Intelligent Power Module Market

Market Leadership - Intelligent Power Module Market

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.

Mitsubhishi Electric (Japan), Infineon Technologies (Germany), ON Semiconductor (US), Fuji Electric (Japan), STMicroelectronics (Switzerland), Semikron (Germany), ROHM Semiconductor (Japan), Sanken Electric (Japan), Hangzhou Silan Microelectronics (China), and Sino Microelectronics (China) are the key players in the intelligent power module market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

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Mitsubishi Electric is one of the global leaders in the manufacturing, marketing, and sales of electric and electronic equipment. It offers electric and electronic equipment used in industrial automation, information and communication system, electronic devices, home appliances, and so on; The company operates through 5 major segments which includes energy and electric systems, industrial automation systems, information and communication systems, electronic devices and home appliances. The energy and electronic devices segment offer wide range of power electronic products which consists of intelligent power modules, high power devices, high frequency devices, LCD modules and driver ICs. The company has a vast global presence and 23 manufacturing sites across Americas, Asia Pacific, Europe, CIS and Middle East & Africa. Mitsubishi Electric has a total number of 206 subsidiaries. The company focuses on product innovation and product launches to enhance its product offerings for its customers. For instance, in August 2019, Mitsubishi Electric Corporation launched a new high-performance intelligent power module (IPM), the Super mini DIPIPMTM version 7.

On Semiconductor is one of the important players across the complete power electronics market, offering a comprehensive portfolio of energy efficient power and signal management, logic, standard and custom devices. Incorporated in 1999 at US, the company operates an efficient and reliable supply chain throughout multiple manufacturing facilities worldwide across North America, Europe and Asia Pacific regions. On Semiconductor operates on 3 major business segments which are Power Solutions Group, Analog Solutions Group and Intelligent Sensing Group. The company offers extensive range of power electronic products through their Power and Analog Solution Group segment.  The Power Solutions Group offers a wide array of discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification and voltage reference functions. The company adopts product development and agrrements as growth strategies to enhance its presence in the intelligent power module market. 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.

Related Reports:

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

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Report Code
SE 4264
RI Published ON
1/5/2021
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