HOME › Research Insight › Players Adopt Various Strategies such as new Product Launches, Partnerships, Agreements, Collaborations, Expansions, and Acquisitions to Achieve Growth in the Intelligent Power Module Market
Players Adopt Various Strategies such as new Product Launches, Partnerships, Agreements, Collaborations, Expansions, and Acquisitions to Achieve Growth in the Intelligent Power Module Market
According to the MarketsandMarkets report, the intelligent power module market, in terms of value, is expected to grow from USD 1.33 Billion in 2015 to USD 2.42 Million by 2022, at a CAGR of 9.0% between 2016 and 2022. The key players in the IPM market are Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), Semikron (Germany), Infineon Technologies AG (Germany), and ON Semiconductor Corporation (U.S.). These players collectively account for approximately 80% share of the intelligent power module market. These players rely on their strong R&D capabilities and a balanced products and services portfolio to increase their customer base in the IPM market. Other players profiled in the report include STMicroelectronics N.V. (Switzerland), ROHM Co., Ltd. (Japan), Sanken Electric Co., Ltd. (Japan), Fairchild Semiconductor International, Inc. (California, U.S.), Vincotech GmbH (Unterhacing, Germany), Powerex Inc. (Pennsylvania, U.S.), and Future Electronics Inc. (Quebec, Canada).
Players adopt various strategies such as new product launches, partnerships, agreements, collaborations, expansions, and acquisitions to achieve growth in the intelligent power module market. Mitsubishi Electric Corp. (Japan) is a leading player in the intelligent power module market. The company possesses a strong portfolio of power modules under the electronic devices segment and holds a significant share of the intelligent power module market. Investments in R&D have helped the company develop a strong portfolio of products and services and maintain its competitive position in the IPM market. Fuji Electric Co., Ltd. (Japan) has robust research and development and it actively collaborates with external organizations to develop new technologies.
Launching new products in the market was the key strategy adopted by all major players in the IPM market. Periodically introducing new IPM models in the market is important for key players to keep up with changing customer needs as well as new products introduced by competitors in the marketplace. Semikron announced the launch of its Miniskiip IPM (intelligent power module) designed and developed for inverter applications of up to 15kW; STMicroelectronics N.V. launched its new 600V intelligent power modules (IPMs) that enhance the reliability and efficiency of motor drives in pumps, compressors, fans, and other industrial and domestic appliances.
The key players also adopted strategies such as acquisitions and expansions to increase their geographic presence, and expand their product portfolio, and reach untapped markets. ON Semiconductor Corporation entered into a definitive agreement with Fairchild Semiconductor International, Inc. (U.S.) to acquire the latter in an all-cash transaction valued at approximately USD 2.4 billion. Infineon Technologies AG purchased the outstanding shares of LS Power Semitech Co., Ltd. (South Korea). This strategic acquisition enabled Infineon to increase its footprint in the global IPM market.
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
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