Intelligent Power Module Market – How the Market Will Witness Substantial Growth in the Upcoming Years
The global Intelligent Power Module market is anticipated to grow at a steady rate and will post a CAGR of close to +8.4% during the forecast period. The increasing demand for modular power solutions in renewable energy applications will drive the growth prospects for the market during the forecast period. Intelligent Power Modules are used in wind converters and photovoltaic solar energy systems to convert clean energy sources into usable commercial power sources. IPMs have a high switching frequency that...
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