Power Module Market to Reach $17B in 2015
September 9, 2015 | IHSEstimated reading time: 2 minutes
The global power module market is projected to comprise nearly one third (30 percent) of the power semiconductor market by 2019, growing at twice the rate of power discretes, from 2014 to 2019. The overall power semiconductor market, including both power discretes and power modules, is predicted to grow 5 percent in 2015 to reach $17 billion. In 2014, year-over-year power discrete revenue grew 5 percent and power module revenue grew 12 percent, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
Power modules contain multiple discrete power semiconductor devices. Compared to discrete power semiconductors, power module packages provide higher power density and more reliability, according to the latest Power Semiconductor Discretes and Modules Report from IHS Technology.
“OEMs will continue to want modular power solutions, which can be integrated easily into various subsystems and used in many different devices,” said Richard Eden, senior analyst of the semiconductor value chain for IHS Technology. “Power modules are widely found in inverters for wind converters, photovoltaic solar energy systems and other renewable energy applications. They are also found in industrial motor drives and hybrid and electric vehicles.”
“Standardized discrete power semiconductors have become commoditized with little differentiation,” said Victoria Fodale, senior analyst of the semiconductor value chain for IHS Technology. “OEMs and ODMs typically multisource discrete products through distributors. Suppliers will continue to face challenges, when it comes to increasing profit in commodity segments of the power discrete market.”
Supplier M&A causes market share shakeup
Infineon continued to be the largest supplier for the global power semiconductor market in 2014, with an estimated market share of 13 percent. Mitsubishi ranked second, at 7 percent. STMicrosystems moved up to the third market position, displacing Toshiba, with an estimated market share of 6 percent.
With the acquisition of International Rectifier (IR) by Infineon last year, the market landscape for power semiconductors is changing. The merged companies held almost 27 percent of the power transistor market in 2014. The transistor product category includes bipolar transistors, metal-oxide semiconductor field-effect transistors (MOSFETs), and insulated-gate bipolar transistor (IGBT) products, accounting for about two thirds of the total discrete power semiconductor market.
Mitsubishi Electric was the largest supplier for power modules in 2014, although the company’s estimated share of the market remained at 24 percent for 2013 and 2014. Infineon maintained the second-ranked position at 20 percent. The top four power module suppliers – Mitsubishi, Infineon, Semikron and Fuji Electric – accounted for 65 percent of the global power module market in 2014.
About IHS
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
Suggested Items
Commercial Demand Continues to Be the Main Driver of Personal Computing Device Shipments into the GCC Region
03/26/2024 | IDCThe Gulf Cooperation Council (GCC) personal computing device (PCD) market, which is made up of desktops, notebooks, and workstations, declined 4.0% year on year in 2023, with high inventory levels and reduced consumer spending the primary causes.
Suppliers Aim to Raise Contract Prices, But With Uncertain Demand, 2Q24 DRAM Price Increase Expected to Narrow to 3–8%
03/26/2024 | TrendForceTrendForce’s latest report reveals that despite DRAM suppliers’ efforts to trim inventories, they have yet to reach healthy ranges. As they continue to improve their lose situations by boosting capacity utilization rates, the overall demand outlook for this year remains tepid.
LPKF Reports Strategic Successes and Narrowly Achieves Forecast for 2023 Financial Year
03/26/2024 | LPKFLPKF Laser & Electronics SE generated revenue of EUR 124.3 million in the financial year (previous year: EUR 123.7 million) and earnings before interest and tax (EBIT) of EUR 3.7 million (previous year: EUR 6.8 million), putting the EBIT margin at 3.0% (previous year: 5.5%).
Arlon EMD and EMC Announce Expansion in California
03/25/2024 | Arlon EMDArlon EMD, a division of Elite Materials Company (EMC), announces a factory expansion at the Rancho Cucamonga, CA location. Arlon is a global leader in high performance thermoset substrates for mission critical printed circuit boards manufactured for high endurance and long-life programs. Arlon has a 45-year history of manufacturing specialty materials for the Aerospace, Industrial and Military (AIM) markets.
Intraratio Enhances MES + Yield / IoT Management with New Advanced Manufacturing Analytics
03/22/2024 | IntraratioIntraratio announced AICard, which harnesses the power of artificial intelligence and machine learning to empower manufacturers to make informed decisions quickly and accurately regarding product quality and manufacturing line performance and optimization.