U.S. Intelligent Power Module Market Size & Outlook
U.S. intelligent power module market, 2018-2030 (US$M)
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U.S. intelligent power module market highlights
- The U.S. intelligent power module market generated a revenue of USD 575.6 million in 2023 and is expected to reach USD 1,174.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 10.7% 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 575.6 million |
| Market revenue in 2030 | USD 1,174.8 million |
| Growth rate | 10.7% (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, U.S. accounted for 19.8% 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 North America, U.S. intelligent power module market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,174.8 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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U.S. 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 77.85% in 2023. Horizon Databook has segmented the U.S. intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
IPMs and advanced semiconductor devices that integrate power electronics components with intelligent control circuits are increasingly being utilized across various sectors. They are preferred as they improve energy efficiency and power management and enable smart grid applications.
The growing adoption of renewable energy sources, such as solar and wind power, has fueled the demand for IPMs for inverters and converters used in renewable energy systems. The U.S. government also incentivizes investment in clean energy technologies through programs such as the Investment Tax Credit (ITC) and Production Tax Credit (PTC).
The Department of Energy (DOE), under its National Innovation Policy, runs an initiative called Advanced Manufacturing Office (AMO) that focuses on accelerating the adoption of advanced manufacturing technologies, including power electronics such as intelligent power modules.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. intelligent power module market , including forecasts for subscribers. This country databook contains high-level insights into U.S. intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. intelligent power module market size, by power device, 2018-2030 (US$M)
U.S. Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
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