China Intelligent Power Module Market Size & Outlook
China intelligent power module market, 2018-2030 (US$M)
Related Markets
China intelligent power module market highlights
- The China intelligent power module market generated a revenue of USD 315.0 million in 2023 and is expected to reach USD 680.0 million by 2030.
- The China market is expected to grow at a CAGR of 11.6% 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 315.0 million |
| Market revenue in 2030 | USD 680.0 million |
| Growth rate | 11.6% (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, China accounted for 10.8% 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 Asia Pacific, China intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 341.3 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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China 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 79.17% in 2023. Horizon Databook has segmented the China intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
China has a robust manufacturing sector and a rapidly growing market for intelligent power modules (IPMs). In recent years, the government of China has been actively promoting technological innovation and investing heavily in research and development, fostering an environment conducive to the growth of the IPM market.
As a result, both domestic and foreign companies have been eager to capitalize on this thriving sector. China's strategic focus on renewable energy and electric vehicles further fuels the demand for IPMs, as these devices are essential components in energy-efficient systems and electric drivetrains.
Among several initiatives undertaken by the government of China, a key initiative is the "Made in China 2025" program, which aims to upgrade the country's manufacturing capabilities across various high-tech industries, including electronics and semiconductors.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into China intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China intelligent power module market size, by power device, 2018-2030 (US$M)
China Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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