Intelligent Power Module Global Market Size, Share, By Power Device, By Application, By Voltage Rating, By Region And Segment Forecasts, 2024-2033

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Intelligent Power Module Global Market Report
2023
Market Size, Trends and Global Forecast 2023-2032
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Intelligent Power Module Market Segments
The Business Research Company segments its
intelligent power module market report as
Insulated-Gate Bipolar Transistor (IGBT), Metal
Oxide Semiconductor Field Effect Transistor
(MOSFET)
By Power Device
Up To 600 V, 6011,200 V, Above 1,200 V
By Voltage
Consumer Electronics, Automotive, Industrial,
Aerospace, Defense, Other Verticals
By Vertical
By Application
Renewable Energy Generation, Home Appliances,
Electric Vehicles, Servo Drives, Other
Applications
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Intelligent Power Module Market Statistics
The intelligent power module market size has
grown rapidly in recent years. It will grow
from 2.27 billion in 2023 to 2.64 billion in
2024 at a compound annual growth rate (CAGR) of
16.1. The intelligent power module market size
is expected to see rapid growth in the next few
years. It will grow to 4.48 billion in 2028 at a
compound annual growth rate (CAGR) of 14.1.
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Key Market Drivers And Trends
Drivers
Rising demand for consumer electronic devices is
expected to propel the growth of the intelligent
power module going forward.
Trends
The increasing demand for electric vehicles is
driving the growth of the intelligent power
module market going forward. 
Region
Asia-Pacific was the largest region in the
intelligent power module market in 2023 and is
expected to be the fastest-growing region in the
forecast period. The regions covered in the
intelligent power module market report include
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East and
Africa.
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Key Market Players

• Major players in the intelligent power module
  market are
• Fuji Electric Co. Ltd.
• Powerex Inc.
• Power Integrations Inc.
• ABB Ltd.
• SanRex Corporation
• And more.

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