Latin America Intelligent Power Module Market Size & Outlook
Latin America intelligent power module market, 2018-2030 (US$M)
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Latin America intelligent power module market highlights
- The Latin America intelligent power module market generated a revenue of USD 234.4 million in 2023.
- The 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 234.4 million |
| Market revenue in 2030 | USD 449.1 million |
| Growth rate | 9.7% (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, Latin America region accounted for 8.1% 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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Latin America 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 76.92% in 2023. Horizon Databook has segmented the Latin America intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America, characterized by diverse economic development and industrialization levels, is witnessing a gradual shift toward advanced power management solutions with the adoption of IPMs.
The rapid industrialization and continued modernization in the region are driving the demand for IPMs, particularly in the automotive, consumer electronics, and manufacturing industries, where optimizing operations and enhancing energy efficiency is paramount.
Government initiatives aimed at promoting renewable energy sources also contribute to the growing demand for IPMs, especially in solar and wind power systems. IPMs have revolutionized the regional industrial landscape by optimizing energy consumption and subsequently boosting productivity, reducing downtime, and enabling cost savings.
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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 continent-level data and insights on the Latin America intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America intelligent power module market size, by country, 2018-2030 (US$M)
Latin America Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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