Global Power Module Packaging Market Segments by Application, Region and Market Research Report to 2022 Forecast

Global Power Module Packaging Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. The factors that propel the growth of the industry include increasing demand, rapid urbanization & industrialization, wide range of applications and product development & technological innovations.

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Power Module Packaging Market is classified on the basis of product type, applications, industrial vertical, distribution channel and geography. The market is segmented by product type as FET Module, SiC Module, GaN Module, IGBT Module, and others. Power Module Packaging Industry is classified on applications as electric vehicles, photovoltaic equipments, motors, rail tractions, wind turbines, and others. Power Module Packaging Market is categorized by industrial vertical as automatic, consumer, IT, industrial, and others.

The market is segmented by distribution channel as online stores, specialty stores and others. Power Module Packaging Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.

Some of the key players that fuel the growth of the Power Module Packaging Market include:

·         DyDac Controls,

·         Fuji Electric Co. Ltd.,

·         Mitsubishi Electric Corporation,

·         Infineon Technologies AG,

·         IXYS Corporation,

·         Star Automations,

·         SEMIKRON,

·         Texas Instruments Incorporated,

The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. 

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