Global Intelligent Power Module Market is predicted to reach USD 3.33 billion at a CAGR of 8.05 during the forecast period

Market Research Future published a cooked research report on the global intelligent power module market.


MRFR recognizes the following companies as the key players in the Global Intelligent Power Module Market— STMicroelectronics NV, Infineon Technologies, ROHM Semiconductor, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd, ON Semiconductor, Sanken Electric Co. Ltd., and Hon Hai Precision Industry Co. Ltd.


Market Highlights


The Global Intelligent Power Module Market is accounted to register a CAGR of 8.05% during the forecast period and is estimated to reach USD 3.33 Billion by 2032.


The Global Intelligent Power Module (IPM) Market refers to the worldwide market for advanced electronic modules that integrate several power semiconductor devices, such as insulated gate bipolar transistors (IGBTs) and diodes, along with gate drivers, protection circuitry, and other functionalities. These modules are designed to control and regulate electrical power in various applications, including industrial machinery, consumer electronics, renewable energy systems, automotive, and more.


The market for Intelligent Power Modules was experiencing steady growth owing to increasing demand for energy-efficient solutions, the rapid adoption of electric vehicles, the expansion of renewable energy installations, and the continuous development of industrial automation.


Segment Analysis


The Global Intelligent Power Module Market has been segmented based on circuit configuration, power device and end user.


On the basis of circuit configuration, the market is segmented into 6-Pack, 7-Pack, Phase Bridge and Dual. The 6-pack segment dominated the market, accounting for the major market revenue over the forecast period. This is attributed to the highly compatible and adaptable nature of the 6-pack circuit configuration.


Based on power device, the market has been segmented into IGBT and MOSFET. The IGBT category generated the most income. This is due to increased demand for power management chips in electronic applications such as refrigerators and air conditioners.


Based on end user, the market has been segmented into Consumer Electronics, Automotive, Industrial, Aerospace and Defense. The automotive category generated the most income over the forecast period. This is due to increased demand for power management chips in electronic applications such as refrigerators and air conditioners.


Regional Analysis


The Global Intelligent Power Module Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Intelligent Power Module Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Intelligent Power Module Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Intelligent Power Module Market comprises of Middle East, Africa, and Latin America.


North America accounted for a significant share of the Intelligent Power Module Market. The United States, in particular, played a vital role in driving market growth due to its robust industrial base and the increasing focus on energy-efficient solutions.


Europe was another prominent market for Intelligent Power Modules, driven by factors such as the implementation of stringent environmental regulations, the rising demand for electric vehicles, and the growth of renewable energy installations.


The Asia-Pacific region was a major player in the Global Intelligent Power Module Market and showed the highest growth rate during the forecast period. This growth was fueled by the rapid industrialization and urbanization in countries like China and India, which led to increased demand for energy-efficient solutions.


Furthermore, the rest of the world's Global Intelligent Power Module Market is divided into the Middle East, Africa, and Latin America. Latin America showed considerable potential for the Intelligent Power Module Market, driven by the growing investments in infrastructure development and the adoption of energy-efficient technologies in various industries.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Intelligent Power Module Market Research Report


Key Findings of the Study



  • The Global Intelligent Power Module Market is expected to reach USD 3.33 Billion by 2032, at a CAGR of 8.05% during the forecast period.

  • The Asia-Pacific region was a major player in the Global Intelligent Power Module Market. This growth was fueled by the rapid industrialization and urbanization in countries like China and India, which led to increased demand for energy-efficient solutions.

  • Based on power device, the market has been segmented into IGBT to holding the largest market in 2022.

  • STMicroelectronics NV, Infineon Technologies, ROHM Semiconductor, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd, ON Semiconductor, Sanken Electric Co. Ltd., and Hon Hai Precision Industry Co. Ltd.

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