According to the MarketsandMarkets forecast, the intelligent power modules market, in terms of value, is expected to grow from USD 1.33 Billion in 2015 to USD 2.42 Billion by 2022, at a CAGR of 9.0% between 2016 and 2022. IPMs enable an overall improvement in the system reliability and performance.
The integration of the protection and drive circuitries directly into IPM enables the reduction in design and development efforts. This significantly improves the time to market period for new products. The compact design of intelligent power modules leads to the reduction in the number of components that must be purchased, stored, & assembled and helps in reducing the overall system size.
Browse 72 market data Tables and 73 Figures spread through 168 Pages and in-depth TOC on "Intelligent Power Module Market - Forecast to 2022"
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IGBT-based IPM market expected to grow at the highest CAGR during the forecast period
The market for IGBT-based intelligent power modules is expected to grow at the highest rate during the forecast period. IGBT-based IPMs combine the advantages of the low-loss high-speed IGBTs with protection and optimized gate drive circuitries.
These IPMs continuously monitor the power device current by using IGBT chips with advanced current sensing capabilities. The modules also provide under-voltage lockout protection and over-temperature protection.
Consumer vertical expected to hold the largest market share
The consumer vertical is expected to hold the largest share of the intelligent power module market by 2022. The increasing demand in the consumer electronics sector for increased energy efficiency is a major opportunity for the growth of intelligent power modules in the segment.
The market for the industrial vertical is expected to grow at a high rate between 2016 and 2022.

This report forecasts the market size and future growth potential of the intelligent power module market based on different segments voltage rating, current rating, circuit configuration, power device, vertical, and region.
The base year considered for the study is 2015 and the market size forecast is provided for the period between 2016 and 2022. The intelligent power module market is currently dominated by IGBT-based IPMs and the trend is expected to continue during forecast period.
Research Methodology:
The research methodology used to estimate and forecast the intelligent power module market began with capturing data on key vendor revenues through secondary research.
The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global intelligent power module market from the revenue of the key players in the market.
After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key industry people including CEOs, VPs, directors, and executives.
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The intelligent power module market has been broadly segmented on the basis of verticals into industrial and consumer. The applications in the industrial vertical include servo drives, transportation, UPSs, renewable energy, and others.
The increasing adoption of electric vehicles combined with the global drive toward the development of renewable energy sources is expected to drive the demand for IPMs in the industrial sector.
Based on the voltage rating, intelligent power modules are segmented in to three segments up to 600V, 1,200V, and above 1,200V. IPMs with a voltage rating of up to 600V held the largest share of the global intelligent power module market in 2015; the market for IPMs with a voltage rating above 1,200V is expected to grow at the highest rate during the forecast period. High-voltage IPMs are used in industrial applications such as traction and renewable energy.



The APAC region held the largest share of the IPM market in 2015 and is expected to witness highest growth during the forecast period. The major driving factors for the growth in the APAC region are the growing demand of consumer goods and increasing energy requirements in emerging economies such as China and India.


The slow adoption of new technologies and design-related challenges associated with SiC-based intelligent power modules act as restraints for the growth of this market. The adoption of new trends and technologies in intelligent power modules is important for the fast growth of the IPM market.
The key players in the intelligent power module marketare Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), Semikron (Germany), Infineon Technologies AG (Germany), and ON Semiconductor Corporation (U.S.). Mitsubishi Electric Corp. (Japan) possesses a strong portfolio of power modules under the electronic devices segment and holds a significant share of the IPM market. Fuji Electric Co., Ltd. (Japan) has a robust research and development team and it actively collaborates with external organizations to develop new technologies.


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