PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279793
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279793
The global Power Module Packaging Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. A power electronic module, also known as a power module, serves as a physical container for storing several power components, most commonly power semiconductor devices.
The Power Module Packaging market is expanding because of factors such as the rising demand for the consumer electronics segment and growing demand from the industrial segment in the forecast period
According to Indian Brand Equity Foundation in 2021, the production of consumer electronics is rising from USD 29 billion to USD 67 billion during 2015-2021. It includes IT hardware & components, smartphones, semiconductor and design, and so on. Whereas rising government focus on renewable energy and technological advancement and innovations create lucrative opportunities for the market. Furthermore, Global renewable energy generating capacity was 2,351 GW in 2018, according to the International Renewable Energy Agency. When compared to the previous year, it showed an increase of 7.9%. The capacity of wind and solar energy were 564 GW and 486 GW, respectively. However, slow adoption of new technologies derailing innovations hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Power Module Packaging Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing industrialization and growing urbanization. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing government regulations towards adoption of renewable energies, penetration of market players and growth activities.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable