![Global Intelligent Power Module Market](https://res.cloudinary.com/devmoveo/image/upload/v1688104782/skyquest/report/phpRzkAAQ.jpg)
Report ID: SQMIG45N2060
Report ID:
SQMIG45N2060 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
88 |
Figures:
76
Asia Pacific, with its robust industrial infrastructure and expanding manufacturing sector, commands a substantial share of the global IPM market. The region's dominance is fueled by the presence of key market players, technological innovations, and the rising adoption of IPMs in applications such as consumer electronics, automotive, and industrial automation. For instance, in Japan, a major player introduced a cutting-edge IPM solution for electric vehicle (EV) powertrains, capturing a significant market share. This advanced IPM offers improved power efficiency, compact design, and enhanced thermal management, catering to the growing demand for electric mobility solutions.
On the other hand, North America stands out as the fastest growing region in the IPM market. The region is witnessing accelerated adoption of IPMs, primarily driven by the increasing emphasis on energy-efficient solutions, renewable energy integration, and the electrification of transportation. A notable example is a leading company in the United States that introduced an intelligent power module for solar inverters. This IPM integrates advanced features such as advanced monitoring and control, high power density, and enhanced reliability, catering to the flourishing solar energy sector. With favorable government initiatives and growing investments in clean energy, North America is poised to experience significant market growth, capturing an expanding market share.
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Report ID: SQMIG45N2060