Published On : 14 Aug 2018
Humanity is power driven in almost every aspect of life. However, the resources are not in expansive abundance, which raises a need for greater efficiencies in terms of consumption. This has led to the development of intelligent power module (IPM), which are integrated modules including power supply bus types, passive components, and others. In the recent past, power semiconductor devices have improved radically, improving power conservation efficiencies for a vast range of power electronic fields such as motion controls, motor drivers, renewable energy power conditioning systems (PCS), uninterrupted power supply (UPS), and robotics.
Improved Power Infrastructure across Emerging Economies Stroking Demand
According to a recent business intelligence publication from QYResearchReports, the demand in the global IPM market will be multiplying at a highly profitable compound annual growth rate (CAGR) during the forecast period of 2018 to 2025. Some of the key factors anticipated to augment the demand in the global intelligent power module market are high growth potential of the products in the emerging field of electric cars, enhancement of power infrastructure across emerging economies, radically incremented emphasis on harnessing the concept of renewable energy, and increasing reliability through enhanced level of monitoring.
The analyst of the report has also highlighted the prosperity of the electronics industry to pave new application demands for IPM in the near future. On the other hand, slowness in the adoption of new technologies, challenges pertaining to the complexities of designing, and technical hurdles pertaining to new generations of IPM are somewhat curtailing the market’s prosperity.
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Based on power device, the market for intelligent power module can be segmented into IGBT-based IPM and MOSFET-based IPM. Among these, the former is currently showcasing much greater demand potential than the latter. IGBT-based IPM offer a combination of benefits such as lower loss and higher speed along with protection and optimization gateways during the circuitries. Moreover, these chips are able to consistently monitor the power consumption as well as provides protection from under-voltage lockout and excessive temperatures.
Geographically, emerging economy of China is anticipated to maintain Asia Pacific as the region with most prominent demand potential. The most populous country in the world has tremendous market for consumer goods and energy requirements are mountainous. The country has emerged as the industrial manufacturing hub in recent times and cost advantages are expected to continue boosting the demand in the near future.
Fuji Electric Co., Ltd. (Japan), Mitsubishi Electric Corp. (Japan), Infineon Technologies AG (Germany), Semikron (Germany), and ON Semiconductor Corporation (U.S.) are some of the key companies operating in the intelligent power module market. The name of the game in this field is innovation as well as geographical expansion.
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