North America Intelligent Power Module Market to cross $900 Mn by 2026

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North America Intelligent Power Module Market to
cross 900 Mn by 2026 Graphical Research
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North America Intelligent Power Module Market
Size is estimated to reach USD 900 Million By
2026. The North America intelligent power module
market is gaining traction will grow due to
increasing adoption of smart home appliances in
the region. Intelligent power modules up to 10A
current rating are embedded into hydronic pumps,
drain pumps, and compressor control systems of
home appliances including refrigerators, washing
machines, and air conditioners, among others.
These devices offer high-performance and energy
efficiency, fueling market growth. In January
2020, Samsung US expanded its product portfolio
in the kitchen and bath industry by launching
Family Hub refrigerator offering intelligent
control. The new device consumes less power and
will accelerate the market growth of intelligent
power module in home appliances.   The
Insulated-Gate Bipolar Transistor (IGBT) power
device segment holds majority of the North
America intelligent power module market share of
over 70 in 2019 and is anticipated to grow at a
CAGR of 8 from 2020 to 2026. The growth is
attributed to the growing demand for industrial
automation, motor control used in home appliances
and on-board charging of automotive in the
region. IGBT IPMs are also used for supplying
uninterrupted power and in renewable energy
systems and inverters. Simple gate drive
circuitry, low switching speeds (lt50 kHz), and
reduced losses with high voltage and current are
the factors fueling the growth of the IGBT IPM
market. Several existing players are focusing on
strategic acquisition for expanding their product
offerings. For instance, in March 2018, Microchip
acquired Microsemi Corporation for extending its
product portfolio of power electronics including
IGBT IPM category. Such activities in the U.S.
will increase the adoption of IGBT intelligent
power modules in industrial devices.
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Canada accounted for over 15 market share in
2019 and will grow at a CAGR of 5 from 2020 to
2026 in the North America intelligent power
module market. The adoption of electric vehicles
and battery-operated vehicles in the country will
augment the EV charging stations and
battery-powered establishments embedded with IPM,
accelerating the market growth. Lower vehicle
prices, increased driving range, and faster
charging times are bolstering the population to
buy Electric Vehicles, accelerating the sales in
the region. For instance, in May 2019, to mark
Earth Day, the Federal Government of Canada
introduced a new iZEV program, which offers
incentives to buyers of zero-emission electric
vehicles in British Columbia and Quebec
anticipated to fuel the industry growth.   Key
players in the North America intelligent power
module market are extensively focusing on
strategic acquisitions and new product
innovations to provide technically-advanced
products and stay competitive in the market. Some
of the key local players in the market are Future
Electronics, Sensitron Semiconductor, Arrow
Electronics Inc., ON Semiconductor Corporations,
and Powerex. In January 2018, Arrow Electronics
Inc. acquired elnfochips headquartered in the
U.S.. This acquisition will enhance the companys
product portfolio as elnfochips develops and
designs managed services embedded with IPM.  
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Segmentation of North America Intelligent Power
Module Market North America Intelligent Power
Module Market, By Voltage Rating Up to 600 V 1200
V Intelligent Power Module Market, By Current
Rating Up to 20 A 20 A100 A North America
Intelligent Power Module Market, By Power
Devices Insulated-Gate Bipolar Transistor
(IGBT) Metal Oxide Semiconductor Field Effect
Transistor (MOSFET) North America Market, By
Application Consumer Electronics Industrial Renewa
ble Energy The above information has been
provided for the following countries North
America U.S. Canada    
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