Intelligent Power Module Market: Global Market Sales, Consumption, Demand and Forecast 2020 – 2026

The Intelligent Power Module Market is forecast to witness significant growth over the coming time period owing to the rising product adoption across a range of applications such as in electric motor drives for aircraft or in power converters. Rising consumer inclination towards the adoption of electric vehicles will further accelerate the market growth in the years to come. 

As per a research report by Global Market Insights, Inc., intelligent power module market is estimated to exceed $2.5 billion valuation by 2026.

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Presently, novel innovations are expected to gain significant momentum in the intelligent power module market. Key participants in the intelligent power module market landscape are rolling out enhanced versions of intelligent power modules that are suitable to be deployed in an array of applications. Citing an instance, in September 2020, Fuji Electric Corp, a leader in electronic devices, power electronics, energy, social and industrial systems, reportedly announced a novel line-up of smart intelligent power modules based on the company’s 7th generation X-Series IGBT technology.

Fuji Electric is a leading developer of IGBT modules that are presently used in the power electronic systems of today, which includes renewable energy systems, HVAC, uninterruptable power supplies, variable-speed drives, and power converters. The newest IPM modules are equipped with a control IC providing protection circuits and IGBT drive, further ensuring high system reliability, along with making the design of peripheral circuits more simple.

 

In terms of application, the renewable energy application segment is earmarked to witness remunerative revenue growth. In 2019, the segment accounted for a market share of nearly 15% and is further expected to grow at a CAGR of around 8% through the forecast time period. This anticipated growth is ascribed to the increasing adoption of IPM in solar power plants and photovoltaic systems. Rising government initiatives as well as investments towards the adoption of renewable energy resources will further influence the demand for intelligent power modules. This is likely to offer the segment a number of viable revenue streams, including motor controls, solar power plants, and wind turbines among others.

On the geographical front, the Europe IPM market held a market share of nearly 20% in 2019 and is slated to grow at a CAGR of around 7% over the forthcoming time period. The regional growth is mainly ascribed to the presence of a well-established EV (electric vehicle) charging station network in Europe. These EV charging stations and battery-power establishments have a huge demand for IPMs owing to their superior features like conversion of DC/DC for decreasing power losses, precise sensing of power outputs, and fast charging. Thus, the rising penetration of electric vehicle charging stations across Europe is anticipated to drive the intelligent power module market growth over the coming years.

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Given the rising adoption of the product across various application avenues, industry players are increasingly focusing on consolidating their market position through numerous strategic means. Citing an instance, in February 2020, Alpha and Omega Semiconductor Limited, a leading developer, designer, and supplier of a wide range of power semiconductors and power ICs, reportedly unveiled a novel series of MOSFET IPM, namely AIM702H50B.

The new IPMs are mainly specialized for BLDC motor drives system like fan motors in air-conditioners and home appliances that need very high compact size with efficient and reliable design allowance. The novel IPM7 series comprises of 3-phase super junction MOSFETs specifically designed for motor drive, an integrated HVIC gate driving along with bootstrap circuit in a novel ultra-compact surface mountable package.

Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, STMicroelectronics N.V., Infineon Technologies AG, and ON Semiconductor Corporation among many others are some of the key players operating in the intelligent power module market.

Browse key industry insights spread across 200 pages with 201 market data tables and 25 figures & charts from the report, Intelligent Power Module Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/intelligent-power-module-market

Report Content

Chapter 3.   Intelligent Power Module Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2016 – 2026

3.3.  Impact analysis of corona virus (COVID-19) pandemic on intelligent power module market

3.3.1. Global outlook

3.3.2. Impact by region

3.3.2.1    North America

3.3.2.2    Europe

3.3.2.3    Asia Pacific

3.3.2.4    Latin America

3.3.2.5    MEA

3.3.3. Industry value chain

3.3.3.1    Research and development

3.3.3.2    Manufacturing

3.3.3.3    Marketing

3.3.3.4    Supply

3.3.4. Competitive landscape

3.3.4.1    Strategy

3.3.4.2    Distribution network

3.3.4.3    Business growth

3.4.  Industry ecosystem analysis

3.4.1. Raw material supplier

3.4.2. Manufacturers

3.4.3. Distribution channel

3.4.4. End-user

3.4.5. Vendor matrix

3.5.  Technology & innovation landscape

3.5.1. Integrated intelligent power module for motor control

3.5.2. IoT focused intelligent power modules

3.6.  Regulatory landscape

3.6.1. North America

3.6.2. Europe

3.6.3. Asia Pacific

3.6.4. Latin America

3.6.5. MEA

3.7.  Industry impact forces

3.7.1. Growth drivers

3.7.1.1    Emphasis towards renewable energy in power generation

3.7.1.2    Rising trends towards electric vehicles around the globe

3.7.1.3    Increasing demand from consumer electronics appliances

3.7.1.4    Growing adoption of industrial robots and automation in factories

3.7.2. Industry pitfalls and challenges

3.7.2.1.   Technical challenges associated with new generation IPM

3.8.  Growth potential analysis

3.9.  Porter’s analysis

3.9.1. Industry rivalry

3.9.2. Threat of new entrants

3.9.3. Buyer power

3.9.4. Supplier power

3.9.5. Threat of substitutes

3.10.    PESTEL analysis

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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