Intelligent Power Module Market By Power Device (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Others), By Voltage (Up To 600V, 601V - 1,200V, Above 1,200V), By Current Rating (Up to 100A, 101A to 600A, Above 600A), By Circuit Configuration (6-Pack, 7-Pack, Bridge, Others), By Industry Vertical (Industrial, Consumer Electronics, Transportation, IT and Telecommunications, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intelligent power module market analysis from 2021 to 2031 to identify the prevailing intelligent power module market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the intelligent power module market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global intelligent power module market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Industry VerticalIndustrial
Consumer Electronics
Transportation
IT and Telecommunications
Others
By VoltageUp To 600V
601V - 1,200V
Above 1,200V
By Current RatingUp to 100A
101A to 600A
Above 600A
By Circuit Configuration6-Pack
7-Pack
Bridge
Others
By Power DeviceInsulated-Gate Bipolar Transistor (IGBT)
Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Microchip Technology Inc.
Infineon Technologies AG
STMicroelectronics N.V.
Renesas Electronics Corporation
Toshiba Electronic Devices & Storage Corporation
Silan Semiconductor Manufacturing Group
Rohm Co. Ltd.
Texas Instruments Incorporated
Fuji Electric Co. Ltd.
Mitsubishi Electric Corporation
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