Market Overview
The global Intelligent Power Module Market spans across North America, Europe, Asia-Pacific, and the rest of the world. The rising demand for consumer electronic devices, the rising trend of renewable energy resources, and rising adoption of electric and hybrid vehicles which are some of the factors expected to drive the Intelligent Power Module Market during the forecast period. However, the high-power dissipation of small IGBT modules is expected to limit the market growth during the forecast period.
Key Players
Some of the prominent players in the global intelligent power module market are STMicroelectronics N.V. (Switzerland), ROHM Semiconductor (Japan), Infineon Technologies AG (Germany), Texas Instruments Incorporated (US), Mitsubishi Electric Corporation (Japan), ON Semiconductor (US), Fuji Electric Co. Ltd (Japan), Hon Hai Precision Industry Co., Ltd (Taiwan), and Sanken Electric Co. Ltd (Japan) among others.
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Intelligent Power Module Market - Segmentation
The global intelligent power module market has been segmented on the basis of type, application, and region. The market, by voltage rating, has been segmented into Up to 600V, 601–1200V, and more than 1200V. By current rating, the market has been segmented into up to 100A, 101–600A, and more than 600A. By circuit configuration, the market has been segmented into 6-pack, 7-pack, phase bridge, and dual. By power device, the market has been segmented into IGBT and MOSFET. By application, the market has been segmented into consumer electronics, automotive, renewable energy, and others.
Intelligent Power Module Market - Regional Analysis
The geographic analysis of the intelligent power module market has been conducted for North America, Europe, Asia Pacific (APAC), and the rest of the world (RoW).
Asia-Pacific is expected to dominate the intelligent power module market during the forecast period due to the high presence of electronic component manufacturing industries and suppliers. The key players in the region include various tier 1 component manufacturers and foundries such as Taiwan Semiconductor, Panasonic Corporation, and Foxconn. The end users of intelligent power modules are limited to China, South Korea, Australia, Japan, and India. However, the users in other countries do not require IMPs in industrial as well as commercial applications. Therefore, the limited availability of end users in the rest of Asia-Pacific poses as a challenge for market growth. The rapid fluctuations in economic stability largely impact the sales and profits of in-house international companies.
North America was the second largest market in 2017, valued at USD 514.9 million; the market is projected to exhibit a CAGR of 9.3%. The presence of tier-1 manufacturers such as Texas Instruments, and ON Semiconductor in the US is driving the growth of the intelligent power module market.
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The integration of 1200V voltage rated intelligent power module in consumer electronics devices is also fueling market growth. The key players in the region are investing in enhancing the capabilities of power module devices and related ICs for applications in security and surveillance in the US and Canada. The growth of the Canadian IPM market is highly dependent on the production of electric vehicles in the country. Moreover, the consumer electronics industry in Canada is growing at a high rate which is further increasing the demand for intelligent power modules. The end users of intelligent power modules are well aware of its application and are increasingly adopting IPMs in their products for better power efficiency. As a result, the companies operating in the region are constantly launching new products integrated with IPMs to enhance the level of quality and for implementing innovative designs.
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The global Intelligent Power Modules (IPM) Market size will grow exponentially during 2019-2026.
This report offers an analysis of the market based on the product, end-user, distribution channel and geography (the Americas, APAC, and EMEA).
The Intelligent Power Modules (IPM) Market research report further analyzes the market’s competitive landscape and offers information on several companies.Intelligent Power Modules (IPM) Market report provides in-depth insight of the Intelligent Power Modules (IPM) industry masking all vital parameters along with Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, New Challenge Feasibility Evaluation, Intelligent Power Modules (IPM) market Share via Region, Analysis and Guidelines on New mission Investment.Free Sample PDF (including TOC, Tables and Figures) of Intelligent Power Modules (IPM) Market @ https://www.millioninsights.com/industry-reports/intelligent-power-module-ipm-market-report/request-sampleThe IPM market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Intelligent power modules (IPM) market is segmented by voltage rating, current rating, circuit configuration, power device, application, vertical and geography.
The market is segmented by voltage rating as 1200V, Up to 600V and above 1200V.The intelligent power modules market is segmented based on vertical as Industrial (UPS, Servo Drive, Transportation, Renewable Energy, and Others), and Consumer (Washing Machine, Refrigerator, Air Conditioner, and Others).
The consumer segment accounted for a prominent share in the market.
Market Research Future (MRFR) in its new research study, asserts that the Global Automotive Power Modules Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 21% CAGR in the forecast period of 2018 to 2023.The inverter, converter and battery management systems are the essential power modules used in the automotive industry.
The use of power module helps to enhance performance, safety, increase mileage, improve battery efficiency and driving experience.
The growing uses and the advancement in electric and hybrid electric vehicles are imposing new standards in electrical component and systems, which have the ability to work in non-conventional environments and outside non-conventional temperature range.
Key PlayersThe prominent players in the global Automotive Power Modules Market include STMicroelectronics (Switzerland), ON Semiconductor (US), Robert Bosch GmbH (Germany), Fuji Electric Co. (Japan), Infineon Technologies (Germany), Renesas Electronics Corporation (Japan), Continental AG (Germany), NXP Semiconductors (Netherlands), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Rohm Semiconductor (Japan).Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7302Scope of the ReportThis study provides an overview of the global Automotive Power Modules market, tracking four market segments across four geographic regions.
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World.
The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
