Market Highlights:
The increase in fuel efficiency regulations and demand for eco-friendly automotive are driving demand for electrical alternatives. The shifting trend towards renewable energy resources and their optimal utilization are the major factors that are responsible for the growth of global intelligent power modules market.
The market for global intelligent power modules market is segmented into voltage rating, current rating, circuit configuration, power device, application areas, and region.
Key Players:
The key players in the global intelligent power modules market include Digi-Key Electronics (USA), Fairchild Semiconductor International, Inc. (the USA), Fuji Electric Co., Ltd. (Japan), Future Electronics Inc. (Canada), Hon Hai Precision Industry Co. Ltd. (Taiwan), Infineon Technologies AG (Germany), Intel Corporation (USA), Mitsubishi Electric Corp. (Japan), NXP Semiconductors (the Netherlands), ON Semiconductor Corporation (USA), Panasonic Corporation (Japan), Renesas Electronics Corporation (Japan), ROHM Co., Ltd. (Japan), Samsung Electronics (South Korea), Sanken Electric Co., Ltd. (Japan), Semikron (Germany), STMicroelectronics N.V. (Switzerland), Taiwan Semiconductor (Taiwan), and Texas Instruments (USA).
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Intelligent power modules are defined as high voltage integrated devices that can deliver the high voltage output of more than 1200V over a single system-in-package (SIP) module. Market Research Future (MRFR) has published and released a research report about the global intelligent power modules market that adumbrates significant aggrandizement for this market with 11% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 3 bn by 2023.
The primary factor driving the global intelligent power modules market growth is the rising demand for intelligent power modules in consumer electronics. Another factor is high performance and high voltage level shifting of intelligent power modules that are increasing the demand for consumer electronics. Other factors include the rising trend of renewable energy resources, hybrid automotive, electronics industry and lastly, the demand for Gallium Nitride (GaN) and Silicon Carbide (SiC) power semiconductors.
Segmentation:
The global intelligent power modules market has been segmented on the basis of application areas, circuit configuration, current rating, power device, voltage rating, and lastly, region. As per application areas, this market has been segmented into the automotive application, consumer electronic application, renewable energy application, servo drives, uninterrupted power supply (UPS), and others.
Given the circuit configuration, the market has been segmented into 6-Pac, 7-Pac, dual, Phase Bridge, and others. Based on current rating, up to 100 A, 101-600 A, and more than 600 A. On the basis of the power device, the market has been segmented into Insulate Gate Bi-Polar Transistor (IGBT) and Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET). By voltage rating, the market has been segmented into up to 600 V, 601 – 1200 V and more than 1200 V.
Regional Analysis:
By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, the market is majorly dominated by Asia Pacific at present due to a higher concentration of intelligent power module providers in countries like the Taiwan, China and South Korea. Due to this, major contribution is made by China particularly in the development of intelligent power modules. Also, the intelligent power modules in Asia Pacific is booming which is affecting the growth of the market in Asia Pacific.
On the other hand, Europe is expected to show a decent growth considering the intelligent power modules market. However, the North America region is expected to show a significant growth rate throughout the forecast period. Rising demand for energy efficient automotive and increasing awareness among renewable energy resources are driving the market in this region.
Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of The Study
2.3 Market Structure
2.4 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
4 Market Dynamics
Continued. . .
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List of Table:
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL INTELLIGENT POWER MODULE MARKET, BY VOLTAGE RATING, 2017–2023
TABLE 3 GLOBAL INTELLIGENT POWER MODULE MARKET, BY CURRENT RATING, 2017–2023
TABLE 4 GLOBAL INTELLIGENT POWER MODULE MARKET, BY CIRCUIT CONFIGURATION, 2017–2023
TABLE 5 GLOBAL INTELLIGENT POWER MODULE MARKET, BY POWER DEVICE, 2017–2023
Continued. . .
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