Global Intelligent Power Module Market Size & Outlook
Global intelligent power module market, 2018-2030 (US$M)
Related Markets
Global intelligent power module market highlights
- The global intelligent power module market generated a revenue of USD 2,910.2 million in 2023 and is expected to reach USD 6,109.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.2% by 2030.
- In terms of segment, igbt accounted for a revenue of USD 2,255.2 million in 2023.
- IGBT is the most lucrative power device segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,910.2 million |
| Market revenue in 2030 | USD 6,109.6 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Igbt |
| Fastest growing segment | IGBT |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | IGBT, MOSFET |
Other key industry trends
- In terms of revenue, the North America accounted for 25.3% of the global intelligent power module market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 55.8 million by 2030.
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Intelligent Power Module Market Scope
Intelligent Power Module Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global intelligent power module market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intelligent power module market will help companies and investors design strategic landscapes.
Igbt was the largest segment with a revenue share of 77.49% in 2023. Horizon Databook has segmented the Global intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Intelligent Power Module Power Device Outlook (Revenue, USD Million, 2018-2030)
- IGBT
- MOSFET
- Global Intelligent Power Module Voltage Rating Outlook (Revenue, USD Million, 2018-2030)
- 0 V to 599 V
- 600 V to 1,199 V
- 1,200 V and above
- Global Intelligent Power Module Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Industrial
- Consumer Electronics
- Energy & Utility
- IT & Telecommunication
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global intelligent power module market , including forecasts for subscribers. This global databook contains high-level insights into Global intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global intelligent power module market size, by regions, 2018-2030 (US$M)
Top 10 countries: Intelligent power module market size, 2023 (US$M)
Global intelligent power module market share, by power device, 2023 & 2030 (%, US$M)
Intelligent power module market: Opportunity assessment by country
Global intelligent power module market, by region, 2023 (US$M)
| Power Device | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 531.8 | 524.8 | 519.6 | 617.2 | 690.2 | 737.5 | 793.2 | 859.0 | 937.5 | 1,032.6 | 1,149.5 | 1,296.3 | 1,484.4 | 10.5% |
| Europe | 451.0 | 448.7 | 447.8 | 536.2 | 604.4 | 651.0 | 705.8 | 770.5 | 847.7 | 941.2 | 1,056.2 | 1,200.7 | 1,385.9 | 11.4% |
| Asia Pacific | 750.1 | 750.8 | 753.8 | 908.0 | 1,029.6 | 1,115.7 | 1,216.9 | 1,336.5 | 1,479.1 | 1,651.9 | 1,865.1 | 2,132.8 | 2,476.6 | 12.1% |
| Latin America | 175.1 | 171.6 | 168.7 | 199.0 | 220.9 | 234.4 | 250.3 | 269.2 | 291.8 | 319.0 | 352.7 | 394.9 | 449.1 | 9.7% |
| MEA | 128.2 | 125.9 | 123.9 | 146.1 | 162.1 | 171.6 | 182.7 | 195.6 | 210.9 | 229.1 | 251.3 | 278.7 | 313.6 | 9.0% |
| Overall | 2,036.2 | 2,021.8 | 2,013.8 | 2,406.5 | 2,707.2 | 2,910.2 | 3,148.9 | 3,430.8 | 3,767.0 | 4,173.8 | 4,674.8 | 5,303.4 | 6,109.6 | 11.2% |
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