Press release
Power Module Packaging Market 2020 Business Insights and Global Outlook - Fuji Electric Co. Ltd, SEMIKRON, Amkor Technology Inc., Hitachi Ltd
Power Module Packaging Market
The report presents an in-depth assessment of the Global Power Module Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Power Module Packaging investments from 2020 till 2025.
The power module packaging market was valued at USD 1.68 billion in 2019, and it is expected to reach a value of USD 2.68 billion by 2025, at a CAGR of 9.79%.
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The Global Power Module Packaging market is highly competitive and consists of a number of major players. Companies, like Fuji Electric Co. Ltd, Infineon Technologies AG, Mitsubishi Electric Corporation (Powerex Inc), SEMIKRON, Amkor Technology Inc., Hitachi Ltd, STMicroelectronics N.V among others.
Scope of the Report
A power electronic module or power module acts as a physical container for the storage of several power components, usually power semiconductor devices. The market growth is driven by a reduction in wastage of energy, use of efficient distributed cooling schemes, reduction in footprint, and consequent increase in power density. Also, the growing demand for power modules in industrial and consumer electronics sector is set to drive the power module packaging market.
Latest news and developments:
January 31, 2019: Addressing the fast growing demand for Silicon Carbide (SiC) solutions, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) launches new devices in the 1200V CoolSiC MOSFET family. The CoolSiC Easy 2B power modules enable engineers to reduce system costs by increasing power density. In addition, they can also lower operational costs significantly. Owing to about 80% lower switching losses compared to silicon IGBTs, inverter efficiency levels exceeding 99% can be reached. Because of the specific SiC properties, the same or even higher switching-frequency operation can be realized. This is particularly attractive for fast switching applications such as UPS and energy storage.
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Key Market Trends:
Increasing Focus on Renewable Energy to Drive the Market Growth
- The International Renewable Energy Agency stated that at the end of 2018, global renewable generation capacity amounted to 2351 GW. It showed an increase of 7.9% compared to last year. Wind and solar energy accounted with capacities of 564 GW and 486 GW respectively.
- As power modules in renewables are used in wind turbine inverters, photovoltaic inverters, and micro-inverters, they are expected to witness an increased adoption. Power modules in PV enable the control systems to get power from the solar panels directly and ensure reliable operation. Thus, the growing adoption of solar power is likely to drive the demand for power modules. In turn, driving the power module packaging demand.
- In 2018, Sierra Club and SunPower partnered to help create a sustainable future. This alliance between SunPower and the Sierra Club further helped the Sierra Club's overall efforts to advance climate solutions and move the U.S. toward 100 percent renewable energy.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/01091745258/power-module-packaging-market-growth-trends-and-forecast-2020-2025?Source=Openpr&Mode=R15
The key insights of the Power Module Packaging Market report:
The report provides key statistics on the market status of the Power Module Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Power Module Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2025 market development trends of Power Module Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Power Module Packaging Industry before evaluating its feasibility.
Finally, Power Module Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Power Module Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Browse Related Reports:
Automotive Power Module Packaging Market:
https://www.marketinsightsreports.com/reports/01091746095/automotive-power-module-packaging-market-growth-trends-and-forecast-2020-2025/inquiry?Source=Openpr&Mode=R15
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Media Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
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