The Intelligent Power Module Market: Growth and Projections for 2024-2032

Thu, 13 Mar 2025 06:13:30 +0000

The Intelligent Power Module (IPM) market, valued at USD 1.64 billion in 2023, is experiencing significant growth. With advancements in energy efficiency, a growing emphasis on energy conservation, and a surge in demand for electric and hybrid vehicles, the IPM market is expected to grow from USD 1.79 billion in 2024 to USD 3.33 billion by 2032. This growth represents a Compound Annual Growth Rate (CAGR) of 8.05% during the forecast period from 2024 to 2032.