Intelligent Power Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Intelligent Power Device Trends and Forecast

The future of the global intelligent power device market looks promising with opportunities in the renewable energy, air conditioner, transportation, washing machine, servo drive, refrigerator, and UPS applications. The global intelligent power device market is expected to grow with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing adoption of electric vehicles, growing demand for energy-efficient devices, and rising popularity for internet of things (IoT) and smart homes.

A more than 150-page report is developed to help in your business decisions.

Intelligent Power Device by Segment

The study includes a forecast for the global intelligent power device by power device, circuit configuration, application, and region.

Intelligent Power Device Market by Power Device [Shipment Analysis by Value from 2018 to 2030]:

• IGBT
• MOSFET
• Others

Intelligent Power Device Market by Circuit Configuration [Shipment Analysis by Value from 2018 to 2030]:

• 6-Pack
• 7-Pack
• Phase Bridge
• Dual

Intelligent Power Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Renewable Energy
• Air Conditioner
• Transportation
• Washing Machine
• Servo Drives
• Refrigerators
• UPS
• Others

Intelligent Power Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Intelligent Power Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies intelligent power device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the intelligent power device companies profiled in this report include-

• Texas Instruments
• Panasonic
• Samsung Electronics
• STMicroelectronics
• Sanken Electric
• Intel
• Mitsubishi Electric
• Future Electronics
• ON Semiconductor
• Fuji Electric

Intelligent Power Device Market Insights

Lucintel forecasts that IGBT is expected to witness higher growth over the forecast period due to it's higher efficiency and better switching performance.

Within this market, renewable energy is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to existence of key manufacturing hubs and considerable demand for intelligent power devices among various end use industries, such as automotive, industrial, commercial, and construction in the region.

Features of the Global Intelligent Power Device Market

Market Size Estimates: Intelligent power device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Intelligent power device market size by power device, circuit configuration, application, and region in terms of value ($B).

Regional Analysis: Intelligent power device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different power devices, circuit configurations, applications, and regions for the intelligent power device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the intelligent power device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for intelligent power device market?

Answer: The global intelligent power device market is expected to grow with a CAGR of 9.1% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the intelligent power device market?

Answer: The major drivers for this market are increasing adoption of electric vehicles, growing demand for energy-efficient devices, and rising popularity for internet of things (IoT) and smart homes.

Q3. What are the major segments for intelligent power device market?

Answer: The future of the intelligent power device market looks promising with opportunities in the renewable energy, air conditioner, transportation, washing machine, servo drive, refrigerator, and UPS applications.

Q4. Who are the key intelligent power device market companies?

Answer: Some of the key intelligent power device companies are as follows:

• Texas Instruments
• Panasonic
• Samsung Electronics
• STMicroelectronics
• Sanken Electric
• Intel
• Mitsubishi Electric
• Future Electronics
• ON Semiconductor
• Fuji Electric

Q5. Which intelligent power device market segment will be the largest in future?

Answer: Lucintel forecasts that IGBT is expected to witness higher growth over the forecast period due to it's higher efficiency and better switching performance.

Q6. In intelligent power device market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to existence of key manufacturing hubs and considerable demand for intelligent power devices among various end use industries, such as automotive, industrial, commercial, and construction in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the intelligent power device market by power device (IGBT, MOSFET, and others), circuit configuration (6-pack, 7-pack, phase bridge, and dual), application (renewable energy, air conditioner, transportation, washing machine, servo drives, refrigerators, UPS, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?