Intelligent Power Module Market 2016-2020

Overview of the intelligent power module (IPM) market

The global IPM market is anticipated to grow at a steady rate and will post a CAGR of close to 9% during the forecast period. The increasing demand for modular power solutions in renewable energy applications will drive the growth prospects for the market during the forecast period. IPMs are used in wind converters and photovoltaic solar energy systems to convert clean energy sources into usable commercial power sources. IPMs have a high switching frequency that helps in the reduction of power consumption and heat dissipation to conserve energy. Also, they are used in the generation, transmission, and supply of power. IPMs are used in the manufacture of smaller integrated chip packages that help to conserve energy. Furthermore, this technology is extensively used in inductive heating cookers, high-frequency welding equipment, motor drives, uninterruptible power supplies, wind power generators, and solar power generators.

The increasing demand for electric and hybrid vehicles will drive the market’s growth in the forthcoming years. At present, vehicle manufacturers are focusing on reducing the cost, weight, and improving the performance of the vehicle. For this purpose, high-power thyristors are employed in EVs to manage the power of the vehicle. Moreover, with the increasing number of HEVs and EVs, the use of such high-power thyristors is increasing, which, in turn, contributes to the growth of the IPM market.

Competitive landscape and key vendors

The market is highly dominated by the top five vendors and is highly competitive. Also, the market is characterized by the presence of significant entry barriers in the form of capital requirements, which prevent new players from entering the market. Some of the key factors that increase the competition include rapid advancements in technology and the changing dynamics of the market. Moreover, the competitive environment in this market will intensify during the forecast period with increasing product extensions in terms of size and technological innovations.

Key vendors in this market are -

• Infineon Technologies
• Mitsubishi Electric
• Fuji Electric
• SEMIKRON
• ON Semiconductor

Other prominent vendors in the market include STMicroelectronics, Renesas Electronics, ROHM Semiconductor, Texas Instruments, Powerex, and Vincotech.

Segmentation by application and analysis of the IPM market

• Industrial
• Consumer

In 2015, the global IPM market was dominated by the industrial applications segment and will continue to occupy the maximum market share for the next few years. One of the factors leading to the market’s growth is the increasing need for the reduction of energy loss in industrial motor drives. Also, the growing use of IPMs in variable speed motor drives provides dynamic range control, which, in turn, helps to augment the productivity of motor drives.

Segmentation by geography and analysis of the IPM market

• Americas
• APAC
• EMEA

In 2015, the global IPM market was dominated by APAC, which accounted for the maximum market share and will continue its dominance during the forecast period. Some of the major drivers that fuel the growth prospects for the market are the growing demand for power and infrastructure and the growth of the economy.  Another major factor that drives the market’s growth is increasing urbanization in countries such as China and India.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global intelligent power module (IPM) market?
• What are the key market trends impacting the growth of the global intelligent power module (IPM) market?
• What are the challenges to market growth?
• Who are the key vendors in the global intelligent power module (IPM) market?
• What are the market opportunities and threats faced by the vendors in the global intelligent power module (IPM) market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global intelligent power module (IPM) market?

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