Market
Power modules and conversion for industrial and mobility applications.
Market size
$4.8B
Growth
10%
▲ to 2029
Segments
2
Attractiveness
66
What this means for you · Corporate Strategy
Mobility electrification is now a firm demand signal, not a scenario.
Tavara Motors commits to full EV lineup by 2030
A rare opening to take structural share from a scaled competitor.
Voltiq Systems flags margin pressure in drives
Serviceable ≈ 21% of addressable, reflecting portfolio and coverage fit
The facets behind this market's attractiveness score.
Broad industrial demand
10% CAGR
Core capability
| Region | Size | Share | Growth |
|---|---|---|---|
| United States | $1.3B | 28% | 9% |
| Germany | $1.1B | 22% | 10% |
| China | $1.2B | 26% | 11.5% |
| Japan & Korea | $1.2B | 24% | 9.5% |
Established position
Cross-BU pull
Design-in stickiness