Market Research Report
Intelligent Power Module (IPM) - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||573057|
|Published||Content info||149 Pages
Delivery time: 1-2 business days
|Intelligent Power Module (IPM) - Global Market Outlook (2017-2023)|
|Published: October 1, 2017||Content info: 149 Pages||
According to Stratistics MRC, the Global Intelligent Power Module (IPM) Market accounted for $1.44 billion in 2016 and is expected to reach $2.81 billion by 2023 growing at a CAGR of 9.9% during the forecast period. Due to growing environmental concerns, electric vehicles are gaining pace, which uses IPMs extensively. Technological advancements in IPM models with improved features assist in strong competition among market players, which in turn provides the stage for R&D opportunities. The growing interest towards renewable power resources like solar and wind energy, which widely use IPMs in their power generation units are also fueling the market. However, technical issues due to power modules with SiC-bases may hinder the market growth.
IPMs offer design engineers an integrated compact solution to solve their challenges coupled with energy efficiency, particularly in consumer electronics segment. Hence, IPMs are observed to have more penetration in the segment. The growth of the renewable energy segment and electric vehicle market is also anticipated to promote the growth of IPM market. Moreover, the market is anticipated to experience an increased used of SiC-based IPMs with increased current ratings and switching frequencies along with a move towards digital monitoring and control of the devices.
By geography, Asia Pacific commanded largest market share and will continue its dominance during the forecast period owing growing demand for power and infrastructure and the growth of the economy. Another major factor that drives the market's growth is increasing urbanization in countries such as China and India.
Some of the key players in the market include Fairchild Semiconductor International, Inc.,
Fuji Electric Co., Ltd., Future Electronics Inc., Infineon Technologies AG, Mitsubishi Electric Corp., ON Semiconductor Corporation, Powerex Inc., ROHM Co., Ltd., Sanken Electric Co., Ltd., Semikron, Stmicroelectronics N.V. and Vincotech GmbH.
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