Intelligent Power Module Market by 2024 Outlook With Demand and Players - Fairchild - now part of ON Semiconductor, Fuji Electric, Future Electronics, Infineon Technologies, Mitsubishi Electric and Powerex Inc.

The global Intelligent Power Module (IPM) market is expected to experience considerable growth during the forecast period due to the increasing demand of compact system design, which helps in reducing the overall electronic system size. The compact design of intelligent power modules leads to reduction in number of components that must be purchased, stored and assembled.

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Intelligent power modules are advanced hybrid power devices that combine high-speed & low-loss IGBTs, diode power devices with integrated gate drives, and protection circuits in single housing. The demand for these IPMs is growing primarily because of the many benefits offered by power electronics technology in motor control applications. The IPM's integrated over temperature and under voltage lock out protection is used further for the enhancement of the system dependability.

Based on voltage rating, intelligent power modules with a voltage rating of up to 600V hold the largest share of the global intelligent power module market. The IPMs with a voltage rating above 1,200V is expected to witness the fastest growth during the forecast period. The market for high-voltage IPMs is projected to grow due to their wide use in the industrial applications such as traction and renewable energy.

Based on power device, the highest growth during the forecast is expected from IGBT-based intelligent power module. IGBT-based IPMs combine the advantages of the low-loss and high-speed IGBTs, with protection and optimized gate drive circuitries. These IPMs continuously monitor the power device current by using IGBT chips with advanced current sensing capabilities. Based on vertical, consumer vertical is expected to be the largest market for IPMs during the forecast period. The growth of IPMs in consumer vertical is due to an increasing demand of consumer electronics products and energy efficient systems.

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The key players in the intelligent power module market are Fairchild Semiconductor International Inc., Fuji Electric Co. Ltd., Future Electronics Inc., Infineon Technologies AG, Mitsubishi Electric Corp., Powerex Inc., ON Semiconductor, ROHM Semiconductor, Sanken Electric Co. Ltd. Semikron and STMicroelectronics.

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