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Intelligent Power Module (IPM) Market Report by Voltage Rating (Upto 600V, 601V-1200V, More than 1200V), Current Rating (Upto 100A, 101A-600A, Above 600A), Circuit Configuration (6-PAC, 7-PAC, and Others), Power Device (IGBT, MOSFET), Application (Consumer Electronics, Servo Drives, Transportation, Renewable Energy, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 138 Pages I IMARC Group
The global intelligent power module (IPM) market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.
An intelligent power module (IPM) refers to highly integrated and complex power modules used for optimizing the distribution and utilization of electrical power in data centers and other computer systems. It combines high- and low-speed insulated gate bipolar transistors (IGBTs) and diode power devices with integrated gate drives and protection housings. It provides control over voltage supply and offers temperature monitoring, voltage regulation, current limiting and load distribution. As a result, it is commonly used in consumer electronics, servo drives and renewable energy plants for enhanced circuit protection, smart load shedding and ensuring minimal instances of downtime and system redundancy.
Rapid industrialization, along with the increasing utilization of IPMs in renewable energy plants, is one of the key factors driving the growth of the market. They are widely used in both on-shore and off-shore wind turbine inverters, photovoltaic inverters and micro-inverters. Furthermore, the widespread utilization of IPMs in hybrid and electric vehicles (H/EVs) is also driving the market growth. They are used with high-power thyristors, which aid in minimizing the level of carbon emissions and enhancing the overall energy efficiency of the vehicle. In line with this, the increasing requirement for improved electrical monitoring systems in inductive cookers, high-frequency welding equipment, motor drives, uninterruptible power supplies (UPS) is also contributing to the market growth. Additionally, various technological advancements, such as the development of innovative IPMs integrated with artificial intelligence (AI) systems, are acting as other growth-inducing factors. These systems offer wide-area and coordinated control over large scale electrical power systems and real-time network simulation and performance analysis, which, in turn, is contributing to their increasing utilization.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent power module (IPM) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on voltage rating, current rating, circuit configuration, power device and application.
Breakup by Voltage Rating:
Upto 600V
601V-1200V
More than 1200V
Breakup by Current Rating:
Upto 100A
101A-600A
Above 600A
Breakup by Circuit Configuration:
6-PAC
7-PAC
Others
Breakup by Power Device:
IGBT
MOSFET
Breakup by Application:
Consumer Electronics
Servo Drives
Transportation
Renewable Energy
Others
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
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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 N.V. and Texas Instruments Incorporated.
Key Questions Answered in This Report
1. How big is the global Intelligent Power Module (IPM) market?
2. What is the expected growth rate of the global Intelligent Power Module (IPM) market during 2024-2032?
3. What are the key factors driving the global Intelligent Power Module (IPM) market?
4. What has been the impact of COVID-19 on the global Intelligent Power Module (IPM) market?
5. What is the breakup of the global Intelligent Power Module (IPM) market based on the voltage rating?
6. What is the breakup of the global Intelligent Power Module (IPM) market based on the current rating?
7. What is the breakup of the global Intelligent Power Module (IPM) market based on the power device?
8. What is the breakup of the global Intelligent Power Module (IPM) market based on the application?
9. What are the key regions in the global Intelligent Power Module (IPM) market?
10. Who are the key players/companies in the global Intelligent Power Module (IPM) market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Intelligent Power Module (IPM) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Voltage Rating
6.1 Upto 600V
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 601V-1200V
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 More than 1200V
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Current Rating
7.1 Upto 100A
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 101A-600A
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 600A
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Circuit Configuration
8.1 6-PAC
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 7-PAC
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Power Device
9.1 IGBT
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 MOSFET
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Consumer Electronics
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Servo Drives
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Transportation
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Renewable Energy
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Fuji Electric Co. Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Future Electronics Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Infineon Technologies AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Mitsubishi Electric Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 ON Semiconductor Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 ROHM Co. Ltd.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Sanken Electric Co. Ltd.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 SEMIKRON Elektronik GmbH & Co. KG
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 STMicroelectronics N.V.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Texas Instruments Incorporated
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
Figure 1: Global: Intelligent Power Module Market: Major Drivers and Challenges
Figure 2: Global: Intelligent Power Module Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Intelligent Power Module Market: Breakup by Voltage Rating (in %), 2023
Figure 4: Global: Intelligent Power Module Market: Breakup by Current Rating (in %), 2023
Figure 5: Global: Intelligent Power Module Market: Breakup by Circuit Configuration (in %), 2023
Figure 6: Global: Intelligent Power Module Market: Breakup by Power Device (in %), 2023
Figure 7: Global: Intelligent Power Module Market: Breakup by Application (in %), 2023
Figure 8: Global: Intelligent Power Module Market: Breakup by Region (in %), 2023
Figure 9: Global: Intelligent Power Module Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: Global: Intelligent Power Module (Upto 600V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Intelligent Power Module (Upto 600V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Intelligent Power Module (601V-1200V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Intelligent Power Module (601V-1200V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Intelligent Power Module (More than 1200V) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Intelligent Power Module (More than 1200V) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Intelligent Power Module (Upto 100A) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Intelligent Power Module (Upto 100A) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Intelligent Power Module (101A-600A) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Intelligent Power Module (101A-600A) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Intelligent Power Module (Above 600A) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Intelligent Power Module (Above 600A) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Intelligent Power Module (6-PAC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Intelligent Power Module (6-PAC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Intelligent Power Module (7-PAC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Intelligent Power Module (7-PAC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Intelligent Power Module (Other Circuit Configurations) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Intelligent Power Module (Other Circuit Configurations) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Intelligent Power Module (IGBT) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Intelligent Power Module (IGBT) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Intelligent Power Module (MOSFET) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Intelligent Power Module (MOSFET) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Intelligent Power Module (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Intelligent Power Module (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Intelligent Power Module (Servo Drives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Intelligent Power Module (Servo Drives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Intelligent Power Module (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Intelligent Power Module (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Intelligent Power Module (Renewable Energy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Intelligent Power Module (Renewable Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Intelligent Power Module (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Intelligent Power Module (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia Pacific: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia Pacific: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Intelligent Power Module Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Intelligent Power Module Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Intelligent Power Module Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Intelligent Power Module Industry: SWOT Analysis
Figure 92: Global: Intelligent Power Module Industry: Value Chain Analysis
Figure 93: Global: Intelligent Power Module Industry: Porters Five Forces Analysis
Table 1: Global: Intelligent Power Module Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Intelligent Power Module Market Forecast: Breakup by Voltage Rating (in Million US$), 2024-2032
Table 3: Global: Intelligent Power Module Market Forecast: Breakup by Current Rating (in Million US$), 2024-2032
Table 4: Global: Intelligent Power Module Market Forecast: Breakup by Circuit Configuration (in Million US$), 2024-2032
Table 5: Global: Intelligent Power Module Market Forecast: Breakup by Power Device (in Million US$), 2024-2032
Table 6: Global: Intelligent Power Module Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 7: Global: Intelligent Power Module Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Intelligent Power Module Market Structure
Table 9: Global: Intelligent Power Module Market: Key Players
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