Press release
Intelligent Power Modules Market is poised to surge at a CAGR of over 12% through 2031
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.
Request for Free Sample Report of "Intelligent Power Modules" Market@ https://www.persistencemarketresearch.com/samples/27964
Company Profiles:
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
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/27964
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.
COVID-19 Pandemic Impact Analysis
There has been a change in the demand patterns for major semiconductor end markets. The semiconductor industry had to adjust as the pandemic shifted demand for intelligent power module (IPM) applications. As such, decreased demand for intelligent power modules will extend beyond 2020.
The intelligent power modules market saw a steep decline in 2020 due to the highly disruptive global pandemic, as demand for power modules plunged from key markets of automotive electronics and smartphones. Discrete and module segments of semiconductors witnessed flat market growth in 2020.
Before the pandemic, a significant rise in the wireless market was forecasted. Now, the wireless market will see steady growth as the COVID-19 pandemic has come into sharp focus. Revenue from MOSFET power modules is also expected to decrease due to supply chain interruptions and store closures.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/27964
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intelligent Power Modules Market is poised to surge at a CAGR of over 12% through 2031 here
News-ID: 2735951 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
