Press release
Intelligent Power Modules Market is Anticipated to Witness Growth in Revenue from US$ 1.5 Bn in 2020 to US$ 5 Bn by 2031
Intelligent Power Modules Market 2021-2031
New Study Reports " Intelligent Power Modules Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031" has been Added on PersistenceMarketResearch.
Report Details:
As per Persistence Market Research’s new industry analysis, the global intelligent power modules market is poised to surge at a CAGR of over 12% through 2031.
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Engineers explore the characteristics of insulated-gate bipolar transistors (IGBTs), such as low-saturation and high speed voltage, with the help of intelligent power modules (IPMs), and these characteristics are further combined with strong protection technologies. There is an increase in the demand for energy efficiency in consumer electronics, which is one of the major factors creating opportunities for IPM manufacturers.
Design engineers are facing many challenges to reduce energy consumption and limit energy costs. A smart solution of integrating all the necessary power semiconductors and the driver circuit in a single integrated package is offered by IPMs.
Additionally, intelligent power modules can be used for driving induction motors more effectively. There is also an increase in use of intelligent power modules for power conversion in inverters, as they help in decreasing radiated noise by more than 6dB.
All the above factors, and more, which are mentioned in the full research report, are driving demand for intelligent power modules.
Key Players:
The report has profiled some of the Important players prevalent in the global like – STMicroelectronics, Mitsubishi Electric Corporation, Semiconductor Components Industries, LLC (ON Semiconductor), Infineon Technologies, Fuji Electric, Semikron, Renesas Electronics Corporation, Texas Instruments, Sensitron Semiconductor, Sanken Electric, ROHM Semiconductor, Hirata Corporation, Schneider Electric, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Intelligent Power Modules.
Key Takeaways from Market Study
North America was the dominant market in 2020 in terms of value. However, South Asia & Pacific is expected to be one of the key markets for sustainable revenue generation from intelligent power modules.
Industrial is the key application in the global market, and the sub-segment is estimated to register a high CAGR among all the applications in the global marketplace.
The need for efficient power use and industrial automation for various industrial applications is driving demand for intelligent power modules.
Accelerated adoption of efficient intelligent power modules is estimated to enable the market in India to record the highest CAGR of 15.5% over the forecast period of 2021 to 2031.
The intelligent power modules market in Japan is expected to expand at a CAGR of around 13% over the next ten years, while that in Germany at 12.4%
“Intelligent power modules can be used for improvements in motors used in residential and industrial applications, as they can drive induction motors more effectively. Thus, increasing need for intelligent power modules for motor control applications will help the market grow at a rapid pace,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Intelligent Power Modules Market Manufacturers
Intelligent Power Modules Market Distributors/Traders/Wholesalers
Intelligent Power Modules Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
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Major Highlights of the Intelligent Power Modules Market Report:
The Intelligent Power Modules Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Intelligent Power Modules Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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