Intelligent Power Module Market Size, Trends, Forecast 2027

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MarketsandMarkets Presents

Intelligent Power Module Market Size, Trends,
Forecast 2027 Intelligent Power Module Market by
Voltage Rating (Up to 600 V, 601-1,200 V, Above
1,200 V), Current Rating, Circuit Configuration
(6-Pack, 7-Pack), Power Devices (IGBT, MOSFET),
Vertical, Region (North America, Europe, APAC,
RoW) - Global Forecast to 2027 https//www.market
sandmarkets.com/Market-Reports/intelligent-power-m
odule-market-93744487.html
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207 Pages Report The global intelligent power
module market size is anticipated to grow from
USD 1.8 billion in 2022 to USD 3.0 billion by
2027, at a CAGR of 10.7 from 2022 to
2027. Rising requirements for power generation
through renewable sources, focus of OEMs on
providing novel and efficient energy and power
monitoring modules as well as surging demand for
IPMs in industrial, automotive and consumer
electronics vertical are some of the major
factors propelling the growth of intelligent
power module market. Browse 183 market data
Tables and 52 Figures spread through 207 Pages
and in-depth TOC on "Intelligent Power Module
Market by Voltage Rating (Up to 600 V, 601-1,200
V, Above 1,200 V), Current Rating, Circuit
Configuration (6-Pack, 7-Pack), Power Devices
(IGBT, MOSFET), Vertical, Region (North America,
Europe, APAC, RoW) - Global Forecast to 2027"
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The intelligent power module market in Asia
Pacific to grow at the highest CAGR during the
forecast period Asia Pacific is expected to be
the largest contributor to intelligent power
module market during the forecast period. Rapid
industrialization and infrastructure developments
are driving the growth of consumer electronics
and automotive industries in China that is
expected to increase the demand for intelligent
power modules in the country. Additionally, there
has been observed a growing number of industrial
activities due to growing focus of governments on
generating power through renewable sources. This
ia also expected to provide opportunity for
market. Thus, the surging demand for consumer
electronics and automotive due to EVs and HEVs as
well as other industrial activities in the region
will drive huge demand for intelligent power
module market in Asia Pacific. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id93744487 Key Market Players The
intelligent power module markets players have
implemented various types of organic as well as
inorganic growth strategies, such as product
launches, product developments, partnerships, and
acquisitions to strengthen their offerings in the
market. The major players in the market are
Mitsubishi Electric (Japan), ON
Semiconductor(US), Infineon Technologies(Germany),
Fuji Electric(Japan), and Semikron (Germany)
among others.
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Upto 600 V segment is expected to have the
largest size of the intelligent power module
market in 2021 The market for the up to 600 V
segment held the largest share of the overall
market in 2021. IPMs with voltage ratings up to
600 V exhibit various features, such as reduced
time to market, increased reliability, and
reduced system cost and space. IPMs with a
voltage rating of up to 600 V comprise rugged and
efficient high-voltage MOSFETs and IGBTs
specifically optimized for variable frequency
drives. These IPMs are widely used in consumer
electronics. They provide a compact design and
high performance for AC motor drives. IPMs using
600 V IGBTs are used in industrial applications
such as driving fans, pumps, and compressors. All
these features are expected to surge demand for
the said segment in intelligent power module
market. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id937444
87 The market for consumer electronics vertical
is expected to grow at a higher CAGR during the
forecast period The consumer electronics segment
is projected to grow at a higher CAGR of the
intelligent power module market during the
forecast period. The growing use of consumer
electronic devices, such as smartphones, tablets,
and smart wearables, is expected to drive the
demand for power electronics devices in power
management applications. The increasing adoption
of power electronics in home appliances is also
expected to boost the growth of the consumer
electronics segment. Manufacturers of consumer
electronics are shifting from fixed-speed drives
to inverter-based motor controls. Inverter-based
control can adjust the speed and torque of the
motor instead of just turning the motor on and
off the way fixed-speed drives do.
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Opportunity Growing adoption of GaN and SiC
materials in automobile and power semiconductor
applications The emergence of wide band gap
materials, such as GaN and SiC, has changed the
landscape of the power electronics market. These
new semiconductor materials offer better thermal
conductivity and higher switching speeds and are
smaller than traditional silicon (Si) ones. The
use of SiC and GaN has resulted in improvements
in existing semiconductor technologies, such as
MOSFETs and isolated gate bipolar transistors
(IGBTs). These materials can be used for a wide
range of applications. The fastest-growing
applications of SiC include electric vehicles
(EVs) and EV charging, where SiC plays a vital
role in fast chargers and charging stations.
While driving an EV, the electronics system is
designed to support the complete load of the
vehicles power capability, which is achievable
with SiC-based designs. They are also used in EV
inverters, increasing the systems efficiency by
up to 80. The major advantage of SiC is its
drastic efficiency increase. Besides its nearly
immediate adoption in energy-oriented industries,
such as EVs and solar energy, SiC increases the
efficiency of electronics across industries and
helps reduce carbon footprint worldwide. Several
prominent players, such as ON Semiconductors (US)
and Infineon (Germany), are tapping into the
market. SiC finds applications in photovoltaics,
UPS, motor drives, and power supply Challenge
Designing and operational challenges related to
next-generation intelligent power modules
(IPMs) The new generation of IPMs enables
continuous monitoring of several important module
parameters. With the help of supporting software,
IPMs generate a significant amount of data.
Utilizing the data efficiently is a significant
engineering challenge. Moreover, an increase in
processing power is required to efficiently use
the data generated by IPMs. Design challenges
related to electromagnetic interference (EMI)
increase with the rise in switching frequency.
Thus, IPMs operating at high switching
frequencies may be more compact but create more
design complexities. These technical challenges
need to be addressed for further development of
the IPM market.
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