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

Intelligent Power Module Market Overview:

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 2023. 

The usage of intelligent power modules can be seen in elevators, inverters, wind power generation, heating, ventilation, and air conditioning, solar power generations, and uninterrupted power supply devices. In these devices or systems, the intelligent power module is used to protect the systems from under-voltage, short circuits or extreme temperature. Consumer electronic devices, Smart grids, and commercial sectors are most suitable to use ipm because of its combination of both low power consumption and high power efficiency. Moreover, in intelligent power module (ipm) market, many companies are using this technology due to achieve high power supply stabilisation for their electronic components. 

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 2023. 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 categorised 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:
December 2020- a 1200 V transfer molded silicon carbide (SiC0 integrated power module was launched by the Infineon Technologies AG (Germany). They conclude their massive roll-out of Sic solutions of the year with it. 

June 2020-  the Mitsubishi Electric Corporation (Japan) declared to acquire buildings and lands from another company named Sharp Fukumaya Semiconductor Co. Ltd. They announced that the acquired properties will be the new place for Mitsubishi to process wafers for the power semiconductor manufacturer.  

May 2019- the Mitsubishi Electric Corporation (Japan) also launched three new transfer-mold IPM. These large PIPIPM+TM IPM featured loading converter circuits which is capable of understanding compact and simpler designs for industrial inverters and air-conditioner.  

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.

Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

---