North America Intelligent Power Module Market to grow at 8% CAGR from 2020 to 2026: Graphical Research North America Intelligent Power Module Market Size is estimated to reach USD 900 Million By 2026. The North America intelligent power module market is gaining traction will grow due to increasing adoption of smart home appliances in the region. Intelligent power modules up to 10A current rating are embedded into hydronic pumps, drain pumps, and compressor control systems of home appliances including refrigerators, washing machines, and air conditioners, among others. These devices offer high-performance and energy efficiency, fueling market growth. In January 2020, Samsung US expanded its product portfolio in the kitchen and bath industry by launching Family Hub refrigerator offering intelligent control. The new device consumes less power and will accelerate the market growth of intelligent power module in home appliances. The Insulated-Gate Bipolar Transistor (IGBT) power device segment holds majority of the North America intelligent power module market share of over 70% in 2019 and is anticipated to grow at a CAGR of 8% from 2020 to 2026. The growth is attributed to the growing demand for industrial automation, motor control used in home appliances and on-board charging of automotive in the region. IGBT IPMs are also used for supplying uninterrupted power and in renewable energy systems and inverters. Simple gate drive circuitry, low switching speeds (<50 kHz), and reduced losses with high voltage and current are the factors fueling the growth of the IGBT IPM market. Several existing players are focusing on strategic acquisition for expanding their product offerings. For instance, in March 2018, Microchip acquired Microsemi Corporation for extending its product portfolio of power electronics including IGBT IPM category. Such activities in the U.S. will increase the adoption of IGBT intelligent power modules in industrial devices.
Canada accounted for over 15% market share in 2019 and will grow at a CAGR of 5% from 2020 to 2026 in the North America intelligent power module market. The adoption of electric vehicles and battery-operated vehicles in the country will augment the EV charging stations and battery-powered establishments embedded with IPM, accelerating the market growth. Lower vehicle prices, increased driving range, and faster charging times are bolstering the population to buy Electric Vehicles, accelerating the sales in the region. For instance, in May 2019, to mark Earth Day, the Federal Government of Canada introduced a new iZEV program, which offers incentives to buyers of zero-emission electric vehicles in British Columbia and Quebec anticipated to fuel the industry growth.
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Key players in the North America intelligent power module market are extensively focusing on strategic acquisitions and new product innovations to provide technically-advanced products and stay competitive in the market. Some of the key local players in the market are Future Electronics, Sensitron Semiconductor, Arrow Electronics Inc., ON Semiconductor Corporations, and Powerex. In January 2018, Arrow Electronics Inc. acquired elnfochips headquartered in the U.S.. This acquisition will enhance the company’s product portfolio as elnfochips develops and designs managed services embedded with IPM. Browse key industry insights from this 2020 report North America Intelligent Power Module Market in detail along with the table of contents at: http://bit.ly/3pj8xO9
Segmentation of North America Intelligent Power Module Market:
North America Intelligent Power Module Market, By Voltage Rating o o o
Up to 600 V 1200 V Above 1200 V
Intelligent Power Module Market, By Current Rating o o o
Up to 20 A 20 A–100 A > 100 A
North America Intelligent Power Module Market, By Power Devices o o
Insulated-Gate Bipolar Transistor (IGBT) Metal Oxide Semiconductor Field Effect Transistor (MOSFET)
North America Market, By Application o o o o
Consumer Electronics Industrial Renewable Energy Automotive
The above information has been provided for the following countries: • • •
North America U.S. Canada
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About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us:
Parikhit B. Corporate sales, Graphical Research Email: sales@graphicalresearh.com Web: https://www.graphicalresearch.com/
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