Intelligent power modules are defined as high voltage integrated devices that can deliver the high voltage output of more than 1200V over a single system-in-package (SIP) module. Market Research Future (MRFR) has published and released a research report about the global intelligent power modules market that adumbrates significant aggrandizement for this market with 11% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 3 bn by 2023.
The primary factor driving the global intelligent power modules market growth is the rising demand for intelligent power modules in consumer electronics. Another factor is high performance and high voltage level shifting of intelligent power modules that are increasing the demand for consumer electronics. Other factors include the rising trend of renewable energy resources, hybrid automotive, electronics industry and lastly, the demand for Gallium Nitride (GaN) and Silicon Carbide (SiC) power semiconductors.
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The global intelligent power modules market has been segmented on the basis of application areas, circuit configuration, current rating, power device, voltage rating, and lastly, region. As per application areas, this market has been segmented into the automotive application, consumer electronic application, renewable energy application, servo drives, uninterrupted power supply (UPS), and others.
Given the circuit configuration, the market has been segmented into 6-Pac, 7-Pac, dual, Phase Bridge, and others. Based on current rating, up to 100 A, 101-600 A, and more than 600 A. On the basis of the power device, the market has been segmented into Insulate Gate Bi-Polar Transistor (IGBT) and Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET). By voltage rating, the market has been segmented into up to 600 V, 601 – 1200 V and more than 1200 V.
The regional segmentation of the global intelligent power modules market segments the market into the continent-based regional market known as North America, Europe, Asia Pacific and rest of the world (RoW). The Asia Pacific has been anticipated to hold the major market share for during the forecast period. The growing urbanization, technological advancement, low manufacturing costs, presence of many key market players in the region, supporting government policies and the rising demand from consumer electronics are the two factors that are driving Intelligent Power Modules Market Share in this region. The leading country-specific markets in this region are China, India, Japan, and Taiwan, followed by the rest of the Asia Pacific.
North America is expected to hold a remarkable share during the forecast period. The technological advancement, demand for high voltage transmissions without many losses, and the rising adoption of renewable energy resources. The most important country-specific markets in this region are the United States of America (USA), Canada, and Mexico. In Europe, the demand for electric and hybrid vehicles is driving the market. The significant country-specific markets in this region are France, Germany, and the United Kingdom (UK).
The key players in the global intelligent power modules market include Digi-Key Electronics (USA), Fairchild Semiconductor International, Inc. (the USA), Fuji Electric Co., Ltd. (Japan), Future Electronics Inc. (Canada), Hon Hai Precision Industry Co. Ltd. (Taiwan), Infineon Technologies AG (Germany), Intel Corporation (USA), Mitsubishi Electric Corp. (Japan), NXP Semiconductors (the Netherlands), ON Semiconductor Corporation (USA), Panasonic Corporation (Japan), Renesas Electronics Corporation (Japan), ROHM Co., Ltd. (Japan), Samsung Electronics (South Korea), Sanken Electric Co., Ltd. (Japan), Semikron (Germany), STMicroelectronics N.V. (Switzerland), Taiwan Semiconductor (Taiwan), and Texas Instruments (USA).
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