The global intelligent power module market size is anticipated to grow from USD 1.8 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of 10.7% from 2022 to 2027. Rising requirements for power generation through renewable sources, focus of OEMs on providing novel and efficient energy and power monitoring modules as well as surging demand for IPMs in industrial, automotive and consumer electronics vertical are some of the major factors propelling the growth of intelligent power module market.
Mitsubishi Electric (Japan), ON Semiconductor(US), Infineon Technologies(Germany), Fuji Electric(Japan), and Semikron (Germany) are the top five players in the intelligent power module market globally. These companies offer a wide range of intelligent power modules, as well as related solutions and services, and have operations worldwide. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.
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Mitsubishi Electric is a recognized brand in the power electronics business; it offers a diversified portfolio of intelligent power modules. The company has developed innovative products to cater to the customers from the intelligent power module market by combining its expertise in power electronics and working specifically on customers’ demand for increasing the power efficiency of electrical & electronic devices. The company has a strong distribution and sales network owing to its robust global presence. Mitsubishi Electric creates additional value by combining a wide range of technologies and businesses while enhancing each product, system, and service independently.
ON Semiconductor is one of the important players in the intelligent power module market, offering a comprehensive portfolio of energy-efficient power and signal management, logic, standard, and custom devices. The Power Solutions Group offers a wide array of discrete, module, and integrated semiconductor products that perform multiple functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. It invests extensively in R&D to offer innovative products and services and gain a competitive edge. Moreover, the company has leading-edge wafer fabrications facilities worldwide, ensuring a high-quality and cost-effective supply chain.
Infineon Technologies is one of the important players in the semiconductor solutions market. Its product offerings include power semiconductors, microcontrollers, security controllers, radio frequency products, and sensors. The company markets its products to the automotive, industrial, communications, and consumer and security electronics sectors worldwide, including the Americas, Europe, the Middle East, and Asia Pacific. Infineon offers a wide range of power electronic products, such as MOSFETs, IGBTs, linear voltage regulators, DC-DC converters, diodes & thyristors, and intelligent power modules. They cater to various applications, including switch-mode power supply (SMPS), computing, motor control and drives, consumer electronics, mobile devices, lighting solutions, and automobiles. The company also uses SiC and GaN materials for advancing into new areas of performance and efficiency of power electronics. It is dedicated to delivering smart and efficient energy generation, transmission, and consumption solutions for the sustainability and empowerment of the energy market
Intelligent Power Module Market by Voltage Rating (Up to 600 V, 601-1,200 V, Above 1,200 V), Current Rating, Circuit Configuration (6-Pack, 7-Pack), Power Devices (IGBT, MOSFET), Vertical, Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
Power Electronics Companies
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