Smart Power Module Market is
anticipated to witness an exponential growth in the forecast period. Factors
such as acceptance of intelligent power module in the market, developing
economies emphasizing on improvements in their infrastructure, technological
advancement, rising disposable income, huge investments in water &
wastewater amenities, roads, power plants, and airport services are likely to
drive the market in forthcoming period.
On the other hand, design-related challenges associated with
SiC-based intelligent power modules and slow acceptance of new technologies are
anticipated to hinder smart power module market growth in the future. However,
surge in the automotive industry is likely to create lucrative opportunities
for the market.
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Market Segment:
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• IGBT Based
• MOSFET Based
• Other
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Smart Power Module for each application, including
• Industrial Drives
• Consumer
• Automotive
• Renewables
• Traction
• Other
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Globally, market is anticipated to expand at a significant
CAGR in the upcoming period as the scope, product types, and its applications
are increasing across the globe. The market could be explored by current
rating, voltage rating, circuit configuration, vertical, power device,
application and geography. Smart power module market could be explored by
voltage rating as 1,200V, Up to 600V and Above 1,200V.
The smart power module market could be explored based on
power device as IGBT-Based IPM and MOSFET-Based IPM. The “IGBT-based” segment
accounted for a prominent share in the market owing to advantages of the
low-loss high-speed IGBTs with optimized and protection gate drive circuitries.
Key players operating in the smart power module market
include Infineon Technologies AG, Mitsubishi Electric Corp, Fuji Electric Co.
Ltd, Semikron, Fairchild Semiconductors, ROHM Co., Ltd, Future Electronics
Inc., Vincotech GmbH, ST Microelectronics N.V., ON Semiconductor Corporation
and Powerex Inc. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
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