PUBLISHER: Allied Market Research | PRODUCT CODE: 1298194
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298194
The intelligent power module market size was valued at $1.6 billion in 2021, and is projected to reach $3.7 billion by 2031, registering a CAGR of 8.73% from 2022 to 2031. Intelligent power modules (IPM) are high-performance modules which consist of a dedicated drive circuit to draw greater performance from IGBT chips. IPMs also include a custom IC to execute self-protection functions in cases of events such as over-temperature, supply under-voltage, and short circuits. IPMs can also be considered as advanced power switch devices which have been adapted to current development trends and hence, are composite, modular, and include power integrated circuits (PIC).
The scope of the report discusses the potential opportunities for the key players to enter the intelligent power module market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The intelligent power module market is segmented on the basis of power devices, voltage, current rating, circuit configuration, industry vertical, and region. By power devices, it is classified into IGBT, MOSTFET, and others. By voltage, it is classified into up to 600V, 601V to 1,200V, and above 1,200V. By current rating, it is classified into up to 100A, 101A to 600A, and above 600A. By circuit configuration, it is classified into 6-pack, 7-pack, bridge, and others. By industry vertical, it is classified into industrial, consumer electronics, transportation, IT and telecommunications, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key factors driving the growth of the intelligent power module market include their significant requirement in electrical equipment, electronic machinery, and technology field. They are primarily required in these machines to manage power. IPMs are also used for power management and power conservation, especially in the face of today's concerns regarding global warming and CO2 emissions. The continued adoption of technology by the industrial sector is also an important factor driving the market of intelligent power modules. However, the complexity of manufacturing the product is expected to restrain growth of the market. Meanwhile, the automotive industry presents a significant opportunity to players in the market during the forecast period.
The key players operating in the intelligent power module market are: Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Infineon Technologies AG, Rohm Semiconductor (Rohm Co. Ltd.), STMicroelectronics N.V., Microchip Technology Inc., Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation, Renesas Electronics Corporation, and Silan Semiconductor Manufacturing Group. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase their market share in the global intelligent power module market during the forecast period.