Power Integrated Modules Market to Reach USD 5,774 Million, Globally by 2032 at 12.6% CAGR: Future Market Insights, Inc.

Power Integrated Modules Market

power integrated modules market is a physical containment for various power components, mostly power semiconductor devices. These power semiconductors are usually sintered or soldered on a power electronic substrate. The global power integrated modules market is forecasted to be appraised at USD 5,774 Million by 2032, up from USD 1,765 Million in 2022, advancing at a CAGR of 12.6% during the forecast period.

The increase in demand for energy requirement is the major factor driving the growth of the market. Also, the demand for consumer products such as washing machine, refrigerators, and others are increasing at a rapid pace globally, thus anticipated to boost the global power integrated market during the forecast period.

The increase in application for power-integrated modules is the key factor attributing the growth of the market. Power-integrated modules are used in laptops, tablets, therefore increase in demand for laptops and tablets for B2C and the B2B market is expected to drive the power-integrated market in forthcoming years.

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Regional Trend:

Asia Pacific is expected to dominate the power-integrated modules market, owing to the surge in demand for consumer goods such as refrigerators, air conditioners, and washing machines. Also, Asia Pacific countries such as China and India are witnessing an increase in energy requirements, which is the other reason propelling the growth of the power integrated module market.

Economic production and government initiatives for manufacturing sectors such as Make in India, are the major factors driving the growth of the manufacturing sector, which is making the Asia Pacific region emerge as a strong manufacturing hub.

In addition to the above, a robust manufacturing hub in Asia Pacific region coupled with a wide presence of major players for manufacturing consumer goods are boosting the growth of the power integrated module market during the forecast period.

Leading Key Players:

The major player operating in the power integrated modules market includes Future Electronics, Mitsubishi Electric Corp., ON Semiconductor Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG., VPT, Inc., Applied Power Systems, Inc., Lectron Industries, COSEL ASIA LTD., STMicroelectronics N.V., Renesas Electronics Corporation, Texas Instruments Inc., Sensitron Semiconductor, Sanken Electric, ROHM Semiconductor, Hirata Corporation, Schneider Electric Co. Ltd., Robert Bosch GmbH, Continental AG., NXP Semiconductors, Toshiba Corporation, Powerex Inc., Microchip Technology Inc., SEMIKRON Elektronik GmbH & Co. KG, etc.

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Key Segments

By Type:

  • Output Power
  • Output Current
  • Output/Input Voltage
  • Packaging Type
  • Dimensions

By Device:

  • IGBT
  • MOSFET

By Application:

  • Embedded Computing
  • Controllers
  • Processors
  • SAN/NAS Accelerator
  • Appliance
  • Network Processors
  • Noise Sensitive Applications

By Region:

  • North America
  • Latin America
  • Middle East and Africa
  • Asia Pacific
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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