Global Intelligent Power Module Market Size, By Voltage Rating, By Current Rating, By Circuit Configuration, By Power Devices, End Use and By Region, Market Share & Forecast, Global Forecast to 2022 – 2027.
Global Intelligent Power Module Market
The Global Intelligent Power Module Market size is estimated to be USD 1.8 billion in 2022 and is projected to reach USD 3.0 billion by 2027, at a CAGR of 10.7% from 2022 to 2027.
The Global Intelligent Power Module Market delivers a comprehensive evaluation of the market. It does give a comprehensive analysis via research study which observes historical data & emerging technology to determine the industry’s growth drivers.
Intelligent power module are hybrid power devices i.e., integrated with high performance which contains drive circuit & control unit for the better performance from an insulated gate bipolar transistor chip. The increasing usage of IPMs in consumer electronics, industries and automotive verticals are the key factors boosting the growth of the Intelligent Power Module market. Also, increasing requirements for power generation through renewable sources, focus of OEMs on providing novel & efficient energy and power monitoring modules are some of the major factors propelling the growth of this market.
COVID-19 Impact
The COVID-19 pandemic had affected negatively, as it had restrained the capacity and capability of intelligent power module market participants to develop new products led by supply chain bottleneck and various trade restrictions worldwide.
In this report study, the key trend prospects & important drivers for the Intelligent Power Module market’s growth are explored and analysed in depth. The market dynamics included in the report includes drivers, restraints, opportunities, and challenges, which may have a positive or negative impact on market overall growth.
Global Intelligent Power Module Market Report Objective
This report helps the user understand the market in terms of definition, segmentation, market potential, key trends, and industry challenges. Industry analysis were undertaken across the report’s framework, which will help readers obtain a comprehensive scenario of the market. The market statistics & data were acquired from reliable sources such as websites, annual reports of companies, journals, and other publications, then double-checked and validated by industry experts.
This report also covers PORTER’S five forces to help determine several factors like the threat of substitutes, competitive analysis, power of buyer, supplier as well as the threat of new entry. The report has classified the Global Intelligent Power Module Market based on, Voltage Rating, Current Rating, Circuit Configuration, Power Devices, End Use, and Region.
Key Players:
The Intelligent Power Module Market is dominated by a few globally established players such as Mitsubishi Electric, ON Semiconductor, Infineon Technologies, Fuji Electric, Semikron, Cissiod, Fairchild Semiconductor International, Inc., Vincotech GmbH, Powerex Inc., Future Electronics Inc., Alpha & Omega Semiconductor, and ROHM Co., Ltd. Market players are extensively focusing on research & development activities to provide technically advanced products than their competitors.
Market Taxonomy
By Voltage Rating
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