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.
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.
|Market Size||USD 3,102.5 Million|
|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||
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.