Power Discrete and Modules Market Expected to Reach $35.92 Billion By 2026


quote In terms of revenue, power discrete and modules market size is growing at an unparalleled rate and is projected to continue this trend during the forecast period. Changing energy trends, rise in disposable income, surge in urbanization and industrialization, and increase in initiatives toward sustainable development are some of the primary factors that drive the growth of the power discrete and modules market share globally. quote

Ankit Prajapati
Lead Analyst, Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, "Power Discrete and Modules Market by Type, Component, Material, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global power discrete and modules market size was valued at $20.75 billion in 2018, and is projected to reach $35.92 billion by 2026, growing at a CAGR of 6.4% from 2019 to 2026. The power modules segment contributed nearly 65% of the share in 2018.

Power module or also called power electronic module is a set of power components integrated in power semiconductor devices. Power devices can attain extremely low resistance and high-frequency switching. These properties are exploited in high-efficiency power supplies, electric vehicle (EV), hybrid electric vehicle (HEV), photovoltaic inverters, and RF switching. These devices are applicable in power supplies for server, IT equipment, high-efficiency & stable power supplies, and EV & HEV devices.

Around 4.6 metric tons of carbon dioxide is emitted by vehicles every year; thereby, developing a need to adopt a sustainable form of transportation to control environmental degradation. As a result, the adequate information on controlling the carbon footprint has steered the demand for electric vehicles globally.

In 2017, there were more than 3.1 million electric cars globally, 50% more than the previous year, thus, rising the demand for power electronics components. This growing demand for power electronics components is expected to boost the growth of market share. Power discrete and modules are widely used in electric vehicles and charging stations for electric motors, controller unit, voltage converters, and inverters.

Increase in demand for power electronics across various industry verticals, growing concern on power saving, and rise in demand for electric vehicles are the major factors that drive the growth of the power discrete and modules market. In addition, increase in industrialization demanding efficient electronics devices and equipment and rise in disposable income leading to high demand for consumer electronics fuel the growth of the power discrete and modules industry.

However, lack of availability of GaN material is estimated to hamper the market. Furthermore, increase in technological advancement of power MOSFET and rise in governmental initiatives in HVDC and smart grids are anticipated to generate new power discrete and modules market opportunities.

In 2018, IGBT product type of power modules contributed over 40% share in the power discrete and modules market, and is expected to maintain its dominant position throughout the power discrete and modules market analysis period, owing to its capability to handle large collector-emitter currents with virtually zero gate current drive and high switching speeds. The growing demand for IGBT for various consumer electronics and industrial applications is propelling the growth of the power discrete and modules market.

Power module type segment dominated with over 65% share in 2018. A power module consists of multiple semiconductor chips mounted on an isolated substrate, which is mounted on a heat sinking copper base plate. It is gaining popularity globally, owing to unmatched efficiency and durability.

Low-power consumption and light-weight design of power electronics boost the adoption of power modules in applications such as welding systems and other industrial systems. Asia-Pacific is the leading region, owing to the high adoption of power modules in energy and power sector for faster switching. However, the escalation of consumer electronics products is anticipated to fuel the adoption of power discrete and modules.

Key Findings of the Study:

  • In terms of revenue, IGBT contributed the maximum market share in 2018, and is expected to maintain its lead throughout the forecast period.
  • SiC is expected to grow at the highest CAGR during the forecast period.
  • In 2018, the power modules type segment held nearly two-third of the power discrete and modules market share, which was the highest among all the types.
  • In 2018, Asia-Pacific accounted for more than half of the total power discrete and modules market growth globally and is expected to dominate the market in the future.

Based on region, the global power discrete and modules market trends are analyzed across North America Europe, Asia-Pacific, and LAMEA. In 2018, in terms of revenue, Asia-Pacific accounted for more than half of the market, and is expected to retain its dominant position, owing to the presence of well-established companies, government initiatives, and rise in demand for power electronics devices.

The key players operating in the market include Infineon Technologies AG, Mitsubishi Electric Corporation, Toshiba Corporation, ON Semiconductor, STMicroelectronics, NXP Semiconductors, Renesas Electronics Corporation, Texas Instruments, ROHM Semiconductors, and Semtech Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com


For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Power Discrete and Modules Market By Type (Power Discrete and Power Module), Component (Thyristor, Diodes, Rectifier, MOSFET, IGBT, and Others), Material (SiC, GaN, and Others), and Industry Vertical (Telecommunication, Industrial, Automotive, Renewable, Consumer & Enterprise, Military, Defense & Aerospace, and Medical): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

View Report

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Power Discrete and Modules Market"
Purchase Enquiry