Power Modules Segmentation
By Voltage
The global power module market has been segmented on the basis of voltage into 200V to 600V, 601V to 1200V, 1201V to 3kV and more than 3kV. The 200V to 600V segment registered the largest market share of 52.12% in the year 2019 and is anticipated to register the highest CAGR of 9.06% throughout the forecast period. Additionally, the segment is anticipated to gain an incremental $ opportunity of USD 183.8 million in the year 2020 as compared to the previous year. Moreover, the segment is also anticipated to attain a market value of USD 5582.2 million by the end of 2028.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of power modules is estimated at USD 7.99 billion.
Power Modules Market size was valued at USD 7.19 billion in 2024 and is likely to cross USD 35.62 billion by 2037, expanding at more than 13.1% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is set to dominate majority revenue share of 41% by 2037, Asia Pacific industry is expected to hold largest revenue share of 41% by 2037
The major players in the market are Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Semikron Group, Infineon Technologies AG, Texas Instruments Incorporated, Dynex Semiconductor Ltd., Semiconductor Components Industries, LLC
