Intelligent Power Module Market With COVID-19 Impact Analysis by Voltage Rating, Current Rating, Circuit Configuration, Power Devices (IGBT & MOSFET), Vertical (Consumer Electronics, Industrial, Automotive), and Region - Global Forecast to 2025

Intelligent Power Module Market With COVID-19 Impact Analysis by Voltage Rating, Current Rating, Circuit Configuration, Power Devices (IGBT & MOSFET), Vertical (Consumer Electronics, Industrial, Automotive), and Region - Global Forecast to 2025

The intelligent power module market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.4 billion by 2025. It is expected to grow at a CAGR of 9.6% during the forecast period. Rising focus towards renewable power sources, growing adoption of electric vehicles, and increasing reliability thtough enhanced level of monitoring are the key driving factors for the intelligent power module market.

“Based on the circuit configuration, 6 – PACK IPM’s to account the largest share during 2020–2025.”
IPMs with a 6-PACK circuit configuration means that there are 6 IGBT inside the IPM for the functioning of domestic and light commercial applications. It is also referred as C type circuit configuration. A 6-PAC module is equipped with six IGBTs and six free-wheeling diodes, which usually have 600 V, 1200 V or 1700 V blocking voltage capability. The IGBTs and diodes often share the same current rating. In some modules the DC- connections are not connected together; leaving space for shunt measurement. They are widely available in the market. Manufactured by all major players such as Fuji Electric Co., Ltd. (Japan), ON Semiconductor Corporation (U.S.), and Infineon Technologies AG (Germany), these IPMs are used in both consumer and light industrial applications such as washing machines, fans, air purifiers, pumps, kitchen hoods and others.

“Automotive vertical to witness the highest CAGR during the forecast period.”
In automotive, particularly the evolving hybrid electric vehicles (HEV), IPMs with high power ratings together with the high temperature associated with the engine room are used for thermal operating conditions. Therefore, in addition to the well-known requirements of improved IPM electrical characteristics and optimized system cost-performance, reliability and durability become very important factors in HEV applications. Toyota developed the first-generation IPM that is the key part of the system for Hybrid Electric Vehicles. It was installed in the inverter for Toyota Prius, which was launched in Japan in 1997, and recently, the demands for not only mileage performance but also power performance in an HEV have been increasing.

“APAC to record the highest growth rate in intelligent power module market during the forecast period”
Many economically advanced countries have their manufacturing units in the developing economies of APAC, especially in China and India. The domestic markets in APAC are growing rapidly, owing to the rising per capita income of the middle-class population. APAC is the fastest-growing market for IPM, with three of the top 10 largest economies in the world–China, India, and Japan. This market presents a huge potential for the growth of IPMs in the near future. Greenfield projects related to energy generation from renewable sources are expected to provide a boost for the IPM market for the industrial vertical. Furthermore, the region is a manufacturing hub of consumer electronics products; therefore, IPMs have a large application in the consumer vertical in the region.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the intelligent power module marketplace.

By Company Type: Tier 1 - 56%, Tier 2 – 23%, and Tier 3 - 21%
By Designation: C-Level Executives - 75% and Managers - 25%
By Region: North America - 40%, Europe - 23%, APAC - 26%, and RoW - 11%

The intelligent power module market comprises major players such as Mitsubhishi Electric (Japan), Infineon Technologies (Germany), ON Semiconsuctor (US), Fuji Electric (Japan), STMicroelectronics (Switzerland), Semikron (Germany), ROHM Semiconductor (Japan), Sanken Electric (Japan), Future Electronics (Canada), and Maxim Integrated (US).

The study includes an in-depth competitive analysis of these key players in the intelligent power module market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The report defines, describes, and forecasts the intelligent power module market based on type, material, size, end-users, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the intelligent power module market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall intelligent power module market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
      • INCLUSIONS AND EXCLUSIONS
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
      • GEOGRAPHIC SCOPE
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS
      • Table ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTELLIGENT POWER MODULE MARKET: SCENARIO ANALYSIS
    • INTELLIGENT POWER MODULE MARKET: OPTIMISTIC SCENARIO
    • INTELLIGENT POWER MODULE MARKET: PESSIMISTIC SCENARIO
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN INTELLIGENT POWER MODULE MARKET
    • INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING
    • INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING
    • INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE
    • INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION
    • INTELLIGENT POWER MODULE MARKET IN APAC, BY COUNTRY AND VERTICAL
    • INTELLIGENT POWER MODULE MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • R&D ENGINEERS
      • MANUFACTURERS
      • DISTRIBUTORS
      • END-USER INDUSTRIES
    • ECOSYSTEM: POWER ELECTRONICS
    • KEY TECHNOLOGY AND INDUSTRY TRENDS
    • PRICING ANALYSIS
      • Table INDICATIVE PRICES OF INTELLIGENT POWER MODULES
    • PATENT ANALYSIS
      • Table KEY PATENTS REGISTERED, 2003-2019
    • REGULATIONS
      • Table KEY REGULATIONS APPLICABLE TO PLAYERS IN IPM MARKET
    • CASE STUDIES
      • INTRODUCTION
      • INFINEON TECHNOLOGIES: HOME APPLIANCES CASE STUDY
      • MITSUBISHI ELECTRIC: HOME APPLIANCES CASE STUDY
      • MITSUBISHI ELECTRIC: RENEWABLE ENERGY CASE STUDY
      • ON SEMICONDUCTOR: 3-PHASE INVERTER CASE STUDY
    • TRADE ANALYSIS
      • IMPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS
      • EXPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS
  • IPM MARKET, BY VOLTAGE RATING
    • INTRODUCTION
      • Table IPM MARKET, IN TERMS OF VALUE AND VOLUME, 2017-2025
      • Table IPM MARKET, BY VOLTAGE RATING, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY VOLTAGE RATING, 2020-2025 (USD MILLION)
    • UP TO 600 V
      • IPMS WITH UP TO 600 V VOLTAGE RATING ARE WIDELY USED IN CONSUMER ELECTRONICS PRODUCTS
    • 601 V-1,200 V
      • IPMS WITH VOLTAGE RATING OF 601 V-1,200 V ARE COMMONLY USED IN INDUSTRIAL SECTOR
    • ABOVE 1,200 V
      • IPMS WITH A VOLTAGE RATING ABOVE 1,200 V ARE USED IN INDUSTRIAL APPLICATIONS
  • IPM MARKET, BY CURRENT RATING
    • INTRODUCTION
      • Table IPM MARKET, BY CURRENT RATING, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY CURRENT RATING, 2020-2025 (USD MILLION)
    • UP TO 100 A
      • IPMS WITH A CURRENT OF UP TO 100 A SUFFICE THE PURPOSE OF DOMESTIC APPLICATIONS
    • 101-600 A
      • IPMS WITH A CURRENT RATING IN THE RANGE OF 101-600 A ARE COMMONLY USED IN INDUSTRIAL APPLICATIONS
    • ABOVE 600 A
      • IPMS WITH CURRENT RATINGS OF ABOVE 600 A ARE USED IN HEAVY-DUTY INDUSTRIAL APPLICATIONS
  • IPM MARKET, BY CIRCUIT CONFIGURATION
    • INTRODUCTION
      • Table IPM MARKET, BY CIRCUIT CONFIGURATION, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY CIRCUIT CONFIGURATION, 2020-2025 (USD MILLION)
    • 6-PACK
      • 6-PACK IPMS ARE USED IN BOTH CONSUMER AND LIGHT INDUSTRIAL APPLICATIONS
    • 7-PACK
      • 7-PACK IPMS ARE COMMONLY USED IN INDUSTRIAL APPLICATIONS
    • OTHERS
  • IPM MARKET, BY POWER DEVICE
    • INTRODUCTION
      • Table IPM MARKET, BY POWER DEVICE, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY POWER DEVICE, 2020-2025 (USD MILLION)
    • IGBT
      • IGBT-BASED IPMS ARE EXPECTED TO HOLD THE LARGER SHARE OF THE MARKET DURING THE FORECAST PERIOD
    • MOSFET
      • MOSFET-BASED IPMS HAVE A SMALLER FOOTPRINT THAN IGBT-BASED IPMS
  • IPM MARKET, BY VERTICAL
    • INTRODUCTION
      • Table IPM MARKET, BY VERTICAL, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY VERTICAL, 2020-2025 (USD MILLION)
    • CONSUMER ELECTRONICS
      • INCREASING ADOPTION OF CONSUMER ELECTRONIC PRODUCTS TO PROPEL IPM MARKET GROWTH
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • ICT
      • SURGING DEMAND FOR ADVANCED POWER DEVICES TO SPUR IPM MARKET GROWTH IN COMING YEARS
        • Table IPM MARKET FOR ICT VERTICAL, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL, BY REGION, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN ROW, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR ICT VERTICAL IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • INDUSTRIAL
      • GROWING USE OF RENEWABLE POWER SOURCES TO FUEL DEMAND FOR INTELLIGENT POWER MODULES IN INDUSTRIAL VERTICAL
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • AUTOMOTIVE
      • ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO FOSTER IPM MARKET GROWTH
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2017-2019 (USD MILLION)
        • Table IPM MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • AEROSPACE & DEFENSE
      • Table IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN ROW, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN ROW, BY REGION, 2020-2025 (USD MILLION)
    • OTHERS
      • Table IPM MARKET FOR OTHER VERTICALS, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS, BY REGION, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN ROW, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET FOR OTHER VERTICALS IN ROW, BY REGION, 2020-2025 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table IPM MARKET, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET, BY REGION, 2020-2025 (USD MILLION)
    • NORTH AMERICA
      • Table IPM MARKET IN NORTH AMERICA, BY VERTICAL, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN NORTH AMERICA, BY VERTICAL, 2020-2025 (USD MILLION)
      • Table IPM MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table IPM MARKET IN EUROPE, BY VERTICAL, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN EUROPE, BY VERTICAL, 2020-2025 (USD MILLION)
      • Table IPM MARKET IN EUROPE, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • APAC
      • Table IPM MARKET IN APAC, BY VERTICAL, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN APAC, BY VERTICAL, 2020-2025 (USD MILLION)
      • Table IPM MARKET IN APAC, BY COUNTRY, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
      • JAPAN
      • CHINA
      • INDIA
      • SOUTH KOREA
      • REST OF APAC
    • ROW
      • Table IPM MARKET IN ROW, BY VERTICAL, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN ROW, BY VERTICAL, 2020-2025 (USD MILLION)
      • Table IPM MARKET IN ROW, BY REGION, 2017-2019 (USD MILLION)
      • Table IPM MARKET IN ROW, BY REGION, 2020-2025 (USD MILLION)
      • MIDDLE EAST & AFRICA
      • SOUTH AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS, 2019
      • Table MARKET SHARE OF TOP 5 COMPANIES, 2019
    • HISTORICAL REVENUE ANALYSIS, 2015-2019
    • COMPETITIVE SCENARIO
      • ACQUISITIONS AND AGREEMENTS
        • Table KEY ACQUISITIONS AND AGREEMENTS, 2018-2020
      • PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS
        • Table KEY PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS, 2018-2020
    • COMPETITIVE LEADERSHIP MAPPING
      • STAR
      • EMERGING LEADER
      • PERVASIVE
      • PARTICIPANT
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • MITSUBISHI ELECTRIC
      • ON SEMICONDUCTOR
      • INFINEON TECHNOLOGIES
      • FUJI ELECTRIC
      • SEMIKRON
      • ROHM SEMICONDUCTOR
      • SANKEN ELECTRIC
      • STMICROELECTRONICS
      • HANGZHOU SILAN MICROELECTRONICS
      • SINO MICROELECTRONICS
    • OTHER KEY PLAYERS
      • ALPHA & OMEGA SEMICONDUCTOR
      • CISSIOD
      • SENSITRON SEMICONDUCTOR
      • RONGTECH INDUSTRY
      • VINCOTECH - A GROUP COMPANY OF MITSUBISHI ELECTRIC
      • POWEREX
      • OZTEK CORPORATION
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook