Intelligent Power Devices Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 15.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Intelligent Power Devices (IPD) market experienced notable growth from 2018 to 2022. With the ever-evolving demand for energy-efficient solutions across various industries, IPDs emerged as a critical component in optimizing power systems. These devices, which integrate power semiconductors, control circuits, and protection features, were primarily adopted in sectors like automotive, consumer electronics, industrial automation, and renewable energy systems. The rise in electric vehicles (EVs), coupled with advancements in solar power technology, further boosted the need for intelligent power devices. In 2022 alone, the market was valued at billions of dollars, with the automotive industry leading the charge due to increased EV production and battery management needs.
However, from 2023 to 2033, demand for Intelligent Power Devices is expected to escalate rapidly, as industries seek to meet global sustainability goals and drive digital transformation. As the push for renewable energy accelerates, power grids, electric vehicles, and industrial machinery increasingly rely on advanced IPDs to manage power distribution efficiently. Growth in the electric vehicle sector will continue to be a major factor, with advancements in charging infrastructure and autonomous driving technologies driving up demand. According to experts, the automotive segment alone is projected to account for over 40% of the total market share in the next decade. Moreover, industrial automation is another key segment where IPDs will play a crucial role in enhancing power conversion efficiency and controlling power systems in real-time.
As governments worldwide invest heavily in the green energy transition, particularly in electric mobility and solar power generation, the IPD market will benefit from these initiatives. The integration of IoT (Internet of Things) and AI (Artificial Intelligence) technologies into power systems is also expected to further increase the sophistication and demand for intelligent power devices. These devices will allow for smarter grid management, predictive maintenance, and more reliable energy systems, making them indispensable for future power solutions.
Get an In-Depth Research Analysis of the Global Intelligent Power Devices Market Size And Forecast [2025-2032]
TOSHIBA
Panasonic
RICOH Electronic Devices
International Rectifier
STMicroelectronics
Infineon Technologies
Freescale Semiconductor
Texas Instruments Incrporated
ROHM Semiconductor
Fuji Electric
SCHUKAT Electronic
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 Devices 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 Devices Market
Automotive
Industrial
Commercial
Construction Application
Based on Types the Market is categorized into Below types that held the largest Intelligent Power Devices market share In 2023.
Intelligent Power Switches
MOSFET Drivers
Thermal FETs
Motor Drivers
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 Devices Market Research Analysis
1. Introduction of the Global Intelligent Power Devices 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 Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Intelligent Power Devices Market, By Type
6. Global Intelligent Power Devices Market, By Application
7. Global Intelligent Power Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Intelligent Power Devices 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/