Canada Intelligent Power Module Market Size & Outlook
Canada intelligent power module market, 2018-2030 (US$M)
Related Markets
Canada intelligent power module market highlights
- The Canada intelligent power module market generated a revenue of USD 161.9 million in 2023 and is expected to reach USD 309.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.7% 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.
Intelligent power module market data book summary
| Market revenue in 2023 | USD 161.9 million |
| Market revenue in 2030 | USD 309.5 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Igbt |
| Fastest growing segment | IGBT |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 5.6% of the global intelligent power module market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,174.8 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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Canada 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 76.41% in 2023. Horizon Databook has segmented the Canada intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Canada, being a key player in North America, is propelled by advancements in industrial automation and the growing electric vehicle sector. The focus on energy efficiency and government incentives for green technologies have further catalyzed the adoption of intelligent power modules.
The regional market benefits from a strong manufacturing base, which is increasingly integrating intelligent power modules to enhance productivity and energy management. The rise of IoT and AI applications within the intelligent power module domain in the region is opening new avenues for innovation, making Canada an attractive hub for both domestic and international investors.
The government has initiated efforts to modernize the electrical infrastructure in Canada, with a focus on building a smart grid that incorporates intelligent power modules for better energy management.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into Canada intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada intelligent power module market size, by power device, 2018-2030 (US$M)
Canada Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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