The insulated-gate bipolar transistor (IGBT) market is anticipated to grow at a CAGR of more than 8.0% during the forecast period. IGBT is a type of semiconductor which is utilized as an electronic switch device. It is also called as minority carrier device which aids faster switching rate and provides greater efficiency and is a cost-effective solution to replace Metal Oxide Semiconductor Field Effect Transistor (MOSFET) that is compatible with larger voltage and current. IGBT is extensively used in consumer electronics, electric vehicle and industrial systems due to factors such as high-speed switching rate and optimized power loss and to improve power management by increasing energy conservation owing to this, the IGBT market is significantly growing.
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Further, application in renewable energy sources and the electric vehicle industry is also fueling the market growth. electric vehicles use power control modules to turn energy from fuel cells and batteries to alternating current to drive the engine. Hence, the growing demand for electric vehicles is driving the market. The chances of current leakage at high temperature is the restraining factor of market growth. However, proactive government initiatives to develop high voltage direct current and smart grid utilizing IGBT for power conservation offer lucrative opportunities for the IGBT market in the near future.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global IGBT Market by Type
- Discrete IGBT
- Modular IGBT
Global IGBT Market by Application
- Inverter & UPS
- Electric Vehicle
- Consumer Electronics
- Renewables
- Industrial
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB, Ltd.
- Dynex Semiconductor, Ltd.
- Fuji Electric Co. Ltd
- Hitachi Ltd
- Infineon Technologies AG
- Littelfuse, Inc.
- Mitsubishi Electric Corp.
- NXP Semiconductors N.V.
- ON Semiconductor Corp.
- Renesas Electronics Corp.
- ROHM Co. Ltd.
- Semiconductor Components Industries, LLC
- SEMIKRON International GmbH
- STMicroelectronics N.V.
- Toshiba Corp.
- Vishay Inter technology, Inc.
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