[Latest] Global Intelligent Power Module (IPM) Market Size/Share Worth USD 4.5 Billion by 2033 at a 7.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Intelligent Power Module (IPM) Market size & share revenue was valued at approximately USD 2.1 Billion in 2023 and is expected to reach USD 2.3 Billion in 2024 and is expected to reach around USD 4.5 Billion by 2033, at a CAGR of 7.8% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Infineon Technologies AG, ON Semiconductor Corporation, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., STMicroelectronics N.V., ROHM Co. Ltd., Semikron International GmbH, Renesas Electronics Corporation, Fairchild Semiconductor International Inc., Texas Instruments Incorporated, Vishay Intertechnology Inc., Dialog Semiconductor PLC, Microsemi Corporation, Avalanche Technology Inc., Pre-Switch Inc, and other

Austin, TX, USA, April 11, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Intelligent Power Module (IPM) Market Size, Trends and Insights By Power Device (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Others), By Current Rating (Up to 100A, 101A to 600A, Above 600A), By Voltage (Up To 600V, 601V To 1,200V, Above 1,200V), By Industry Vertical (Industrial, Consumer Electronics, Transportation, IT and Telecommunications, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 in its research database.

“According to the latest research study, the demand of global Intelligent Power Module (IPM) Market size & share was valued at approximately USD 2.1 Billion in 2023 and is expected to reach USD 2.3 Billion in 2024 and is expected to reach a value of around USD 4.5 Billion by 2033, at a compound annual growth rate (CAGR) of about 7.8% during the forecast period 2024 to 2033.”

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Intelligent Power Module (IPM) Market: Growth Factors and Dynamics

  • Rising Demand for Energy-Efficient Solutions: The Intelligent Power Module (IPM) market is experiencing growth due to the increasing demand for energy-efficient solutions in various industries. As organizations and consumers focus on sustainability and reducing energy consumption, IPMs, which integrate power devices, gate drivers, and protection features in a single module, are becoming essential components for efficient power management.
  • Automotive Industry Adoption: The automotive sector is a key driver for the growth of the IPM market. With the electrification trend gaining momentum, electric vehicles (EVs) and hybrid electric vehicles (HEVs) are increasingly incorporating IPMs to enhance power efficiency and reliability in traction inverters and other power electronics applications. This adoption is expected to contribute significantly to the expansion of the IPM market.
  • Technological Advancements and Integration: Continuous technological advancements in power electronics and semiconductor technologies are playing a crucial role in the growth of the IPM market. Integration of advanced features, such as intelligent control algorithms, real-time monitoring, and fault detection capabilities within IPMs, enhances their performance and reliability, making them more appealing to a broad range of industries.
  • Focus on Renewable Energy Sources: The growing emphasis on renewable energy sources, such as solar and wind power, is driving the demand for intelligent power modules. IPMs are used in inverters for renewable energy systems to efficiently convert and manage power generated from these sources. As the renewable energy sector expands, the IPM market is expected to witness substantial growth.
  • Industrial Automation and IoT Integration: The increasing adoption of industrial automation and the integration of Internet of Things (IoT) technologies are creating new opportunities for the IPM market. IPMs play a vital role in motor control applications within industrial automation, offering precise and efficient control of motors. The compatibility of IPMs with IoT platforms further enhances their appeal in smart manufacturing environments.
  • Global Emphasis on Power Quality and Reliability: As the demand for a reliable power supply continues to rise globally, there is an increased focus on power quality and reliability. Intelligent Power Modules contribute to the improvement of power distribution systems by offering features like overcurrent protection, short-circuit protection, and under-voltage lockout. This emphasis on enhancing power system stability and reliability is a key factor driving the growth of the IPM market.

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Intelligent Power Module (IPM) Market: Partnership and Acquisitions

  • In 2023, onsemi, specializing in intelligent power and sensing technologies, entered a long-term supply agreement with Magna, a mobility technology company. Magna will integrate Onsemi’s EliteSiC intelligent power solutions into its eDrive systems, fostering advancements in electric mobility and enhancing the performance of electric drive systems.
  • In 2022, STMicroelectronics has unveiled high-power silicon-carbide (SiC) modules designed for electric vehicles, enhancing performance, and driving range. These modules have been selected for use in Hyundai’s E-GMP electric vehicle platform, which is shared by models such as the KIA EV6, showcasing the industry’s commitment to advancing electric mobility.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 2.3 Billion
Projected Market Size in 2033 USD 4.5 Billion
Market Size in 2023 USD 2.1 Billion
CAGR Growth Rate 7.8% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Power Device, Current Rating, Voltage, Industry Vertical and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Intelligent Power Module (IPM) report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
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  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
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(Please note that the sample of the Intelligent Power Module (IPM) report has been modified to include the COVID-19 impact study prior to delivery.)

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Intelligent Power Module (IPM) Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Intelligent Power Module (IPM) Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

  • Supply Chain Disruptions: The COVID-19 pandemic has led to widespread disruptions in global supply chains, affecting the production and distribution of electronic components, including Intelligent Power Modules. Delays in the supply chain have led to shortages of critical components, impacting the manufacturing capabilities of IPM suppliers, and causing temporary setbacks in meeting market demands.
  • Slowdown in End-User Industries: Various end-user industries, such as automotive, industrial automation, and renewable energy, experienced slowdowns, and disruptions due to lockdowns, restrictions, and economic uncertainties caused by the pandemic. This resulted in reduced investments and delayed projects, directly affecting the demand for Intelligent Power Modules in applications like electric vehicles, factory automation, and renewable energy systems.
  • Diversification of Supply Chains: To mitigate the impact of future disruptions, companies in the IPM market are focusing on diversifying their supply chains. This involves identifying alternative suppliers for critical components and establishing more resilient and flexible supply networks. Diversification helps minimize the risk of supply chain disruptions and ensures a more stable production process.
  • Accelerated Digital Transformation: The pandemic has accelerated the pace of digital transformation across industries. In the context of the IPM market, companies are leveraging digital technologies for remote monitoring, predictive maintenance, and real-time analytics. This not only enhances the efficiency of manufacturing processes but also enables better communication and collaboration in the supply chain, contributing to a more resilient and responsive industry ecosystem.
  • Emphasis on R&D for Innovation: To regain momentum, companies in the IPM market are investing in research and development to bring innovative solutions to market. This includes the development of advanced features, increased integration capabilities, and improvements in energy efficiency. By offering cutting-edge technologies, companies can differentiate themselves and meet the evolving needs of industries recovering from the pandemic’s impact.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Intelligent Power Module (IPM) Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

  • What is the size of the Intelligent Power Module (IPM) market and what is its expected growth rate?
  • What are the primary driving factors that push the Intelligent Power Module (IPM) market forward?
  • What are the Intelligent Power Module (IPM) Industry’s top companies?
  • What are the different categories that the Intelligent Power Module (IPM) Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Intelligent Power Module (IPM) market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2033
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Intelligent Power Module (IPM) Market – Regional Analysis

The Intelligent Power Module (IPM) Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the Intelligent Power Module (IPM) market trends include a strong focus on electric vehicle adoption, and driving innovations in automotive power electronics. Additionally, increased investments in smart grid technologies and renewable energy projects contribute to the region’s dynamic IPM landscape.
  • Europe: Europe sees a surge in IPM demand driven by the rapid growth of renewable energy initiatives, particularly in solar and wind power applications. The region emphasizes energy efficiency in industrial processes, fostering the integration of IPMs in manufacturing and automation for improved power management.
  • Asia-Pacific: The Asia-Pacific region is a hotspot for IPM market growth, propelled by the booming automotive industry and a robust electronics manufacturing sector. Key trends involve the widespread adoption of electric vehicles, advancements in smart manufacturing, and the integration of Intelligent Power Modules in various consumer electronics.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA witnesses increasing IPM adoption in response to expanding industrialization and infrastructure projects. The region shows a growing interest in energy-efficient solutions for industrial applications and smart city developments. This trend aligns with a broader focus on sustainable and reliable power management systems.

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Browse the full Intelligent Power Module (IPM) Market Size, Trends and Insights By Power Device (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Others), By Current Rating (Up to 100A, 101A to 600A, Above 600A), By Voltage (Up To 600V, 601V To 1,200V, Above 1,200V), By Industry Vertical (Industrial, Consumer Electronics, Transportation, IT and Telecommunications, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Report at https://www.custommarketinsights.com/report/intelligent-power-module-ipm-market/ 

List of the prominent players in the Intelligent Power Module (IPM) Market:

  • Infineon Technologies AG
  • ON Semiconductor Corporation
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd.
  • STMicroelectronics N.V.
  • ROHM Co. Ltd.
  • Semikron International GmbH
  • Renesas Electronics Corporation
  • Fairchild Semiconductor International Inc.
  • Texas Instruments Incorporated
  • Vishay Intertechnology Inc.
  • Dialog Semiconductor PLC
  • Microsemi Corporation
  • Avalanche Technology Inc.
  • Pre-Switch Inc.
  • Others

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The Intelligent Power Module (IPM) Market is segmented as follows:

By Power Device

  • Insulated-Gate Bipolar Transistor (IGBT)
  • Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
  • Others

By Current Rating

  • Up to 100A
  • 101A to 600A
  • Above 600A

By Voltage

  • Up To 600V
  • 601V To 1,200V
  • Above 1,200V

By Industry Vertical

  • Industrial
  • Consumer Electronics
  • Transportation
  • IT and Telecommunications
  • Others

Click Here to Get a Free Sample Report of the Global Intelligent Power Module (IPM) Market @ https://www.custommarketinsights.com/report/intelligent-power-module-ipm-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Intelligent Power Module (IPM) Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Intelligent Power Module (IPM) Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Intelligent Power Module (IPM) Market? What Was the Capacity, Production Value, Cost and PROFIT of the Intelligent Power Module (IPM) Market?
  • What Is the Current Market Status of the Intelligent Power Module (IPM) Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Intelligent Power Module (IPM) Market by Considering Applications and Types?
  • What Are Projections of the Global Intelligent Power Module (IPM) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Intelligent Power Module (IPM) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Intelligent Power Module (IPM) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Intelligent Power Module (IPM) Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Intelligent Power Module (IPM) Industry?

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Reasons to Purchase Intelligent Power Module (IPM) Market Report

  • Intelligent Power Module (IPM) Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Intelligent Power Module (IPM) Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Intelligent Power Module (IPM) Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Intelligent Power Module (IPM) Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Intelligent Power Module (IPM) market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Intelligent Power Module (IPM) market analysis.
  • The competitive environment of current and potential participants in the Intelligent Power Module (IPM) market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Intelligent Power Module (IPM) market should find this report useful. The research will be useful to all market participants in the Intelligent Power Module (IPM) industry.
  • Managers in the Intelligent Power Module (IPM) sector are interested in publishing up-to-date and projected data about the worldwide Intelligent Power Module (IPM) market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Intelligent Power Module (IPM) products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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