Asia Pacific Intelligent Power Module Market Size & Outlook
Asia Pacific intelligent power module market, 2018-2030 (US$M)
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Asia Pacific intelligent power module market highlights
- The Asia Pacific intelligent power module market generated a revenue of USD 1,115.7 million in 2023.
- The market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, igbt was the largest revenue generating power device in 2023.
- IGBT is the most lucrative power device segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,115.7 million |
| Market revenue in 2030 | USD 2,476.6 million |
| Growth rate | 12.1% (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 |
| Key market players worldwide | Mitsubishi Electric Corp, ON Semiconductor Corp, Infineon Technologies AG, Fuji Electric Co Ltd, STMicroelectronics NV, Ideal Power Inc, Alpha & Omega Semiconductor Ltd, Semikron International, Sensitron Semiconductor, CISSOID |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.3% of the global intelligent power module market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,476.6 million by 2030.
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Intelligent Power Module Market Scope
Intelligent Power Module Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 77.76% in 2023. Horizon Databook has segmented the Asia Pacific intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, the intelligent power module market in Asia Pacific has witnessed significant growth, driven by the region's increasing demand for energy-efficient solutions across various sectors, including automotive, industrial automation, and consumer electronics.
Countries such as Japan, South Korea, India, and China have emerged as leading contributors to this growth trajectory, boasting robust manufacturing capabilities and a strong focus on technological advancement.
For instance, Japan's automotive industry has been a pioneer in adopting intelligent power module technologies for electric and hybrid vehicles, driving demand for advanced power electronics solutions. Similarly, South Korea's semiconductor industry has played a pivotal role in developing cutting-edge intelligent power modules, leveraging its expertise in semiconductor manufacturing and design.
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Our clientele includes a mix of intelligent power module market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific intelligent power module market size, by country, 2018-2030 (US$M)
Asia Pacific Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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