LAMEA Intelligent Power Module Market Size, Share & Industry Trends Analysis Report By Voltage (Up To 600V, 601V - 1,200V and Above 1,200V), By Circuit Configuration, By Vertical, By Current Rating, By Power Device, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Intelligent Power Module Market
Market Report Description
The Latin America, Middle East and Africa Intelligent Power Module Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
The electronic sector demonstrates several evolving trends that provide outlets for the intelligent power module's continued implementation. Many data center businesses are integrating intelligent power modules into modular data centers because it enables a greater power supply for electrical and electronic components. Increased government support for solar, wind, and tidal projects also contributes to market expansion.
In addition, electronic devices and equipment are required for the establishment of new industries and the expansion of existing ones throughout. This contributes further to the market's expansion. Demand for consumer electronics has increased due to a rise in the per capita income of middle-class populations in developing nations. This drives the expansion of the intelligent power module market. Since IPM reduces power usage, the global increase in demand for consumer electronics or connected devices is a primary growth factor.
Many OEMs sell premium SUVs in the UAE with luxurious features and increased mileage. This draws a lot of people to buy electric vehicles. The main reasons influencing the demand for EVs in Saudi Arabia are increased government focus on implementing renewable energy and growth in efforts to lessen reliance on the oil & gas industry and provide an alternative source of income. With its growth plan, the KSA aims to achieve net-zero emissions by 2060 while holding the top position in the oil and gas sector. Also, consumers' growing preference for owning private vehicles and the thriving transportation and logistics sector due to ongoing commercial and trade operations are anticipated to support the demand for EVs in the nation. All these aspects are further predicted to support the growth of the regional market.
The Brazil market dominated the LAMEA Intelligent Power Module Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44.5 million by 2028. The Argentina market is experiencing a CAGR of 12.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.8% during (2022 - 2028).
Based on Voltage, the market is segmented into Up To 600V, 601V - 1,200V and Above 1,200V. Based on Circuit Configuration, the market is segmented into 6-Pack, Bridge, 7-Pack and Others. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Transportation, IT & Telecommunications and Others. Based on Current Rating, the market is segmented into Up to 100A, 101A to 600A and Above 600A. Based on Power Device, the market is segmented into Insulated-Gate Bipolar Transistor (IGBT), Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Intelligent Power Module Market is Projected to reach USD 2.5 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Infineon Technologies AG, Rohm Co., Ltd., STMicroelectronics N.V., Microchip Technology Incorporated, Texas Instruments, Inc., Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation), Renesas Electronics Corporation and ON Semiconductor Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Up To 600V
- 601V - 1,200V
- Above 1,200V
By Circuit Configuration
- Consumer Electronics
- IT & Telecommunications
By Current Rating
- Up to 100A
- 101A to 600A
- Above 600A
By Power Device
- Insulated-Gate Bipolar Transistor (IGBT)
- Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET)
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Mitsubishi Electric Corporation
- Fuji Electric Co., Ltd.
- Infineon Technologies AG
- Rohm Co., Ltd.
- STMicroelectronics N.V.
- Microchip Technology Incorporated
- Texas Instruments, Inc.
- Toshiba Electronic Devices & Storage Corporation (Toshiba Corporation)
- Renesas Electronics Corporation
- ON Semiconductor Corporation
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Global Intelligent Power Module Market Report 2022-2028
North America Intelligent Power Module Market Report 2022-2028
Asia Pacific Intelligent Power Module Market Report 2022-2028