Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Intelligent Power Module Market size is expected to reach $2.5 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The 601V - 1,200V segment is showcasing a CAGR of 8.8% during (2022 - 2028). The maximum voltage that can be continually applied to a finished cable construction while still adhering to the applicable cable standard or specification is known as a cable's voltage rating. Simply described, it is the highest voltage at which a cable can function reliably. Cables with a 601 V–1200 V rating can be used with intelligent power modules. Moreover, they can be applied to cables with up to 600 V and 1200 V.
The 6-Pack segment acquired maximum revenue share in the Global Intelligent Power Module Market by Circuit Configuration in 2021 thereby, achieving a market value of $1.1 billion by 2028. The 6-Pack is a product that combines a 3-phase inverter circuit into a single module, creating a main circuit with a small footprint. In addition, for connecting the module terminal and the printed circuit board, solder or solderless terminals are offered.
The Consumer Electronics segment has shown the growth rate of 8.6% during (2022 - 2028). The demand for power electronics in power control applications is anticipated to increase as consumer electronics devices like tablets, smartphones, and smart wearables become more popular. The consumer electronics sector is expected to develop faster due to the growing use of power electronics in household appliances.
The Up to 100A segment is leading the Global Intelligent Power Module Market by Current Rating in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028. Increasing global living standards have led to an increase in demand for consumer electronics and small domestic appliances, which in turn is fueling the intelligent power module market growth in this segment.
The Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) segment is poised to grow at a CAGR of 8.7% during (2022 - 2028). In power-demanding applications, power MOSFETs are a crucial component. They are well suited for medium- and high-power usage cases since they have a comparatively low gate charge. The reduced gate charge makes higher efficiencies and higher frequencies possible, which lowers the amount of driving current needed. For a wide range of applications, power MOSFETs provide various advantages. These advantages include affordability, ease of integration with power electronics, and compact size.
The Asia Pacific market dominated the Global Intelligent Power Module Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.1 billion by 2028. The Europe market is experiencing a CAGR of 7.9% during (2022 - 2028). Additionally, The North America market would display a CAGR of 7.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/intelligent-power-module-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG, Rohm Co., Ltd., STMicroelectronics N.V., Microchip Technology Incorporated, Texas Instruments, Inc., Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), Renesas Electronics Corporation and ON Semiconductor Corporation.
By Circuit Configuration
By Current Rating
By Power Device
Unique Offerings from KBV Research
North America Intelligent Power Module Market size & Opportunities 2022-2028
Europe Intelligent Power Module Market & Growth Forecast 2022-2028
Asia Pacific Intelligent Power Module Market Share & Industry Outlook to 2028
LAMEA Intelligent Power Module Market Growth, Trends & Forecasts 2022-2028