Intelligent Power Module (IPM) Market - Growth, Trends, and Forecast (2019 - 2024)

The Intelligent Power Module (IPM) Market is Segmented by Operation Voltage (600V, 1200V), Power Device (IGBT, MOSFET), Application (Consumer Electronics, Servo Drives, Transportation, Renewable Energy), and Geography.

Market Snapshot

cagr
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

8.81%

Key Players:

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Market Overview

The global intelligent power module (IPM) market was valued at USD 1.67 billion in 2018 and is expected to reach a value of USD 2.77 billion by 2024 at a CAGR of 8.81%, during the forecast period (2019 - 2024). Trends in the personal computing industry, such as smaller system size,s faster processors, and the need to support advanced applications, are expected to promote the growth of the market studied.

  • As the products are being deployed, several changes can be incorporated in the implementation of intelligent power modules, to accommodate changes in design or basic structure (such as the addition of a rail or an increase in the current or amperage). The flexibility of systems can be provided by the use of SMBus and PMBus, which is not possible with traditional analog power modules.
  • Compact designs of the products can also be made possible with the use of intelligent power modules. Owing to the implementation of intelligent power modules, the reliability of the systems also increases.
  • Owing to initiatives rolled out by various governments, to preserve the environment and reduce CO2 emission, the adoption of intelligent power modules has witnessed a marked increase, in the automotive industry. These modules enable the delivery of high degrees of efficiency and operational performance.
  • There is a high potential for the growth of electric vehicles, which drives the intelligent power module (IPM) market.

Scope of the Report

Intelligent power modules (IPMs) are highly integrated and compact power modules. They enable the optimal utilization of power, in a wide range of industries. They are widely used in consumer electronics, servo drives, transportation, renewable energy, and others.

By Operational Voltage
600V
1200V
By Power Device
IGBT
MOSFET
By Application
Consumer Electronics
Servo Drives
Transportation
Renewable Energy
Other Applications
Geography
North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America

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Key Market Trends

Renewable Energy to Drive the Adoption Rate for Intelligent Power Modules

  • IPM applications in the renewable energy sector include usage in wind turbine inverters (both off-shore and on-shore), photovoltaic inverters, and micro-inverters.
  • It is expected that around one-third of global power needs would be addressed by solar and wind energies, by 2040. This factor is expected to have a significant impact on the market studied, as IPM forms a critical component of these power architectures.
  • With over 100 countries generating power from wind and a projected ten-fold increase in global production of electricity from wind, the market studied is projected to experience a boost.
  • The increasing deployment of off-shore wind networks involving power transmission systems, based on high-voltage direct current (HVDC) technology, where IPM is an essential component, is driving the market studied
graph

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United States is Emerge as a Prominent Market for IPM

  • North America is one of the most important regions in the market studied, owing to the presence of several established players in the region.
  • The United States has one of the largest automotive markets across the globe, and is home to several global automotive and auto parts manufacturers. Some of the major automobile manufacturers based out of the region include Ford, General Motors, Fiat Chrysler Automobiles, and Tesla. Tesla is at the forefront of technological innovation.
  • With billions of dollars invested in the United States, the automotive industry, directly and indirectly, employs hundreds of thousands of US citizens. It was estimated that the automotive industry annually spends nearly USD 105 billion on R&D, worldwide, about USD 18 billion of which is spent in the United States, to incorporate newer and more advanced sensors into automobiles.
  • With this growth in the automotive industry that is further expected to result in growth in hyrbid electric vehciles and autonomous cars, IPM in the region will witness an increased adoption as they will be used for better in-vehcile features.
heatmap

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Competitive Landscape

The major players include - Mitsubishi Electric Corp, Infineon Technologies AG, Fuji Electric Co. Ltd, Fairchild Semiconductors, ROHM Co. Ltd, ST Microelectronics NV, ON Semiconductor Corporation. These players dominate the market, resulting in a consolidated market. As a result of this, the market concentration is high.

  • April 2018 - Mitsubishi Electric Corporation announced plans to launch a MISOPTM (Mitsubishi Electric intelligent small outline power module) surface-mount package intelligent power module (IPM) that will facilitate the implementation of low-cost inverter systems. 
  • February 2018 - Molex and INVECAS have entered into a collaborative partnership to develop Automotive Infotainment Media Module for intelligent vehicles

Major Players

  1. Mitsubishi Electric Corp.
  2. Infineon Technologies AG
  3. Fuji Electric Co. Ltd
  4. ROHM Co. Ltd
  5. ON Semiconductor Corporation

* Complete list of players covered available in the table of contents below

MC

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increasing Reliability through an Enhanced Level of Monitoring

      2. 4.3.2 High Potential for Growth of Electric Vehicles

    4. 4.4 Market Restraints

      1. 4.4.1 Sluggish Adoption of New Technologies

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Operational Voltage

      1. 5.1.1 600V

      2. 5.1.2 1200V

    2. 5.2 By Power Device

      1. 5.2.1 IGBT

      2. 5.2.2 MOSFET

    3. 5.3 By Application

      1. 5.3.1 Consumer Electronics

      2. 5.3.2 Servo Drives

      3. 5.3.3 Transportation

      4. 5.3.4 Renewable Energy

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 UK

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 India

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Middle East & Africa

        2. 5.4.4.2 Latin America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Mitsubishi Electric Corp.

      2. 6.1.2 Infineon Technologies AG

      3. 6.1.3 Fuji Electric Co. Ltd

      4. 6.1.4 Fairchild Semiconductors (ON Semiconductor – Parent Company)

      5. 6.1.5 Semikron Elektronik GmbH & Co. KG

      6. 6.1.6 ROHM Co. Ltd

      7. 6.1.7 Vincotech GmbH

      8. 6.1.8 Future Electronics Inc.

      9. 6.1.9 ST Microelectronics NV

      10. 6.1.10 Powerex Inc.

      11. 6.1.11 ON Semiconductor Corporation

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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