Germany Intelligent Power Module Market Size & Outlook
Germany intelligent power module market, 2018-2030 (US$M)
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Germany intelligent power module market highlights
- The Germany intelligent power module market generated a revenue of USD 186.1 million in 2023 and is expected to reach USD 410.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 12% 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 186.1 million |
| Market revenue in 2030 | USD 410.3 million |
| Growth rate | 12% (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, Germany accounted for 6.4% 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 Europe, Germany intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 410.3 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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Germany 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 76.36% in 2023. Horizon Databook has segmented the Germany intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the intelligent power module market in Germany can be attributed to the country’s robust automotive sector and the growing presence of semiconductor manufacturing companies in the country.
According to VDA, the German Association for the Automotive Industry, passenger car production in Germany, in unit terms, grew by 18% from 2022 to 2023. Moreover, some of the prominent automobile manufacturers, such as Volkswagen and Mercedes-Benz Group AG, are based in the country. Intelligent power modules have significant applications in the automotive sector.
In August 2023, Taiwan Semiconductor Manufacturing Company Limited, a Taiwan-based semiconductor manufacturing company, announced that it would build a chip manufacturing facility in Germany. Such initiatives are expected to have a positive impact on the local production of intelligent power modules in the country, thereby driving the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into Germany intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany intelligent power module market size, by power device, 2018-2030 (US$M)
Germany Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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