According to the International Energy Agency (IEA), the global energy demand is expected to grow by about 60% by 2030.

Middle East and Africa is expected to dominate the global market. Thanks to high crude oil production and increasing exploration activities in Oman, Kuwait, UAE and Saudi Arabia.

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The U.S. market is expected to grow as a result of the high number of cancer cases that have been documented there.

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The Industrial Drives segment emerges as the most dominating in the Intelligent Power Module Market due to its widespread applications across various industries.

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