IMARC Group’s report titled “Intelligent Power Module (IPM) Market Report by Voltage Rating (Upto 600V, 601V-1200V, More than 1200V), Current Rating (Upto 100A, 101A-600A, Above 600A), Circuit Configuration (6-PAC, 7-PAC, and Others), Power Device (IGBT, MOSFET), Application (Consumer Electronics, Servo Drives, Transportation, Renewable Energy, and Others), and Region 2025-2033”, The global intelligent power module market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.0 Billion by 2033, exhibiting a growth rate (CAGR) of 6.54% during 2025-2033.

Factors Affecting the Growth of the Intelligent Power Module (IPM) Industry:   

Growing Adoption of Electric Vehicles (EVs):

The demand for intelligent power modules (IPMs) is rising, mainly because more people are adopting electric vehicles (EVs). Governments worldwide are encouraging EVs by setting stricter emissions rules and offering incentives, which is leading carmakers to increase production. IPMs are important for EVs because they help improve energy efficiency, reduce energy waste, and manage heat better. These modules combine essential functions, like power conversion and motor control, into one unit, making EV designs simpler and saving space. As carmakers focus on improving the performance and battery life of EVs, the demand for better IPMs will grow. Additionally, new materials like silicon carbide (SiC) and gallium nitride (GaN) are making IPMs even more efficient and vital for future EVs.

Growth in Renewable Energy:

The demand for IPMs is also growing because more people are using renewable energy like solar and wind power. These energy sources need systems that can handle changing power levels. IPMs help improve the performance of inverters and converters, which connect renewable energy to the power grid. They also help ensure energy flows smoothly and stably. With more use of batteries and energy storage systems, IPMs are crucial for keeping everything running efficiently. As investments in renewable energy grow, the demand for IPMs in this sector will keep increasing.

Advancements in Industrial Automation:

The demand for IPMs is rising because of the growth in industrial automation. Factories want to improve efficiency and reduce costs, so they are using more automation technologies. IPMs are essential for equipment like motors, drives, and robots, as they help manage power and control machines accurately. The trend towards Industry 4.0—using smart technologies like the Internet of Things (IoT)—is increasing the need for reliable power solutions. As factories become more automated and connected, the need for IPMs will keep growing to support these changes.

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Leading Companies Operating in the Intelligent Power Module (IPM) Industry:

Fuji Electric Co. Ltd.
Future Electronics Inc.
Infineon Technologies AG
Mitsubishi Electric Corporation
ON Semiconductor Corporation
ROHM Co. Ltd
Sanken Electric Co. Ltd
SEMIKRON Elektronik GmbH & Co. KG
STMicroelectronics N.V.
Texas Instruments Incorporated.

Intelligent Power Module (IPM) Market Report Segmentation:  

By Voltage Rating: 

Upto 600V
601V-1200V
More than 1200V

By Current Rating:

Upto 100A
101A-600A
Above 600A

By Circuit Configuration:

6-PAC
7-PAC
Others

By Power Device:

IGBT
MOSFET

By Application:

Consumer Electronics
Servo Drives
Transportation
Renewable Energy
Others

Regional Insights:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Global Intelligent Power Module (IPM) Market Trends: 

The intelligent power module market is changing as industries move toward cleaner and smarter technologies. The rise of electric vehicles is a big driver, with IPMs playing a key role in improving vehicle performance and energy use. Similarly, as more renewable energy systems are adopted, the demand for IPMs increases because they help improve energy conversion and flow in solar, wind, and storage systems. The use of silicon carbide (SiC) and gallium nitride (GaN) materials is further improving IPM efficiency. Also, with the growth of industrial automation and smart factories, IPMs are becoming even more important in modern manufacturing. In 2024, continued progress in technology and sustainability will make sure IPMs stay central in the development of power electronics.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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