India Intelligent Power Module Market Size & Outlook
India intelligent power module market, 2018-2030 (US$M)
Related Markets
India intelligent power module market highlights
- The India intelligent power module market generated a revenue of USD 143.4 million in 2023 and is expected to reach USD 341.3 million by 2030.
- The India market is expected to grow at a CAGR of 13.2% 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 143.4 million |
| Market revenue in 2030 | USD 341.3 million |
| Growth rate | 13.2% (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, India accounted for 4.9% 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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India 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 78.45% in 2023. Horizon Databook has segmented the India intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
India has seen a remarkable surge in the intelligent power module market in recent years. The automotive industry, in particular, has been a major growth catalyst, with the rising popularity of electric vehicles prompting the need for advanced power electronics.
In addition, the focus on renewable energy and smart grid initiatives has further fueled demand for intelligent power module technologies to enhance energy management and efficiency. Indian companies, backed by government initiatives such as "Make in India" and incentives for research and development, are actively investing in developing indigenous intelligent power module solutions.
Some of the initiatives include the Production Linked Incentive (PLI) Scheme that promotes the development of high-efficiency solar PV modules, which is further expected to stimulate the demand for intelligent power modules in the renewable energy sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the India intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into India intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India intelligent power module market size, by power device, 2018-2030 (US$M)
India Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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