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Power modules to comprise 1/3 of global power chip market

Posted: 10 Sep 2015     Print Version  Bookmark and Share

Keywords:IHS  power module  power discrete  Infineon  STMicrosystems 

According to the latest report from IHS, the global power module market is estimated to comprise nearly one third (30 per cent) 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 seen to rise to five per cent in 2015 to reach $17 billion. In 2014, YoY power discrete revenue grew five per cent and power module revenue grew 12 per cent, added the market research firm.

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."

Power semiconductor revenue

"Standardised discrete power semiconductors have become commoditised 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 per cent. Mitsubishi ranked second, at seven per cent. STMicrosystems moved up to the third market position, displacing Toshiba, with an estimated market share of six per cent.

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 per cent 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 per cent for 2013 and 2014. Infineon maintained the second-ranked position at 20 per cent. The top four power module suppliers, Mitsubishi, Infineon, Semikron and Fuji Electric, accounted for 65 per cent of the global power module market in 2014.

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