South Africa Intelligent Power Module Market Size & Outlook
South Africa intelligent power module market, 2018-2030 (US$M)
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South Africa intelligent power module market highlights
- The South Africa intelligent power module market generated a revenue of USD 32.8 million in 2023 and is expected to reach USD 55.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.9% 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.
Intelligent power module market data book summary
| Market revenue in 2023 | USD 32.8 million |
| Market revenue in 2030 | USD 55.8 million |
| Growth rate | 7.9% (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, South Africa accounted for 1.1% 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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South 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 77.74% in 2023. Horizon Databook has segmented the South Africa intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa, a prominent economy in Africa, is witnessing a rising adoption of IPMs across various industries and industry verticals, signifying a significant advancement in power management. Factors driving the adoption of IPMs include the country's industrial growth, particularly in mining, manufacturing, and telecommunications, creating demand for advanced power management solutions.
Additionally, South Africa's transition to renewable energy sources also accelerates the adoption of IPMs, with increasing investments in solar and wind energy projects. Government incentives further fuel the demand for IPMs.
The adoption of IPMs in South Africa has positively impacted industrial efficiency and sustainability by optimizing power management processes, reducing energy consumption, and minimizing environmental footprint, which aligns with the nation’s efforts toward sustainable development and reducing reliance on fossil fuels.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into South Africa intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa intelligent power module market size, by power device, 2018-2030 (US$M)
South Africa Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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