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.
By Voltage
By Circuit Configuration
By Vertical
By Current Rating
By Power Device
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 