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PUBLISHER: Grand View Research | PRODUCT CODE: 1405069
PUBLISHER: Grand View Research | PRODUCT CODE: 1405069
Intelligent Power Module Market Size, Share & Trends 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, 2023 - 2030
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Intelligent Power Module Market Growth & Trends:
The global intelligent power module market size is projected to reach USD 6.11 billion by 2030, growing at a CAGR of 11.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. An intelligent power module is a power device that combines discrete semiconductors, such as MOSFETs and IGBTs, and driving & protection circuits in a single package. They are used in a variety of applications, including renewable energy and home appliances. The need for power devices that improve system efficiency and minimize design process complexity drives the market growth. The COVID-19 pandemic posed significant challenges for the market players owing to lockdowns and travel restrictions that led to supply chain disruptions.
Several governments are undertaking initiatives to accelerate the transition to electric vehicles. Such initiatives are likely to aid the market as intelligent power modules are used in electric vehicle applications. For instance, in April 2023, the U.S. government announced private and public sector investments to boost the production of affordable Electric Vehicles (EVs). The U.S. government's Inflation Reduction Act includes support for commercial, municipal, and residential EV charging infrastructure installation.
Based on power device, the market is divided into IGBT and MOSFET. IGBT-based intelligent power modules are used for low switching frequency, high current, and high voltage applications. Factors such as switching frequency and thermal capacity must be considered while selecting an IGBT. Based on voltage range, the market is divided into 0 V to 599 V, 600 V to 1,199 V, and 1,200 V and above segments. Intelligent power modules with voltage ratings between 600 V and 1,199 V are widely available and cater to various applications, including consumer electronics and industrial applications.
Market players are launching new intelligent power modules with low noise and loss, which is likely to boost the market growth. For instance, in April 2021, ROHM CO., LTD. announced the launch of four new IGBT-based 600 V intelligent power modules under the BM6437x series. The intelligent power modules are designed for use in home appliances, such as washing machines and air conditioners, and industrial applications, such as small-capacity motors for robots. The new models are designed to reduce power loss and noise.
The key players operating in the market are adopting different strategies such as partnerships & collaborations, new product launches, and others to expand their presence and market share. In October 2020, STMicroelectronics and Sanken Electric Co., Ltd, a Japan-based semiconductor manufacturer, announced a strategic partnership to develop high-voltage intelligent power modules for automotive and industrial applications. With this partnership, the companies aimed to develop superior-performing modules and boost efficiency and reliability in customer products.
Intelligent Power Module Market Report Highlights:
- The market is projected to grow significantly due to the growing adoption of electric vehicles and the rising transition to renewable energy globally
- Based on power devices, the IGBT segment is projected to grow at the fastest CAGR of 11.4% over the forecast period. The segment's growth can be attributed to the ability of IGBTs to withstand overloads and their wide range of applications in growing end-user industries, such as the automotive sector
- Based on voltage rating, the 600 V to 1,199 V segment dominated the market in 2022 with a market share of more than 49.0% and is expanding at a CAGR of 11.0% from 2023 to 2030
- In terms of application, the automotive segment held the largest revenue share in the market in 2022 and is projected to grow at a CAGR of 12.1% from 2023 to 2030. The growing adoption of hybrid electric and fully electric vehicles is contributing to the segment's growth
Product Code: GVR-4-68040-158-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Intelligent Power Module Market Value Chain Analysis
- 3.3. Intelligent Power Module Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Intelligent Power Module Market PESTEL Analysis
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on the Intelligent Power Module Market
Chapter 4. Intelligent Power Module Market Power Device Outlook
- 4.1. Intelligent Power Module Market, By Power Device Analysis & Market Share, 2022 & 2030
- 4.2. IGBT
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.3. MOSFET
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Intelligent Power Module Market Voltage Rating Outlook
- 5.1. Intelligent Power Module Market, By Voltage Rating Analysis & Market Share, 2022 & 2030
- 5.2. 0 V to 599 V
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.3. 600 V to 1,199 V
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.4. 1,200 V and above
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Intelligent Power Module Market Application Outlook
- 6.1. Intelligent Power Module Market, By Application Analysis & Market Share, 2022 & 2030
- 6.2. Automotive
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.3. Industrial
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.4. Consumer Electronics
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.5. Energy & Utility
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.6. IT & Telecommunication
- 6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 7. Intelligent Power Module Market: Regional Estimates & Trend Analysis
- 7.1. Intelligent Power Module Market Share by Region, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2017 - 2030
- 7.2.2. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.2.3. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.2.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.2.5.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.2.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.2.6.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.2.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2017 - 2030
- 7.3.2. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2017 - 2030
- 7.4.2. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.3. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.5. India
- 7.4.5.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.6. China
- 7.4.6.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.4.9.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.4.9.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2017 - 2030
- 7.5.2. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5.6. Mexico
- 7.5.6.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2017 - 2030
- 7.6.2. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.5. Kingdom of Saudi Arabia (KSA)
- 7.6.5.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Market estimates and forecasts, By Power Device, 2017 - 2030 (USD Million)
- 7.6.7.2. Market estimates and forecasts, By Voltage Rating, 2017 - 2030 (USD Million)
- 7.6.7.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
Chapter 8. Intelligent Power Module Market Competitive Landscape
- 8.1. Key Market Participants
- 8.1.1. Mitsubishi Electric Corporation
- 8.1.2. Semiconductor Components Industries, LLC (onsemi)
- 8.1.3. Infineon Technologies AG
- 8.1.4. Fuji Electric Co., Ltd.
- 8.1.5. Semikron Danfoss
- 8.1.6. ROHM CO., LTD.
- 8.1.7. STMicroelectronics
- 8.1.8. Alpha and Omega Semiconductor
- 8.1.9. Sensitron Semiconductor
- 8.1.10. Ideal Power, Inc.
- 8.1.11. Cissoid
- 8.2. Key Company Market Share Analysis, 2022
- 8.3. Company Categorization/Position Analysis, 2022
- 8.4. Strategic Mapping
- 8.4.1. Expansion
- 8.4.2. Acquisition
- 8.4.3. Collaborations
- 8.4.4. Product/service launch
- 8.4.5. Partnerships
- 8.4.6. Others
Product Code: GVR-4-68040-158-6
List of Tables
- Table 1 Global intelligent power module market revenue estimates and forecast, by power device, 2017 - 2030 (USD Million)
- Table 2 Global intelligent power module market revenue estimates and forecast, by voltage rating, 2017 - 2030 (USD Million)
- Table 3 Global intelligent power module market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
- Table 4 Global intelligent power module market revenue estimates and forecast, by region, 2017 - 2030 (USD Million)
- Table 5 Key companies undertaking partnerships and collaboration
- Table 6 Key companies launching a new product
List of Figures
- Fig. 1 Intelligent power module market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot (1/2)
- Fig. 8 Segment snapshot (2/2)
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Intelligent power module market value, 2017 - 2030 (USD Million)
- Fig. 11 Intelligent power module market - Industry value chain analysis
- Fig. 12 Intelligent power module market - Market trends
- Fig. 13 Intelligent power module market: Porter's analysis
- Fig. 14 Intelligent power module market: PESTEL analysis
- Fig. 15 Intelligent power module market, by Power Device: Key takeaways
- Fig. 16 Intelligent power module market, by Power Device: Market share, 2022 & 2030
- Fig. 17 IGBT intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 18 MOSFET intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Intelligent power module market, by Voltage Rating: Key takeaways
- Fig. 20 Intelligent power module market, by Voltage Rating: Market share, 2022 & 2030
- Fig. 21 0 V to 599 V intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 22 600 V to 1,199 V intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 23 1,200 V and above intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 24 Intelligent power module market, by Application: Key takeaways
- Fig. 25 Intelligent power module market, by Application: Market share, 2022 & 2030
- Fig. 26 Automotive intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 27 Industrial intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 28 Consumer electronics intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Energy & utility intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 30 IT & telecommunication intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 31 Others intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 32 Global intelligent power module market revenue, by region, 2022 & 2030, (USD Million)
- Fig. 33 North America intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 34 U.S. intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Canada intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Europe intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 37 UK intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Germany intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 39 France intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Asia Pacific intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 41 India intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 42 China intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Japan intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 44 South Korea intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 45 Australia intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Latin America intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 47 Brazil intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Mexico intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 49 Middle East & Africa intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 50 Kingdom of Saudi Arabia (KSA) intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 51 U.A.E. intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 52 South Africa intelligent power module market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Key company categorization
- Fig. 54 Intelligent power module market - Key company market share analysis, 2022.
- Fig. 55 Strategic framework
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