IMARC Group, a leading market research company, has recently releases report titled “Intelligent Power Module (IPM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global intelligent power module (IPM) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the intelligent power module (IPM) market?
The global intelligent power module (IPM) market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.01 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.
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What is an intelligent power module (IPM)?
An intelligent power module (IPM) is a highly integrated and complex power module widely used in data centers and other computer systems to optimize the distribution and utilization of electrical power. It comprises high- and low-speed insulated gate bipolar transistors (IGBTs) and diode power devices with integrated gate drives and protection housings. It offers various features such as voltage regulation, current limiting, temperature monitoring, and load distribution, enabling control over the voltage supply. As a result, IPM finds extensive applications in consumer electronics, servo drives, and renewable energy plants across the globe to enhance circuit protection, facilitate smart load shedding, and minimize system redundancy and downtime.
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What are the growth prospects and trends in the intelligent power module (IPM) industry?
The global intelligent power module (IPM) market is primarily driven by the increasing demand for energy-efficient consumer electronics due to the growing environmental consciousness among individuals. Moreover, the integration of IPMs with consumer electronics to enhance their overall performance is positively influencing market growth. Additionally, the introduction of innovative IPMs embedded with artificial intelligence (AI) systems that provide real-time network simulation and performance analysis to end-users has catalyzed market growth. Furthermore, the rising use of IPMs in electric and hybrid vehicles, as it helps reduce carbon emissions and improve energy efficiency, is contributing to the market growth. Other factors, including the widespread availability of high-speed internet connectivity, rapid digitization, and inflating consumer disposable incomes, are also anticipated to propel the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Voltage Rating:
- Upto 600V
- 601V-1200V
- More than 1200V
Breakup by Current Rating:
- Upto 100A
- 101A-600A
- Above 600A
Breakup by Circuit Configuration:
- 6-PAC
- 7-PAC
- Others
Breakup by Power Device:
- IGBT
- MOSFET
Breakup by Application:
- Consumer Electronics
- Servo Drives
- Transportation
- Renewable Energy
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Fuji Electric Co. Ltd.
- Future Electronics Inc.
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- ON Semiconductor Corporation
- ROHM Co. Ltd
- Sanken Electric Co. Ltd
- SEMIKRON Elektronik GmbH & Co. KG
- STMicroelectronics N.V.
- Texas Instruments Incorporated.
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