The Global Intelligent Power Module Market is slated to grow at 9.28% CAGR, witnessing substantial growth during the reivew period. The market was valued at a value of USD 1,854.1 million in 2017, and is poised to reach a significant valuation of USD 3,102.5 million by 2023.The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Regional Analysis
The geographical analysis of Intelligent Power Modules Market Covid 19 has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (LAtin America, the Middle East and Africa) Asia-Pacific is slated to dominate the intelligent power module market during the assessment period due to the presence of electronic component production industries and suppliers. The key players in the region consist of various tier 1 component maret players and foundries such as Panasonic Corporation, Taiwan Semiconductor, and Foxconn. The end users of the intelligent power modules are present in China, South Korea, Japan, Australia, and India. on the other hand, the users in other countries do not need IMPs in industrial as well as commercial applications. Therefore, the limited availability of end use industries in the rest of Asia-Pacific poses as a challenge for market growth over the review period. The rapid fluctuations in economic stability largely influences the sales and profits of in-house international companies.
Competitive Analysis
The major market players operating in the global market as identified by MRFR are ROHM Semiconductors (Japan), STMicroelectronics NV (Switzerland), Infineon Technologies (Germany), Mitsubishi Electric Corporation (Japan), Texas Instruments Incorporated (US), ON Semiconductor (US), Hon Hai Precision Industry Co., Ltd (Taiwan), Fuji Electric Co. Ltd (Japan), and Sanken Electric Co. Ltd (Japan).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/