Saudi Arabia Intelligent Power Module Market Size & Outlook
Saudi Arabia intelligent power module market, 2018-2030 (US$M)
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Saudi Arabia intelligent power module market highlights
- The Saudi Arabia intelligent power module market generated a revenue of USD 43.9 million in 2023 and is expected to reach USD 78.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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 43.9 million |
| Market revenue in 2030 | USD 78.0 million |
| Growth rate | 8.6% (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, Saudi Arabia accounted for 1.5% 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 Middle East & Africa, UAE intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 101.3 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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Saudi Arabia 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 78.59% in 2023. Horizon Databook has segmented the Saudi Arabia intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
The Kingdom of Saudi Arabia (KSA) is a major oil supply-based economy in the Middle East. The kingdom has been witnessing significant adoption of IPMs, indicating a shift toward advanced power management solutions across various industries and industry verticals.
Factors driving the adoption of IPMs in the kingdom include the government's Vision 2030 agenda, aimed at diversifying the economy, which currently relies substantially on oil supply, thereby leading to aggressive investments in manufacturing, construction, and renewable energy.
This diversification creates a demand for efficient power management solutions, such as IPMs, to optimize industrial processes and enhance productivity. The kingdom’s increasing focus on sustainability and energy efficiency has spurred the adoption of IPM, driven by regulations to reduce carbon emissions and initiatives promoting renewable energy sources.
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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 Saudi Arabia intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia intelligent power module market size, by power device, 2018-2030 (US$M)
Saudi Arabia Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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