Intelligent Power Modules(IPMs) Market was valued at USD 3.5 Billion in 2212 and is projected to reach USD 6.1 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
As we move into 2023 and beyond, the demand for Intelligent Power Modules (IPMs) is expected to accelerate due to several key trends. One major driver is the ongoing push toward sustainable energy solutions, which is fostering the adoption of electric vehicles, solar inverters, and smart grids. This increased demand for energy-efficient solutions in the transportation and power generation sectors is expected to lead to a surge in IPM adoption. Additionally, advancements in 5G technology, Internet of Things (IoT), and automation are anticipated to further expand the use of IPMs across various industries. The global shift toward digitalization and smart systems will require more efficient power management, which IPMs are well-positioned to support.
The market is also being influenced by the growing trend toward miniaturization and the demand for more compact and powerful systems. Manufacturers are increasingly focusing on reducing the size and enhancing the performance of IPMs to meet the needs of modern electronic devices, such as electric vehicles and portable electronics. The increasing integration of artificial intelligence (AI) and machine learning algorithms into power control systems is likely to boost the adoption of next-generation IPMs with enhanced capabilities. Furthermore, the rise in government policies and regulations aimed at reducing carbon footprints and encouraging clean energy is expected to continue driving market growth. With a continued push for cleaner, more sustainable energy solutions, IPMs are poised to play a crucial role in achieving global energy goals.
Get an In-Depth Research Analysis of the Global Intelligent Power Modules(IPMs) Market Size And Forecast [2025-2032]
The Intelligent Power Modules (IPMs) market has shown significant growth from 2018 to 2212, driven by increasing demand for energy-efficient solutions in various industrial applications, including automotive, renewable energy, and consumer electronics. IPMs, which integrate various power semiconductors and control circuits in a single package, have gained widespread adoption for their compact design, reliability, and cost-effectiveness. The period from 2018 to 2212 saw substantial investments in IPM technology, with advancements in power density and thermal performance that enabled industries to meet growing energy demands while reducing operational costs. During this period, the market was largely driven by the growing popularity of electric vehicles (EVs), renewable energy systems, and industrial automation processes that demanded efficient power control solutions. The automotive sector, in particular, became one of the largest consumers of IPMs, as electric and hybrid vehicles increasingly relied on these components for managing power conversion and distribution.
Â
Infineon Technologies
Mitsubishi Electric
Fuji Electric
SEMIKRON
ON Semiconductor
STMicroelectronics
Renesas Electronics Corporation
ROHM Semiconductor
Texas Instruments
Powerex
Inctech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Intelligent Power Modules(IPMs) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Intelligent Power Modules(IPMs) Market
Consumer Electronics
Servo Drives
UPS
Renewable Energy Generation
Others (Transportation)
Based on Types the Market is categorized into Below types that held the largest Intelligent Power Modules(IPMs) market share In 2023.
Insulated Gate-Bipolar Transistor (IGBT)
MOSFET
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Intelligent Power Modules(IPMs) Market Research Analysis
1. Introduction of the Global Intelligent Power Modules(IPMs) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Intelligent Power Modules(IPMs) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Intelligent Power Modules(IPMs) Market, By Type
6. Global Intelligent Power Modules(IPMs) Market, By Application
7. Global Intelligent Power Modules(IPMs) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Intelligent Power Modules(IPMs) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/