Press release
Intelligent Power Module Market Players Seeking Heavy Attention to Reach USD 3.2 Bn by 2030
Intelligent Power Module Market
he Global Intelligent Power Module (IPM) Market, valued at US $1.9 billion in 2023, is projected to reach US $3.2 billion by 2030, growing at a robust CAGR of 10.9 % . This surge is driven by miniaturization efforts, rising demand in electric vehicles (EVs), renewable energy, and industrial automation.
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►Competitive Landscape
eading players include Texas Instruments, ON Semiconductor, STMicroelectronics, Infineon Technologies, ROHM, and Mitsubishi Electric. These companies are expanding their IPM portfolios, integrating higher efficiency and thermal protection.
High Demand Regions: The Asia-Pacific region leads in demand thanks to strong industrial automation in China and Japan, followed by North America and Europe
►Regional Insights
♦ United States - Growth & Opportunity
Growth in the U.S. IPM Market: Increasing adoption of EVs and industrial drives fuels growth. North America shows the fastest regional CAGR, with applications spanning automotive, renewable energy, and consumer electronics .
Opportunity Trends: U.S. manufacturers are developing SiC/GaN-enabled IPMs for cleaner energy.
Consolidation: ON Semiconductor recently acquired smaller IPM specialist firms to expand its industrial automation reach.
Updation: Texas Instruments launched a new IGBT-based IPM series in 2024 targeting HVAC systems.
♦ Asia-Pacific - Trends & Expansion
APAC Trends: Dominates global IPM market; China holds the largest regional share, with India being the fastest-growing national market.
Expansion Trends: Leading vendors like ROHM, Mitsubishi Electric, Fuji Electric, and Sanken Electric are introducing high-voltage IPMs for renewable energy infrastructure.
Consolidation: In 2024, Fuji Electric merged its IPM division with Hon Hai Precision to broaden its automotive segment.
Updation: Mitsubishi Electric unveiled next-gen hybrid IPMs with improved thermal management in early 2025.
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♦ Europe - Opportunity & Growth
Europe Opportunities: A surge in renewable energy installations and EV adoption drives demand. Germany is the top market, with the UK's IPM sector projected to grow at a CAGR of 13.8% between 2025 and 2033, expected to reach US $485 million .
Growth Trends: European firms like Infineon Technologies, STMicroelectronics, and SEMIKRON are enhancing their semiconductor capabilities.
Consolidation: Infineon acquired a UK-based IPM start-up in late 2024 to scale its HVAC control solutions.
Updation: In 2022, STMicroelectronics released SiC-based IPMs for EV platforms, now used in Hyundai/KIA models .
♦ Middle East & Africa - Trends & Consolidation
MEA Trends: While smaller market share, IPM adoption is growing in Egypt and GCC for solar and utility-scale power applications .
Opportunity Growth: Infrastructure projects in Gulf countries are generating demand for high-voltage IPMs.
Consolidation: In 2023, Infineon established a joint venture with Saudi utility firms to localize IPM production.
Updation: Local players now import hybrid IGBT IPMs optimized for desert conditions and temperature resilience.
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► Market Segmentation: In-Depth Analysis:
by Circuit Configuration
6-Pack
7-Pack
Bridge
Others
by Power Device
Insulated Gate Bipolar Transistor (IGBT)
Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
Intelligent Power Module Hybrid
by Application
Consumer Electronics
Industrial Drives
Renewable Energy
Automotive
UPS and Energy Storage
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-intelligent-power-module-market/65420/
► Learn about the top players driving innovation in the Market :
North America
1. Texas Instruments Incorporated (United States)
2. ON Semiconductor (United States)
4. Fairchild Semiconductors International Inc (United States)
5. Future Electronics Inc. (Canada)
Europe
1. STMicroelectronics(Switzerland)
2. Infineon Technologies (Germany)
3. SEMIKRON Elektronik GmbH & Co. KG (Germany)
4. Vincotech GmbH (Germany)
Asia Pacific
1. ROHM Semiconductors (Japan)
2. Mitsubishi Electric Corporation (Japan)
3. Fuji Electric Co. Ltd (Japan)
4. Sanken Electric Co. Ltd (Japan)
5. Hon Hai Precision Industry Co., Ltd (Taiwan)
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