Market Overview:

In addition, the worldwide Intelligent Power Modules (IPM) Market has been expected to increase at a CAGR of 11.8%, with a value of USD 5 billion over the projected period of 2031.

Personal computing sector trends such as lower system size, faster processors, and the requirement to enable sophisticated applications are projected to drive the intelligent power module market growth under consideration. As the goods are implemented, many adjustments in intelligent power modules can be made to meet changes in design or fundamental structure (such as the addition of a rail or an increase in the current or amperage). SMBus and PMBus allow system flexibility, which is not achievable with typical analogue power modules.

The usage of intelligent power modules allows for creating more compact product designs. The introduction of intelligent power modules boosts the dependability of the systems. Because many governments attempted to protect the environment and minimize CO2 emissions, intelligent power modules in the automobile sector have increased significantly. These modules allow for high levels of efficiency and operational performance. Electric cars have a strong growth potential, which drives the Intelligent Power Modules (IPM) Market. The COVID-19 epidemic has limited the capacity of intelligent power module industry participants to produce new products due to supply chain bottlenecks and other trade restrictions throughout the world. The pandemic epidemic has also forced the closure of many manufacturing factories that produce automobiles and consumer goods. Companies in end-user sectors have planned to cut their manufacturing capacities due to falling customer demand, limiting market growth potential. However, the post-COVID-19 situation will boost automotive and renewable energy investments.

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Key Players

STMicroelectronics NV (Switzerland), ROHM Semiconductors (Japan),Infineon Technologies (Germany), Texas Instruments Incorporated (US), Mitsubishi Electric Corporation (Japan), ON Semiconductor (US), Fuji Electric Co. Ltd (Japan), Hon Hai Precision Industry Co., Ltd (Taiwan), and Sanken Electric Co. Ltd (Japan)

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Intelligent Power Module Market Segmentation:

The global Intelligent Power Module Market has been classified into operational voltage, power device, application regional analysis. With the operational voltage section, the market has been divided into two types like 600V 1200V. The power device is further divided into two sections IGBT MOSFET. With the terms of application basis, the intelligent power module market has been classified into five consumer electronics, servo drives, transportation, renewable energy other applications. The global market has been classified into five sections: Asia-Pacific, Europe, North America, South America, and Middle East Africa with a regional basis.

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Regional Analysis:

Because of multiple established competitors in the region, North America is one of the most significant regions in the market analyzed. The United States boasts one of the world's major automotive marketplaces and is home to several worldwide automotive and auto parts manufacturers. Ford, General Motors, Fiat Chrysler Automobiles, and Tesla are among the region's main vehicle manufacturers headquartered in the main. Tesla is at the very edge of technical innovation. With billions of dollars spent in the United States, the automobile sector employs hundreds of thousands of Americans, both directly and indirectly. The automotive industry is estimated to spend roughly USD 105 billion on RD each year, with around USD 18 billion invested in the United States to incorporate newer and more sophisticated sensors into autos. With the rise of the automotive sector, which is likely to increase hybrid electric vehicles and autonomous vehicles, IPM in the area will increase usage since it will be utilized for enhanced in-vehicle features.