North America Intelligent Power Module Market Size & Outlook
Related Markets
North America intelligent power module market highlights
- The North America intelligent power module market generated a revenue of USD 737.5 million in 2023.
- The market is expected to grow at a CAGR of 10.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 737.5 million |
| Market revenue in 2030 | USD 1,484.4 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Igbt |
| Fastest growing segment | IGBT |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 25.3% of the global intelligent power module market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,476.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Intelligent Power Module Market Scope
Intelligent Power Module Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CISSOID | View profile | 11-50 | Mont-saint-guibert, Brabant Wallon, Belgium, Europe | http://www.cissoid.com |
| Sensitron Semiconductor | View profile | 101-250 | Hauppauge, New York, United States, North America | http://sensitron.com |
| Semikron International | View profile | 1001-5000 | Singapore, Central Region, Singapore, Asia | https://www.semikron.com |
| Ideal Power Inc | View profile | 11 | 5508 Highway 290 West, Suite 120, Austin, TX, United States, 78735 | https://www.idealpower.com |
| Alpha & Omega Semiconductor Ltd | View profile | 2468 | 475 Oakmead Pkwy, Sunnyvale, CA, United States, 94085 | http://www.aosmd.com |
| Fuji Electric Co Ltd | View profile | 30123 | Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan, 141-0032 | http://www.fujielectric.co.jp |
| ON Semiconductor Corp | View profile | 30100 | 5701 North Pima Road, Scottsdale, AZ, United States, 85250 | https://www.onsemi.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
North America 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 77.53% in 2023. Horizon Databook has segmented the North America intelligent power module market based on igbt, mosfet covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, North America witnessed a surge in demand for intelligent power modules, driven by factors such as increasing industrial automation, adoption of electric vehicles, growing demand for miniaturization and integration, and emphasis on energy efficiency.
Developed economies such as the U.S. and Canada are spearheading this growth trajectory, fueled by the robust regional manufacturing sectors and technological advancements. Furthermore, partnerships and collaborations between industry players and technology firms have propelled market expansion and product diversification.
The increasing adoption of intelligent power modules in various sectors, such as automotive, consumer electronics, and renewable energy, has provided an impetus to market growth in North America. In addition, favorable government initiatives promoting sustainable energy solutions and stringent regulations regarding energy efficiency have bolstered market growth.
Reasons to subscribe to North America intelligent power module market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America intelligent power module market databook
-
Our clientele includes a mix of intelligent power module market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America intelligent power module market , including forecasts for subscribers. This continent databook contains high-level insights into North America intelligent power module market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America intelligent power module market size, by country, 2018-2030 (US$M)
North America Intelligent Power Module Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
