The intelligent power module market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The intelligent power module market is forecast to witness significant growth over the coming time period owing to the rising product adoption across a range of applications such as in electric motor drives for aircraft or in power converters. Rising consumer inclination towards the adoption of electric vehicles will further accelerate the market growth in the years to come. 

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Rapid integration of IPMs in solar power plants and photovoltaic systems could enhance the market scenario across the renewable energy sector. Back in 2019, the green energy application segment had controlled more than 15% of the entire market share and is anticipated to maintain a CAGR of more than 8% within the predicted timeframe.

Favorable federal initiatives and funding to enhance the use of renewable energy resources might propel product demand. Major agencies like the U.S. Department of Energy (DoE) are setting up ambitious goals to shift 20% of the nation’s electricity supply wind energy by 2030.

This has compelled several manufacturers to introduce new and efficient modules for improved performance. Taking November 2020 for instance, Trina Solar launched its latest series of high-efficiency PV modules, the Vertex S, for commercial and residential rooftop applications. Such developments could massively benefit the intelligent power module market outlook.

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On the geographical front, the Europe intelligent power module market held a market share of nearly 20% in 2019 and is slated to grow at a CAGR of around 7% over the forthcoming time period. The regional growth is mainly ascribed to the presence of a well-established EV (electric vehicle) charging station network in Europe. These EV charging stations and battery-power establishments have a huge demand for IPMs owing to their superior features like conversion of DC/DC for decreasing power losses, precise sensing of power outputs, and fast charging. Thus, the rising penetration of electric vehicle charging stations across Europe is anticipated to drive the market growth over the coming years.  

Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, STMicroelectronics N.V., Infineon Technologies AG, and ON Semiconductor Corporation among many others are some of the key players operating in the market.

Major Key Points from Table of Content:

Chapter 5.   Intelligent Power Module Market, By Voltage Rating

5.1.  Key trends, by voltage rating

5.2.  Up to 600 V

5.2.1. Market estimates and forecast, 2016 - 2026

5.3.  1,200 V

5.3.1. Market estimates and forecast, 2016 - 2026

5.4.  Above 1,200 V

5.4.1. Market estimates and forecast, 2016 - 2026

Chapter 6.   Intelligent Power Module Market, By Current Rating

6.1.  Key trends, by current rating

6.2.  Up to 20 A

6.2.1. Market estimates and forecast, 2016 - 2026

6.3.  20 A- 100 A

6.3.1. Market estimates and forecast, 2016 - 2026

6.4.  >100 A

6.4.1. Market estimates and forecast, 2016 - 2026

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