The Asia Pacific Intelligent Power Module Market should witness market growth of 8.7% CAGR during the forecast period (2022-2028).
The companies concentrate on utility solar,solar power,consumer durables, and traction. In the long term, they will direct their best efforts toward designing electric vehicle traction and chargers. Together with the expansion of the mentioned sector, they are also contributing to the long-term expansion of the space for optical devices (OPTO) and high frequency (HF) and high voltage direct current (HVDC) industries. The utilization of intelligent power modules for industrial applications is one of the primary drivers driving the market. Many industries rely on electrolysis, electroplating, induction, illumination, welding, and heating. These procedures utilize intelligent power modules to ensure safe and effective electric power usage.
As populations in numerous emerging economies increase, so does the demand for consumer electronics goods. In addition to generating demand for intelligent power modules, this breakthrough has also led to their proliferation. This serves as a market-driving component over the anticipated time frame. This market is also driven by the increasing need for intelligent power modules due to the growing popularity of electric hybrid vehicles among the general public. The significant increase in renewable energy resources plays an additional role in market demand.
China's semiconductor industry is projected to expand due to the presence of key businesses and extensive output. As the demand for automotive IGBTs contracts, Chinese auto suppliers and original equipment manufacturers (OEMs) are required to produce intelligent power modules. In addition, due to the high demand for SiC MOSFET modules, a revolutionary material for EV power modules, China-based EV, manufacturers are also utilizing this technology. In light of these reasons, the APAC market is anticipated to expand.
The China market dominated the Asia Pacific Intelligent Power Module Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $311.2 million by 2028. The Japan market is estimated to grow a CAGR of 8% during (2022-2028). Additionally, The India market would experience a CAGR of 9.3% during (2022-2028).
Based on Voltage, the market is segmented into Up To 600V, 601V - 1,200V and Above 1,200V. Based on Circuit Configuration, the market is segmented into 6-Pack, Bridge, 7-Pack and Others. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Transportation, IT & Telecommunications and Others. Based on Current Rating, the market is segmented into Up to 100A, 101A to 600A and Above 600A. Based on Power Device, the market is segmented into Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG, Rohm Co., Ltd., STMicroelectronics N.V., Microchip Technology Incorporated, Texas Instruments, Inc., Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), Renesas Electronics Corporation and ON Semiconductor Corporation.
The companies concentrate on utility solar,solar power,consumer durables, and traction. In the long term, they will direct their best efforts toward designing electric vehicle traction and chargers. Together with the expansion of the mentioned sector, they are also contributing to the long-term expansion of the space for optical devices (OPTO) and high frequency (HF) and high voltage direct current (HVDC) industries. The utilization of intelligent power modules for industrial applications is one of the primary drivers driving the market. Many industries rely on electrolysis, electroplating, induction, illumination, welding, and heating. These procedures utilize intelligent power modules to ensure safe and effective electric power usage.
As populations in numerous emerging economies increase, so does the demand for consumer electronics goods. In addition to generating demand for intelligent power modules, this breakthrough has also led to their proliferation. This serves as a market-driving component over the anticipated time frame. This market is also driven by the increasing need for intelligent power modules due to the growing popularity of electric hybrid vehicles among the general public. The significant increase in renewable energy resources plays an additional role in market demand.
China's semiconductor industry is projected to expand due to the presence of key businesses and extensive output. As the demand for automotive IGBTs contracts, Chinese auto suppliers and original equipment manufacturers (OEMs) are required to produce intelligent power modules. In addition, due to the high demand for SiC MOSFET modules, a revolutionary material for EV power modules, China-based EV, manufacturers are also utilizing this technology. In light of these reasons, the APAC market is anticipated to expand.
The China market dominated the Asia Pacific Intelligent Power Module Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $311.2 million by 2028. The Japan market is estimated to grow a CAGR of 8% during (2022-2028). Additionally, The India market would experience a CAGR of 9.3% during (2022-2028).
Based on Voltage, the market is segmented into Up To 600V, 601V - 1,200V and Above 1,200V. Based on Circuit Configuration, the market is segmented into 6-Pack, Bridge, 7-Pack and Others. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Transportation, IT & Telecommunications and Others. Based on Current Rating, the market is segmented into Up to 100A, 101A to 600A and Above 600A. Based on Power Device, the market is segmented into Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG, Rohm Co., Ltd., STMicroelectronics N.V., Microchip Technology Incorporated, Texas Instruments, Inc., Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), Renesas Electronics Corporation and ON Semiconductor Corporation.
Scope of the Study
By Voltage
- Up To 600V
- 601V - 1,200V
- Above 1,200V
By Circuit Configuration
- 6-Pack
- Bridge
- 7-Pack
- Others
By Vertical
- Industrial
- Consumer Electronics
- Transportation
- IT & Telecommunications
- Others
By Current Rating
- Up to 100A
- 101A to 600A
- Above 600A
By Power Device
- Insulated-Gate Bipolar Transistor (IGBT)
- Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Mitsubishi Electric Corporation
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Rohm Co., Ltd.
- STMicroelectronics N.V.
- Microchip Technology Incorporated
- Texas Instruments, Inc.
- Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation)
- Renesas Electronics Corporation
- ON Semiconductor Corporation
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- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Intelligent Power Module Market by Voltage
Chapter 5. Asia Pacific Intelligent Power Module Market by Circuit Configuration
Chapter 6. Asia Pacific Intelligent Power Module Market by Vertical
Chapter 7. Asia Pacific Intelligent Power Module Market by Current Rating
Chapter 8. Asia Pacific Intelligent Power Module Market by Power Device
Chapter 9. Asia Pacific Intelligent Power Module Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Mitsubishi Electric Corporation
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Rohm Co., Ltd.
- STMicroelectronics N.V.
- Microchip Technology Incorporated
- Texas Instruments, Inc.
- Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation)
- Renesas Electronics Corporation
- ON Semiconductor Corporation
Methodology
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