Global Intelligent Power Module (IPM) Market Expanding at a CAGR of 9.6% during 2021-2026
According to the latest report by IMARC Group, titled “Intelligent Power Module (IPM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global intelligent power module (IPM) market size reached a US$ 1.5 Billion in 2020 and expects the market to grow at a CAGR of 9.6% during 2021-2026.
An intelligent power module (IPM) is a highly integrated and complex system used for optimizing the distribution and utilization of electrical power in data centers and other computer systems. It combines diode power devices and high- and low-speed insulated gate bipolar transistors (IGBTs) with incorporated gate drives and protective housings. IPM controls voltage supply and offers regulation, current limiting, temperature monitoring, and load distribution. As a result, this system finds widespread applications in servo drives and renewable energy plants for enhanced circuit protection, consumer electronics, smart load shedding, and ensuring minimal downtime and redundancy.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Intelligent Power Module (IPM) Market Trends:
The increasing utilization of this system in renewable energy plants, on-shore and off-shore wind turbines, photovoltaic inverters, micro-inverters, etc., is primarily driving the intelligent power module (IPM) market. Besides this, the elevating requirement for improved electrical monitoring techniques in inductive cookers, high-frequency welding equipment, motor drives, and uninterruptible power supplies (UPS) is further augmenting the market growth. Moreover, the development of technologically advanced and innovative IPMs integrated with artificial inte
lligence (AI) that provide wide-area and coordinated control over large-scale power designs, real-time network simulation, and performance analysis is also catalyzing the global market. Apart from this, the escalating demand for this system in hybrid and electric vehicles (H/EVs) with high-power thyristors, which aid in minimizing carbon emissions, is expected to bolster the intelligent power module (IPM) market in the coming years.
Global Intelligent Power Module Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Fuji Electric Co. Ltd., Future Electronics Inc., Infineon Technologies AG, Mitsubishi Electric Corporation, ON Semiconductor Corporation, ROHM Co. Ltd, Sanken Electric Co. Ltd, SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, voltage rating, current rating, circuit configuration, power device and application.
Breakup by Voltage Rating:
More than 1200V
Breakup by Current Rating:
Breakup by Circuit Setup:
Breakup by Power Device:
Breakup by Application:
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: ( Brazil, Mexico, Others)
Middle East and Africa
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Source: Digital Journal