#134 IPM Modules Market is Slated to Witness Tremendous Growth in Coming Years

The global IPM Modules market reached USD 3.0 billion in 2022 and is projected to reach USD 7.67 billion by 2032, with an expected annual revenue growth rate of 11% throughout the forecast period. Key drivers of this market expansion include increasing consumer demand for energy-efficient technology and a growing acceptance of renewable energy sources. The rapid industrialization of emerging economies is also contributing to the rising demand for IPM Modules. These modules find applications in various sectors, including consumer electronics, automotive, renewable energy systems, and industrial automation, among others. Moreover, stringent regulations and standards have been put in place in response to mounting concerns about carbon emissions and environmental pollution. This has led to heightened emphasis on energy efficiency across diverse industries. IPM Modules are well-suited for a wide range of applications due to their ability to provide energy efficiency, high power density, and improved thermal performance. The surging popularity of electric and hybrid vehicles is further bolstering the demand for these modules, as they play a crucial role in the power conversion and management systems of such vehicles. Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/7668 The need for IPM Modules within the power and energy sector is driven by the increasing focus on smart grid infrastructure and the demand for stable and efficient power supply. These modules are essential components in power electronics devices like inverters, converters, and motor drives, ensuring the reliable and efficient conversion of electricity. Additionally, their use extends to solar inverters and wind power converters, aligning with the rising demand for renewable energy sources such as solar and wind. Furthermore, the consumer electronics industry is witnessing a growing need for IPM Modules, primarily due to the proliferation of the Internet of Things (IoT) and smart home technologies. These modules play a crucial role in ensuring the reliable and energy-efficient operation of various applications in this sector, including air conditioners, refrigerators, washing machines, and other household appliances. Strategic Development: In 2021, Infineon Technologies AG announced a collaboration with Panasonic Corporation for the development of Gallium Nitride (GaN) devices for high-voltage applications. This collaboration aims to develop high-performance, reliable, and energy-efficient GaN-based power devices for various applications such as electric vehicles, data centers, and renewable energy systems. In 2020, Mitsubishi Electric Corporation acquired ICONICS, Inc., a U.S.-based software development company that specializes in automation and visualization software. This acquisition was aimed at expanding Mitsubishi Electric's software offerings for intelligent power module solutions. In 2020, STMicroelectronics NV announced the launch of a new generation of IPM Modules for motor control applications. These modules incorporate STMicroelectronics' advanced Silicon Carbide (SiC) MOSFET technology and feature high power density, low electromagnetic interference, and high efficiency. In 2019, Fuji Electric Co., Ltd. launched a new series of IPM Modules called "Super-J Series." These modules are designed for high-speed switching applications and feature low power loss, high reliability, and compact size. Competitive Landscape: Mitsubishi Electric Corporation Infineon Technologies AG Fuji Electric Co., Ltd. ON Semiconductor Corporation STMicroelectronics NV ROHM Co., Ltd. Texas Instruments Incorporated Semikron International GmbH Powerex Inc. Vincotech GmbH Sanken Electric Co., Ltd. The global market is further segmented into type and application: By Voltage Rating Outlook Up to 600V 1200V Above 1200V By Current Rating Outlook Up to 100A 100A-600A Above 600A By Power Device Outlook IGBT MOSFET Others By End-Use Outlook Industrial Consumer Electronics Automotive Renewable Energy Others Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region. North America (U.S., Canada, Mexico) Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Rest of APAC) Latin America (Brazil, Rest of LATAM) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) To request customization of this report @ https://www.reportsanddata.com/request-customization-form/7668 Thank you for reading our report. 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