Middle East & Africa Intelligent Power Module Market Size & Outlook
Middle East & Africa intelligent power module market, 2018-2030 (US$M)
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MEA intelligent power module market highlights
- The MEA intelligent power module market generated a revenue of USD 171.6 million in 2023.
- The market is expected to grow at a CAGR of 9% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 171.6 million |
| Market revenue in 2030 | USD 313.6 million |
| Growth rate | 9% (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, MEA region accounted for 5.9% 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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Middle East & Africa 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 77.68% in 2023. Horizon Databook has segmented the Middle East & Africa intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of IPMs in Middle East & Africa marks a significant advancement in power management across diverse industries, such as oil & gas, manufacturing, and construction. Factors driving the adoption of IPM include the emphasis governments in the region are putting on diversifying their oil supply-based economies, prompting investments in manufacturing and renewable energy industries.
This diversification creates demand for efficient power management solutions, such as IPMs, which hold the potential to optimize processes and enhance productivity. A strong focus on energy efficiency and sustainability also accelerates the adoption of IPMs, driven by regulations aimed at reducing carbon emissions and promoting renewable energy sources.
The adoption of IPMs has transformed the regional industrial landscape by improving operational efficiency, reducing energy consumption, minimizing downtime, and subsequently contributing to cost savings and enhancing competitiveness. Integrating IPMs into renewable energy projects aligns with the commitment to sustainable development and environmental conservation.
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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 Middle East & Africa intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA intelligent power module market size, by country, 2018-2030 (US$M)
Middle East & Africa Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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