Product Code: PM4391
The global intelligent power module market size is expected to reach USD 7.71 billion by 2032, according to a new study by Polaris Market Research. The report "Intelligent Power Module Market Share, Size, Trends, Industry Analysis Report, By Power Device (IGBT, MOSFET), By Voltage Rating (0 V To 599 V, 600 V To 1,199 V, 1,200 V And Above), By Application, By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
An intelligent power module (IPM) serves as a comprehensive power device that integrates discrete semiconductors like MOSFETs and IGBTs, along with driving and protection circuits, into a single package. These modules find widespread use in diverse applications, ranging from renewable energy systems to home appliances. The market for intelligent power modules is driven by the demand for power devices that offer enhanced system efficiency and simplify the design process. By consolidating multiple components into a single package, IPMs streamline the integration of essential elements in power systems. This integration minimizes the complexity of the design process, making it more efficient and less prone to errors.
In applications like renewable energy, where the demand for efficient power management is crucial, intelligent power modules play a vital role. These modules not only contribute to improving the overall efficiency of power systems but also enhance reliability by integrating protective features. Additionally, in the context of home appliances, intelligent power modules enable manufacturers to create more energy-efficient and compact devices, meeting the growing consumer demand for environmentally friendly and technologically advanced solutions.
Various governments are implementing initiatives to expedite the shift towards electric vehicles, a move that is expected to benefit the market given the integral role of intelligent modules in the EV applications. For instance, in April 2023, the U.S. government disclosed plans for both private and public sector investments aimed at enhancing the production of cost-effective Electric Vehicles (EVs). The U.S. government's Inflation Reduction Act encompasses provisions supporting the installation of EV charging infrastructure in commercial, municipal, and residential settings.
The choice of voltage range is often influenced by the specific requirements of the application. Intelligent power modules within the 600 V to 1,199 V range are versatile and cater to various needs, making them widely accessible. This voltage range is suitable for applications where moderate to high voltage levels are necessary, spanning both consumer-oriented devices like electronics and more robust industrial applications. The availability and adaptability of these modules contribute to their popularity and widespread use across diverse sectors.
Intelligent Power Modules Market Report Highlights
IGBT segment expected to grow at the fastest pace, owing to their ability to withstand high over-loads
600 V to 1,199 V segment held the largest share, due to its applicability in consumer electronics
North America will grow rapidly, primarily due to favorable government initiatives, and innovations in the sector
The key market players include Cissoid, Fuji Electric, Ideal Power, Infineon Technologies, Mitsubishi Electric, ROHM, Semikron Danfoss, & STMicroelectronics
Polaris Market Research has segmented the intelligent power modules market report based on power device, voltage rating, application, and region:
Intelligent Power Module, Power Device Outlook (Revenue - USD Billion, 2019 - 2032)
Intelligent Power Module, Voltage Rating Outlook (Revenue - USD Billion, 2019 - 2032)
- 0 V to 599 V
- 600 V to 1,199 V
- 1,200 V and above
Intelligent Power Module, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Automotive
- Industrial
- Consumer Electronics
- Energy & Utility
- IT & Telecommunication
- Others
Intelligent Power Module, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Intelligent Power Modules Market Insights
- 4.1. Intelligent Power Modules Market - Voltage Rating Snapshot
- 4.2. Intelligent Power Modules Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Adoption of Electric Vehicles and the increasing emphasis on energy efficiency in various industries
- 4.2.1.2. Compact Design and Integration
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Intelligent Power Modules Market Voltage Rating Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Intelligent Power Modules Market, by Power Device
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 5.3. IGBT
- 5.3.1. Global Intelligent Power Modules Market, by IGBT, by Region, 2019-2032 (USD Billion)
- 5.4. MOSFET
- 5.4.1. Global Intelligent Power Modules Market, by MOSFET, by Region, 2019-2032 (USD Billion)
6. Global Intelligent Power Modules Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 6.3. Automotive
- 6.3.1. Global Intelligent Power Modules Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.4. Consumer Electronics
- 6.4.1. Global Intelligent Power Modules Market, by Consumer Electronics, by Region, 2019-2032 (USD Billion)
- 6.5. Energy & Utility
- 6.5.1. Global Intelligent Power Modules Market, by Energy & Utility, by Region, 2019-2032 (USD Billion)
- 6.6. IT & Telecommunication
- 6.6.1. Global Intelligent Power Modules Market, by IT & Telecommunication, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Intelligent Power Modules Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Intelligent Power Modules Market, by Voltage Rating
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 7.3. 0 V to 599 V
- 7.3.1. Global Intelligent Power Modules Market, by 0 V to 599 V, By Region, 2019-2032 (USD Billion)
- 7.4. 600 V to 1,199 V
- 7.4.1. Global Intelligent Power Modules Market, by 600 V to 1,199 V, By Region, 2019-2032 (USD Billion)
- 7.5. 1,200 V and above
- 7.5.1. Global Intelligent Power Modules Market, by 1,200 V and above, By Region, 2019-2032 (USD Billion)
8. Global Intelligent Power Modules Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Intelligent Power Modules Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Intelligent Power Modules Market - North America
- 8.3.1. North America: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.3.2. North America: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.3.3. North America: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Intelligent Power Modules Market - U.S.
- 8.3.4.1. U.S.: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Intelligent Power Modules Market - Canada
- 8.3.5.1. Canada: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4. Intelligent Power Modules Market - Europe
- 8.4.1. Europe: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.3. Europe: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Intelligent Power Modules Market - UK
- 8.4.4.1. UK: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Intelligent Power Modules Market - France
- 8.4.5.1. France: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.5.3. France: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Intelligent Power Modules Market - Germany
- 8.4.6.1. Germany: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Intelligent Power Modules Market - Italy
- 8.4.7.1. Italy: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Intelligent Power Modules Market - Spain
- 8.4.8.1. Spain: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Intelligent Power Modules Market - Netherlands
- 8.4.9.1. Netherlands: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Intelligent Power Modules Market - Russia
- 8.4.10.1. Russia: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5. Intelligent Power Modules Market - Asia Pacific
- 8.5.1. Asia Pacific: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Intelligent Power Modules Market - China
- 8.5.4.1. China: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.4.3. China: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Intelligent Power Modules Market - India
- 8.5.5.1. India: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.5.3. India: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Intelligent Power Modules Market - Malaysia
- 8.5.6.1. Malaysia: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Intelligent Power Modules Market - Japan
- 8.5.7.1. Japan: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Intelligent Power Modules Market - Indonesia
- 8.5.8.1. Indonesia: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Intelligent Power Modules Market - South Korea
- 8.5.9.1. South Korea: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.6. Intelligent Power Modules Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Intelligent Power Modules Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Intelligent Power Modules Market - UAE
- 8.6.5.1. UAE: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Intelligent Power Modules Market - Israel
- 8.6.6.1. Israel: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Intelligent Power Modules Market - South Africa
- 8.6.7.1. South Africa: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.7. Intelligent Power Modules Market - Latin America
- 8.7.1. Latin America: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Intelligent Power Modules Market - Mexico
- 8.7.4.1. Mexico: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Intelligent Power Modules Market - Brazil
- 8.7.5.1. Brazil: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Intelligent Power Modules Market - Argentina
- 8.7.6.1. Argentina: Intelligent Power Modules Market, by Power Device, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Intelligent Power Modules Market, by Voltage Rating, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Intelligent Power Modules Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Alpha and Omega Semiconductor
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Cissoid
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Fuji Electric Co., Ltd
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Ideal Power, Inc
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Infineon Technologies AG
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Mitsubishi Electric Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. ROHM CO., LTD
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Semiconductor Components Industries, LLC (onsemi)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Semikron Danfoss
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Sensitron Semiconductor
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. STMicroelectronics
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development