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Download Free sampleThe global Intelligent Power Module (IPM) market was valued at 2349.95 Million USD in 2021 and will grow with a CAGR of 6.53% from 2021 to 2027, based on Research newly published report.
The prime objective of Intelligent Power Module Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Intelligent Power Module Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Power modules consist of multiple discrete power semiconductor devices. Power module packages offer higher power density and are more reliable than discrete power semiconductors. Original equipment manufacturers will continue to demand modular power solutions, which can be integrated easily into different subsystems and used in many different devices, during the forecast period.The APAC region held the largest share of the IPM market in 2017 and is expected to witness highest growth during the forecast period. The major driving factors for the growth in the APAC region are the growing demand of consumer goods and increasing energy requirements in emerging economies such as China and India.
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