Intelligent Power Module (IPM) Market Outlook 2031:
The global Intelligent Power Module (IPM) market size was valued at USD 1.76 Billion in 2022 and is projected to reach USD 4.08 Billion by 2031, expanding at a CAGR of 9.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the innovation in personal computing applications.
Intelligent power management (IPM) is a mix of equipment and programming that improves the conveyance and utilization of electrical force in PC frameworks and server farms. While the establishment of IPM includes direct upfront expense and recurring costs, the innovations can save expenses in the long haul due to decreased electric bills, fewer interruptions, and extended equipment life.
The high demand for the current IPM to battle the pandemic lead to a shortage in supply for different items despite excessive costs. The year 2020 was overwhelmed by the COVID-19 pandemic, which disrupted the market growth.
Intelligent Power Module (IPM) Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of wind energy (turbines) is expected to drive the market growth for IPM devices during the forecast period.
- Rising demand for consumer electronic products across the globe is estimated to positively influence the market growth during the forecast period.
- Poor integration of multiple features can restrain market growth.
- Ongoing development of security technologies can create lucrative opportunities during the forecast period.
Scope of Intelligent Power Module (IPM) Market Report
The report on the global intelligent power module (IPM) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Intelligent Power Module (IPM) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Operational Voltage (600V and 1200V), Power Devices (IGBT and MOSFET), Applications, (Consumer Electronics Servo Drives, Transportation, Renewable Energy, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Mitsubishi Electric Corp; Infineon Technologies AG, Fuji Electric Co. Ltd; Fairchild Semiconductors, ROHM Co. Ltd; ST Microelectronics NV; and ON Semiconductor Corporation.
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Intelligent Power Module (IPM) Market Segment Insights
1200V segment is projected to hold a significant market share
Based on operational voltage, the market is divided into 600V and 1200V. The 1200V segment is estimated to account for a significant market share during the forecast period, as it exhibits higher system efficiency. However, the 600Vsegment is anticipated to exhibit a substantial CAGR during the forecast period.
MOSFET segment is anticipated to hold a large market share
Based on power devices, the market is segregated into IGBT and MOSFET. The IGBT (insulated-gate bipolar transistor) segment is projected to constitute a significant market share during the forecast period. On the other hand, the MOSEFET is expected to account for a major market share due to higher efficiency and wide range of applications.
Renewable energy segment is projected to expand at a considerable CAGR
Based on applications, the market is segregated into consumer electronics servo drives, transportation, renewable energy, and others. The renewable energy is projected to expand at a considerable CAGR during the forecast period.
Expansion in discharge of ozone harming substances (GHGs), especially CO2, owing to high usage of petroleum derivatives for the age of energy is probably going to increase the interest for sustainable power, spurring the segment growth.
North America to constitute a considerable market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is projected to account for a key market share owing to presence of major automotive players in the region.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to rapid development in the automotive industry.
Segments
Operational Voltage
Power Devices
Applications
- Consumer Electronics
- Servo Drives
- Transportation
- Renewable Energy
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players in the Intelligent Power Module (IPM) Market are Mitsubishi Electric Corp; Infineon Technologies AG, Fuji Electric Co. Ltd; Fairchild Semiconductors, ROHM Co. Ltd; ST Microelectronics NV; and ON Semiconductor Corporation.
Organizations are focusing on partnering with local manufacturers and working together with other industry players to extend their market share.
In May 2019, Mitsubishi Electric Corporation dispatched one of the modules to accomplish the world's first high-thickness yield of 100A/1200V in its exchange shape bundle.