Selected research
Market Analysis & Forecast
Global Power Electronic Substrates Market Analysis and Forecast 2026-2032
Market perspective
Global Power Electronic Substrates key players include Kyocera, Rogers Corporation, Tong Hsing, Heraeus Electronics, Denka, etc.
Asia-Pacific is the largest market, with a share about 45%, followed by North America, and Europe, both have a share about 23 percent.
In terms of product, DBC is the largest segment, with a share over 50%. And in terms of application, the largest application is Consumer Electronics.
Read the full market overview
This report presents an overview of global market for Power Electronic Substrates, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Power Electronic Substrates, also provides the consumption of main regions and countries. Of the upcoming market potential for Power Electronic Substrates, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Power Electronic Substrates sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Power Electronic Substrates market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Power Electronic Substrates sales, projected growth trends, production technology, application and end-user industry.
Power Electronic Substrates Segment by Company
Kyocera
Rogers Corporation
Tong Hsing
Heraeus Electronics
Denka
KCC
DOWA
Nanjing Zhongjiang New Material Science & Technology
Amogreentech
Ferrotec
NGK Electronics Devices
Stellar Industries Corp
Remtec
Zibo Linzi Yinhe High-Tech Development
Power Electronic Substrates Segment by Type
DBC
AMB
IMS
Others
Power Electronic Substrates Segment by Application
Consumer Electronics
Automotive
Energy
Industrial Equipment
Others
Power Electronic Substrates Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Electronic Substrates market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Power Electronic Substrates and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Electronic Substrates.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Power Electronic Substrates production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Power Electronic Substrates in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Power Electronic Substrates manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Power Electronic Substrates sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- DBC
- AMB
- IMS
- Others
Applications
- Consumer Electronics
- Automotive
- Energy
- Industrial Equipment
- Others
Companies covered
- Kyocera
- Rogers Corporation
- Tong Hsing
- Heraeus Electronics
- Denka
- KCC
- DOWA
- Nanjing Zhongjiang New Material Science & Technology
- Amogreentech
- Ferrotec
- NGK Electronics Devices
- Stellar Industries Corp
- Remtec
- Zibo Linzi Yinhe High-Tech Development
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Power Electronic Substrates Market by Type
- 1.2.1 Global Power Electronic Substrates Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 DBC
- 1.2.3 AMB
- 1.2.4 IMS
- 1.2.5 Others
- 1.3 Power Electronic Substrates Market by Application
- 1.3.1 Global Power Electronic Substrates Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Consumer Electronics
- 1.3.3 Automotive
- 1.3.4 Energy
- 1.3.5 Industrial Equipment
- 1.3.6 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Power Electronic Substrates Market Dynamics
- 2.1 Power Electronic Substrates Industry Trends
- 2.2 Power Electronic Substrates Industry Drivers
- 2.3 Power Electronic Substrates Industry Opportunities and Challenges
- 2.4 Power Electronic Substrates Industry Restraints
3 Global Power Electronic Substrates Production Overview
- 3.1 Global Power Electronic Substrates Production Capacity (2021-2032)
- 3.2 Global Power Electronic Substrates Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Power Electronic Substrates Production by Region
- 3.3.1 Global Power Electronic Substrates Production by Region (2021-2026)
- 3.3.2 Global Power Electronic Substrates Production by Region (2027-2032)
- 3.3.3 Global Power Electronic Substrates Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
- 3.8 South Korea
4 Global Market Growth Prospects
- 4.1 Global Power Electronic Substrates Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Power Electronic Substrates Revenue by Region
- 4.2.1 Global Power Electronic Substrates Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Power Electronic Substrates Revenue by Region (2021-2026)
- 4.2.3 Global Power Electronic Substrates Revenue by Region (2027-2032)
- 4.2.4 Global Power Electronic Substrates Revenue Market Share by Region (2021-2032)
- 4.3 Global Power Electronic Substrates Sales Estimates and Forecasts 2021-2032
- 4.4 Global Power Electronic Substrates Sales by Region
- 4.4.1 Global Power Electronic Substrates Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Power Electronic Substrates Sales by Region (2021-2026)
- 4.4.3 Global Power Electronic Substrates Sales by Region (2027-2032)
- 4.4.4 Global Power Electronic Substrates Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Power Electronic Substrates Revenue by Manufacturers
- 5.1.1 Global Power Electronic Substrates Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Power Electronic Substrates Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Power Electronic Substrates Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Power Electronic Substrates Sales by Manufacturers
- 5.2.1 Global Power Electronic Substrates Sales by Manufacturers (2021-2026)
- 5.2.2 Global Power Electronic Substrates Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Power Electronic Substrates Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Power Electronic Substrates Sales Price by Manufacturers (2021-2026)
- 5.4 Global Power Electronic Substrates Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Power Electronic Substrates Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Power Electronic Substrates Manufacturers, Product Type & Application
- 5.7 Global Power Electronic Substrates Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Power Electronic Substrates Market CR5 and HHI
- 5.8.2 2025 Power Electronic Substrates Tier 1, Tier 2, and Tier 3
6 Power Electronic Substrates Market by Type
- 6.1 Global Power Electronic Substrates Revenue by Type
- 6.1.1 Global Power Electronic Substrates Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Power Electronic Substrates Revenue Market Share by Type (2021-2032)
- 6.2 Global Power Electronic Substrates Sales by Type
- 6.2.1 Global Power Electronic Substrates Sales by Type (2021-2032) & (K Sqm)
- 6.2.2 Global Power Electronic Substrates Sales Market Share by Type (2021-2032)
- 6.3 Global Power Electronic Substrates Price by Type
7 Power Electronic Substrates Market by Application
- 7.1 Global Power Electronic Substrates Revenue by Application
- 7.1.1 Global Power Electronic Substrates Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Power Electronic Substrates Revenue Market Share by Application (2021-2032)
- 7.2 Global Power Electronic Substrates Sales by Application
- 7.2.1 Global Power Electronic Substrates Sales by Application (2021-2032) & (K Sqm)
- 7.2.2 Global Power Electronic Substrates Sales Market Share by Application (2021-2032)
- 7.3 Global Power Electronic Substrates Price by Application
8 Company Profiles
- 8.1 Kyocera
- 8.1.1 Kyocera Company Information
- 8.1.2 Kyocera Business Overview
- 8.1.3 Kyocera Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 Kyocera Power Electronic Substrates Product Portfolio
- 8.1.5 Kyocera Recent Developments
- 8.2 Rogers Corporation
- 8.2.1 Rogers Corporation Company Information
- 8.2.2 Rogers Corporation Business Overview
- 8.2.3 Rogers Corporation Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Rogers Corporation Power Electronic Substrates Product Portfolio
- 8.2.5 Rogers Corporation Recent Developments
- 8.3 Tong Hsing
- 8.3.1 Tong Hsing Company Information
- 8.3.2 Tong Hsing Business Overview
- 8.3.3 Tong Hsing Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Tong Hsing Power Electronic Substrates Product Portfolio
- 8.3.5 Tong Hsing Recent Developments
- 8.4 Heraeus Electronics
- 8.4.1 Heraeus Electronics Company Information
- 8.4.2 Heraeus Electronics Business Overview
- 8.4.3 Heraeus Electronics Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Heraeus Electronics Power Electronic Substrates Product Portfolio
- 8.4.5 Heraeus Electronics Recent Developments
- 8.5 Denka
- 8.5.1 Denka Company Information
- 8.5.2 Denka Business Overview
- 8.5.3 Denka Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Denka Power Electronic Substrates Product Portfolio
- 8.5.5 Denka Recent Developments
- 8.6 KCC
- 8.6.1 KCC Company Information
- 8.6.2 KCC Business Overview
- 8.6.3 KCC Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 KCC Power Electronic Substrates Product Portfolio
- 8.6.5 KCC Recent Developments
- 8.7 DOWA
- 8.7.1 DOWA Company Information
- 8.7.2 DOWA Business Overview
- 8.7.3 DOWA Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 DOWA Power Electronic Substrates Product Portfolio
- 8.7.5 DOWA Recent Developments
- 8.8 Nanjing Zhongjiang New Material Science & Technology
- 8.8.1 Nanjing Zhongjiang New Material Science & Technology Company Information
- 8.8.2 Nanjing Zhongjiang New Material Science & Technology Business Overview
- 8.8.3 Nanjing Zhongjiang New Material Science & Technology Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 Nanjing Zhongjiang New Material Science & Technology Power Electronic Substrates Product Portfolio
- 8.8.5 Nanjing Zhongjiang New Material Science & Technology Recent Developments
- 8.9 Amogreentech
- 8.9.1 Amogreentech Company Information
- 8.9.2 Amogreentech Business Overview
- 8.9.3 Amogreentech Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Amogreentech Power Electronic Substrates Product Portfolio
- 8.9.5 Amogreentech Recent Developments
- 8.10 Ferrotec
- 8.10.1 Ferrotec Company Information
- 8.10.2 Ferrotec Business Overview
- 8.10.3 Ferrotec Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.10.4 Ferrotec Power Electronic Substrates Product Portfolio
- 8.10.5 Ferrotec Recent Developments
- 8.11 NGK Electronics Devices
- 8.11.1 NGK Electronics Devices Company Information
- 8.11.2 NGK Electronics Devices Business Overview
- 8.11.3 NGK Electronics Devices Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.11.4 NGK Electronics Devices Power Electronic Substrates Product Portfolio
- 8.11.5 NGK Electronics Devices Recent Developments
- 8.12 Stellar Industries Corp
- 8.12.1 Stellar Industries Corp Company Information
- 8.12.2 Stellar Industries Corp Business Overview
- 8.12.3 Stellar Industries Corp Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.12.4 Stellar Industries Corp Power Electronic Substrates Product Portfolio
- 8.12.5 Stellar Industries Corp Recent Developments
- 8.13 Remtec
- 8.13.1 Remtec Company Information
- 8.13.2 Remtec Business Overview
- 8.13.3 Remtec Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.13.4 Remtec Power Electronic Substrates Product Portfolio
- 8.13.5 Remtec Recent Developments
- 8.14 Zibo Linzi Yinhe High-Tech Development
- 8.14.1 Zibo Linzi Yinhe High-Tech Development Company Information
- 8.14.2 Zibo Linzi Yinhe High-Tech Development Business Overview
- 8.14.3 Zibo Linzi Yinhe High-Tech Development Power Electronic Substrates Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.14.4 Zibo Linzi Yinhe High-Tech Development Power Electronic Substrates Product Portfolio
- 8.14.5 Zibo Linzi Yinhe High-Tech Development Recent Developments
9 North America
- 9.1 North America Power Electronic Substrates Market Size by Type
- 9.1.1 North America Power Electronic Substrates Revenue by Type (2021-2032)
- 9.1.2 North America Power Electronic Substrates Sales by Type (2021-2032)
- 9.1.3 North America Power Electronic Substrates Price by Type (2021-2032)
- 9.2 North America Power Electronic Substrates Market Size by Application
- 9.2.1 North America Power Electronic Substrates Revenue by Application (2021-2032)
- 9.2.2 North America Power Electronic Substrates Sales by Application (2021-2032)
- 9.2.3 North America Power Electronic Substrates Price by Application (2021-2032)
- 9.3 North America Power Electronic Substrates Market Size by Country
- 9.3.1 North America Power Electronic Substrates Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Power Electronic Substrates Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Power Electronic Substrates Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Power Electronic Substrates Market Size by Type
- 10.1.1 Europe Power Electronic Substrates Revenue by Type (2021-2032)
- 10.1.2 Europe Power Electronic Substrates Sales by Type (2021-2032)
- 10.1.3 Europe Power Electronic Substrates Price by Type (2021-2032)
- 10.2 Europe Power Electronic Substrates Market Size by Application
- 10.2.1 Europe Power Electronic Substrates Revenue by Application (2021-2032)
- 10.2.2 Europe Power Electronic Substrates Sales by Application (2021-2032)
- 10.2.3 Europe Power Electronic Substrates Price by Application (2021-2032)
- 10.3 Europe Power Electronic Substrates Market Size by Country
- 10.3.1 Europe Power Electronic Substrates Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Power Electronic Substrates Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Power Electronic Substrates Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Power Electronic Substrates Market Size by Type
- 11.1.1 China Power Electronic Substrates Revenue by Type (2021-2032)
- 11.1.2 China Power Electronic Substrates Sales by Type (2021-2032)
- 11.1.3 China Power Electronic Substrates Price by Type (2021-2032)
- 11.2 China Power Electronic Substrates Market Size by Application
- 11.2.1 China Power Electronic Substrates Revenue by Application (2021-2032)
- 11.2.2 China Power Electronic Substrates Sales by Application (2021-2032)
- 11.2.3 China Power Electronic Substrates Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Power Electronic Substrates Market Size by Type
- 12.1.1 Asia Power Electronic Substrates Revenue by Type (2021-2032)
- 12.1.2 Asia Power Electronic Substrates Sales by Type (2021-2032)
- 12.1.3 Asia Power Electronic Substrates Price by Type (2021-2032)
- 12.2 Asia Power Electronic Substrates Market Size by Application
- 12.2.1 Asia Power Electronic Substrates Revenue by Application (2021-2032)
- 12.2.2 Asia Power Electronic Substrates Sales by Application (2021-2032)
- 12.2.3 Asia Power Electronic Substrates Price by Application (2021-2032)
- 12.3 Asia Power Electronic Substrates Market Size by Country
- 12.3.1 Asia Power Electronic Substrates Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Power Electronic Substrates Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Power Electronic Substrates Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Power Electronic Substrates Market Size by Type
- 13.1.1 SAMEA Power Electronic Substrates Revenue by Type (2021-2032)
- 13.1.2 SAMEA Power Electronic Substrates Sales by Type (2021-2032)
- 13.1.3 SAMEA Power Electronic Substrates Price by Type (2021-2032)
- 13.2 SAMEA Power Electronic Substrates Market Size by Application
- 13.2.1 SAMEA Power Electronic Substrates Revenue by Application (2021-2032)
- 13.2.2 SAMEA Power Electronic Substrates Sales by Application (2021-2032)
- 13.2.3 SAMEA Power Electronic Substrates Price by Application (2021-2032)
- 13.3 SAMEA Power Electronic Substrates Market Size by Country
- 13.3.1 SAMEA Power Electronic Substrates Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Power Electronic Substrates Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Power Electronic Substrates Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Power Electronic Substrates Value Chain Analysis
- 14.1.1 Power Electronic Substrates Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Power Electronic Substrates Production Mode & Process
- 14.2 Power Electronic Substrates Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Power Electronic Substrates Distributors
- 14.2.3 Power Electronic Substrates Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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