Intelligent Power Module Market Research Report - Global Forecast till 2027

Intelligent Power Module Market Research Report: by Voltage Rating (Up to 600V, 601-1200V, and More Than 1200V) by Current Rating (Up to 100A, 101-600A, and More Than 600A), by Circuit Configuration (6-Pack, 7-Pack, Phase Bridge, and Dual), By Power Device (IGBT and MOSFET), by Application (Consumer Electronics, Automotive, Renewable Energy and others) and by Region - Forecast till 2027

ID: MRFR/SEM/4425-CR | July 2019 | Region: Global | 128 Pages         

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Intelligent Power Modules Market

The Global Intelligent Power Module Market is projected to exhibit a CAGR of 9.28% during the forecast period. This substantial growth will let the market value be USD 3,102.5 million by 2027.

$3,102.5 million

Market Size

9.28%

CAGR

Asia Pacific

Dominating Region

2020-2027

Forecast Period
Segmentation
By Voltage Rating Up to 600V 601V-1200V More than 1200V
By Current Rating Up to 100A 101A-600A More than 600A
By Circuit Configuration 6-pack 7-pack Phase bridge dual
By Power Devices IGBT MOSFET
By Verticals Consumer electronics Automotive Industrial Aerospace Defense
Key Players
Companies Profiled •  STMicroelectronics NV (Switzerland) •   ROHM Semiconductors (Japan) •   Infineon Technologies (Germany) •   Texas Instruments Incorporated (US) •   Mitsubishi Electric Corporation (Japan) •   ON Semiconductor (US) •   Fuji Electric Co. Ltd (Japan) •   Hon Hai Precision Industry Co. •   Ltd (Taiwan) •   and Sanken Electric Co. Ltd (Japan)
Drivers
Market Driving Forces •  Rising demand of consumer electronic devices. The growing trend of renewable energy resources. Increasing adoption of electric and hybrid vehicles.
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Intelligent Power Module Market Size and Overview:


Globally, the size of intelligent power module market is expected to rise at a CAGR of 9.28%, with a value of USD 3102.5 Million over 2020-2027 driven by increasing demand for renewable energy consumption such as sunlight and wind, the increasing use of IPM in consumer electronics devices, increasing adoption of hybrid and electric vehicles.The trends in the personal computing industry like smaller system sizes, faster processors, and the need to support advanced applications are expected to promote the growth of the market studied. As the products are being deployed, several changes can be incorporated in implementing the intelligent power module to accommodate the changes in design or basic structure. The flexibility of the systems can be provided by using the SMBus and the PMBus, which is not possible with the traditional analogue power modules.


The compact designs of the products can also be made possible with the use of intelligent power modules. Due to the implementation of the intelligent power modules, the reliability of the systems also increases. Due to the initiatives rolled out by several governments to preserve the environment and reduce CO2 emissions, the adoption of intelligent power modules has witnessed a marked increase in the automotive industry. These modules enable the delivery of high degrees of efficiency and operational performance.


Intelligent Power Module Market Covid-19 Impact Analysis:


Covid-19 pandemic has impacted almost all the industries across the world. Different industries have been impacted in different ways. The Intelligent Power Module Market Share has also been affected by the pandemic, but the market is regaining impetus during the forecast period. In this period, APAC is likely to maintain its place in the global ipm market. 

Market Dynamics:


The main growth of the market is driven by increasing demand for renewable energy consumption such as sunlight and wind, the increasing use of IPM in consumer electronics devices, increasing adoption of hybrid and electric vehicles. Moreover, the rising trends in the global market will generate opportunities for the major market players during the forecast period. According to the Intelligent Power Module Market Forecast, the market is likely to grow at a CAGR of 9.28% during the forecast period, with a revenue of USD 3,102.5 million by 2027. The market shows immense growth and opportunities because of the renewable energy resources and consumer electronics sectors. 

  • Drivers:


European and North American government are upgrading the power infrastructure that already exists. In these developed regions, power supply resources have extensive and wide utilisation because of the high power consumption. The usage of renewable energy supply resources and enhancement of power infrastructure are witnessing a growing need across the world. Renewable energy sources such as wind and solar are getting governments funds globally to have something better for the environment. 

  • Opportunities:


Power electronics are responsible for lowering the power consumption in consumer electronics. And, consumer electronics having major demand for IPM because of its high power efficiency and low power consumption. , is creating huge opportunities. 

  • Restrains:


The main restraining factor against the Intelligent Power Module Market Growth is the slow adoption of new and upgraded technologies. For instance, experienced designing engineers feel free working with analog devices whereas, the adoption of IPM can collect and handle a huge amount of data. 

  • Challenges:


The main challenge of Intelligent Power Module Market is to efficiently use the high amount of data generated by the IPM. It provides continuous monitoring of various important parameters. Apart from that, the increasing switching frequency also leads to design challenges by increasing electromagnetic interference. Therefore, the processing power increase is essential for the efficiency of using the high amount of data generated by IBM.

Intelligent Power Module Market Segment Overview:


The Intelligent Power Module Market Segments are categorized into-

  • Voltage rating

  • Current rating

  • Circuit configuration

  • Power devices

  • Verticals

  • Region


By Voltage Rating:Based on the voltage rating, the market is further classified into-

  • Up to 600V

  • 601V-1200V

  • More than 1200V


By Current Rating:Based on the current rating, the market is further classified into

  • Up to 100A

  • 101A-600A

  • More than 600A


By Circuit Configuration:Based on the circuit configuration, the market is further classified into

  • 6-pack

  • 7-pack

  • Phase bridge

  • dual


By Power Devices:Based on the power devices, the market is further classified into

  • IGBT

  • MOSFET


By Verticals:Based on the verticals, the market is further classified into

  • Consumer electronics

  • Automotive

  • Industrial

  • Aerospace

  • Defense

  • Others 


By Region:Based on the region, the market is further classified into

  • North America

  • Europe

  • APAC

  • RoW (MEA and South America)


Intelligent Power Module Market Regional Analysis:


APAC holds the largest Intelligent Power Module Market Size of the global market. Among this region, China has the highest and largest industry for consumer electronic devices. Smartphones, tablets, laptops, and many home appliances are extensively used in China more than any other APAC country. The need for power management is constantly growing for consumer electronics and it is boosting the growth of the intelligent power module manufacturers. 

Intelligent Power Module Market Competitive Landscape:


The market of intelligent power control module is highly competitive because of the presence of many prominent and skilled players of the market. And, the players are collaborating with each other and implementing many old and new marketing strategies. Moreover, the rapid adoption of the latest technology makes the competition even more intense. 

Intelligent Power Module Market Major Key Players:



  • STMicroelectronics NV (Switzerland)

  • Infineon Technologies (Germany)

  • ROHM Semiconductor (Japan)

  • Mitsubishi Electric Corporation (Japan)

  • Fuji Electric Co. Ltd (Japan)

  • ON Semiconductor (US)

  • Sanken Electric Co. Ltd. (Japan)

  • Hon Hai Precision Industry Co. Ltd (Taiwan)


Recent Development:



  • Key manufacturers are operating in the global intelligent power module market, like Infineon Technologies AG, Mitsubishi Electric Corp, and S.T. Microelectronics N.V., are increasing their sales by engaging in mergers and collaborating with the more prominent investors and shareholders to generate the excellent production work.

  • Mitsubishi Electric Corp. introduced its newly developed super mini intelligent power module called DIPIPMTM Ver. 7. This module offers low power consumption, reducing radiation noise, and extra flexible heat dissipation.

  • Infineon Technologies AG launched a new IPM CIPOS Mini with the power factor correction feature. The integration of CIPOS Mini IPM in end-use applications can help in reducing the size of materials.

  • S.T. Microelectronics N.V. introduced its newly developed, surface-mount, intelligent low-power modules.


Report Overview:


This report consist:

  • Market overview

  • Impact of covid-19

  • Market dynamics

  • Drivers

  • Opportunities

  • Restrains

  • Challenges

  • Technological analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3,102.5 Million
  CAGR   9.28%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Voltage Rating, Current Rating, Circuit Configuration, Power Device, Application
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   STMicroelectronics NV (Switzerland), ROHM Semiconductors (Japan), Infineon Technologies (Germany), Texas Instruments Incorporated (US), Mitsubishi Electric Corporation (Japan), ON Semiconductor (US), Fuji Electric Co. Ltd (Japan), Hon Hai Precision Industry Co., Ltd (Taiwan), and Sanken Electric Co. Ltd (Japan)
  Key Market Opportunities   Emerging trends in the electronics industry and the need for intelligent power module.
  Key Market Drivers

  • Rising demand of consumer electronic devices.
  • The growing trend of renewable energy resources.
  • Increasing adoption of electric and hybrid vehicles.

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    Frequently Asked Questions (FAQ) :

    The Global intelligent power module market is predicted to touch USD 3,102.5 Million, and grow at a CAGR of 9.28% between 2020- 2027.

    Key players profiled in the intelligent power module market include STMicroelectronics NV (Switzerland), ROHM Semiconductors (Japan), Infineon Technologies (Germany), Texas Instruments Incorporated (US), Mitsubishi Electric Corporation (Japan), ON Semiconductor (US), Fuji Electric Co. Ltd (Japan), Hon Hai Precision Industry Co., Ltd (Taiwan), and Sanken Electric Co. Ltd (Japan).

    The APAC region will lead the intelligent power module market.

    Increasing use of hybrid cars and the trend for renewable energy sources are driving the intelligent power module market growth.