Intelligent Power Modules Market is expected to reach US$ 5 and surging at a CAGR of 11.8% Bn by 2031

Intelligent Power Modules Market 2022

The report on Intelligent Power Modules Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2030. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.

Persistence Market Research. The overall market is expected to reach US$ 5 Bn by 2031, surging at a CAGR of 11.8%.

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.

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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 2022 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

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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?

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This release was published on openPR.