Europe Intelligent Power Module Market Size & Outlook
Europe intelligent power module market, 2018-2030 (US$M)
Related Markets
Europe intelligent power module market highlights
- The Europe intelligent power module market generated a revenue of USD 651.0 million in 2023.
- The market is expected to grow at a CAGR of 11.4% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 651.0 million |
| Market revenue in 2030 | USD 1,385.9 million |
| Growth rate | 11.4% (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, Europe region accounted for 22.4% 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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Europe 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 77.14% in 2023. Horizon Databook has segmented the Europe intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is characterized by a developed technology infrastructure, especially in Western European countries. This is positively impacting the adoption of industrial automation. Moreover, high industrial activity in the region is driving the growth of the intelligent power module market in the region.
According to Eurostat, the European Union (EU)’s industrial production grew by 8% from 2020 to 2021. Similarly, it witnessed an upward trend in 2022, growing by 5% from 2021. Intelligent power modules are widely demanded in the industrial sector for use in compressors and pumps.
Moreover, government initiatives to promote energy efficiency and accelerate the adoption of renewable energy are driving the market growth as intelligent power modules are used in renewable energy systems.
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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 Europe intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into Europe intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe intelligent power module market size, by country, 2018-2030 (US$M)
Europe Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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