The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The Business Research Company’s Intelligent Power Module Global Market Report 2024 offers crucial insights into the intelligent power module market help businesses analyse and build stronger strategies.

 

The intelligent power module market has witnessed remarkable growth, surging from $2.27 billion in 2023 to $2.64 billion in 2024, showcasing a robust Compound Annual Growth Rate (CAGR) of 16.1%. This rapid expansion is attributed to various factors such as the rise in demand for consumer electronics, the expansion of electric vehicles (EV), increased automation, a heightened focus on energy efficiency, and the expansion of data centers. Looking ahead, the market is poised for continued growth, projecting an increase to $4.48 billion in 2028, with a CAGR of 14.1%.

 

Driving Forces for Market Growth

– Rise in Demand for Consumer Electronics

The burgeoning demand for consumer electronic devices is a significant driver of intelligent power module market growth. These modules find extensive applications in frequency converters, electric traction, and various inverters used in consumer electronics.

– Expansion of Electric Vehicles (EV)

As the automotive industry undergoes a transformation towards electric vehicles, the intelligent power module market experiences a surge in demand. EVs rely on power electronics for efficient energy management, driving the adoption of intelligent power modules.

– Rise in Automation

Increasing automation across industries necessitates advanced power management solutions. Intelligent power modules offer seamless integration and control, making them crucial components in automated systems.

– Increased Focus on Energy Efficiency

The global push for energy efficiency amplifies the importance of intelligent power modules. These modules contribute to optimizing power usage in various applications, aligning with the growing emphasis on sustainable and eco-friendly solutions.

– Data Center Expansion

The rapid expansion of data centers, driven by the growth of cloud computing and digital services, creates a substantial demand for intelligent power modules. These modules play a pivotal role in ensuring efficient and reliable power distribution within data centers.

 

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Anticipated Growth Factors

– 5G Infrastructure Deployment

The rollout of 5G infrastructure worldwide is poised to fuel the growth of the intelligent power module market. The increased connectivity and data processing demands of 5G networks necessitate advanced power management solutions.

– Growing Medical Devices and Healthcare Sector

The healthcare sector’s continuous growth, coupled with increasing reliance on advanced medical devices, contributes to the demand for intelligent power modules. These modules play a vital role in powering medical equipment efficiently.

– Growing Telecommunications Infrastructure

The expansion of telecommunications infrastructure, driven by increased connectivity demands, is a key factor in the anticipated growth of the intelligent power module market. These modules facilitate efficient power control in telecommunications networks.

– Expansion of Aerospace and Defense Sector

As the aerospace and defense sector witnesses expansion and technological advancements, the demand for intelligent power modules rises. These modules provide critical power solutions in aerospace and defense applications.

 

Major Trends in the Forecast Period

– Integration of SiC and GaN Technology

The integration of Silicon Carbide (SiC) and Gallium Nitride (GaN) technologies is a major trend in the forecast period. This integration enhances the performance and efficiency of intelligent power modules, catering to evolving technological needs.

– Customized IPMs for Specific Applications

Companies operating in the intelligent power module market are increasingly developing customized modules tailored for specific applications. This trend addresses the unique requirements of diverse industries, promoting optimized performance.

– Enhanced Thermal Management Solutions

Thermal management is a critical aspect of power modules. Innovations in thermal management solutions contribute to the development of intelligent power modules with improved heat dissipation and overall reliability.

– Focus on Miniaturization and Compact Design

The trend towards miniaturization and compact design is gaining prominence. Intelligent power modules with smaller form factors cater to applications with limited space, offering flexibility in deployment across various industries.

– Sustainable and Eco-Friendly IPMs

An increasing focus on sustainability and eco-friendliness is shaping the design and manufacturing of intelligent power modules. Companies are incorporating environmentally conscious practices into the production of these modules.

 

Market Segmentation

– Understanding the Landscape

The intelligent power module market is segmented based on power device, voltage rating, vertical, and application:

1. Power Device:
   • Insulated-Gate Bipolar Transistor (IGBT)
   • Metal Oxide Semiconductor Field Effect Transistor (MOSFET)
2. Voltage Rating:
   • Up To 600 V
   • 601–1,200 V
   • Above 1,200 V
3. Vertical:
   • Consumer Electronics
   • Automotive
   • Industrial
   • Aerospace, Defense
   • Other Verticals
4. Application:
   • Renewable Energy Generation
   • Home Appliances
   • Electric Vehicles
   • Servo Drives
   • Other Applications

 

Regional Dynamics

– Market Leaders and Growth Prospects

In 2023, Asia-Pacific emerged as the largest region in the intelligent power module market. With rapid industrialization and technological advancements, the region is expected to remain the fastest-growing in the forecast period.

 

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The Intelligent Power Module Global Market Report 2024 provides a comprehensive outlook of the intelligent power module market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The intelligent power module market forecast offers a thorough analysis onintelligent power modulemarket size, intelligent power module market share,prominent players and their strategies.

 

The Table Of Content For The Intelligent Power Module Market Include:
1. Intelligent Power Module Market Executive Summary
2. Intelligent Power Module Market Segments
3. Intelligent Power Module Market Size And Intelligent Power Module Market Growth Rate
4. Key Intelligent Power Module Market Trends
5. Major Intelligent Power Module Market Drivers
……
25. Key Mergers And Acquisitions In The Intelligent Power Module Market
26. Top Intelligent Power Module Companies
27. Intelligent Power Module Market Opportunities And Strategies
28. Intelligent Power Module Market, Conclusions And Recommendations
29. Appendix

 

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