Scope of Automotive Power Modules Market: Industry Growth by 2032

0
29

Automotive Power Modules Market Overview:

The global Automotive Power Modules Market  is expected to register a CAGR of ~21% from 2023 to 2032 and hold a value of over USD  12.2 million by 2032.

The Automotive Power Modules Market is expected to witness steady growth as the sales of vehicles have been low from the preceding year. The power module plays an energetic role in the minimization of power losses, enhancement of battery efficiency, upsurge in power density, and extension of mileage. It is observed as an integral part of the automotive industry.

Manufacturers of power module components and automotive original equipment manufacturers (OEM) have combined hands to recover vehicle performance, safety, and efficiency. They are working together to come up with power electronics for electric supplementary components. The usage of semiconductors in power modules is vital for attaining cost competitiveness in electric vehicle applications.

Get a free sample report of Automotive Power Modules Market

Key Players

·        Mitsubishi Electric Corporation (Japan)

·        Toshiba Corporation (Japan)

·        NXP Semiconductors (Netherlands)

·        Continental AG (Germany)

·        Renesas Electronics Corporation (Japan)

·        Infineon Technologies (Germany)

·        Fuji Electric Co. (Japan)

·        Robert Bosch GmbH (Germany)

Regional Analysis

Being the fastest-emerging nation, the largest market share in the global market is held by the Asia-Pacific region due to growing sales of electric vehicles coupled with growing development in automotive infrastructure drives the market demand. Moreover, the rising demand for electrification in vehicles is another factor that generates growth opportunities in this region.

The second-largest market share in the global market is held by the North American region due to the existence of countries like the US, Canada, and Mexico that drive the market demand in this region. Moreover, growing competition among various major key players coupled with the growing investment made by the public and private sectors are some factors that generate more market demand in this region.

The third-largest market share in the global market is held by the European region due to the existence of a well-established technologically advanced infrastructure that generates more market demand for automotive vehicles in this region. Growing investment done by several major key players is yet another factor that drives the market demand in this region.

Market Segmentation

The Global Automotive Power Modules Market has been segmented into type and end-user

Based on the Module Type, The Global Automotive Power Modules Market has been segmented into the power-integrated module and intelligent power module

Based on the Vehicle Type, The Global Automotive Power Modules Market has been segmented into commercial vehicles and passenger cars.

Based on the Propulsion, The Global Automotive Power Modules Market has been segmented into electric vehicles and ICE vehicles. Electric vehicles are further sub-segmented into hybrid electric vehicles, plug-in electric vehicles, and battery electric vehicles.

More Reports

Automated Marine Debris Collection Equipment Market

Automatic Autonomous Emergency Braking Market

Automotive ABS Motor Market

Automotive Steering Wheel Market

Automotive Diesel Exhaust Fluid Market

Buscar
Categorías
Leer más
Sports
Roster Information: Aidan Chiles Commits in direction of MSU
The made the decision march of the early times of the Jonathan Smith generation proceeds, as...
Por ArkansRazorb 2024-09-18 00:56:10 0 2K
Juegos
**FIFA 25 Münzen für Xbox One sofort kaufen – Die besten Angebote für FC 25 Münzen**
FIFA 25 Münzen für Xbox One sofort kaufen – Die besten Angebote für FC 25...
Por Casey 2025-01-01 13:40:26 0 522
Inicio
Unified Communication as a Service Market Outlook: Key Takeaways for Stakeholders 2022-2030
Unified Communication as a Service (UCaaS) Market Overview -  Unified Communication as a...
Por DivakarMRFR 2024-07-17 05:37:01 0 3K
Literature
Omeprazole Sulfone Market, Comprehensive Analysis Reveals Superb Growth by Fact MR
Based on the analysis by Fact.MR, the global omeprazole sulfone market is estimated to be valued...
Por akshayg 2024-07-24 14:09:05 0 2K
Juegos
Ultimate Guide to Diablo 2 Armor Sets: Defeating Blood Raven and Crafting Chains of Honor
Ultimate Guide to Diablo 2 Armor Sets: Defeating Blood Raven and Crafting Chains of Honor...
Por Casey 2025-01-13 00:44:57 0 249