Global Intelligent Power Module (IPM) Market to Grow at 6.8% During 2024-2032, Impelled by Increasing Demand for Energy-Efficient Consumer Electronics

November 10, 2020 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "Intelligent Power Module (IPM) Market Report by Voltage Rating (Upto 600V, 601V-1200V, More than 1200V), Current Rating (Upto 100A, 101A-600A, Above 600A), Circuit Configuration (6-PAC, 7-PAC, and Others), Power Device (IGBT, MOSFET), Application (Consumer Electronics, Servo Drives, Transportation, Renewable Energy, and Others), and Region 2024-2032," the global intelligent power module (IPM) market reached a value of US$ 2.1 Billion in 2023. An intelligent power module (IPM) is a high-performance module that is widely used to combine high-speed and low-loss insulated gate bipolar transistors (IGBTs), protection circuits as well as diode power devices with integrated gate drives in a single housing. It is highly integrated to optimize the distribution and utilization of electrical power across data centers. Its deployment aids in reducing the overall design and manufacturing costs while significantly improving reliability and system performance. It also provides enhanced temperature monitoring, voltage regulation and load distribution. Consequently, it is widely used across numerous industries for diverse application segments, including elevators, consumer electronics, servo drives, inverters, and heating, ventilation, and air-conditioning (HVAC).

Global Intelligent Power Module (IPM) Market Trends:

The market is primarily driven by the increasing demand for energy-efficient consumer electronics across the globe. This can be accredited to the rising environmental consciousness among the masses and their inflating disposable incomes, along with the penetration of high-speed internet connectivity. The increasing digitization across numerous industry verticals is providing a further thrust to their uptake. Since these devices are extensively integrated with IPM for improving their overall performance, this is providing an impetus to the market growth. There has also been a considerable rise in the demand for renewable energy resources on account of the enhanced focus on sustainable development. This has impelled players to invest in the development of renewable power infrastructure on the global level. IPMs are widely being used in these energy plants as crucial components of the photovoltaic (PV) and on-shore and off-shore wind turbine inverters, which is acting as a major growth-induing factor. The market is further driven by the increasing popularity of electric and hybrid vehicles among masses. IPMs form a crucial component of these vehicles that assist in reducing the carbon emission levels and enhancing the overall energy efficiency of the automobiles. Moreover, the advent of innovative IPMs integrated with artificial intelligence (AI) systems is anticipated to create a positive outlook for the market as these variants are expected to offer real-time network simulation and performance analysis to the end users. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 6.8% during 2024-2032.

Market Summary:

  • On the basis of the voltage rating, the market has been divided into upto 600V, 601V-1200V and more than 1200V.
  • Based on the current rating, the market has been classified into upto 100A, 101A-600A and above 600A.
  • On the basis of the circuit configuration, the market has been categorized into 6-PAC, 7-PAC and others.
  • Based on the power device, the market has been bifurcated into IGBT and MOSFET.
  • On the basis of the application, the market has been segmented into consumer electronics, servo drives, transportation, renewable energy and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Fuji Electric Co.,LTD., Future Electronics, Infineon Technologies AG, Mitsubishi Electric Corporation, ON Semiconductor Corporation, ROHM Co., Ltd, Sanken Electric Co., Ltd, SEMIKRON Elektronik GmbH & Co KG, STMicroelectronics N.V., and Texas Instruments Incorporated.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Voltage Rating, Current Rating, Circuit Configuration, Power Device, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Fuji Electric Co. Ltd., Future Electronics Inc., Infineon Technologies AG, Mitsubishi Electric Corporation, ON Semiconductor Corporation, ROHM Co. Ltd, Sanken Electric Co. Ltd, SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics N.V. and Texas Instruments Incorporated
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Intelligent Power Module (IPM) Market to Grow at 6.8% During 2024-2032, Impelled by Increasing Demand for Energy-Efficient Consumer Electronics
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More