Power Electronic Substrates Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The Power Electronic Substrates Market has been evolving rapidly from 2018 to 2022, with significant advancements in material science, manufacturing techniques, and demand driven by the growing adoption of renewable energy sources and electric vehicles (EVs). During this period, the demand for power electronics substrates saw steady growth, largely due to the increasing need for efficient power conversion in applications such as motor drives, power supplies, and energy storage systems. However, as we transition into the period from 2023 to 2033, industry experts predict that the market will experience a marked shift due to emerging technologies and innovations in power electronics.
Throughout 2018 to 2022, the Power Electronic Substrates Market was primarily driven by the demand for high-performance substrates capable of handling high temperatures and voltages. Materials such as alumina, aluminum nitride (AlN), and silicon carbide (SiC) saw widespread adoption in industries like automotive, telecommunications, and renewable energy. These substrates played a crucial role in the development of more efficient power systems, helping to improve energy efficiency and reliability across various applications. Furthermore, the growing emphasis on electric vehicles and hybrid vehicles spurred the demand for advanced power electronics in automotive applications, increasing the need for high-quality power electronic substrates.
Looking ahead, the Power Electronic Substrates Market from 2023 to 2033 is expected to witness substantial growth. Key factors contributing to this expansion include the rapid advancements in semiconductor technology, the rise of 5G networks, and the global shift towards sustainable energy solutions. The demand for power electronics substrates is forecasted to increase as industries seek to reduce energy consumption and improve overall system performance. Additionally, the ongoing development of wide-bandgap semiconductors, which offer better performance at higher temperatures and voltages, will drive a shift in the materials used in power electronics substrates. This transition will likely open up new opportunities for substrates made from materials like gallium nitride (GaN) and other advanced compounds.
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Ferrotec
Kyocera
NGK Electronics Devices
Heraeus
Rogers Corporation
DOWA METALTECH Co. Ltd.
KCC
Tong Hsing
Remtec
Stellar Industries Corp
Nanjing Zhongjiang New Material Technology
Zibo Linzi Yinhe High Technology Development
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Power Electronic Substrates Market
Power Electronics
Automotive Electronics
Home Appliances
Aerospace
Others
Based on Types the Market is categorized into Below types that held the largest Power Electronic Substrates market share In 2023.
Direct Bonded Copper (DBC) Substrates
AMB (Active Metal Brazed) Substrates
Insulated Metal Substrate (IMS)
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Power Electronic Substrates Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Power Electronic Substrates Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power Electronic Substrates Market, By Type
6. Global Power Electronic Substrates Market, By Application
7. Global Power Electronic Substrates Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Power Electronic Substrates Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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