Yole Développement (Yole) power electronics team’s presents this year an optimistic analysis of the power electronics industry. The power device market is showing a comfortable 13.9% growth between 2018, compared to 2017. The market research & strategy consulting company points out a second consecutive high-growth year in this industry, after a couple of flat years…
Without doubt, both markets, power module and power module packaging take benefit of this momentum.
- As a key element in power converters and inverters, the power module market should reach about US$6 billion by 2024 with 6.6% CAGR between 2018 and 2024.
- In parallel, Yole announces a US$2.2 billion power module packaging market in 2024, in its latest power electronics report, Status of the Power Module Packaging Industry.
Beyond market figures, the most important point is probably the continuous growth showed by the EV/HEV sector. Electrification of the automotive industry directly impacts the market of power modules and related packaging… Full article
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