Intelligent Power Module Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The intelligent power module market size has grown rapidly in recent years. It will grow from $2.27 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to rise in demand for consumer electronics, expansion of electric vehicle (ev), rise in automation, increased focus on energy efficiency, data center expansion.
The intelligent power module market size is expected to see rapid growth in the next few years. It will grow to $4.48 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to 5g infrastructure deployment, growing medical devices and healthcare sector, growing telecommunications infrastructure, expansion of aerospace and defense sector. Major trends in the forecast period include integration of sic and gan technology, customized ipms for specific applications, enhanced thermal management solutions, focus on miniaturization and compact design, sustainable and eco-friendly ipms.
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Scope Of Intelligent Power Module Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Intelligent Power Module Market Overview
Market Drivers –
Rising demand for consumer electronic devices is expected to propel the growth of the intelligent power module going forward. Consumer elec+B98tronics (CE) is the term used to describe any electronic product intended for end users’ or consumers’ daily and non-commercial or professional use. IPMs are suitable for the frequency converters of drive motors and different inverters due to their ease of use and high reliability, and they are an ideal power electronic device for frequency conversion and speed adjustment, electric traction, servo drives, metallurgical machinery, and inverter appliances. For instance, in September 2021, according to an article published by GFK, a Germany-based data, and intelligence provider to the consumer goods sector, in the first half of 2021, the global consumer electronics market (excluding North America) witnessed sales increase by $42.8 billion, or 18%. Therefore, the rising demand for consumer electronic devices is driving the growth of the intelligent power module market.
The intelligent power module market covered in this report is segmented –
1) By Power Device: Insulated-Gate Bipolar Transistor (IGBT), Metal Oxide Semiconductor Field Effect Transistor (MOSFET)
2) By Voltage Rating: Up To 600 V, 601–1,200 V, Above 1,200 V
3) By Vertical: Consumer Electronics, Automotive, Industrial, Aerospace, Defense, Other Verticals
4) By Application: Renewable Energy Generation, Home Appliances, Electric Vehicles, Servo Drives, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the intelligent power module market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent power module market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the intelligent power module market include Mitsubishi Electric Corp., ON Semiconductor Corporation, Infineon Technologies AG, Fuji Electric Co. Ltd., Semikron Elektronik GmbH & Co. KG, ROHM Co. Ltd., Microchip Technology Inc., Toshiba Electronic Devices & Storage Corporation, Vincotech GmbH, Powerex Inc., Renesas Electronics Corporation, Silan Semiconductor Manufacturing Group, Power Integrations Inc., Sanken Electric Co. Ltd., Vishay Intertechnology Inc., Fairchild Semiconductor International Inc., International Rectifier Corporation, IXYS Corporation, Future Electronics Inc., Hitachi Power Semiconductor Device Ltd., SanRex Corporation, ABB Ltd., Texas Instruments Inc., STMicroelectronics N.V., Microsemi Corporation, Ideal Power Inc., TECX Inc., Design Criteria Inc., Vicor Corporation, Quail Electronics Inc., TAMURA Corporation
Table of Contents
1. Executive Summary
2. Intelligent Power Module Market Report Structure
3. Intelligent Power Module Market Trends And Strategies
4. Intelligent Power Module Market – Macro Economic Scenario
5. Intelligent Power Module Market Size And Growth
…..
27. Intelligent Power Module Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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