Mexico Intelligent Power Module Market Size & Outlook
Mexico intelligent power module market, 2018-2030 (US$M)
Related Markets
Mexico intelligent power module market highlights
- The Mexico intelligent power module market generated a revenue of USD 78.3 million in 2023 and is expected to reach USD 147.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.5% 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 78.3 million |
| Market revenue in 2030 | USD 147.9 million |
| Growth rate | 9.5% (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, Mexico accounted for 2.7% 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 Latin America, Brazil intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 195.5 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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Mexico 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 Mexico intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico, a pivotal economy in Latin America, has emerged as a notable market for IPMs, spurred by the rapid industrial expansion and technological progress in the nation. The introduction of IPMs has brought about a revolutionary change in Mexico's power management industry, offering sophisticated solutions for a wide array of industrial applications.
The adoption of IPMs in Mexico is driven by various factors. The burgeoning manufacturing activity, particularly in the automotive, electronics, and aerospace industries, has generated substantial demand for effective power management solutions. IPMs find extensive use in motor control, power supplies, and automation systems, enhancing operational efficiency and dependability.
The emphasis the nation has been putting on energy efficiency and sustainability has triggered aggressive investments in renewable energy projects, thereby bolstering the demand for IPMs in solar inverters and wind turbines, among other applications related to harnessing renewable energy.
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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 country-level data and insights on the Mexico intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into Mexico intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico intelligent power module market size, by power device, 2018-2030 (US$M)
Mexico Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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