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

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

Report Format: PDF+Excel | Report ID: SR112024A2686
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Market Overview:

The global intelligent power module (IPM) market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.1 Billion
Market Forecast in 2032
US$ 3.8 Billion
Market Growth Rate 2024-2032 6.8%


An intelligent power module (IPM) refers to highly integrated and complex power modules used for optimizing the distribution and utilization of electrical power in data centers and other computer systems. It combines high- and low-speed insulated gate bipolar transistors (IGBTs) and diode power devices with integrated gate drives and protection housings. It provides control over voltage supply and offers temperature monitoring, voltage regulation, current limiting and load distribution. As a result, it is commonly used in consumer electronics, servo drives and renewable energy plants for enhanced circuit protection, smart load shedding and ensuring minimal instances of downtime and system redundancy.

Intelligent Power Module Market

Rapid industrialization, along with the increasing utilization of IPMs in renewable energy plants, is one of the key factors driving the growth of the market. They are widely used in both on-shore and off-shore wind turbine inverters, photovoltaic inverters and micro-inverters. Furthermore, the widespread utilization of IPMs in hybrid and electric vehicles (H/EVs) is also driving the market growth. They are used with high-power thyristors, which aid in minimizing the level of carbon emissions and enhancing the overall energy efficiency of the vehicle. In line with this, the increasing requirement for improved electrical monitoring systems in inductive cookers, high-frequency welding equipment, motor drives, uninterruptible power supplies (UPS) is also contributing to the market growth. Additionally, various technological advancements, such as the development of innovative IPMs integrated with artificial intelligence (AI) systems, are acting as other growth-inducing factors. These systems offer wide-area and coordinated control over large scale electrical power systems and real-time network simulation and performance analysis, which, in turn, is contributing to their increasing utilization. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent power module (IPM) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on voltage rating, current rating, circuit configuration, power device and application.

Breakup by Voltage Rating:

  • Upto 600V
  • 601V-1200V
  • More than 1200V
     

Breakup by Current Rating:

  • Upto 100A
  • 101A-600A
  • Above 600A
     

Breakup by Circuit Configuration:

  • 6-PAC
  • 7-PAC
  • Others
     

Breakup by Power Device:

  • IGBT
  • MOSFET
     

Breakup by Application:

  • Consumer Electronics
  • Servo Drives
  • Transportation
  • Renewable Energy
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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.

Report Coverage:

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., 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)

Key Questions Answered in This Report

The global Intelligent Power Module (IPM) market was valued at US$ 2.1 Billion in 2023.

We expect the global Intelligent Power Module (IPM) market to exhibit a CAGR of 6.8% during 2024-2032.

The rising deployment of Intelligent Power Module (IPM), as it assists in reducing the overall design and manufacturing costs, while significantly improving reliability of computer systems, is primarily driving the global Intelligent Power Module (IPM) market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for Intelligent Power Module (IPM).

Based on the voltage rating, the global Intelligent Power Module (IPM) market has been divided into upto 600V, 601V-1200V, and more than 1200V. Among these, upto 600V currently exhibits a clear dominance in the market.

Based on the current rating, the global Intelligent Power Module (IPM) market can be categorized into upto 100A, 101A-600A, and above 600A. Currently, upto 100A accounts for the majority of the global market share.

Based on the power device, the global Intelligent Power Module (IPM) market has been segregated into IGBT and MOSFET, where IGBT currently exhibits a clear dominance in the market.

Based on the application, the global Intelligent Power Module (IPM) market can be bifurcated into consumer electronics, servo drives, transportation, renewable energy, and others. Currently, consumer electronics hold the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global Intelligent Power Module (IPM) market include 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.

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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
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