Research Nester assesses the growth and market size of global intelligent power switches market which is anticipated to be on account of the rising trend of miniaturization in electronic devices and urbanization.
New York – October 9, 2023 - Research Nester’s recent market research analysis on “Intelligent Power Switches Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global intelligent power switches market in terms of market segmentation by type, application, and by region.
Growing Use of Electric Vehicle to Promote Global Market Share of Intelligent Power Switches
The growing penetration of smart devices can be seen as a contributing factor to market growth. It was predicted that between 2023 and 2027, worldwide user penetration of the Smart Home Market would increase at a constant rate of 12.5 percentage points. The penetration rate of users is estimated to rise to 28.84 percent, a new peak for 2027 following four successive annual increases.
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In addition, for safety features like windscreen wipers, power seats and window lifters, intelligent power switches are also utilized in hydraulic valve control, commercial and agricultural vehicles, construction flap drivers, and safety relay replacement. For instance, STMicroelectronics introduced two intelligent power switches, the IPS160HF and IPS161HF, which are used in critical safety applications and have low-dissipative short-circuit protection in order to reduce power dissipation in the event of an output short.
Some of the major growth factors and challenges that are associated with the growth of the global intelligent power switches market are:
Growth Drivers:
• Surge in Global Electric Vehicle Market
• Rising Surge in Urbanization
Challenges:
For the intelligent power switches market to expand quickly, new trends and technologies must be incorporated. Although new technology and its advantages appeal to engineers, designing a control structure is difficult. As a result, the intelligent power switches market adopts new technologies at a relatively moderate rate, which would impede the technology's development. The companies in the intelligent power module market also put a lot of effort into combining many functions onto a single chip, which leads to complicated designs. Complex device design and integration call for specialized knowledge, a sound approach, and a variety of technologies. High cost and availability of substitutes are some of the major factors anticipated to hamper the global market size of intelligent power switches.
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By type, the global intelligent power switches market is segmented into high side switches and low side switches. The high side switches segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The expansion is anticipated as a result of rising demand for high side switch applications globally throughout the course of the projection period. These switches have also been used for a wide range of applications, including those in the construction, automotive, industrial, and commercial sectors. Passenger automobile sales as a whole increased from 30,69,523 to 38,90,114 units.
By region, the Europe intelligent power switches market is to generate the highest revenue by the end of 2036. The growth of the market is because to a greater emphasis on constructing energy-efficiently, stricter laws, and rising demand in the residential sector.

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This report also provides the existing competitive scenario of some of the key players of the global intelligent power switches market which includes company profiling of Fairchild Semiconductor International, Inc., Microchip Technology Inc., Infineon Technologies AG, SCHUKAT electric, STMicroelectronics, Texas Instruments Incorporated, TOREX SEMICONDUCTOR LTD., ON Semiconductor, and others.
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