Press release
Intelligent Power Module Market Expected to Witness a Sustainable Growth over 2026 | Infineon Technologies AG, ON Semiconductor Corporation
Growing inclination towards vehicle electrification could enhance the business outlook of IPM manufacturers. Several federal agencies around the world are taking part in funding and awareness initiatives to promote the adoption of electric vehicles. Countries are implementing supportive norms to ease the sale of EVs.
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Fuji Electric is a leading developer of IGBT modules that are presently used in the power electronic systems of today, which includes renewable energy systems, HVAC, uninterruptable power supplies, variable-speed drives, and power converters. The newest IPM modules are equipped with a control IC providing protection circuits and IGBT drive, further ensuring high system reliability, along with making the design of peripheral circuits more simple.
In terms of application, the renewable energy application segment is earmarked to witness remunerative revenue growth. In 2019, the segment accounted for a market share of nearly 15% and is further expected to grow at a CAGR of around 8% through the forecast time period.
This anticipated growth is ascribed to the increasing adoption of IPM in solar power plants and photovoltaic systems. Rising government initiatives as well as investments towards the adoption of renewable energy resources will further influence the demand for intelligent power module market. This is likely to offer the segment a number of viable revenue streams, including motor controls, solar power plants, and wind turbines among others.
Top Key Players Are : Infineon Technologies AG, ON Semiconductor Corporation, Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, ROHM Co., Ltd., and Sanken Electric Co., Ltd., among others.
On the geographical front, the Europe IPM market held a market share of nearly 20% in 2019 and is slated to grow at a CAGR of around 7% over the forthcoming time period. The regional growth is mainly ascribed to the presence of a well-established EV (electric vehicle) charging station network in Europe.
These EV charging stations and battery-power establishments have a huge demand for IPMs owing to their superior features like conversion of DC/DC for decreasing power losses, precise sensing of power outputs, and fast charging. Thus, the rising penetration of electric vehicle charging stations across Europe is anticipated to drive the intelligent power module market growth over the coming years.
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Table Of Content:
Chapter 5. Intelligent Power Module Market, By Voltage Rating
5.1. Key trends, by voltage rating
5.2. Up to 600 V
5.2.1. Market estimates and forecast, 2016 - 2026
5.3. 1,200 V
5.3.1. Market estimates and forecast, 2016 - 2026
5.4. Above 1,200 V
5.4.1. Market estimates and forecast, 2016 - 2026
Chapter 6. Intelligent Power Module Market, By Current Rating
6.1. Key trends, by current rating
6.2. Up to 20 A
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. 20 A- 100 A
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. >100 A
6.4.1. Market estimates and forecast, 2016 - 2026
Chapter 7. Intelligent Power Module Market, By Power Devices
7.1. Key trends, by power devices
7.2. IGBT
7.2.1. Market estimates and forecast, 2016 - 2026
7.3. MOSFET
7.3.1. Market estimates and forecast, 2016 - 2026
Chapter 8. Intelligent Power Module Market, By Application
8.1. Key trends, by application
8.2. Consumer electronics
8.2.1. Market estimates and forecast, 2016 - 2026
8.3. Industrial
8.3.1. Market estimates and forecast, 2016 - 2026
8.4. Renewable energy
8.4.1. Market estimates and forecast, 2016 - 2026
8.5. Automotive
8.5.1. Market estimates and forecast, 2016 - 2026
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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