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Intelligent Power Module Market Size, Share, Demand and Competitive Analysis by 2023

The global Intelligent PowerModule (IPM) market is expected to experience considerable growth during the forecast period due to the increasing demand of compact system design, which helps in reducing the overall electronic system size. The compact design of intelligent power modules leads to reduction in number of components that must be purchased, stored and assembled.


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Based on voltage rating, intelligent power modules with a voltage rating of up to 600V hold the largest share of the global intelligent power module market. The IPMs with a voltage rating above 1,200V is expected to witness the fastest growth during the forecast period. The market for high-voltage IPMs is projected to grow due to their wide use in the industrial applications such as traction and renewable energy.

Based on vertical, consumer vertical is expected to be the largest market for IPMs during 2016-2022. The growth of IPMs in consumer vertical is due to an increasing demand of consumer electronics products and energy efficient systems. The IPMs market for the industrial vertical is expected to grow at a high rate during forecast period due to the increasing adoption of electric vehicles, combined with the global drive toward the development of renewable energy sources and energy efficient products.

Geographically, Asia Pacific is expected to be the largest market of intelligent power modules. The market in APAC is expected to grow due to its increasing demand in consumer goods, upcoming investment projects in manufacturing and demand of energy efficient systems, especially in Japan and other countries. Cost advantages and initiatives to boost domestic manufacturing by different countries such as India and China in this region are expected to provide further growth of IPMs.


The key players in the intelligent power module market are Fairchild Semiconductor International Inc., Fuji Electric Co. Ltd., Future Electronics Inc., Infineon Technologies AG, Mitsubishi Electric Corp., Powerex Inc., ON Semiconductor, ROHM Semiconductor, Sanken Electric Co. Ltd., Semikron and STMicroelectronics.

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