Intelligent Power Module Market

Intelligent Power Module Market Increasing demand
for modular power solution in the renewable energy
application
Medium and the high-power application have been implemented by using hybrid integration.
Hybrid integration used to cover wide range of power electronics. Intelligent power module or
application specific IPM are being used for voltage ratings up to600V and a current rating from a
few Amp up to 100Amp, and the typical power module for the current ranges greater than
100Amp and voltage over 1200V. Expansion of the intelligent power module market is highly
reliant on the growth of power devices modules mainly focusing on IGBT and mosfet, which
provides system control function and improved system performance.
For purpose of in depth analysis, the intelligent power module market has been segmented on the
basis of voltage rating, current rating, by power device, application, and geography. In terms of
voltage rating, the market can be segmented into upto 600V, 1200V, and above 1200V. In terms
of current rating, the market can be segmented into upto 100A, 101-600 A, and more than 600A.
In terms of power device, the market can be segmented into IGBT and mosfet. Various types of
applications of intelligent power module include consumer durables such as air conditioner,
refrigerator, and washing machine, different industrial application such as servo drives, and also
in UPS. In terms of geography, the global intelligent power module market can be segmented
into Europe, North America, Asia Pacific, Middle East &Africa, and Latin America.
Increasing demand for modular power solution in the renewable energy application is a key
driver for the expansion of the intelligent power module market. Increasing need for high power
density and consistently rising need for IPM in the railway traction motor is estimated to fuel the
expansion of the intelligent power module market. The growing penetration of high voltage
direct current is also a key factor that is anticipated to boost the demand for different modular
power solutions during the forecast period. Additionally, rising demand for consumer goods and
enhanced energy requirement in emerging economies is also anticipated to increase the demand
for modular power solution in the near future. This, in turn, is projected to propel the intelligent
power module market during the forecast period.
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The IPM market is estimated to show a slight dip and instability in growth rate because of the
lower adoption rate of the power electronic devices. Grid faults in the power semiconductor
devices and reduction in the size of the IGBT modules, which is leading towards high power
dissipation, are also restraining factors for the global IPM market. Rising demand for hybrid and
electric vehicles and increasing adoption of clean energy sources is likely to create a significant
opportunity for the intelligent power module market in the near future. Moreover, the emerging
market of GAN and SIC power semiconductors is further projected to act as an opportunity for

the intelligent power module market during the forecast period.
In terms of voltage rating, the voltage upto600V segment held a prominent share of the market,
as it adds IPMs features and advantages in conventional drive stage for an IGBT .However, the
above 1200Vsegment is projected to expand significantly during the forecast period. Increasing
usage of IPM in industrial applications such as renewable and traction energy makes it the most
appropriate choice for various end-user applications.
Geographically, the global intelligent power module is mainly driven by Asia Pacific region.
Increasing demand for consumer durable goods and increased energy requirement of emerging
countries is driving the market in the Asia Pacific region. This region is anticipated to dominate
the market during the forecast period due to the presence of leading consumer durable product
manufacturers in countries such as China, South Korea, and Japan.
Key players operating in the global intelligent power module include Mitsubishi Electric (Japan),
ROHM Semiconductor (Japan),Sanken Electric Co. (Japan),Fuji Electric Co. (Japan), Semikron
(Germany), Vincotech GmbH (Germany),Infineon Technologies AG (Germany),ON
Semiconductor Corporation (U.S.), STMicroelectronics (Switzerland), and Future Electronics
(Canada).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative
insights, historical data, and verifiable projections about market size. The projections featured in
the report have been derived using proven research methodologies and assumptions.
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