North America Intelligent Power Module Market Size & Outlook
North America intelligent power module market, 2018-2030 (US$M)
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North America intelligent power module market highlights
- The North America intelligent power module market generated a revenue of USD 737.5 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 737.5 million |
| Market revenue in 2030 | USD 1,484.4 million |
| Growth rate | 10.5% (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, North America region accounted for 25.3% 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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North 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 77.53% in 2023. Horizon Databook has segmented the North America intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, North America witnessed a surge in demand for intelligent power modules, driven by factors such as increasing industrial automation, adoption of electric vehicles, growing demand for miniaturization and integration, and emphasis on energy efficiency.
Developed economies such as the U.S. and Canada are spearheading this growth trajectory, fueled by the robust regional manufacturing sectors and technological advancements. Furthermore, partnerships and collaborations between industry players and technology firms have propelled market expansion and product diversification.
The increasing adoption of intelligent power modules in various sectors, such as automotive, consumer electronics, and renewable energy, has provided an impetus to market growth in North America. In addition, favorable government initiatives promoting sustainable energy solutions and stringent regulations regarding energy efficiency have bolstered market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into North America intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America intelligent power module market size, by country, 2018-2030 (US$M)
North America Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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