Opportunities in the power modules market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the power modules market is expected to reach $12.4 billion by 2025 with a CAGR of 16.6%. In this market, an insulated gate bipolar transistor (IGBTs) is the largest segment by product type, whereas transportation is largest by end use industry. Players can benefit from the available opportunities like growth of the electric vehicles and solar photovoltaic industries.
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Infineon, Fuji Electronics, Semikron, STMicroelectronics, and Mitsubishi Electric Corporation, and others are some of the companies profiled in this report.
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