The global intelligent power module market size is expected to grow from $1.8 billion in 2022 to $3.0 billion in 2027, growing at a CAGR of 10.7% from 2022 to 2027

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Rising demands for power generation from renewable sources, OEMs focus on providing new and efficient energy and power monitoring modules, and rising demand for IPMs in industrial, automotive and consumer electronics are some of the key factors driving the growth of intelligent power modules market .

New York, July 06, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Intelligent Power Module Market by Voltage Rating, Current Rating, Circuit Configuration, Power Devices, Vertical, Region – Global Forecast to 2027” – https://www.reportlinker.com/p03825779/?utm_source=GNW

COVID-19 has emerged as a global pandemic that has spread worldwide and disrupted several industries around the world. The prominent players in all sectors have been affected by this pandemic.

The foreseeable decline in the growth of end-user industries could have a significant direct impact on the intelligent power module market.

Up to 100A current rating segment to represent the larger market share from 2022 to 2027
IPMs with currents up to 100 A are sufficient for domestic applications, including everyday appliances such as washing machines, air conditioners and dishwashers. Such IPMs are manufactured by all major players such as Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), ON Semiconductor Corporation (USA) and Infineon Technologies AG (Germany). The main target segment of these IPMs is the consumer electronics sector. Some of the benefits of these IPMs include cost savings from a smaller footprint and less PCB space. Easy implementation of 2 or 3 phase motor drives with half bridge IPMs and half bridge configuration allows for more flexible board design with better thermal performance.

Industrial verticality is expected to carry the largest share of the intelligent power module market during the forecast period.
The industrial segment is expected to hold the largest share of the intelligent power module market during the forecast. Industrial is one of the key verticals for the intelligent power module market.

The industrial segment includes industrial manufacturing, process industries and the energy and power industry. Industrial devices such as pumps, conveyors, compressors, cranes, winders, extruders and rollers use powered modules to control and protect the circuitry.

Processes such as electroplating, electrolysis, welding, lighting and induction heating are equipped with power modules to use electrical power efficiently and safely. The ease of manufacture has led to the availability of these devices in a wide range of current and high voltage ratings.

IPMs control all motors used in rolling mill, textile and cement plants.

Asia is expected to account for the largest share of the market during the forecast period.
Asia-Pacific is expected to carry the largest size of the intelligent power module market by 2022. Rapid industrialization and infrastructure development are driving the growth of China’s consumer electronics and automotive industries, which is expected to increase the demand for intelligent power modules in the region.

China is the world’s largest producer and end user of consumer electronics such as smartphones, tablets and home appliances. The increasing need for energy management in consumer electronics products is fueling the demand for intelligent power modules in the consumer electronics industry.

Breakdown of the profiles of primary participants:
• By business type – Tier 1 – 56%, Tier 2 – 23% and Tier 3 – 21%
• By designation – C-Level Executives – 45%, Directors – 30% and others – 25%
• By Region: North America – 40%, Europe – 23%, Asia-Pacific – 26% and RoW – 11%

Research Coverage:
The intelligent power module market is segmented into amperage, voltage rating, circuit configuration, power devices, vertical, and region. The intelligent power module market was surveyed for North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Reasons to buy the report:
• Illustrative segmentation, analysis and forecasting of the market based on current value, voltage value, circuit configuration, power equipment, vertical and region have been performed to provide an overall picture of the intelligent power module market.
• A value chain analysis was performed to provide in-depth insights into the intelligent power module market.
• The major drivers, restraints, opportunities and challenges related to the Intelligent Power Module Market have been described in this report.
• The report covers a detailed competitive landscape of the market along with the key players and an in-depth analysis of their revenue
Read the full report: https://www.reportlinker.com/p03825779/?utm_source=GNW

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