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The Intelligent Power Module Market Size was valued at USD 2.30 Billion in 2023 and is expected to reach USD 5.49 Billion by 2032 and grow at a CAGR of 10.2% over the forecast period 2024-2032.
The Intelligent Power Module (IPM) market is experiencing significant growth, Growing demands for energy-efficient electronic systems, new developments in power electronics, and the drive towards renewable energy sources are forcing rapid growth within the IPM marketplace. IPMs are critical elements of power conversion systems since they house the power switching devices along with in-built protection circuits and driving circuitry. The use of an IPM offers a compact and efficient solution for a wide range of applications. They primarily perform tasks related to controlling and managing electrical energy conversion efficiently; hence, they are regarded as one of the most enabling technologies in industries dealing with automotive, industrial automation, consumer electronics, and renewable energy systems.
Government initiatives and regulations are also major factors driving the intelligent power module market. For instance, the European Union in September 2024 came up with new policy updates for its Energy Efficiency Directive that is aimed at helping industrial and commercial systems reduce their energy consumption by 32.5% before the year 2030. The regulation has forced industries to shift their focus toward more energy-efficient technologies, and such technologies include IPMs.
The U.S. Government has also realized this and has undertaken several initiatives to spur the use of efficient power electronics via the EERE office. It has agreed to commit substantial funding to the DoE for research and development of advanced power electronics, meaning SiC and GaN, key components of intelligent power modules. Besides, the proliferation of electric vehicles in the U.S., driven by tax incentives and subsidies under the Inflation Reduction Act of 2022, is likely to accelerate the demand for IPMs in EVs, which have increasing power management needs.
Key Drivers:
Accelerating Demand for Energy Efficiency and Electrification Fuels Growth in the Intelligent Power Module Market
An increasing number of industries are looking at sustainability with less energy consumption. This has thrown a massive order for intelligent power modules. According to the International Energy Agency (IEA), electricity consumption is going to augment profoundly in 2050, thus creating a strong need for power management solutions with high efficiency. Rapid growth in the transition toward electric vehicles also drives the demand for IPMs, given the very complex power requirements associated with electric vehicles and charging stations. The adoption of Intelligent Power Modules has been accelerating. All these present a significant picture of rapid growth given the complexity and rising efficiency of power solutions in automotive and renewable energy applications. It was reported that the advanced IPMs would improve the system performance by 10-20% through enhanced efficiencies in the conversion of energy. In the meantime, potential enhancement in the performance of Intelligent Power Modules itself would also come with further advancement of thermal management technologies. Through effective thermal management, efficiency, and reliability increase by as much as 30% or more in high-power applications. How much is the importance of thermal management in power electronics, the fact that in several applications, failures due to thermal reasons account for more than 50% of failures of power modules discloses this.
Restrain:
Challenges in Thermal Management Hinder Intelligent Power Module Adoption
High-performance applications, such as automotive and renewable energy applications, generate a massive amount of heat that would reduce the reliability and lifespan of the IPM. The most common cause of failure about inefficient thermal management is system failure, hence impairing the efficiency of operations in the modules. A study, in 2024, emphasized thermal management to boost the performance of thermal systems by as much as 15-20%, which allows an improvement of up to 30% of an IPM life span in the automotive and industrial manufacturing industries. More than 50% of the module failures in these industries are related to thermal problems, which would demand better cooling technologies for uninterrupted operation and loss prevention through downtime. The addition of silicon carbide (SiC) technology in IPMs further improves thermal conductivity to enable a more efficient dissipation of 20-30% of heat to traditional silicon modules.
The use of renewable energy-based IPMs had a strong potential for significant growth as more efficient energy conversion was needed in solar and wind power systems. Integration of IPMs in renewable energy infrastructure will be seen to increase by 25-30% over the next five years, and SiC-based IPMs are expected to have up to 50% better efficiency in managing power output variations. By 2030, the sector is anticipated to account for 35% of the total IPM demand, as driven by the industry's push for sustainability and reducing carbon footprints. Overall, they pinpoint the pivotal role that holds thermal management and efficient energy conversion technologies in the IPM market's expansion.
By Application Type
In 2023, Automotive was the largest segment registering over 32% of the total market share, and is to be expected to grow at the highest CAGR of 11.6% during the next forecast period. This is due to increasing HEV and EV adoption, which will become wider in future years. The International Energy Agency reported that electric car sales hit nearly 14 million in 2023, 95 percent of which were in China, and Europe, up again. IPMs play an important role within the automotive systems due to the ever-increasing electrification within this industry, being used to control and optimize diverse functions, such as oil pumps, AC compressors, and onboard chargers of electric vehicles. The IEA also predicts that in 2030, electric vehicles could account for up to 30 percent of new car sales worldwide, thereby increasing the demand for intelligent power management systems in this sphere.
The Consumer Electronics Segment is expected to be remarkable in terms of CAGR during the forecast period. Sharp growth in this segment can be envisaged due to the immense demand for smart as well as performance-intensive products. Intelligent power modules are used in all types of household appliances such as air conditioners, Washing Machines, Refrigerators, Fans, Air Purifiers, And Many More Electronic Devices.
By Voltage Rating Type
In 2023, the 600 V to 1,199 V segment accounted for above 47% of the revenue share from 2023. This segment is mainly driven by its widespread usage in high-end home appliances and industrial drives as it covers a wide range of applications in this voltage category. The segment has gained dominance because the IPM is available within the voltage category. The majority of market players offer IPMs with voltage ratings in this range. As an example, the 650 V TRENCHSTOP IGBT-based IPM IFCM20T65GD is specifically designed by Infineon Technologies AG to be included in industrial drives and appliances that are used within homes. Therefore, as both industry and households change the way they consume energy to more efficient methods, high demand has developed for IPMs whose voltage rating falls in the mid-range.
The 1,200 V and above segment is expected to grow the most rapidly, during the forecast period with a compound annual growth rate of 12.25%. This growth is attributed to the increasing need for high-voltage IPMs in applications such as automotive, industrial automation, and HVAC systems. It also continues to rise due to the global trends toward electric and hybrid vehicles where there is a significant growth in high-voltage IPMs for power management. For instance, onsemi designs the NFVA23512NP2T, an intelligent power module that has a 1,200 V rank and is extensively used in hybrid and electric vehicle applications. In line with increasing demands for energy efficiency, industrial automation is gaining momentum.
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The Asia Pacific region captured over 37% of the Intelligent Power Module market in 2023 and is forecasted to maintain the highest CAGR at 10.83% during the forecast period. This is mainly due to China being the prime market for automobiles and passenger vehicles. In addition, the region has good renewable capacity too. Increased use cases of Intelligent Power Modules in automobiles and renewable energy call fuel for this growth. Manufacturing engagements within the region are strong. Asia's automobile sales grew by 4.5% year over year to 5,378,704 units in the first half of 2023. Economic recovery improved supply, accounting for the growth. The automobile production for the quarter increased by 13.3% at 7.48 million units on account of robust manufacturing activities in the region. The exports of India went down by 1.3%, while other nations were experiencing double-digit growth in exports. Such a vibrant automotive scene lends scope for the demand for IPMs in electric and hybrid vehicles, growing more and more common in the market.
The growth in the North American region is likely to be significant due to an expected robust increase in the Intelligent Power Module market with a high CAGR during the forecast period. The major proponents for this growth are led by the major players, such as Semiconductor Components Industries, LLC (onsemi) and Alpha and Omega Semiconductor, which set the pace of innovation. The advanced technology setup and relatively high electronics manufacturing activities in the region are enabling growth in this market. In addition, government initiatives undertaken in 2023 to promote the development of semiconductor production will boost market trends, which is one step among other measures taken to further develop the electronics sector.
Some of the major players in the Intelligent Power Module Market are:
Mitsubishi Electric Corporation (Mitsubishi Electric Power Modules, Mitsubishi Electric IPM Drivers)
Semiconductor Components Industries, LLC (onsemi) (onsemi IPM Modules, onsemi IPM Gate Drivers)
Infineon Technologies AG (Infineon CoolSiC™ IPMs, Infineon CoolMOS™ IPMs)
Fuji Electric Co., Ltd. (Fuji Electric IPM Modules, Fuji Electric IPM Gate Drivers)
Semikron Danfoss (Semikron SK600 IPM Modules, Semikron SK300 IPM Modules)
ROHM CO., LTD. (ROHM Power Modules, ROHM Gate Drivers)
STMicroelectronics (STPower IPM Modules, STMicroelectronics Gate Drivers)
Alpha and Omega Semiconductor (Alpha and Omega Power Modules, Alpha and Omega Gate Drivers)
Sensitron Semiconductor (Sensitron Power Modules, Sensitron Gate Drivers)
Ideal Power, Inc. (Ideal Power Half Bridge Modules, Ideal Power Full Bridge Modules)
Cissoid (Cissoid Power Modules, Cissoid Gate Drivers)
Texas Instruments (Texas Instruments Power Modules, Texas Instruments Gate Drivers)
Vicor Corporation (Vicor Power Modules, Vicor Gate Drivers)
Powerex, Inc. (Powerex Power Modules, Powerex Gate Drivers)
Littelfuse (Littelfuse Power Modules, Littelfuse Gate Drivers)
Diodes Incorporated (Diodes Incorporated Power Modules, Diodes Incorporated Gate Drivers)
Vishay Intertechnology (Vishay Power Modules, Vishay Gate Drivers)
Fairchild Semiconductor (Fairchild Power Modules, Fairchild Gate Drivers)
Microchip Technology (Microchip Power Modules, Microchip Gate Drivers)
Renesas Electronics Corporation (Renesas Power Modules, Renesas Gate Drivers)
In February 2024, onsemi debuted its 7th generation IGBT-based Intelligent Power Modules to further unlock performance in applications in the automotive and industrial arenas. The modules deliver enhanced efficiency and thermal performance that are better equipped to meet increasing power management demands in electrification and renewable energy groups.
In August 2024, At the company's booth, Infineon showed its new CIPs Maxi Intelligent Power Modules, optimized for high-performance applications. The company expects that the leading-edge technology implemented in its modules will satisfy the requirements for robust power solutions in all areas - especially automotive and industrial automation.
In January 2024, Thelec announced, "Thelec reaches landmark in power module technology". According to them, the company is experiencing tremendous progress in the power module segment, still reflecting the main trends in this industry. The report underlined "Efficiency and reliability becoming ever more significant issues in Intelligent Power Modules as industries look towards sustainable energy solutions".
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 2.30 Billion |
Market Size by 2032 | US$ 5.49 Billion |
CAGR | CAGR of 10.2 % From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Power Device Type (IGBT, MOSFET) • By Voltage Rating Type (0 V to 599 V, 600 V to 1,199 V, 1,200 V and above) • By Application Type (Automotive, Industrial, Consumer Electronics, Energy & Utility, IT & Telecommunication, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Mitsubishi Electric Corporation, Semiconductor Components Industries, LLC (onsemi), Infineon Technologies AG, Fuji Electric Co., Ltd., Semikron Danfoss, ROHM CO., LTD., STMicroelectronics, Alpha and Omega Semiconductor, Sensitron Semiconductor, Ideal Power, Inc., Cissoid, Texas Instruments, Vicor Corporation, Powerex, Inc., Littelfuse, Diodes Incorporated, Vishay Intertechnology, Fairchild Semiconductor, Microchip Technology, Renesas Electronics Corporation |
Key Drivers | • Accelerating Demand for Energy Efficiency and Electrification Fuels Growth in the Intelligent Power Module Market. |
Restraints | • Challenges in Thermal Management Hinder Intelligent Power Module Adoption |
Ans: The Intelligent Power Module Market is expected to grow at a CAGR of 10.2% during 2024-2032.
Ans: The Intelligent Power Module Market size was USD 2.30 billion in 2023 and is expected to Reach USD 5.49 billion by 2032.
Ans: The major growth factor of the Intelligent Power Module Market is the increasing demand for energy-efficient and high-performance power solutions in various industries, particularly in automotive, consumer electronics, and industrial automation.
Ans: Automotive dominated the Intelligent Power Module Market.
Ans: Asia Pacific dominated the Intelligent Power Module Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Key Vendors and Feature Analysis, 2023
5.2 Performance Benchmarks, 2023
5.3 Integration Capabilities, by Software
5.4 Usage Statistics, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Intelligent Power Module Market Segmentation, By Power Device Type
7.1 Chapter Overview
7.2 IGBT
7.2.1 IGBT Market Trends Analysis (2020-2032)
7.2.2 IGBT Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 MOSFET
7.3.1 MOSFET Market Trends Analysis (2020-2032)
7.3.2 MOSFET Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Intelligent Power Module Market Segmentation, By Voltage Rating Type
8.1 Chapter Overview
8.2 0 V to 599 V
8.2.1 0 V to 599 V Market Trends Analysis (2020-2032)
8.2.2 0 V to 599 V Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 600 V to 1,199 V
8.3.1 600 V to 1,199 V Market Trends Analysis (2020-2032)
8.3.2 600 V to 1,199 V Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 1,200 V and above
8.4.1 1,200 V and above Market Trends Analysis (2020-2032)
8.4.2 1,200 V and above Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Intelligent Power Module Market Segmentation, By Application Type
9.1 Chapter Overview
9.2 Automotive
9.2.1 Automotive Market Trends Analysis (2020-2032)
9.2.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Industrial
9.3.1 Industrial Market Trends Analysis (2020-2032)
9.3.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Consumer Electronics
9.4.1 Consumer Electronics Market Trends Analysis (2020-2032)
9.4.2 Consumer Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Energy & Utility
9.5.1 Energy & Utility Market Trends Analysis (2020-2032)
9.5.2 Energy & Utility Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 IT & Telecommunication
9.6.1 IT & Telecommunication Market Trends Analysis (2020-2032)
9.6.2 IT & Telecommunication Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.4 North America Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.2.5 North America Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.6.2 USA Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.2.6.3 USA Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.7.2 Canada Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.2.7.3 Canada Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.7.2 France Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.7.3 France Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.6.2 China Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.6.3 China Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.7.2 India Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.7.3 India Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.8.2 Japan Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.8.3 Japan Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.12.2 Australia Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.12.3 Australia Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.4 Africa Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.2.5 Africa Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Intelligent Power Module Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.4 Latin America Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.6.5 Latin America Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Intelligent Power Module Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Intelligent Power Module Market Estimates and Forecasts, By Power Device Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Intelligent Power Module Market Estimates and Forecasts, By Voltage Rating Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 Mitsubishi Electric Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Infineon Technologies AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Fuji Electric Co., Ltd.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Semikron Danfoss
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 ROHM CO., LTD.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 STMicroelectronics
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Sensitron Semiconductor
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Cissoid
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Texas Instruments
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Microchip Technology
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
MARKET SEGMENTATION
By Power Device Type
IGBT
MOSFET
By Voltage Rating Type
0 V to 599 V
600 V to 1,199 V
1,200 V and above
By Application Type
Automotive
Industrial
Consumer Electronics
Energy & Utility
IT & Telecommunication
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Washing Machine Market Size was valued at USD 62.22 Billion in 2023 and is expected to reach USD 117.54 Billion by 2032 and grow at a CAGR of 7.4% over the forecast period 2024-2032.
The Humanoid Robot Market Size was valued at USD 1.72 Billion in 2023 and is expected to grow at a CAGR of 51.2% to reach USD 71.03 Billion by 2032.
Image Sensor Market size was valued at USD 27.71 billion in 2023 and is expected to grow to USD 58.72 billion by 2032 and grow at a CAGR of 8.7% over the forecast period of 2024-2032.
The Robotic Vision Market Size was valued at USD 2.62 Billion in 2023 and is expected to grow at a CAGR of 9.13% to reach USD 5.73 Billion by 2032.
The AI-Powered Storage Market Size was valued at USD 23.05 billion in 2023 and is expected to reach USD 172.9 billion by 2032 and grow at a CAGR of 25.1% over the forecast period 2024-2032.
The Thermal Systems Market size was valued at USD 39.19 billion in 2023 and is estimated to reach USD 47.08 billion by 2032, growing at a CAGR of 2.60% over the forecast period of 2024-2032.
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