Power Module Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (Posted by Statzy Market Research on April 10th, 2021 Currently people are exploiting sustainable and clean energy to mitigate the global crisis of fossil energy. Thus, the demand for sustainable energy is increasing. So, with the global interests and efforts to popularize hybrid electric vehicle (HEV) and electric vehicle (EV), the automotive module has seen steep growth. In turn, driving the power module packaging market. - For instance, in January 2018, Mitsubishi Electric Corporation announced that it has developed a 6.5 kV full silicon carbide (SiC) power semiconductor module that is believed to offer the highest power density among other power semiconductors modules rated from 1.7 kV to 6.5 kV. - Additionally, the growing dependence on automation and power electronics across various industries has made the need for backup power protection more crucial, to ensure no disruptions in the business model, which is expected to boost the adoption of UPS systems at a healthy rate, further driving the demand for power modules. - However, common failure in a power module caused by thermal cycling and mismatch of coefficient of thermal expansion (CTE) result in layers to detach one from the other, thus restraining the market. - As power modules in renewables are used in wind turbine inverters, photovoltaic inverters, and micro-inverters, they are expected to witness an increased adoption. Power modules in PV enable the control systems to get power from the solar panels directly and ensure reliable operation. Thus, the growing adoption of solar power is likely to drive the demand for power modules. In turn, this is driving the power module packaging demand. - In 2018, Sierra Club and SunPower partnered to help create a sustainable future. This alliance between SunPower and the Sierra Club further helped the Sierra Club's overall efforts to advance climate solutions and move the US toward 100% renewable energy. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497301/power-module-packaging-market - Renewable capacity expansion continues to be driven mostly by new installations of solar and wind energy. These accounted for 84% of all new capacity installed in 2018. China continued to account for most expansion in wind energy, with increases of 20 GW. Meanwhile India expanded for more than 1 GW in 2018. - On the same time, the increasing industrialization and the booming urban population in the region are expected to boost car ownership. The governments of countries, like China and India, where the pollution is rampant, are taking actions to reduce the pollution issue, thereby resulting in the rise in sales of the alternative fuel engines and green vehicles, such as the micro, mild, and full-hybrid vehicles. For sample report please visit : https://www.statzyreports.com/report/sr497301/power-module-packaging-market Like it? Share it! More by this author |