Spiraling Demand of Autonomous and Electric Vehicles (EVs) to Drive Intelligent Power Module Market Growth

Intelligent Power Module Market

Intelligent power module is the integration of a hybrid power device including a control unit for enhanced performance along with a high-performance drive circuit from an insulated gate, and a bipolar transistor chip. It facilitates a custom integrated circuit for the implementation of self-protection functions like the possibility of a short circuit.

Global Intelligent Power Module Market: Growth Factors

One of the major factors driving the global intelligent power module market is the surging trend of transforming towards renewable energy for generating power. Such power modules assist in lowering the cost per watt and aid in optimizing power extraction from solar power. They are widely utilized in grid power-tied renewable energy and photovoltaic systems. Market players are constantly innovating new modules widely for solar energy to serve high demand. The growing government initiatives to reduce the emission of greenhouse gases like CO2 have further fueled the growth of the global intelligent power module market. Moreover, the surging demand for plug-in hybrid and electrical vehicles is anticipated to positively trace the trajectory of the global intelligent power module market during the forecast period. The growing number of electrical vehicles has boosted the market growth because the power modules assist in saving space and enhance vehicle performance along with the power density. The growing disposable income of people across the globe is fueling the demand for electrical vehicles which in turn is boosting the market growth globally. The constant surge in the demand for communication, entertainment, and other consumer goods is also bolstering the market growth significantly.

Global Intelligent Power Module Market: Segmentation

The global intelligent power module market can be segmented into end-users, power devices, circuit configuration, current rating, voltage rating, and region.

By end-users, the market can be segmented into aerospace & defense, automotive, ICT, industrial, consumer electronics, and others. The industrial segment accounts for the largest share in the global intelligent power module market. The segment comprises process industries, manufacturing industries, and the energy & power industry. Industrial devices like rollers, extruders, winders, cranes, compresses, conveyors, and pumps use powered modules for protecting and controlling the circuitry.

By power device, the market can be segmented into Metal Oxide Semiconductor Field Effect Transistor (MOSFET) and Insulated-Gate Bipolar Transistor (IGBT). The IGBT accounts for the largest share in the global intelligent power module market. IGBT-based sensors include high-speed IGBTs with effective protection circuitry.

By circuit configuration, the market can be segmented into 7 – PACK, 6 – PACK, and others.

By current rating, the market can be segmented into above 600 A, 101 A – 600 A, and up to 100 A. The up to 100 A segment dominates the market over others. Such IPMs suffice the need for domestic applications, which contain daily used appliances like dishwashers, air conditioners, and washing machines. The key audience of IPMs is the consumer electronics sector.

By voltage rating, the market can be segmented into above 1200V, 601 V – 1200 V, and up to 600V.

Global Intelligent Power Module Market: Regional analysis

Asia Pacific accounts for the largest share in the global intelligent power module market. The surging adoption of electric vehicles in growing economies like South Korea, India, and China is generating lucrative growth opportunities. Moreover, growing initiatives by the government like offering subsidies for the electric vehicle purchase is further fueling the growth of the regional market.

Global Intelligent Power Module Market: Competitive Players

Some of the significant players in the global intelligent power module market are Sanken Electric Co. Ltd, Hon Hai Precision Industry Co., Ltd, Fuji Electric Co. Ltd, ON Semiconductor, Mitsubishi Electric Corporation, Texas Instruments Incorporated, Infineon Technologies, ROHM Semiconductors, NV, Vincotech GmbH, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, silent knight, Sensitron Semiconductor, Semikron, Sanken Electric Co., Ltd, Renesas Electronics Corporation, Powerex Inc., On Semiconductor Corporation, Microsemi, Future Electronics, Fuji Electric Co. Ltd, CISSOID, Sanken Electric Co. Ltd, and Hon Hai Precision Industry Co., Ltd.

Mark Hansley

About Mark Hansley

Mark Hansley with a Master’s Degree in Economics and a total experience of 7 years in the writing world, he has been among the most dedicated and lively person of the portal’s team. Also, Mark takes the entire accountability of the Business domain of this portal. He has been a part of this portal for 5 years now. Mark also trains new joiners. He writes his opinion and thoughts via news reports and blogs that entails interviews of prominent industry personalities, deals & agreements, new developments, stock markets, financial affairs, start-ups, mergers & acquisitions, cryptocurrency, digital economy, and much more.

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