Global Smart Power Modules Market Report 2022-2027: Rising Adoption of GaN and SiC Materials in Automotive and Power Semiconductor Applications Fueling Expansion –

DUBLIN–(BUSINESS WIRE)–The “Global Smart Power Module Market by Rated Voltage (Up to 600V, 601-1200V, Above 1200V), Rated Current, Circuit Configuration (6-Pack, 7), Power Devices (IGBT, MOSFETs), Vertical and Region (North America, Europe, APAC, RoW) – Forecast to 2027 report has been added to from offer.

The global market for smart power modules is expected to grow from USD 1.8 billion in 2022 to USD 3 billion by 2027, growing at a CAGR of 10.7% from 2022 to 2027. Rising production needs of electricity from renewable sources, the focus of OEMs on providing new and efficient energy and power monitoring modules as well as the growing demand for IPMs in industry verticals. Industrial, automotive and consumer electronics are some of the major factors propelling the growth of the smart power module market.

Premium Previews

  • Increasing demand for smart power modules in consumer electronics and industrial verticals to drive market growth

  • Up to 600 V Segment to Hold Largest Market Share by 2027

  • IGBT Segment to Hold Larger Market Share in 2022

  • The industrial vertical will account for the largest market share from 2022 to 2027

  • China Smart Power Module Market to See Highest Growth During Forecast Period

Market dynamics


  • Growing focus of governments on electricity generation using renewable sources

  • Increase in global demand for electric vehicles

  • Growing need to improve system reliability and performance

  • Compact design and energy-efficient features of intelligent power modules (IPMs)


  • Slow adoption of new technologies and complex design of intelligent power modules (IPMs)


  • Growing Demand for Intelligent Power Modules (IPMs) in the Consumer Electronics Industry

  • Growing Adoption of GaN and SiC Materials in Automotive and Power Semiconductor Applications


  • Design and Operation Challenges of Next-Generation Intelligent Power Modules (IPMs)

  • Supply chain disruptions and semiconductor shortages due to COVID-19

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 Smart Power Module Market, By Rated Current

7 Smart Power Module Market, By Rated Voltage

8 Smart Power Module Market, By Circuit Configuration

9 Intelligent Power Module Market, By Power Device

10 Smart Power Module Market, By Vertical

11 Geographical analysis

12 Competitive Landscape

13 company profiles

14 Adjacent Market

Companies cited

  • Alpha and omega semiconductor

  • CissoID

  • Electric Fuji

  • Hangzhou Silan Microelectronics

  • Hirata Company

  • Infineon Technologies

  • Microsemi Corporation

  • Electric Mitsubishi

  • ON Semiconductor

  • Oztek Corporation

  • powerex

  • Renesas electronics

  • Rohm semiconductor

  • Rongtech Industry

  • electric sanken

  • Semikron

  • Sensitron semiconductor

  • sino microelectronics

  • Solitron devices

  • STMicroelectronics

  • Texas Instruments

  • Toshiba Electronic Devices & Storage Corporation

  • Vincotech-A Mitsubishi Electric Group Company

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