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Intelligent Power Module Market worth 2.42 Billion USD by 2022
The report "Intelligent Power Module Market by Voltage Rating (Up To 600 V, 1200 V, Above 1200 V), Current Rating (Up To 100 A., 101-600 A, Above 600 A), Circuit Configuration, Power Device (IGBT, MOSFT), Vertical, and Region - Forecast to 2022", The IPM market size, in terms of value, is expected to grow from USD 1.33 Billion in 2015 to USD 2.42 Billion by 2022, at a CAGR of 9.0% between 2016 and 2022.
Browse 72 market data Tables and 73 Figures spread through 168 Pages and in-depth TOC on "Intelligent Power Module Market - Forecast to 2022"
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The ability of IPMs to increase system reliability by providing an enhanced level of monitoring is driving the demand for intelligent power modules. IPMs enable an overall improvement in the system reliability and performance. The integration of the protection and drive circuitries directly into IPM enables the reduction in design and development efforts. This significantly improves the time to market period for new products.
IGBT-based IPM market expected to grow at the highest CAGR during the forecast period
The market for IGBT-based intelligent power modules is expected to grow at the highest rate during the forecast period. IGBT-based IPMs combine the advantages of the low-loss high-speed IGBTs with protection and optimized gate drive circuitries. These IPMs continuously monitor the power device current by using IGBT chips with advanced current sensing capabilities. The modules also provide under-voltage lockout protection and over-temperature protection.
Consumer vertical expected to hold the largest market share
The consumer vertical is expected to hold the largest share of the intelligent power module market by 2022. The increasing demand in the consumer electronics sector for increased energy efficiency is a major opportunity for the growth of intelligent power modules in the segment. The market for the industrial vertical is expected to grow at a high rate between 2016 and 2022.
APAC expected to hold the largest market share and witness highest growth during the forecast period
APAC is expected to hold the largest market share and dominate the intelligent power module market between 2016 and 2022 owing to the growing demand of consumer goods and increasing energy requirements in emerging economies such as China and India. The APAC region has emerged as a strong manufacturing hub with leading manufacturers of consumer goods and increased manufacturing activities in the region. Cost advantages and initiatives by different countries in the region to boost domestic manufacturing are expected to provide further impetus for the growth of IPMs.
The major players in the intelligent power module market include Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), Semikron (Germany), Infineon Technologies AG (Germany), and ON Semiconductor Corporation (U.S.) among others.
The scope of the report covers detailed information regarding the major factors influencing the growth of the IPM market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the intelligent power module market.
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