Discover trends, market shifts, and competitive outlooks for the intelligent power module industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Intelligent Power Module Market From 2025 To 2029?

The market size of intelligent power modules has seen a swift increase in the last few years. The market is set to increase from $2.6 billion in 2024 to $3 billion in 2025, witnessing a compound annual growth rate (CAGR) of 15.5%. The previous growth period has been credited to multiple factors, such as increasing demand for consumer electronics, growth of the electric vehicle sector, increased automation, a heightened emphasis on energy efficiency, and data center expansion.

The market for intelligent power modules is predicted to experience a significant increase in the coming years, with an expected valuation of $5.02 billion by 2029 and a compound annual growth rate (CAGR) of 13.7%. Factors driving this forecasted growth include the roll-out of 5G networks, an expanding medical devices and healthcare industry, advancements in telecommunications infrastructure, along with developments in the aerospace and defense sector. Looking ahead, we anticipate this period will see trends like the integration of SiC and GaN technologies, the creation of customized IPMs for distinct applications, improved thermal management systems, a focus on miniaturization and compact designs, as well as sustainable and eco-friendly IPMs.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7496&type=smp

What Are the Major Market Drivers Behind the Rising Adoption of Intelligent Power Module Market?

The anticipated surge in the intelligent power module market can be credited to the escalating demand for consumer electronic devices. Consumer electronics, essentially, refer to electronic equipment meant for regular and non-commercial or professional usage by end-users or consumers. Intelligent power modules – the preferred choice for the frequency converters of drive motors and diverse inverters – offer simplicity of use and high dependability. They serve as the perfect power electronic device for electric traction, frequency conversion and speed modulation, servo drives, metallurgical machinery, and inverter appliances, among other uses. A report by GFK, a prominent intelligence and data provider from Germany for the consumer goods industry, unveiled that sales in the worldwide consumer electronics market (North America excluded) experienced an 18% hike, a dollar increase of $42.8 billion. Consequently, the surging demand for consumer electronic devices is propelling the intelligent power module market’s growth.

Which Key Market Segments Comprise the Intelligent Power Module Market and Drive Its Revenue Growth?

The intelligent power module market covered in this report is segmented –

1) By Power Device: Insulated-Gate Bipolar Transistor (IGBT), Metal Oxide Semiconductor Field Effect Transistor (MOSFET)

2) By Voltage Rating: Up To 600 V, 601–1,200 V, Above 1,200 V

3) By Vertical: Consumer Electronics, Automotive, Industrial, Aerospace, Defense, Other Verticals

4) By Application: Renewable Energy Generation, Home Appliances, Electric Vehicles, Servo Drives, Other Applications

Subsegments:

1) By Insulated-Gate Bipolar Transistor (IGBT): Standard IGBT Modules, High Voltage IGBT Modules, Low Voltage IGBT Modules

2) By Metal Oxide Semiconductor Field Effect Transistor (MOSFET): Standard MOSFET Modules, High Power MOSFET Modules, Low Voltage MOSFET Modules

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=7496&type=smp

Which Areas Are Leading Regions in the Intelligent Power Module Market Expansion Across the Globe?

Asia-Pacific was the largest region in the intelligent power module market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent power module market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Are the Strategic Trends Steering theIntelligent Power Module Market Direction?

The increasing trend of strategic collaborations and partnerships is becoming more popular in the intelligent power module market. Major players in this sector, like STMicroelectronics, a Swiss-based electronics and semiconductors manufacturer, are seeking partnerships to strengthen their market standing. STMicroelectronics, for instance, joined forces with Sanken Electric Co., Ltd., a Japan-based analog power semiconductor products provider, to create intelligent power modules targeting high-voltage industrial and automotive products. Their aim through this collaboration is to develop 650V/50A and 1200V/10A industrial modules that will simplify design challenges and also reduce the required materials for various systems like HVAC, industrial servo drives, industrial washing machines, and 3 kW over general-purpose inverters. Furthermore, in April 2022, collaborations between Hong Kong’s Applied Science and Technology Research Institute (ASTRI), Singapore’s ASM Pacific Technology Limited (ASMPT), an integrated solutions provider, and Alpha Power Solutions (APS), a semiconductor technology company based in Hong Kong, aims to create the first-ever SiC Intelligent Power Module (IPM) intended for the production of electric vehicles (EVs) in Hong Kong.

View the full report here:

https://www.thebusinessresearchcompany.com/report/intelligent-power-module-global-market-report

How Is the Intelligent Power Module Market Conceptually Defined?

The intelligent power module (IPM) is a high-performance module that mounts a dedicated drive circuit to get more power out of an IGBT chip and offers a custom IC to carry out self-protection functions (short circuit, supply under voltage, and over temperature). It is used primarily in motor control and is also used in inverters, renewable energy systems, and uninterruptible power supplies.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7496

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model