Intelligent Power Module Market With COVID-19 Impact Analysis by Voltage Rating, Current Rating, Circuit Configuration, Power Devices (IGBT & MOSFET), Vertical (Consumer Electronics, Industrial, Automotive), and Region - Global Forecast to 2025
[171 Pages Report] The intelligent power module market was valued at USD 1.6 billion in 2020 and is projected to reach USD 2.7 billion by 2025. It is expected to grow at a CAGR of 12.2% during the forecast period. Growing focus of worldwide governments on generating power using renewable sources, rising adoption of electric vehicles globally, increasing use of IPMs to improve system reliability and performance, and surging utilization of IPMs in the personal computing applications owing to their compact design and increased energy efficiency are the key driving factors for the intelligent power module market.
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Market Dynamics:
Driver: Growing focus of worldwide governments on generating power using renewable sources
In the Americas and Europe, governments are increasing their focus on upgrading the existing power infrastructure. In developing regions, the existing power supply resources are widely utilized because of the growing power consumption. The need to enhance power infrastructure and concerns regarding the use of renewable power supplies are growing globally. Governments worldwide are increasingly investing in renewable energy sources, such as solar and wind, and are working on formulating better feed-in-tariff policies to provide photovoltaic projects equipped with grid connections.
European countries are also focusing on renewable energy generation sources. In December 2018, the revised renewable energy directive 2018/2001/EU entered into force, as part of the Clean Energy for all Europeans Package, aimed at keeping the EU a global leader in renewables and, more broadly, helping the EU meet its emissions reduction commitments under the Paris Agreement. The new directive establishes a new binding renewable energy target for the EU for 2030 of at least 32%, with a clause for a possible upward revision by 2023. Likewise, India is also focusing on promoting the use of solar energy. The Government of India declared that 31,696 megawatts (MW) of grid-connected solar power generation capacity had been set up in the country till October 2019, with a target to install another 100,000 MW by December 2022.
IPMs have applications in both solar and wind energy systems; thus, the increase in the number of renewable energy projects worldwide is expected to drive the growth of the intelligent power module market during the forecast period. IPMs are also used extensively in renewable energy generation sectors such as solar energy plants, wind energy plants, and tidal energy plants. The initiatives taken by governments to encourage the use of renewable energy are also expected to drive the intelligent power module market.
Restraint: Sluggish adoption of new technologies
One of the factors inhibiting the growth of the IPM market is the slow adoption of new technologies in the market. One of the current market trends is the use of digital interfaces. Experienced design engineers who do not have much knowledge about digital interfaces are more comfortable with analog technologies. However, digital IPMs enable the collection of a vast amount of data. The adoption of new trends and technologies in IPMs is essential for the rapid growth of the IPM market. Although engineers are interested in new technologies and associated benefits, designing a control structure is a challenge. Hence, the pace of adoption of new technologies is relatively slow in the IPM market, which would act as a restraining factor for the growth of the technology.
Moreover, the players operating in the intelligent power modules industry are focusing on integrating multiple functionalities in a single chip, which results in complex designing. The designing and integration of complex devices require special skillsets, robust methodology, and toolsets, which increase the overall cost of the devices. The high cost of the devices is expected to hamper the switching process toward advanced technological devices.
Evolving technologies are generating demand for more functionalities to be integrated into system on chip (SoC), which makes devices smaller and efficient. There is a high requirement for the reduction in power consumption in SoCs across CPUs, GPUs, wearables, and mobile devices. The integration of multiple features into a single IC is a complex task because of different functionalities, operating modes, and operating voltages, which is expected to restrain the growth of the intelligent power module market during the forecast period.
Opportunity: Increasing demand of IPMs from consumer electronics sector
IPMs enable engineers to explore the characteristics of IGBTs, such as high-speed and low-saturation voltage, and combine it with strong protection technologies. The growing demand in the consumer electronics sector for increased energy efficiency is a major opportunity for the growth of the IPM market. There is a lot of pressure on design engineers to reduce energy consumption and limit energy costs. AC units, compressors, and fans are products with huge potential for energy savings. However, demanding EMC specifications, limited space, and harsh operating environments pose tough design challenges for engineers. IPMs offer design engineers a smart solution by integrating all the necessary power semiconductors and the driver circuit in a single integrated package. Thus, IPMs help engineers simplify product design and meeting their energy efficiency goals.
The power electronics devices in consumer electronics help in minimizing power consumption. Any consumer electronic product that requires electrical power from a battery needs a power management solution to convert electrical energy. The increasing adoption of consumer and connected devices is expected to drive the growth of the market. Power electronic products are used in a large number of home appliances, such as air-conditioning power supplies, washing machines, dishwashers, and induction heaters. Most power electronics used today are improving control of loads, such as variable-speed drives for motors that drive fans, pumps, and compressors, or in switching power supplies found in most consumer electronics.
Challenge: Technical challenges associated with next-generation of IPMs
The new generation of IPMs enables continuous monitoring of several important module parameters. With the help of supporting software, IPMs generate a significant amount of data. Utilizing the data efficiently is a significant engineering challenge. Moreover, an increase in processing power is required for the efficient use of the data generated by IPMs. Design challenges related to electromagnetic interference (EMI) increase with the increase in switching frequency. Thus, IPMs operating at high switching frequencies may be more compact, but they create more design complexities. These technical challenges need to be addressed for further development of the IPM market.
IPM with current rating up to 100 A to account for a largest share of the intelligent power module market by 2025
IPMs with a current rating of up to 100 A suffice the purpose of domestic applications, which comprise daily use appliances such as washing machines, air conditioners, and dishwashers. Such IPMs are manufactured by all major players, such as Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), ON Semiconductor Corporation (US), and Infineon Technologies AG (Germany). The key target segment of these IPMs is the consumer electronics sector. Some of the benefits of these IPMs are the cost savings from a smaller footprint and reduced PCB space. Easy implementation of 2- or 3-phase motor drives with half-bridge IPMs and half-bridge configuration enables a more flexible board design with better thermal performance.
IGBT intelligent power modules accounted for the largest market share in 2019
IGBT-based IPMs combine the advantages of low-loss, high-speed IGBTs with protection circuitry and optimized gate drive. The switching time of IGBT IPM is faster than bipolar transistors but slower than that of MOSFETs. These IPMs continuously monitor the power device current by using IGBT chips with advanced current sensing capabilities. The gate (base) drive circuit is simple. The modules also provide undervoltage lockout protection and overtemperature protection. IGBT-based IPM modules are available across all the current and voltage rating categories. Manufactured by all the key players in the market, IGBT-based IPMs have seen continuous improvements in packaging, power chip, and control chip technology. IPMs using 600 V IGBTs are used in consumer and industrial applications for driving fans, pumps, and compressors.
Industrial vertical accounted for the largest market share in 2019
Industrial is among the key verticals for the IPM market. In 2019, this vertical held ~46% share of the overall market. The industrial segment comprises industrial manufacturing, process industries, and energy & power industry. Industrial devices, such as pumps, conveyors, compressors, cranes, winders, extruders, and rollers, use powered modules for controlling and protecting the circuitry. Processes such as electroplating, electrolysis, welding, lighting, induction heating, and other industrial operations employ power modules to use electric power efficiently and safely. The ease of manufacturing has led to the availability of these devices in a vast range of current ratings and high voltage ratings. IPMs control almost all the motors employed in rolling mills, textile mills, and cement mills.
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APAC to account for the largest market share during the forecast period
APAC is expected to hold the largest share of the intelligent power module market in 2020. China is the world’s largest producer and end user of consumer electronics devices, such as smartphones, tablets, and home appliances. The increasing need for power management in consumer electronics products is fueling the demand for intelligent power modules in the consumer electronics vertical.
Industrial automation and the need for efficient use of power for various industrial applications are further driving the demand for power electronics devices in the industrial vertical. Renewable energy generation is one of the key revenue pockets for the intelligent power market in APAC. Governments in multiple countries of the region are motivating the shift toward renewable energy generation, mainly photovoltaics or solar, through offers and subsidies.
Fast-track adoption of electric vehicles across the region is also a chief factor driving the intelligent power module market growth. Various countries in APAC have set targets to increase the adoption of electric vehicles to reduce pollution levels. For instance, China has raised its 2025 sales target for electrified cars; the country wants about 25% of new cars sold by 2025 to be electrified. The Japanese government has aimed to have all new cars sold in Japan to be electric or hybrid vehicles by 2050. Likewise, the Korean government is aiming to achieve electrification of 33% of new vehicles by 2030. All these factors are expected to drive the growth of the intelligent power module market in APAC.
Key Market Players
Include Mitsubhishi Electric (Japan), ON Semiconductor (US), Infineon Technologies (Germany), Fuji Electric (Japan), and Semikron (Germany), are among the major players in the intelligent power module market.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Availability for Years |
2017–2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020–2025 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
By voltage rating, current rating, circuit configuration, power devices, and vertical |
|
Geographies Covered |
North America, Europe, APAC, and RoW |
|
Companies Covered |
Mitsubhishi Electric, Infineon Technologies, ON Semiconductors, Fuji Electric, and STMicroelectronics |
This research report categorizes the intelligent power module market, voltage rating, current rating, circuit configuration, power devices, vertical, and region
Based on Voltaeg Rating:
- Up To 600V
- 601 V – 1200 V
- Above 1200V
Based on Current Rating:
- Up To 100 A
- 101 A – 600 A
- Above 600 A
Based on the Circuit Configuration:
- 6 – PACK
- 7 – PACK
- Others
Based on Power Devices:
- IGBT
- MOSFET
Based on Vertical:
- Consumer Electronics
- Industrial
- ICT
- Automotive
- Aerospace & Defense
- Others
Based on the region
- North America
- Europe
- APAC
- RoW (South America, Middle East & Africa)
Recent Developments
- In December 2020, Infineon Technologies AG has launched a 1200 V transfer molded silicon carbide (SiC) integrated power module (IPM) and concludes the massive roll-out of SiC solutions for this year. The CIPOS™ Maxi IPM IM828 series is the industry’s first in this voltage class. The series provides a compact inverter solution with an excellent thermal conduction and a wide range of switching speed for three-phase AC motors and permanent magnet motors in variable speed drive applications. Amongst others, these can be found in industrial motor drives, pumps drives, and active filters for heating, ventilation, and air conditioning (HVAC).
- In June 2020, Mitsubishi Electric Corporation announced that it will acquire buildings and land from Sharp Fukuyama Semiconductor Co., Ltd., a wholly owned subsidiary of Sharp Corporation located in Fukuyama, Hiroshima Prefecture, Japan. The acquired properties will serve as a new site where Mitsubishi Electric's Power Device Works will process wafers for the manufacture of power semiconductors. New production facilities scheduled to start up in November of next year will enable Mitsubishi Electric to expand its power device business.
- In March 2020, GT Advanced Technologies (US) and ON Semiconductor announced their 5-year agreement for production and supply of silicon carbide material, valued at $50 million. With this agreement, GT Advanced Technologies will produce and supply its CrystX silicon carbide (SiC) material to ON Semiconductor, a global leader in driving energy efficient innovations, for use in high-growth markets and applications.
- In May 2019, Mitsubishi Electric Corporation launched three new Large DIPIPM+TM transfer-mold intelligent power modules featuring loading-converter circuits that realize simpler and more compact designs for use in air-conditioner and industrial inverters. One of the new modules achieves a world's first high-density output of 100A/1200V in its transfer-mold package.
- In December 2019, ON Semiconductor released the first two devices from its new VE-Trac family of power modules for high voltage automotive traction inverters. These two-power integrated module (PIM) devices bring best-in-class electrical and thermal performance while providing scalability and automotive reliability to the rapidly growing market for traction inverters.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 INTELLIGENT POWER MODULE MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 GEOGRAPHIC SCOPE
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 26)
2.1 RESEARCH DATA
FIGURE 2 INTELLIGENT POWER MODULE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUES GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN INTELLIGENT POWER MODULE MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE ANALYSIS)
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 INTELLIGENT POWER MODULE MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
TABLE 1 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 37)
3.1 INTELLIGENT POWER MODULE MARKET: SCENARIO ANALYSIS
FIGURE 9 INTELLIGENT POWER MODULE MARKET: OPTIMISTIC, REALISTIC, PESSIMISTIC, AND PRE-COVID-19 SCENARIO ANALYSES (2017–2025)
3.2 INTELLIGENT POWER MODULE MARKET: OPTIMISTIC SCENARIO
3.3 INTELLIGENT POWER MODULE MARKET: PESSIMISTIC SCENARIO
FIGURE 10 INTELLIGENT POWER MODULE MARKET SIZE, 2017–2025
FIGURE 11 INTELLIGENT POWER MODULES HAVING VOLTAGE RATINGS UP TO 600 V TO CAPTURE LARGEST SIZE OF INTELLIGENT POWER MODULE MARKET IN 2020
FIGURE 12 INTELLIGENT POWER MODULES WITH CURRENT RATING OF UP TO 100 A TO CAPTURE LARGEST SIZE OF INTELLIGENT POWER MODULE MARKET IN 2020
FIGURE 13 IGBT TO CAPTURE LARGER SIZE OF INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE, IN 2020
FIGURE 14 6-PACK INTELLIGENT POWER MODULES TO ACCOUNT FOR LARGEST SIZE OF INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION, IN 2020
FIGURE 15 CONSUMER ELECTRONICS TO BE FASTEST-GROWING VERTICAL IN INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD
FIGURE 16 APAC TO HOLD LARGEST SHARE OF INTELLIGENT POWER MODULE MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 45)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INTELLIGENT POWER MODULE MARKET
FIGURE 17 INCREASING DEMAND FROM CONSUMER ELECTRONICS AND INDUSTRIAL VERTICALS PROPELLING INTELLIGENT POWER MODULE MARKET GROWTH
4.2 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING
FIGURE 18 INTELLIGENT POWER MODULES WITH VOLTAGE RATING OF UP TO 600 V TO HOLD LARGEST MARKET SHARE IN 2025
4.3 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING
FIGURE 19 INTELLIGENT POWER MODULES WITH CURRENT RATING OF UP TO 100 A TO HOLD LARGEST MARKET SHARE IN 2025
4.4 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE
FIGURE 20 IGBT TO HOLD LARGER MARKET SIZE IN 2025
4.5 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION
FIGURE 21 6-PACK CIRCUIT CONFIGURATION SEGMENT TO HOLD LARGEST SIZE OF INTELLIGENT POWER MODULE MARKET IN 2025
4.6 INTELLIGENT POWER MODULE MARKET IN APAC, BY COUNTRY AND VERTICAL
FIGURE 22 CHINA AND INDUSTRIAL VERTICAL TO HOLD LARGEST SHARE OF MARKET IN APAC IN 2025
4.7 INTELLIGENT POWER MODULE MARKET, BY COUNTRY
FIGURE 23 CHINA TO WITNESS HIGHEST GROWTH RATE IN INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 49)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 24 INTELLIGENT POWER MODULE MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
FIGURE 25 INTELLIGENT POWER MODULE MARKET DRIVERS AND THEIR IMPACT
5.2.1.1 Growing focus of worldwide governments on generating power using renewable sources
5.2.1.2 Rising adoption of electric vehicles globally
FIGURE 26 GLOBAL ELECTRIC CAR STOCK, 2014–2019 (MILLION UNITS)
5.2.1.3 Increasing use of IPMs to improve system reliability and performance
5.2.1.4 Surging utilization of IPMs in personal computing applications owing to their compact design and increased energy efficiency
5.2.2 RESTRAINTS
FIGURE 27 INTELLIGENT POWER MODULE MARKET RESTRAINTS AND THEIR IMPACT
5.2.2.1 Slower adoption of new technologies and complex designs of IPMs
5.2.3 OPPORTUNITIES
FIGURE 28 INTELLIGENT POWER MODULE MARKET OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Increasing demand for IPMs from consumer electronics sector
5.2.3.2 Growing use of GaN and SiC materials in emerging applications
5.2.4 CHALLENGES
FIGURE 29 INTELLIGENT POWER MODULE MARKET CHALLENGES AND THEIR IMPACT
5.2.4.1 Technical challenges associated with next-generation IPMs
5.2.4.2 Disruptions in supply chains of semiconductor devices due to COVID-19
6 INDUSTRY TRENDS (Page No. - 58)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: INTELLIGENT POWER MODULE MARKET
6.2.1 R&D ENGINEERS
6.2.2 MANUFACTURERS
6.2.3 DISTRIBUTORS
6.2.4 END-USER INDUSTRIES
6.3 ECOSYSTEM: POWER ELECTRONICS
FIGURE 31 POWER ELECTRONICS ECOSYSTEM
6.4 KEY TECHNOLOGY AND INDUSTRY TRENDS
6.5 PRICING ANALYSIS
TABLE 2 INDICATIVE PRICES OF INTELLIGENT POWER MODULES
6.6 PATENT ANALYSIS
TABLE 3 KEY PATENTS REGISTERED, 2003–2019
6.7 REGULATIONS
TABLE 4 KEY REGULATIONS APPLICABLE TO PLAYERS IN IPM MARKET
6.8 CASE STUDIES
6.8.1 INTRODUCTION
6.8.2 INFINEON TECHNOLOGIES: HOME APPLIANCES CASE STUDY
6.8.2.1 Home appliances using Infineon’s IPMs
FIGURE 32 USE OF INFINEON CIPOS IPM IN HOME APPLIANCES
6.8.3 MITSUBISHI ELECTRIC: HOME APPLIANCES CASE STUDY
6.8.3.1 Home appliances using Mitsubishi Electric’s IPMs
FIGURE 33 USE OF MITSUBISHI ELECTRIC’S IPM IN AIR CONDITIONERS
6.8.4 MITSUBISHI ELECTRIC: RENEWABLE ENERGY CASE STUDY
6.8.4.1 Use of Mitsubishi Electric’s IPM in renewable energy
FIGURE 34 USE OF MITSUBISHI ELECTRIC’S IPM IN RENEWABLE ENERGY APPLICATION
6.8.5 ON SEMICONDUCTOR: 3-PHASE INVERTER CASE STUDY
6.8.5.1 Use of ON Semiconductor’s IPM in 3-phase inverters
FIGURE 35 USE OF ON SEMICONDUCTOR’S IPM IN 3-PHASE INVERTERS
6.9 TRADE ANALYSIS
6.9.1 IMPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS
FIGURE 36 COUNTRY-WISE DATA PERTAINING TO IMPORTS OF ELECTRONIC INTEGRATED CIRCUITS, 2015–2019 (MILLION UNITS)
6.9.2 EXPORT SCENARIO OF ELECTRONIC INTEGRATED CIRCUITS
FIGURE 37 COUNTRY-WISE DATA PERTAINING TO EXPORTS OF ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRIES, 2015–2019 (USD MILLION)
7 IPM MARKET, BY VOLTAGE RATING (Page No. - 70)
7.1 INTRODUCTION
TABLE 5 IPM MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2025
FIGURE 38 INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING
FIGURE 39 UP TO 600 V SEGMENT TO CONTINUE TO HOLD LARGEST SIZE OF INTELLIGENT POWER MODULES MARKET DURING FORECAST PERIOD
TABLE 6 IPM MARKET, BY VOLTAGE RATING, 2017–2019 (USD MILLION)
TABLE 7 IPM MARKET, BY VOLTAGE RATING, 2020–2025 (USD MILLION)
7.2 UP TO 600 V
7.2.1 IPMS WITH UP TO 600 V VOLTAGE RATING ARE WIDELY USED IN CONSUMER ELECTRONICS PRODUCTS
7.3 601 V–1,200 V
7.3.1 IPMS WITH VOLTAGE RATING OF 601 V–1,200 V ARE COMMONLY USED IN INDUSTRIAL SECTOR
7.4 ABOVE 1,200 V
7.4.1 IPMS WITH A VOLTAGE RATING ABOVE 1,200 V ARE USED IN INDUSTRIAL APPLICATIONS
8 IPM MARKET, BY CURRENT RATING (Page No. - 74)
8.1 INTRODUCTION
FIGURE 40 INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING
FIGURE 41 UP TO 100 A SEGMENT TO LEAD INTELLIGENT POWER MODULES MARKET DURING FORECAST PERIOD
TABLE 8 IPM MARKET, BY CURRENT RATING, 2017–2019 (USD MILLION)
TABLE 9 IPM MARKET, BY CURRENT RATING, 2020–2025 (USD MILLION)
8.2 UP TO 100 A
8.2.1 IPMS WITH A CURRENT OF UP TO 100 A SUFFICE THE PURPOSE OF DOMESTIC APPLICATIONS
8.3 101–600 A
8.3.1 IPMS WITH A CURRENT RATING IN THE RANGE OF 101–600 A ARE COMMONLY USED IN INDUSTRIAL APPLICATIONS
8.4 ABOVE 600 A
8.4.1 IPMS WITH CURRENT RATINGS OF ABOVE 600 A ARE USED IN HEAVY-DUTY INDUSTRIAL APPLICATIONS
9 IPM MARKET, BY CIRCUIT CONFIGURATION (Page No. - 78)
9.1 INTRODUCTION
FIGURE 42 INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION
FIGURE 43 INTELLIGENT POWER MODULES WITH 6-PACK CIRCUIT CONFIGURATION TO LEAD MARKET DURING FORECAST PERIOD
TABLE 10 IPM MARKET, BY CIRCUIT CONFIGURATION, 2017–2019 (USD MILLION)
TABLE 11 IPM MARKET, BY CIRCUIT CONFIGURATION, 2020–2025 (USD MILLION)
9.2 6-PACK
9.2.1 6-PACK IPMS ARE USED IN BOTH CONSUMER AND LIGHT INDUSTRIAL APPLICATIONS
9.3 7-PACK
9.3.1 7-PACK IPMS ARE COMMONLY USED IN INDUSTRIAL APPLICATIONS
9.4 OTHERS
10 IPM MARKET, BY POWER DEVICE (Page No. - 82)
10.1 INTRODUCTION
FIGURE 44 INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE
FIGURE 45 IGBT-BASED INTELLIGENT POWER MODULES TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 12 IPM MARKET, BY POWER DEVICE, 2017–2019 (USD MILLION)
TABLE 13 IPM MARKET, BY POWER DEVICE, 2020–2025 (USD MILLION)
10.2 IGBT
10.2.1 IGBT-BASED IPMS ARE EXPECTED TO HOLD THE LARGER SHARE OF THE MARKET DURING THE FORECAST PERIOD
10.3 MOSFET
10.3.1 MOSFET-BASED IPMS HAVE A SMALLER FOOTPRINT THAN IGBT-BASED IPMS
11 IPM MARKET, BY VERTICAL (Page No. - 86)
11.1 INTRODUCTION
FIGURE 46 INDUSTRIAL VERTICAL TO ACCOUNT FOR LARGEST SIZE OF INTELLIGENT POWER MODULE MARKET DURING FORECAST PERIOD
TABLE 14 IPM MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 15 IPM MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
11.2 CONSUMER ELECTRONICS
11.2.1 INCREASING ADOPTION OF CONSUMER ELECTRONIC PRODUCTS TO PROPEL IPM MARKET GROWTH
TABLE 16 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2017–2019 (USD MILLION)
TABLE 17 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2020–2025 (USD MILLION)
TABLE 18 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 19 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 20 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 21 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 22 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 23 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 24 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 25 IPM MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.3 ICT
11.3.1 SURGING DEMAND FOR ADVANCED POWER DEVICES TO SPUR IPM MARKET GROWTH IN COMING YEARS
TABLE 26 IPM MARKET FOR ICT VERTICAL, BY REGION, 2017–2019 (USD MILLION)
TABLE 27 IPM MARKET FOR ICT VERTICAL, BY REGION, 2020–2025 (USD MILLION)
TABLE 28 IPM MARKET FOR ICT VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 29 IPM MARKET FOR ICT VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 30 IPM MARKET FOR ICT VERTICAL IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 31 IPM MARKET FOR ICT VERTICAL IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 32 IPM MARKET FOR ICT VERTICAL IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 33 IPM MARKET FOR ICT VERTICAL IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 34 IPM MARKET FOR ICT VERTICAL IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 35 IPM MARKET FOR ICT VERTICAL IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.4 INDUSTRIAL
11.4.1 GROWING USE OF RENEWABLE POWER SOURCES TO FUEL DEMAND FOR INTELLIGENT POWER MODULES IN INDUSTRIAL VERTICAL
TABLE 36 IPM MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2019 (USD MILLION)
TABLE 37 IPM MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2020–2025 (USD MILLION)
TABLE 38 IPM MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 39 IPM MARKET FOR INDUSTRIAL VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 40 IPM MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 41 IPM MARKET FOR INDUSTRIAL VERTICAL IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 42 IPM MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 43 IPM MARKET FOR INDUSTRIAL VERTICAL IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 44 IPM MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 45 IPM MARKET FOR INDUSTRIAL VERTICAL IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.5 AUTOMOTIVE
11.5.1 ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO FOSTER IPM MARKET GROWTH
TABLE 46 IPM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2017–2019 (USD MILLION)
TABLE 47 IPM MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2020–2025 (USD MILLION)
TABLE 48 IPM MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 49 IPM MARKET FOR AUTOMOTIVE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 50 IPM MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 51 IPM MARKET FOR AUTOMOTIVE VERTICAL IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 52 IPM MARKET FOR AUTOMOTIVE VERTICAL IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 53 IPM MARKET FOR AUTOMOTIVE VERTICAL IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 54 IPM MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 55 IPM MARKET FOR AUTOMOTIVE VERTICAL IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.6 AEROSPACE & DEFENSE
TABLE 56 IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2017–2019 (USD MILLION)
TABLE 57 IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2020–2025 (USD MILLION)
TABLE 58 IPM MARKET FOR AEROSPACE & DEFENSE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 59 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 60 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 61 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 62 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 63 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 64 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 65 IPM MARKET FOR AEROSPACE &DEFENSE VERTICAL IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.7 OTHERS
TABLE 66 IPM MARKET FOR OTHER VERTICALS, BY REGION, 2017–2019 (USD MILLION)
TABLE 67 IPM MARKET FOR OTHER VERTICALS, BY REGION, 2020–2025 (USD MILLION)
TABLE 68 IPM MARKET FOR OTHER VERTICALS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 69 IPM MARKET FOR OTHER VERTICALS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 70 IPM MARKET FOR OTHER VERTICALS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 71 IPM MARKET FOR OTHER VERTICALS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 72 IPM MARKET FOR OTHER VERTICALS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 73 IPM MARKET FOR OTHER VERTICALS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 74 IPM MARKET FOR OTHER VERTICALS IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 75 IPM MARKET FOR OTHER VERTICALS IN ROW, BY REGION, 2020–2025 (USD MILLION)
12 GEOGRAPHIC ANALYSIS (Page No. - 111)
12.1 INTRODUCTION
FIGURE 47 GEOGRAPHIC SNAPSHOT (2020): APAC TO BE FASTEST-GROWING MARKET FOR INTELLIGENT POWER MODULES
TABLE 76 IPM MARKET, BY REGION, 2017–2019 (USD MILLION)
TABLE 77 IPM MARKET, BY REGION, 2020–2025 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 48 NORTH AMERICAN MARKET: SNAPSHOT, 2020
TABLE 78 IPM MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 79 IPM MARKET IN NORTH AMERICA, BY VERTICAL, 2020–2025 (USD MILLION)
FIGURE 49 US TO COMMAND NORTH AMERICAN IPM MARKET DURING FORECAST PERIOD
TABLE 80 IPM MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 81 IPM MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
12.2.1 US
12.2.1.1 Growing adoption of power semiconductors in automotive and industrial verticals to boost IPM market growth
12.2.2 CANADA
12.2.2.1 Expanding automotive industry in Canada to spur growth of IPM market
12.2.3 MEXICO
12.2.3.1 Increasing need to improve capability and productivity in manufacturing to provide growth opportunities to IPM manufacturers in Mexico
12.3 EUROPE
FIGURE 50 EUROPEAN MARKET: SNAPSHOT, 2020
FIGURE 51 GERMANY TO LEAD IPM MARKET IN EUROPE DURING FORECAST PERIOD
TABLE 82 IPM MARKET IN EUROPE, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 83 IPM MARKET IN EUROPE, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 84 IPM MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 85 IPM MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Huge investments in electric and hybrid vehicles to support IPM market growth in Germany
12.3.2 UK
12.3.2.1 Rapid growth of industrial and automotive verticals to promote IPM market growth in UK
12.3.3 FRANCE
12.3.3.1 Speedy expansion of industrial sector to create growth opportunities for IPM market players
12.3.4 ITALY
12.3.4.1 Healthy growth of automotive sector to boost demand for intelligent power modules
12.3.5 REST OF EUROPE
12.4 APAC
FIGURE 52 APAC MARKET: SNAPSHOT, 2020
TABLE 86 IPM MARKET IN APAC, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 87 IPM MARKET IN APAC, BY VERTICAL, 2020–2025 (USD MILLION)
FIGURE 53 CHINA TO LEAD IPM MARKET IN APAC DURING FORECAST PERIOD
TABLE 88 IPM MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 89 IPM MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
12.4.1 JAPAN
12.4.1.1 Automotive and industrial verticals to contribute most to market growth in Japan
12.4.2 CHINA
12.4.2.1 Consumer electronics industry in China to augment growth of IPM market
12.4.3 INDIA
12.4.3.1 Government initiatives to increase domestic manufacturing capacity to foster demand for IPMs
12.4.4 SOUTH KOREA
12.4.4.1 Consumer electronics and automotive verticals to stimulate demand for IPMs
12.4.5 REST OF APAC
12.5 ROW
FIGURE 54 SOUTH AMERICA TO DOMINATE IPM MARKET IN ROW DURING FORECAST PERIOD
TABLE 90 IPM MARKET IN ROW, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 91 IPM MARKET IN ROW, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 92 IPM MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 93 IPM MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Increase in production of renewable energy to propel IPM market growth
12.5.2 SOUTH AMERICA
12.5.2.1 Escalated use of motor-based machinery to promote growth of market for IPMs
13 COMPETITIVE LANDSCAPE (Page No. - 130)
13.1 OVERVIEW
FIGURE 55 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES OPERATING IN INTELLIGENT POWER MODULE MARKET
13.2 MARKET SHARE ANALYSIS, 2019
TABLE 94 MARKET SHARE OF TOP 5 COMPANIES, 2019
13.3 HISTORICAL REVENUE ANALYSIS, 2015–2019
FIGURE 56 HISTORICAL REVENUE ANALYSIS OF COMPANIES OFFERING INTELLIGENT POWER MODULES, 2015-2019 (USD MILLION)
13.4 COMPETITIVE SCENARIO
13.4.1 ACQUISITIONS AND AGREEMENTS
TABLE 95 KEY ACQUISITIONS AND AGREEMENTS, 2018–2020
13.4.2 PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS
TABLE 96 KEY PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS, 2018–2020
13.5 COMPETITIVE LEADERSHIP MAPPING
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 PARTICIPANT
FIGURE 57 INTELLIGENT POWER MODULE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
14 COMPANY PROFILES (Page No. - 140)
14.1 INTRODUCTION
14.2 KEY PLAYERS
(Business Overview, Products & Services Offered, Recent Developments, and MnM View)*
14.2.1 MITSUBISHI ELECTRIC
FIGURE 58 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
14.2.2 ON SEMICONDUCTOR
FIGURE 59 ON SEMICONDUCTOR: COMPANY SNAPSHOT
14.2.3 INFINEON TECHNOLOGIES
FIGURE 60 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
14.2.4 FUJI ELECTRIC
FIGURE 61 FUJI ELECTRIC: COMPANY SNAPSHOT
14.2.5 SEMIKRON
14.2.6 ROHM SEMICONDUCTOR
FIGURE 62 ROHM SEMICONDUCTOR: COMPANY SNAPSHOT
14.2.7 SANKEN ELECTRIC
FIGURE 63 SANKEN ELECTRIC: COMPANY SNAPSHOT
14.2.8 STMICROELECTRONICS
FIGURE 64 STMICROELECTRONICS: COMPANY SNAPSHOT
14.2.9 HANGZHOU SILAN MICROELECTRONICS
14.2.10 SINO MICROELECTRONICS
* Business Overview, Products & Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14.3 OTHER KEY PLAYERS
14.3.1 ALPHA & OMEGA SEMICONDUCTOR
14.3.2 CISSIOD
14.3.3 SENSITRON SEMICONDUCTOR
14.3.4 RONGTECH INDUSTRY
14.3.5 VINCOTECH – A GROUP COMPANY OF MITSUBISHI ELECTRIC
14.3.6 POWEREX
14.3.7 OZTEK CORPORATION
15 APPENDIX (Page No. - 165)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study has involved four major activities in estimating the size of the intelligent power module market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the intelligent power module market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the intelligent power module market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:
- Key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- Revenue of various intelligent power module manufacturers is considered to arrive at global numbers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the intelligent power module market has been validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the intelligent power module market size, by voltage rating, current rating, circuit configuration, power devices, vertical, and geography, in terms of value
- To describe and forecast the market size for various segments with regard to 4 main regions—North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To study the complete intelligent power module value chain and analyze the current and future market trends
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments in the intelligent power module market
- To strategically profile key players and provide details of the current competitive landscape
- To analyze strategic approaches adopted by players in the intelligent power module market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players based on various blocks of the value chain.
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