Intelligent Power Device Market Outlook – 2027 

Intelligent power devices are built-in peripheral and protection functions and support system reliability improvement and unit downsizing. This device can support several automotive system requirements that includes thermal FETs, MOSFET drivers, intelligent power switches, and a motor driver. Intelligent power devices are used in electronic devices of various different industries including automotive, telecommunication, and electronic industries to control voltage and current. 

Intelligent power devices also reduce power consumption by driving large current load on low resistance. Intelligent power devices have a primary function of power distribution and protecting devices from fluctuations in current and high voltages. The global intelligent power device market is experiencing a significant growth, and is expected to grow considerably in next few years. 

The global intelligent power device market is segmented on the basis of voltage rating, current rating, circuit configuration, power device, application, and region. Based on voltage rating, the intelligent power device market is divided into up to 600 V, 600 V–1200 V, and above 1200 V. In terms of current rating, the market is categorized into up to 100A, 101–600A, and more than 600A. 

On the basis of circuit configuration, the market is divided into 6-pack, 7-pack, phase bridge, and dual. In terms of power device, the market is segregated into IGBT, MOSFET, and others. On the basis of application, the market is renewable energy, air conditioner, transportation, washing machine, servo drives, refrigerators, UPS, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global intelligent power device industry include STMicroelectronics N.V., Sanken Electric Co. Ltd., Future Electronics Inc., ON Semiconductor Corporation, Mitsubishi Electric Corp., Fuji Electric Co. Ltd., Panasonic Corporation, Intel Corporation, Samsung Electronics, and Texas Instruments. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors

High voltage fluctuation controls, coupled with better performance in air conditioners, refrigerators, and washing machines create lucrative opportunities for the market. Intelligent power devices specially used in various industries including automotive, telecommunication, and consumer electronic. 

Intelligent power devices control current flow while igniting or turning on any vehicle. Although, numerous companies are developing innovative, intelligent power devices to provide better safety in every other smart appliance, bringing about an increase in demand for intelligent power device in past few years.

Asia-Pacific Region Anticipated to Gain a Substantial Market Share 

Rise in demand for consumer goods and increase in energy requirements in emerging economies such as China and India are major drivers for growth in Asia-Pacific. Asia-Pacific has emerged as a powerful manufacturing hub with the region's leading consumer goods manufacturers growing manufacturing activities. Cost advantages and initiatives by various countries in the region to boost domestic manufacturing are expected to provide additional impetus to intelligent power device production.

IGBT-Based Intelligent Power Device Market Expected to Rise at the Highest CAGR

IGBT-based market is expected to grow at the highest rate, during the forecast period, owing to advantages of IGBTs with low-loss high-speed security and optimized gate drive circuits. These devices track the current of the power system continuously through the use of IGBT chips with advanced current sensing capabilities.

Key Benefits of the Report

• This study presents the analytical depiction of the global intelligent power device market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global intelligent power device market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global intelligent power device market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global intelligent power device market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

COVID-19 Scenario Analysis 

• Global market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to a significant decline in demand for these systems.
• Global factories have struggled to integrate new intelligent power devices as workers have stayed in their homes, which has disrupted the global supply chains.
• The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for these embedded systems are gradually going to increase. 

Intelligent Power Device Market Key Segments

Questions Answered in the Intelligent Power Device Market Research Report

• Who are the leading market players active in the intelligent power device market?
• What would be the detailed impact of COVID-19 on the intelligent power device market size?
• How current intelligent power device market trends would influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities in the global market?
• What are the projections for the future that would help in taking further strategic steps?