South Korea Intelligent Power Module Market Size & Outlook
South Korea intelligent power module market, 2018-2030 (US$M)
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South Korea intelligent power module market highlights
- The South Korea intelligent power module market generated a revenue of USD 145.3 million in 2023 and is expected to reach USD 298.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.8% 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 145.3 million |
| Market revenue in 2030 | USD 298.6 million |
| Growth rate | 10.8% (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 Korea accounted for 5.0% 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 Asia Pacific, China intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 341.3 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 Korea 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 75.98% in 2023. Horizon Databook has segmented the South Korea intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil, as the largest economy in Latin America, has experienced a notable increase in the adoption of IPMs across various industries and industry verticals. The adoption of IPMs has transformed Brazil's power management practices, providing superior efficiency and reliability in applications, such as motor drives, renewable energy systems, and industrial automation.
Various factors are propelling the uptake of IPMs in Brazil. First, the initiatives being pursued toward industrialization and modernization in Brazil have driven the demand for advanced power management solutions.
Incumbents of automotive, consumer electronics, and manufacturing, among other industries and industry verticals, increasingly rely on IPMs to streamline operations and enhance energy efficiency.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intelligent power module market size, by power device, 2018-2030 (US$M)
South Korea Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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