UK Intelligent Power Module Market Size & Outlook
UK intelligent power module market, 2018-2030 (US$M)
Related Markets
UK intelligent power module market highlights
- The UK intelligent power module market generated a revenue of USD 154.8 million in 2023 and is expected to reach USD 322.8 million by 2030.
- The UK market is expected to grow at a CAGR of 11.1% 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 154.8 million |
| Market revenue in 2030 | USD 322.8 million |
| Growth rate | 11.1% (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, UK accounted for 5.3% 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 Europe, Germany intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 410.3 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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UK 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 78.17% in 2023. Horizon Databook has segmented the UK intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the intelligent power module market in the U.K. can be attributed to various factors, such as the growing adoption of Electric Vehicles (EVs) and rising renewable electricity generation in the country. The growing adoption of EVs in the country is attributed to government initiatives and policies to improve the EV infrastructure.
For instance, in March 2022, the U.K. government published a new EV infrastructure strategy. The strategy sets out the action plan to roll out EV charging infrastructure and end the sale of new vehicles running on petrol and diesel by 2030.
Intelligent power modules are used in the EV charging infrastructure. Hence, with the rollout of EV charging infrastructure in the country, the demand for intelligent power modules is expected to grow.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into UK intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK intelligent power module market size, by power device, 2018-2030 (US$M)
UK Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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