Intelligent Power Module Market is Anticipated to Witness High Growth Owing to Increasing Demand for Energy Efficient Electronics
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Intelligent Power Module Market The intelligent power module market offers solutions for controlling, monitoring, and protecting critical power electronics circuits in various end-use applications such as industrial motor drives, PV inverters, servo drives, UPS, and automotive. Intelligent power modules provide several advantages over conventional discrete solutions such as compact size, reduced component count, enhanced reliability, and ease of use. The growing need for energy efficient electronics and miniaturization of electronic components is driving the demand for intelligent power modules across industries. The Global intelligent power module market is estimated to be valued at US$ 4.53 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Intelligent Power Module are Avalanche Technology Inc., Fuji Electric Co., Ltd., Hitachi, Ltd., Infineon Technologies AG, Intelligent Power and Energy Rese