#Intelligent Power Module (IPM) Market

[rainyducktiger]

Automotive Power Distribution Block Market Supply Chain Challenges and Future Strategies to 2033

The global automotive industry is undergoing a significant transformation, driven by advancements in technology, increasing environmental concerns, and evolving consumer preferences. Central to this evolution is the role of automotive power distribution blocks, which are pivotal in managing and distributing electrical power within vehicles. As vehicles become more electrified and incorporate advanced electronic systems, the demand for efficient power distribution solutions is on the rise. This article delves into the current trends and forecasts for the automotive power distribution block market up to 2032.

Market Overview

As of 2024, the automotive power distribution block market is valued at approximately USD 7.49 billion. Projections indicate that by 2032, this market is expected to reach USD 9.85 billion, reflecting a Compound Annual Growth Rate (CAGR) of 4.00% during the forecast period. This growth is primarily attributed to the increasing adoption of electric and hybrid vehicles, which necessitate sophisticated power distribution systems to manage their complex electrical architectures.

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Key Market Drivers

Electrification of Vehicles: The global shift towards electric vehicles (EVs) is a significant driver for the automotive power distribution block market. EVs require robust power distribution systems to handle high voltage and current levels, ensuring efficient and safe operation. The growing demand for EVs is directly influencing the need for advanced power distribution solutions.

Integration of Advanced Driver Assistance Systems (ADAS): Modern vehicles are increasingly equipped with ADAS features, such as lane departure warnings, adaptive cruise control, and automated parking. These systems rely heavily on electronic components, necessitating efficient power distribution to ensure reliability and performance.

Consumer Demand for Enhanced Connectivity: Today's consumers expect seamless connectivity in their vehicles, including infotainment systems, navigation, and internet access. This trend towards connected cars increases the complexity of electrical systems, thereby driving the demand for sophisticated power distribution blocks.

Stringent Safety and Emission Regulations: Governments worldwide are implementing stricter safety and emission standards. To comply, manufacturers are incorporating more electronic systems aimed at monitoring and reducing emissions, as well as enhancing vehicle safety. This escalation in electronic content necessitates efficient power distribution solutions.

Regional Market Insights

North America: This region holds a significant share of the automotive power distribution block market, attributed to its mature automotive industry and early adoption of advanced technologies. The presence of major automotive manufacturers and a strong focus on vehicle safety and efficiency contribute to the market's growth in this region.

Europe: Europe is witnessing substantial growth due to stringent environmental regulations and a strong push towards vehicle electrification. Countries like Germany, France, and the UK are leading in the adoption of EVs, thereby increasing the demand for advanced power distribution systems.

Asia-Pacific: This region is anticipated to experience the fastest growth, driven by rapid economic development, increasing vehicle production, and a growing consumer base. Countries such as China, Japan, and South Korea are investing heavily in EV technology, further propelling the market.

Technological Trends

Integration of Intelligent Power Modules (IPMs): The adoption of IPMs is on the rise, offering enhanced efficiency and reliability in power distribution. These modules integrate various functions, such as voltage regulation and fault detection, into a single unit, simplifying the electrical architecture of vehicles.

Development of Solid-State Relays: Traditional mechanical relays are being replaced by solid-state relays, which offer faster switching times and greater durability. This transition enhances the performance and longevity of power distribution systems.

Advancements in Thermal Management: With the increase in electronic components, effective thermal management has become crucial. Innovations in materials and design are being implemented to dissipate heat efficiently, ensuring the reliability of power distribution blocks.

Adoption of Standardized Communication Protocols: The use of standardized protocols, such as Controller Area Network (CAN), facilitates seamless communication between various electronic components, enhancing the overall efficiency of the power distribution system.

Challenges and Opportunities

Challenges:

Complexity in Electrical Architectures: As vehicles become more advanced, their electrical systems become increasingly complex, posing challenges in designing efficient power distribution networks.

Cost Constraints: Incorporating advanced power distribution systems can increase the overall cost of vehicles, which may be a concern for cost-sensitive markets.

Thermal Management Issues: Managing heat generated by high-power electronic components is a significant challenge that requires innovative solutions to ensure system reliability.

Opportunities:

Growth in Electric Vehicle Adoption: The global push towards EVs presents a substantial opportunity for the power distribution block market, as these vehicles require advanced electrical systems.

Aftermarket Services: As vehicles age, the demand for replacement and upgraded power distribution components presents a lucrative opportunity for aftermarket service providers.

Technological Innovations: Continuous advancements in materials and design offer opportunities to develop more efficient and compact power distribution solutions.

Impact of Electric Vehicle Growth on Power Grids

The rapid adoption of electric vehicles is expected to add between 100 to 185 terawatt-hours (TWh) to U.S. electricity demand by 2030. This surge necessitates enhancements in grid infrastructure and the development of smart charging solutions to manage increased loads effectively.

Conclusion

The automotive power distribution block market is poised for steady growth, driven by the electrification of vehicles, integration of advanced electronic systems, and evolving consumer demands. While challenges such as system complexity and cost constraints exist, the opportunities presented by technological advancements and the shift towards electric mobility are substantial. Manufacturers and stakeholders in the automotive industry must focus on innovation and adaptability to capitalize on these emerging trends

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[manasipawar]

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[robertemma27-blog]

Intelligent Power Module Market Growth Insights and Innovations 2024

The global intelligent power module market size is expected to grow from USD 1.8 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of 10.7%. The increasing usage of IPMs in industrial, consumer electronics and automotive verticals are the key factors boosting the growth of the market.

Rising requirements for power generation through renewable sources, focus of OEMs on providing novel and efficient energy and power monitoring modules as well as surging demand for IPMs in industrial, automotive and consumer electronics vertical are some of the major factors propelling the growth of intelligent power module market.

Mitsubishi Electric (Japan), ON Semiconductor(US), Infineon Technologies(Germany), Fuji Electric(Japan), and Semikron (Germany) are the top five players in the intelligent power module market globally.

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Industrial segment to account largest market share during the forecast period.

Industrial vertical of the intelligent power module market is expected to contribute to the largest market share during forecast period. Processes such as electroplating, electrolysis, welding, lighting, induction heating, and other industrial operations are equipped with power modules to use electric power efficiently and safely. The ease of manufacturing has also led to the availability of these devices in a vast range of ratings as well as in high voltage. IPMs control almost all motors employed in rolling, textile, and cement mills. Furthermore IPMs have applications in both solar and wind energy systems. Thus, the increasing number of renewable energy projects worldwide is expected to drive the growth of the intelligent power module market during the forecast period. IPMs are also used extensively in renewable energy generation facilities such as solar energy plants, wind energy plants, and tidal energy plants. The initiatives taken by governments across several countries to encourage the generation of renewable energy are also expected to drive the intelligent power module market.

Up to 100 A segment is projected to hold the largest share of the intelligent power module market for current rating during forecast year

The intelligent power module market for the up to 100 A segment accounted for the largest share of the overall market in 2021. An intelligent power module with a current rating of up to 100 A is majorly used in domestic consumer electronics such as air conditioners, washing machines, and dishwashers. As automation has become an integral part of day-to-day life, the demand for consumer electronics equipped with intelligent power modules having up to 100 A current ratings is rising significantly, which, in turn, is expected to fuel the growth of this segment.

IGBT segment is projected to hold the largest share of the intelligent power module market for power devices during forecast year

The IGBT segment is expected to hold a larger share of the intelligent power module market during the forecast period due to its growing usage in consumer and low-power industrial applications. The rising demand for new and improved technologies in the industrial vertical of emerging economies such as South Korea and India is expected to fuel the adoption of IGBT-based IPMs in the coming years

China to account for a significant market share of Asia Pacific from 2022 to 2027

China is projected to account for the major share of the intelligent power module market in Asia Pacific from 2022 to 2027. The country is a key manufacturer of electronic devices. The country is also know for low cost automotive product manufacturing. It is the most significant economy in the region. Factors such as ongoing industrialization, the rising requirement for replacing aging renewable plants and energy sources, and increasing adoption of novel and efficient power modules by manufacturing firms in automotive, electronics, industrial and other applications is pushing the growth of the intelligent power module market in China.

[rohitpalan]

Market Mastery: Intelligent Power Module Market Trends and Predictions

The market for intelligent power modules is expected to be worth US$ 1,603.7 million in 2023 and US$ 4,907.3 in 2033. Initial market CAGR for demand for intelligent power modules was 9.7% from 2018 and 2022. is anticipated to be valued US$ 1,603.7 million in 2023 and US$ 4,907.3 million by 2033. The market’s CAGR between 2018 and 2022 for intelligent power modules was initially rising at a rate of 9.7%.

Demand Drivers and Applications:

Due to high power efficiency and low power consumption, the demand for intelligent power modules is well-suited for consumer electronics, smart grids, and other systems. The great advantage of SiC is its enormously improved efficiency. In addition to being quickly adopted in energy-focused industries, like electric cars, SiC also improves the efficiency of electronics across industries and helps the world’s carbon footprint. This impacts the global growth of the market.

New trends and technologies much be incorporated for the intelligent power module sector to expand quickly. Although new technology and its advantages appeal to engineers, creating a control structure is difficult. As a result, the IPM market adopts new technologies at a relatively moderate rate, likely to impede the technology’s development.

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Key Takeaways from Intelligent Power Module Market Research Study :

By 2033, the Intelligent Power Module Market in the United Kingdom is likely to expand, with a CAGR of 23.8%.

In 2022, the United States accounted for 19.2% of the intelligent power module sector.

The intelligent power module market was significantly expanding, with a size of US$ 1,455.3 million in 2022.

By 2033, China’s intelligent power module market will likely expand, with a CAGR of 20.8%.

In 2022, Germany expanded significantly in the intelligent power module business, with an expected share of 7.6%.

By 2033, India is projected to expand significantly in the intelligent power module market, with a share of 25.2%.

In 2022, Australia developed significantly in the intelligent power module business, with an expected share of 3.1%.

Japan’s intelligent power module industry share developed significantly, with a 5.4% share in 2022.

In 2022, the IGBT segment led the market with a significant share and is likely to hold a top spot in the market in terms of type.

Based on the application, the consumer electronics market dominated the industry in 2022.

Top 10 Players in Intelligent Power Modules and their winning Strategies:

Leading companies are releasing updated versions of intelligent power modules; these modules are anticipated to be employed in several applications. Manufacturers are concentrating on crucial strategies to update the system to get a competitive advantage in the market.

Mitsubishi Electric Corp.

Infineon Technologies AG

Semikron Elektronik GmbH & Co. KG

Fuji Electric Co. Ltd

Future Electronics Inc.

Vincotech GmbH

ROHM Co. Ltd

STMicroelectronics NV

Powerex Inc

Fairchild Semiconductors (ON Semiconductor)

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Recent Developments in Intelligent Power Module Industry:

Magnachip introduced a new MOSFET 40V version in April 2022 that is vital to vehicle safety and has AEC-Q101 certification. It has many applications, including BLDC applications for electric oil pumps, power steering, engine cooling fans, and battery cooling fans.

Infineon Technologies significantly increased its manufacturing capacity for wide bandgap (SiC and GaN) semiconductors in February 2022, bolstering its position as the industry leader in power semiconductors.

The business is spending over US$ 2 billion to construct a third module at its Malaysian facility in Kulim.

If completely outfitted, the new module brings in an additional US$ 2 billion in annual income from silicon carbide and gallium nitride items.

Mitsubishi Electric Corp. presented its newest ultra-compact intelligent power module (IPM), branded as DIPIPMTM Ver.7, in August 2019. This module’s characteristics include less radiation noise, low power consumption, and more flexible heat dissipation.

Intelligent Power Module Market Segmentation:

By Type:

IGBT

MOSFET

By Application:

Consumer Electronics

Servo Drives

Transportation

Renewable Energy

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East & Africa (MEA)

[iamaraja]

Market Research Future published a research report on "Intelligent Power Module Market Research Report- Forecast to 2027" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

[cmireports]

https://www.custommarketinsights.com/report/intelligent-power-module-ipm-market/

[marketfuturereports]

Intelligent Power Module (IPM) Market Outlook and Forecast Analysis by Types to 2023

16th January 2020 – Global Intelligent Power Module (IPM) Market is anticipated to witness an exponential growth in the forecast period. Factors such as increasing demand for consumer goods and energy in developing economies, growing saturation of high voltage direct current, growing demand for hybrid and electric vehicles, and technological advancements are likely to drive the market in the forthcoming period. On the other hand, grid faults in the power semiconductor devices and decrease in the size of the IGBT modules are anticipated to hinder market growth in the future.

The IPM market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Intelligent power modules (IPM) market is segmented by voltage rating, current rating, circuit configuration, power device, application, vertical and geography. The market is segmented by voltage rating as 1200V, Up to 600V and above 1200V.

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Based on current rating, the market is segmented as 101A–600A, Up to 100A and above 600A. The key applications are segmented in the market include Renewable Energy, Consumer Electronics, Transportation, and Servo Drives. The market is segmented based on circuit configuration as 7-PAC, 6-PAC and Others.

The market is segmented based on power device as MOSFET-Based IPM and IGBT-Based IPM. The IGBT-based IPM segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.

The intelligent power modules market is segmented based on vertical as Industrial (UPS, Servo Drive, Transportation, Renewable Energy, and Others), and Consumer (Washing Machine, Refrigerator, Air Conditioner, and Others). The consumer segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include increasing demand in the consumer electronics segment for increased energy efficiency.

Leading players of Intelligent Power Module (IPM) including:

• Infineon Technologies

• Mitsubishi Electric

• Fuji Electric

• Semikron

• ON Semiconductor

• STMicroelectronics

• Renesas Electronics Corporation

• ROHM Semiconductor

• Texas Instruments

• Powerex

• Vincotech

• Sanken Electric Co. Ltd

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Table of Contents

1 Market Overview

2 Industrial Chain Analysis

3 Global Intelligent Power Modules (IPM) Players Profiles and Sales Data

4 Global Intelligent Power Modules (IPM) Market Competition by Manufacturers

5 Global Intelligent Power Modules (IPM) Market Analysis by Regions

6 North America Intelligent Power Modules (IPM) by Countries

7 Europe Intelligent Power Modules (IPM) by Countries

8 Asia-Pacific Intelligent Power Modules (IPM) by Countries

9 South America Intelligent Power Modules (IPM) by Countries

10 Middle East and Africa Intelligent Power Modules (IPM) by Countries

11 Global Intelligent Power Modules (IPM) Market Segment by Type

12 Global Intelligent Power Modules (IPM) by Application

13 Global Intelligent Power Modules (IPM) Market Forecast (2018-2023)

14 Sales Channel, Distributors, Traders and Dealers

15 Research Findings and Conclusion

16 Appendix