Global Intelligent Power Modules (IPM) Market Growth 2026-2032
Description
The global Intelligent Power Modules (IPM) market size is predicted to grow from US$ 2461 million in 2025 to US$ 4995 million in 2032; it is expected to grow at a CAGR of 11.3% from 2026 to 2032.
Intelligent Power Modules (IPMs) are highly integrated power electronic modules that combine power semiconductor devices (such as IGBTs or MOSFETs) with gate drivers, protection circuits, and partial control or sensing functions in a single package. IPMs typically incorporate multiple protection features, including overcurrent, overvoltage, undervoltage, and overtemperature protection, which simplify system design and enhance the reliability, safety, and consistency of power electronic systems. They are widely used in motor drives, inverters, home appliances, renewable energy systems, and industrial automation.
The growth of the IPM market is primarily driven by increasing electrification and rising demand for higher energy efficiency. With the rapid development of industrial automation, inverter-based home appliances, and renewable energy equipment, motor drive and power conversion systems require higher reliability, greater integration, and shorter development cycles, accelerating the replacement of discrete power device solutions with IPMs. At the same time, OEMs face stricter requirements in cost control, product consistency, and system safety, and IPMs help reduce peripheral component count and engineering complexity through integrated design, thereby shortening time-to-market. In addition, advances in wide-bandgap power devices, improvements in power module packaging and thermal management, and global energy-efficiency and carbon-reduction policies are further driving the adoption of IPMs across applications such as inverter air conditioners, power tools, industrial drives, and renewable energy systems.
In the Chinese market, the main Intelligent Power Modules (IPM) players include Mitsubishi Electric, ON Semiconductor(Fairchild), Infineon Technologies(IR), Fuji Electric, etc. The top four Intelligent Power Modules (IPM) players account for approximately 75% of the total global market. In terms of Type, IGBT-IPM is the largest segment with a share of 96%. And in terms of Applications, the largest segment is Household Appliances, followed by Industrial Control.
LP Information, Inc. (LPI) ' newest research report, the “Intelligent Power Modules (IPM) Industry Forecast” looks at past sales and reviews total world Intelligent Power Modules (IPM) sales in 2025, providing a comprehensive analysis by region and market sector of projected Intelligent Power Modules (IPM) sales for 2026 through 2032. With Intelligent Power Modules (IPM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Intelligent Power Modules (IPM) industry.
This Insight Report provides a comprehensive analysis of the global Intelligent Power Modules (IPM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Intelligent Power Modules (IPM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Intelligent Power Modules (IPM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Intelligent Power Modules (IPM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Intelligent Power Modules (IPM).
This report presents a comprehensive overview, market shares, and growth opportunities of Intelligent Power Modules (IPM) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
IGBT-IPM
MOSFET-IPM
Segmentation by Voltage Rating:
Low Voltage
Medium Voltage
High Voltage
Segmentation by Package Type:
DIP Package
SIP Package
Flat Module Package
Segmentation by Application:
Automotive
Household Appliances
New Energy Power Generation
Industrial Control
Rail Transit
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
Onsemi
Infineon
Fuji Electric
Semikron Danfoss
STMicroelectronics
ROHM
Hangzhou Silan Microelectronics
BYD
Shenzhen Invsemi Technology
Jilin Sino-Microelectronics
Sanken Electric Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Intelligent Power Modules (IPM) market?
What factors are driving Intelligent Power Modules (IPM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Intelligent Power Modules (IPM) market opportunities vary by end market size?
How does Intelligent Power Modules (IPM) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Intelligent Power Modules (IPMs) are highly integrated power electronic modules that combine power semiconductor devices (such as IGBTs or MOSFETs) with gate drivers, protection circuits, and partial control or sensing functions in a single package. IPMs typically incorporate multiple protection features, including overcurrent, overvoltage, undervoltage, and overtemperature protection, which simplify system design and enhance the reliability, safety, and consistency of power electronic systems. They are widely used in motor drives, inverters, home appliances, renewable energy systems, and industrial automation.
The growth of the IPM market is primarily driven by increasing electrification and rising demand for higher energy efficiency. With the rapid development of industrial automation, inverter-based home appliances, and renewable energy equipment, motor drive and power conversion systems require higher reliability, greater integration, and shorter development cycles, accelerating the replacement of discrete power device solutions with IPMs. At the same time, OEMs face stricter requirements in cost control, product consistency, and system safety, and IPMs help reduce peripheral component count and engineering complexity through integrated design, thereby shortening time-to-market. In addition, advances in wide-bandgap power devices, improvements in power module packaging and thermal management, and global energy-efficiency and carbon-reduction policies are further driving the adoption of IPMs across applications such as inverter air conditioners, power tools, industrial drives, and renewable energy systems.
In the Chinese market, the main Intelligent Power Modules (IPM) players include Mitsubishi Electric, ON Semiconductor(Fairchild), Infineon Technologies(IR), Fuji Electric, etc. The top four Intelligent Power Modules (IPM) players account for approximately 75% of the total global market. In terms of Type, IGBT-IPM is the largest segment with a share of 96%. And in terms of Applications, the largest segment is Household Appliances, followed by Industrial Control.
LP Information, Inc. (LPI) ' newest research report, the “Intelligent Power Modules (IPM) Industry Forecast” looks at past sales and reviews total world Intelligent Power Modules (IPM) sales in 2025, providing a comprehensive analysis by region and market sector of projected Intelligent Power Modules (IPM) sales for 2026 through 2032. With Intelligent Power Modules (IPM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Intelligent Power Modules (IPM) industry.
This Insight Report provides a comprehensive analysis of the global Intelligent Power Modules (IPM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Intelligent Power Modules (IPM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Intelligent Power Modules (IPM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Intelligent Power Modules (IPM) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Intelligent Power Modules (IPM).
This report presents a comprehensive overview, market shares, and growth opportunities of Intelligent Power Modules (IPM) market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
IGBT-IPM
MOSFET-IPM
Segmentation by Voltage Rating:
Low Voltage
Medium Voltage
High Voltage
Segmentation by Package Type:
DIP Package
SIP Package
Flat Module Package
Segmentation by Application:
Automotive
Household Appliances
New Energy Power Generation
Industrial Control
Rail Transit
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
Onsemi
Infineon
Fuji Electric
Semikron Danfoss
STMicroelectronics
ROHM
Hangzhou Silan Microelectronics
BYD
Shenzhen Invsemi Technology
Jilin Sino-Microelectronics
Sanken Electric Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Intelligent Power Modules (IPM) market?
What factors are driving Intelligent Power Modules (IPM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Intelligent Power Modules (IPM) market opportunities vary by end market size?
How does Intelligent Power Modules (IPM) break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
119 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Intelligent Power Modules (IPM) by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Intelligent Power Modules (IPM) by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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