Intelligent Power Module Market Growth, Trends and Forecast by 2031

MARKET OVERVIEW

Intelligent power module is a MOSFET based power modules used for medium-and high-power applications with the help of hybrid integrations which includes high range of power electronics devices. This module permit the devices to features such as system protection function, system control function, and improve the systems overall performance. This family of highly integrated power modules is used to drive motors in home appliances, pumps, and many other devices. This is an advanced hybrid power device used in variety of power electronic devices.

MARKET SCOPE

The "Global Intelligent Power Module Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the intelligent power module market with detailed market segmentation by voltage rating, current rating, power device, application, and geography. The global intelligent power module market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading intelligent power module market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• The global intelligent power module market is segmented on the basis of voltage rating, current rating, power device, and application. 
• Based on voltage rating, the market is segmented into upto 600V, 600V - 1200V, and above 1200V. 
• On the basis of current rating, the intelligent power module market is segmented into Upto 100A, 101-600 A, and more than 600A. 
• The intelligent power module market on the basis of the power device is classified into IGBT and MOSFET. 
• On the basis of application, it is segmented into consumer durables and industrial application.

MARKET DYNAMICS

Drivers 

• The intelligent power module market is anticipated to grow rapidly in the forecast period owing to driving factors such as demand for electric vehicles and plug-in hybrid vehicles is gaining high momentum among the individual's due to rise in the concern towards environment safety which results into higher production of vehicles. 
• Growth in number of electric vehicles is one of a factor driving the intelligent power module market as intelligent power module helps to save overall space and enhance power density and vehicle's performance.

Restraints

• Sluggish adoption of new technologies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The intelligent power module market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the intelligent power module market in these regions.

IMPACT OF COVID-19 ON INTELLIGENT POWER MODULE MARKET 

There has been a change in the demand patterns for major semiconductor end markets. The semiconductor industry had to adjust as the pandemic shifted demand for intelligent power module (IPM) applications. As such, decreased demand for intelligent power modules will extend beyond 2021. The intelligent power modules market saw a steep decline in 2021 due to the highly disruptive global pandemic, as demand for power modules plunged from key markets of automotive electronics and smartphones. Discrete and module segments of semiconductors witnessed flat market growth in 2021. Before the pandemic, a significant rise in the wireless market was forecasted. Now, the wireless market will see steady growth as the COVID-19 pandemic has come into sharp focus. Revenue from MOSFET power modules is also expected to decrease due to supply chain interruptions and store closures.

MARKET PLAYERS

The report covers key developments in the intelligent power module market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from intelligent power modulemarket market are anticipated to lucrative growth opportunities in the future with the rising demand for intelligent power module market in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the intelligent power module market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• STMicroelectronics
• Mitsubishi Electric Corporation
• Semiconductor Components Industries, LLC (ON Semiconductor)
• Infineon Technologies
• Fuji Electric
• Semikron
• Renesas Electronics Corporation
• Texas Instruments
• Sensitron Semiconductor
• Sanken Electric.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Intelligent Power Module Report Scope