccoPower Semiconductor Power Module Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Guangdong AccoPower Semiconductor Main Business and Markets Served
7.18.5 Guangdong AccoPower Semiconductor Recent Developments/Updates
7.19 Grecon Semiconductor (Shanghai)
7.19.1 Grecon Semiconductor (Shanghai) Power Module Company Information
7.19.2 Grecon Semiconductor (Shanghai) Power Module Product Portfolio
7.19.3 Grecon Semiconductor (Shanghai) Power Module Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Grecon Semiconductor (Shanghai) Main Business and Markets Served
7.19.5 Grecon Semiconductor (Shanghai) Recent Developments/Updates
7.20 Toshiba
7.20.1 Toshiba Power Module Company Information
7.20.2 Toshiba Power Module Product Portfolio
7.20.3 Toshiba Power Module Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Toshiba Main Business and Markets Served
7.20.5 Toshiba Recent Developments/Updates
7.21 Littelfuse (IXYS)
7.21.1 Littelfuse (IXYS) Power Module Company Information
7.21.2 Littelfuse (IXYS) Power Module Product Portfolio
7.21.3 Littelfuse (IXYS) Power Module Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Littelfuse (IXYS) Main Business and Markets Served
7.21.5 Littelfuse (IXYS) Recent Developments/Updates
7.22 PN Junction Semiconductor (Hangzhou)
7.22.1 PN Junction Semiconductor (Hangzhou) Power Module Company Information
7.22.2 PN Junction Semiconductor (Hangzhou) Power Module Product Portfolio
7.22.3 PN Junction Semiconductor (Hangzhou) Power Module Production, Value, Price and Gross Margin (2020-2025)
7.22.4 PN Junction Semiconductor (Hangzhou) Main Business and Markets Served
7.22.5 PN Junction Semiconductor (Hangzhou) Recent Developments/Updates
7.23 ANHI Semiconductor
7.23.1 ANHI Semiconductor Power Module Company Information
7.23.2 ANHI Semiconductor Power Module Product Portfolio
7.23.3 ANHI Semiconductor Power Module Production, Value, Price and Gross Margin (2020-2025)
7.23.4 ANHI Semiconductor Main Business and Markets Served
7.23.5 ANHI Semiconductor Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Power Module Industry Chain Analysis
8.2 Power Module Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Power Module Production Mode & Process Analysis
8.4 Power Module Sales and Marketing
8.4.1 Power Module Sales Channels
8.4.2 Power Module Distributors
8.5 Power Module Customer Analysis
9 Power Module Market Dynamics
9.1 Power Module Industry Trends
9.2 Power Module Market Drivers
9.3 Power Module Market Challenges
9.4 Power Module Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Infineon
STMicroelectronics
onsemi
BYD
Fuji Electric
Mitsubishi Electric
Semikron Danfoss
Bosch
Zhuzhou CRRC Times Electric
StarPower Semiconductor
Wolfspeed
MacMic Science & Technology
Hangzhou Silan Microelectronics
Hitachi Power Semiconductor Device
United Nova Technology
Rohm
Microchip (Microsemi)
Guangdong AccoPower Semiconductor
Grecon Semiconductor (Shanghai)
Toshiba
Littelfuse (IXYS)
PN Junction Semiconductor (Hangzhou)
ANHI Semiconductor
听
听
*If Applicable.
