Global Intelligent Power Module Market Size & Outlook

The intelligent power module industry worldwide is expected to reach a projected revenue of US$ 6,109.6 million by 2030. A compound annual growth rate of 11.2% is expected of the worldwide intelligent power module industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,910.2
Forecast, 2030 (US$M)
$6,109.6
CAGR, 2024 - 2030
11.2%
Report Coverage
Worldwide

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 2023USD 2,910.2 million
Market revenue in 2030USD 6,109.6 million
Growth rate11.2% (CAGR from 2023 to 2030)
Largest segmentIgbt
Fastest growing segmentIGBT
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationIGBT, 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 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)

Global intelligent power module market size, by regions, 2018-2030 (US$M)

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