The article cited AMA's "Global Intelligent Power Modules Market Study" explored CAGR of 8.2%. According to the report, Increasing use of IPMs to Improve System Reliability and Performance is one of the primary growth factors for the market. Growing Focus of Worldwide Governments on Generating Power using Renewable Sources
is also expected to contribute significantly to the Intelligent Power Modules market. Overall, Consumer Electronics
applications of Intelligent Power Modules, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Consumer Electronics, is boosting the Intelligent Power Modules market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Voltage, such as Up To 600V, is boosting the Intelligent Power Modules market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Current Rating, such as Up To 100 A, is boosting the Intelligent Power Modules market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Circuit Configuration, such as 6 – PACK, is boosting the Intelligent Power Modules market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Intelligent Power Modules market identified that the demand is rising in many different parts of the world as "Increasing Demand for IPMs from Consumer Electronics Sector
". Furthermore, some recent industry insights like "In December 2020, Infineon Technologies AG has launched a 1200 V transfer molded silicon carbide (SiC) integrated power module (IPM) and concludes the massive roll-out of SiC solutions for this year. The CIPOS™ Maxi IPM IM828 series is the industry’s first in this voltage class. The series provides a compact inverter solution with an excellent thermal conduction and a wide range of switching speed for three-phase AC motors and permanent magnet motors in variable speed drive applications." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Intelligent Power Modules market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Intelligent Power Modules market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Intelligent Power Modules market size is calculated using market estimation process, the Intelligent Power Modules market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Intelligent Power Modules market size has been validated using both top-down and bottom-up approaches.