Intelligent Power Module Market Size, Share, Opportunities, And Trends By Technology (MOSFET, IGBT), By Voltage Rating (0<600V, >600V To 1200V, >1200V), By Current Rating (0A<100 A, >100A<600A, >600 A), By Application (Consumer Electronics, Transportation, Energy, Others), And By Geography - Forecasts From 2023 To 2028

Global Intelligent Power Module Market is estimated to grow at a CAGR of 7.84% over the forecast period to reach US$3.455 billion by 2021, from US$2.370 billion in 2016. 

The self-driving and self-protection capabilities of Intelligent Power Modules help in providing steady performance, high noise immunity, and higher operating frequency as compared to IGBT modules. Growing focus on minimizing carbon dioxide emission is the key driver of the intelligent power modules market, especially in electric vehicles. By application, consumer electronics holds the largest market share owing to the escalating demand for increased energy efficiency. The growing need for power infrastructure and an increase in reliability by way of providing an enhanced level of monitoring will further propel the growth of the global intelligent power modules market in the next five years. Compact design and increased energy efficiency are also expected to increase the use of intelligent power modules in industrial applications such as servo drivers and UPS along with others. 

APAC region is expected to witness the fastest regional market growth during the forecast period. The factors that contribute to this growth include the rising need for energy in the economies of China and India, supportive government initiatives to boost the domestic manufacturing sector, and growing demand for consumer electronics such as smartphones, tablets, and wearable devices. However, the growth of the global intelligent power modules market will be hindered by the difficulty in designing a control structure coupled with the low adoption of the technology during the forecast period.

Research Methodology

The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used, and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.

Market Dynamics

The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations that are determining the market growth, and brief technological aspects of Intelligent power modules. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Market Players

Finally, the competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Mitsubishi Electric Corporation, Fuji Electric co. Ltd., Semikron, Infineon Technologies AG, and ON Semiconductor Corporation among others.

Segmentation

Thirdly, the intelligent power module has been segmented on the basis of technology, voltage rating, current rating, application, and geography as below:

• By Technology

• MOSFET
• IGBT

• By Voltage Rating

• 0<600V
• >600V to 1200V
• >1200V

• By Current Rating

• 0A<100 A
• >100A<600A
• >600 A

• By Application

• Consumer Electronics
• Transportation
• Energy
• Others

• By Geography

• Americas

• North America
• South America

• Europe Middle East and Africa

• Europe
• Middle East and Africa

• Asia Pacific