Insulated Gate Bipolar Transistor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	190 Pages	Fortune Business Insights Pvt. Ltd.	November, 2024	FOB19326544

Best Price Guarantee
Price	from $4,850
Length	190 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	November, 2024
SKU	FOB19326544

Insulated Gate Bipolar Transistor Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Insulated Gate Bipolar Transistor Market

The insulated gate bipolar transistor market size was valued at USD 5.40 billion in 2020, and the market is now projected to grow from USD 5.86 billion in 2021 to USD 11.24 billion in 2028, exhibiting a CAGR of 9.8% during the forecast period of 2021-2028.

The COVID-19 pandemic affected the insulated gate bipolar transistor market growth particularly due to the problem in the production caused by supply chain issues and employee restrictions. Revenue contours shrunk from 12.5% to 9% in 2020. According to the long-time vision, companies can make significant changes in their capital investment, product strategies, mergers and acquisitions as they adjust to the new normal. The green IGBT comes in high demand across several domains such as renewable energy, the electric vehicle industry and the data center expansion generated by an increased remote working community after the pandemic.

The increase in EV production is a driving factor for the insulated gate bipolar transistor market share as these are major components of power converters used in EVs. The rise of electric and hybrid vehicles comes from the enhanced consciousness of the environment and high global gas prices. Car manufacturers have deployed capital on EVs, especially in line with government energy policies. IGBTs are important for EV inverters as it has high voltage and current capabilities, resulting in increased usage in response to this trend. This transformation fosters the development of the IGBT market to a considerable extent.

Furthermore, the increasing concern for clean energy sources is stimulating the insulated gate bipolar transistor market demand as well. The global power sector will be dominated by renewables by 2050, with increased electrification from vehicles and heating systems. Government incentives, technology advancements and reduced solar and wind energy costs have fostered renewable installation. Infineon and ABB for instance are designing IGBT products for renewable applications as they seek to utilize this niche. The trend described above is anticipated to further promote the IGBT sector’s development.

Comprehensive Analysis of Insulated Gate Bipolar Transistor Market

The insulated gate bipolar transistor market and semiconductor & electronics industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the semiconductor & electronics industry. These segmentations are methodically segregated by voltages and by applications. The voltage includes, Low Voltage, Medium Voltage and High Voltage. The application includes, Consumer Electronics, Industrial Manufacturing, Automotive (EV/HEV), Inverters/UPS, Railways, Renewables and Others.

The Asia Pacific region is expected to garner the highest market share with the highest compound annual growth rate during the estimated timeframe. The highest increase is attributed to increased demand by many electronic and semiconductor manufacturers across China, South Korea and India. China is anticipated to accumulate the highest revenue share due to its position as the world’s largest EV producer. The increasing deployment of electric vehicles is the primary factor fueling the market growth in the country. Japan and India also see the demand for energy-saving resources and technology-enhanced with contemporary innovations.

The top players in the market play a crucial role in the semiconductor & electronics industry assuring industrial prospectus growth and setting market standards. These players include, Infineon Technologies AG (Munich, Germany), ABB Ltd (Zürich, Switzerland), Mitsubishi Electric Corporation (Tokyo, Japan), Danfoss Group (Nordborg, Denmark), Fuji Electric Co., Ltd. (Tokyo, Japan), Hitachi, Ltd. (Tokyo, Japan), Toshiba Corporation (Tokyo, Japan), ROHM CO., LTD (Kyoto, Japan), LITTELFUSE, INC. (Illinois, United States) and StarPower Semiconductor Ltd. (Jiaxing, China). These market players provide a level-playing competitive landscape.

In February 2021, Infineon Technologies AG released a new 650 V CoolSiC Hybrid IGBT range. The advanced transistor is built with a 650V blocking voltage. The signalling of the Hybrid range of IGBTs offers the features of technologies including the Schottky barrier CoolSiC diodes and 650 V TRENCHSTOP 5 IGBT.

Segmentation Table

Global Insulated Gate Bipolar Transistor Market Scope

Study Period

2017-2028

Base Year

2020

Forecast Period

2021-2028

Growth Rate

CAGR of 9.8% from 2021 to 2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Segmentation

By Voltage; Application; and Geography

By Voltage

Low Voltage

Up to 600 V
601 - 1200 V

Medium Voltage

1700 V
2500 V

High Voltage

3300 V
4500 V & above

By Application

Consumer Electronics

Industrial Manufacturing

Automotive (EV/HEV)

Inverters/UPS

Railways

Renewables

Others

By Region

North America (By Voltage, By Application, and By Country)

U.S.
Canada

Europe (By Voltage, By Application, and By Country)

U.K.
Germany
Italy
Spain
Scandinavia
France
Rest of Europe

Asia Pacific (By Voltage, By Application, and By Country)

China
Japan
India
Southeast Asia
Rest of Asia Pacific

The Middle East & Africa (By Voltage, By Application, and By Country)

GCC
South Africa
Rest of the Middle East & Africa

Latin America (By Voltage, By Application, and By Country)

Brazil
Mexico
Rest of Latin America

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Key Takeaways
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of COVID-19; 3.3.1. Short-term Impact; 3.3.2. Long-term Impact
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players
5. Global Insulated Gate Bipolar Transistor Key Players Market Share Insights and Analysis, 2020
6. Key Market Insights and Strategic Recommendations
7. Companies Profiled (Covered for key 10 players only): 7.1. Overview; 7.1.1. Key Management; 7.1.2. Headquarters etc.; 7.2. Offerings/Business Segments; 7.3. Key Details (Subjected to data availability in public domain and/or on paid databases); 7.3.1. Employee Size; 7.3.2. Key Financials; 7.3.2.1. Past and Current Revenue; 7.3.2.2. Geographical Share; 7.3.2.3. Business Segment Share; 7.4. Recent Developments
8. Annexure / Appendix: 8.1. Global Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.1.1. By Voltage (Value); 8.1.1.1. Low Voltage; 8.1.1.1.1. Up to 600 V; 8.1.1.1.2. 601 - 1200 V; 8.1.1.2. Medium Voltage; 8.1.1.2.1. 1700 V; 8.1.1.2.2. 2500 V; 8.1.1.3. High Voltage; 8.1.1.3.1. 3300 V; 8.1.1.3.2. 4500 V & above; 8.1.2. By Application (Value); 8.1.2.1. Consumer Electronics; 8.1.2.2. Industrial Manufacturing; 8.1.2.3. Automotive (EV/HEV); 8.1.2.4. Inverters/UPS; 8.1.2.5. Railways; 8.1.2.6. Renewables; 8.1.2.7. Others; 8.1.3. By Region (Value); 8.1.3.1. North America; 8.1.3.2. Europe; 8.1.3.3. Middle East & Africa; 8.1.3.4. Asia Pacific; 8.1.3.5. Latin America; 8.2. North America Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.2.1. By Voltage (Value); 8.2.1.1. Low Voltage; 8.2.1.1.1. Up to 600 V; 8.2.1.1.2. 601 - 1200 V; 8.2.1.2. Medium Voltage; 8.2.1.2.1. 1700 V; 8.2.1.2.2. 2500 V; 8.2.1.3. High Voltage; 8.2.1.3.1. 3300 V; 8.2.1.3.2. 4500 V & above; 8.2.2. By Application (Value); 8.2.2.1. Consumer Electronics; 8.2.2.2. Industrial Manufacturing; 8.2.2.3. Automotive (EV/HEV); 8.2.2.4. Inverters/UPS; 8.2.2.5. Railways; 8.2.2.6. Renewables; 8.2.2.7. Others; 8.2.3. By Country (Value); 8.2.3.1. United States; 8.2.3.2. Canada; 8.3. Europe Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.3.1. By Voltage (Value); 8.3.1.1. Low Voltage; 8.3.1.1.1. Up to 600 V; 8.3.1.1.2. 601 - 1200 V; 8.3.1.2. Medium Voltage; 8.3.1.2.1. 1700 V; 8.3.1.2.2. 2500 V; 8.3.1.3. High Voltage; 8.3.1.3.1. 3300 V; 8.3.1.3.2. 4500 V & above; 8.3.2. By Application (Value); 8.3.2.1. Consumer Electronics; 8.3.2.2. Industrial Manufacturing; 8.3.2.3. Automotive (EV/HEV); 8.3.2.4. Inverters/UPS; 8.3.2.5. Railways; 8.3.2.6. Renewables; 8.3.2.7. Others; 8.3.3. By Country (Value); 8.3.3.1. United Kingdom; 8.3.3.2. Germany; 8.3.3.3. France; 8.3.3.4. Italy; 8.3.3.5. Spain; 8.3.3.6. Scandinavia; 8.3.3.7. Rest of Europe; 8.4. Middle East & Africa Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.4.1. By Voltage (Value); 8.4.1.1. Low Voltage; 8.4.1.1.1. Up to 600 V; 8.4.1.1.2. 601 - 1200 V; 8.4.1.2. Medium Voltage; 8.4.1.2.1. 1700 V; 8.4.1.2.2. 2500 V; 8.4.1.3. High Voltage; 8.4.1.3.1. 3300 V; 8.4.1.3.2. 4500 V & above; 8.4.2. By Application (Value); 8.4.2.1. Consumer Electronics; 8.4.2.2. Industrial Manufacturing; 8.4.2.3. Automotive (EV/HEV); 8.4.2.4. Inverters/UPS; 8.4.2.5. Railways; 8.4.2.6. Renewables; 8.4.2.7. Others; 8.4.3. By Country (Value); 8.4.3.1. GCC; 8.4.3.2. South Africa; 8.4.3.3. Rest of MEA; 8.5. Asia Pacific Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.5.1. By Voltage (Value); 8.5.1.1. Low Voltage; 8.5.1.1.1. Up to 600 V; 8.5.1.1.2. 601 - 1200 V; 8.5.1.2. Medium Voltage; 8.5.1.2.1. 1700 V; 8.5.1.2.2. 2500 V; 8.5.1.3. High Voltage; 8.5.1.3.1. 3300 V; 8.5.1.3.2. 4500 V & above; 8.5.2. By Application (Value); 8.5.2.1. Consumer Electronics; 8.5.2.2. Industrial Manufacturing; 8.5.2.3. Automotive (EV/HEV); 8.5.2.4. Inverters/UPS; 8.5.2.5. Railways; 8.5.2.6. Renewables; 8.5.2.7. Others; 8.5.3. By Country (Value); 8.5.3.1. China; 8.5.3.2. India; 8.5.3.3. Japan; 8.5.3.4. Southeast Asia; 8.5.3.5. Rest of Asia Pacific; 8.6. Latin America Insulated Gate Bipolar Transistor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028; 8.6.1. By Voltage (Value); 8.6.1.1. Low Voltage; 8.6.1.1.1. Up to 600 V; 8.6.1.1.2. 601 - 1200 V; 8.6.1.2. Medium Voltage; 8.6.1.2.1. 1700 V; 8.6.1.2.2. 2500 V; 8.6.1.3. High Voltage; 8.6.1.3.1. 3300 V; 8.6.1.3.2. 4500 V & above; 8.6.2. By Application (Value); 8.6.2.1. Consumer Electronics; 8.6.2.2. Industrial Manufacturing; 8.6.2.3. Automotive (EV/HEV); 8.6.2.4. Inverters/UPS; 8.6.2.5. Railways; 8.6.2.6. Renewables; 8.6.2.7. Others; 8.6.3. By Country (Value); 8.6.3.1. Brazil; 8.6.3.2. Mexico; 8.6.3.3. Rest of Latin America
9. Companies Analyzed (In order to estimate the market size and/or understanding the market ecosystem) (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. Only top 10 players are profiled in the scope. Additionally, we are open to profile additional company(s) on specific request): 9.1. Infineon Technologies AG; 9.2. ABB Ltd; 9.3. Mitsubishi Electric Corporation; 9.4. Danfoss Group; 9.5. Fuji Electric Co., Ltd.; 9.6. Hitachi, Ltd.; 9.7. Toshiba Corporation; 9.8. ROHM CO., LTD; 9.9. LITTELFUSE, INC.; 9.10. StarPower Semiconductor Ltd.; 9.11. SEMIKRON International GmbH; 9.12. ON Semiconductor; 9.13. Renesas Electronics Corporation; 9.14. Siemens AG; 9.15. Schneider Electric; 9.16. Powerex Inc.; 9.17. Silicon Power Corporation