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What is the Global Intelligent Power Module (IPM) market size?

The global Intelligent Power Module (IPM) market is expected to reach a market size of USD 3.78 Billion by 2028 and register a CAGR of 11.7% during the forecast period. Rising awareness about renewable energy sources is one of the key driving factors of the market.

How intelligent power module market is growing?

Rise in per capita income of middle class population in the developing countries has caused a rise in demand for consumer electronics. This in turn drives the growth of global intelligent power module market. Based on the product type, the intelligent power module market is segmented as follows: up to 600V, 601 V – 1200 V and above 1200V.

How is the intelligent power module market segmented?

Based on the product type, the intelligent power module market is segmented as follows: up to 600V, 601 V – 1200 V and above 1200V. The up to 600V segment accounted for the largest revenue share in the intelligent power module market in 2020, and is expected to continue rising rapidly during the forecast period.

What are the key players in the intelligent power module market?

Key players in the intelligent power module market are expected to introduce new products that meet the requirements of the contemporary industrial sector. Leading industry participants are releasing updated versions of intelligent power modules, which are anticipated to be employed in a number of applications.