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Europe Intelligent Power Module (IPM) for AWHP Market Trends

Report ID: GMI7035
Published Date: Oct 2023
Report Format: PDF

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Europe Intelligent Power Module for AWHP Market Trends

The integration of Internet of Things (IoT) and smart technologies in AWHP systems is a growing trend. IPMs are instrumental in controlling and monitoring these smart HVAC systems, enabling them to adjust their operations in real-time to optimize energy consumption and meet the changing user needs. This trend aligns with the broader move toward energy-efficient & environmentally conscious solutions in the European market. The push toward electrification in the context of reducing greenhouse gas emissions has increased the demand for heat pumps including AWHPs. IPMs play a critical role in ensuring that these heat pumps are energy-efficient.

In Europe, stringent energy efficiency regulations & standards have been driving the adoption of Intelligent Power Modules (IPMs) in AWHP systems. These regulations aim to reduce energy consumption and carbon emissions. IPMs enhance the efficiency of AWHPs by controlling the power conversion process, making it easier for these systems to meet the demanding efficiency criteria set by European authorities.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Europe intelligent power module (IPM) for AWHP industry size exceeded USD 55 million in 2022 and may record over 10% CAGR from 2023 to 2032 owing to the growing demand for energy-efficient solutions worldwide

The outdoor unit application segment held over 25% share of the Europe intelligent power module for AWHP industry in 2022 driven by the strong emphasis on reducing greenhouse gas emissions and promoting environmentally friendly technologies in the region

Italy garnered over 15% share of the intelligent power module for AWHP industry share in 2022 owing to the strong tradition of innovation and manufacturing in the energy and HVAC sectors

Some of the leading IPM for AWHP solution providers in Europe include ABB Ltd., Danfoss A/S, Infineon Technologies AG, Mitsubishi Electric Europe B.V., ONSemi, ROHM Semiconductor GmbH, and STMicroelectronics N.V.