Empowering the Future: Intelligent Power Module Market Set to Reach $3.7 Billion by 2031

According to a new report published by Allied Market Research, titled, Intelligent Power Module Market Size, Share, Competitive Landscape and Trend Analysis Report by Power Device (Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Others), by Voltage (Up To 600V, 601V - 1,200V, Above 1,200V), by Current Rating (Up to 100A, 101A to 600A, Above 600A), by Circuit Configuration (6-Pack, 7-Pack, Bridge, Others), by Industry Vertical (Industrial, Consumer Electronics, Transportation, IT and Telecommunications, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global intelligent power module market was valued at $1.6 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Intelligent power modules or an ipm module, are responsible for extracting better performance from IGBT chips and also execute self-protection functions. They play an important role in this task. IPMs integrate a dedicated drive and protection circuitry along with the power element in an appropriate packaging which is customized for a variety of applications such as renewable energy, large home appliances, industrial motor drives and fans. IPMs improve system efficiency, and contain all components required for control, including the peripheral circuitry and power device control IC.

Power management and power conservation are the important reasons for the use of intelligent power modules in the electrical machines as well as in the technology field. This factor is expected to gain further importance during the forecast period in the light of global warming concerns. Globally, machines are versatile, compact, and efficient in doing what they are made to do, so much so that they have taken over a lot of activities that were done manually. The demand for machines and electronic equipment has increased tremendously in the past years and is expected to be maintained or even surpass the earlier demand in the coming years. The update of automation in different industries, especially in the form of process automation and control automation equipment is also expected to bolster the intelligent power module market.

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The intelligent power module market is segmented into Industry Vertical, Voltage, Current Rating, Circuit Configuration and Power Device.
By industry vertical, the industrial segment held the largest share in 2021, accounting for around one-third of the global intelligent power module market and is projected to maintain its dominance by 2031. The transportation segment would cite the fastest CAGR of 9.9% throughout the forecast period. The consumer electronics, IT and telecommunications and others segments are also studied in the report.

By voltage, the up to 600V segment held the largest share in 2021, garnering nearly two-thirds of the global intelligent power module market and would dominate the market in terms of revenue through 2031. However, the same segment is expected to manifest the highest CAGR of 9.28% throughout the forecast period. The report also discusses the 601V - 1,200V and above 1,200V segments.

By current rating, the up to 100A segment accounted for the highest share in 2021, generating more than three-fifths of the global intelligent power module market revenue and is projected to rule the roost by 2031. Simultaneously, the same segment would also showcase the fastest CAGR of 9.34% during the forecast period. The 101A to 600A and above 600A segments are also analyzed throughout the report.

By circuit configuration, the 6-pack segment accounted for the highest share in 2021, holding more than two-fifths of the global intelligent power module market revenue, and is expected to maintain its lead in terms of revenue during the forecast period. The same segment, however, is estimated to grow at the highest CAGR of 9.62% in 2031. The other segments assessed through the report take in 7-Pack, bridge and others.

By power device, the insulated-gate bipolar transistor (IGBT) segment held the highest share in 2021, accounting for nearly two-thirds of the global intelligent power module market revenue and is expected to continue its leadership status during the forecast period. The same segment is expected to register the highest CAGR of 9.85% from 2022 to 2031. The report also discusses the metal-oxide-semiconductor field-effect transistor (MOSFET) and others segments.

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Based on region, Asia-Pacific held the major share in 2021, garnering nearly half of the global intelligent power module market revenue and is projected to maintain the lion's share by 2031. Simultaneously, the same region would display the fastest CAGR of 9.97% throughout the forecast period. The other provinces studied in the report include North America, Europe, and LAMEA.

The key players operating in the market include Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Infineon Technologies AG, Rohm Semiconductor (Rohm Co. Ltd.), STMicroelectronics N.V., Microchip Technology Inc., Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation, Renesas Electronics Corporation, and Silan Semiconductor Manufacturing Group.

Key Benefits for Stakeholders:
➡️ This study comprises analytical depiction of the Intelligent power module market size along with the current trends and future estimations to depict the imminent investment pockets.
➡️ The overall Intelligent power module market analysis is determined to understand the profitable trends to gain a stronger foothold.
➡️ The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
➡️ The current market forecast is quantitatively analyzed from 2023 to 2031 to benchmark the financial competency
➡️ Porter's five forces analysis illustrates the potency of the buyers and suppliers in the Superconductors.
➡️ The report includes the market share of key vendors and Intelligent power module market trends.

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