Insulated-Gate Bipolar Transistors (IGBT)

Insulated-Gate Bipolar Transistors (IGBT)

Global Insulated-Gate Bipolar Transistors (IGBT) Market to Reach US$12.9 Billion by 2030

The global market for Insulated-Gate Bipolar Transistors (IGBT) estimated at US$7.0 Billion in the year 2023, is expected to reach US$12.9 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030. IGBT Module, one of the segments analyzed in the report, is expected to record a 8.7% CAGR and reach US$8.1 Billion by the end of the analysis period. Growth in the Discrete IGBT segment is estimated at 10.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 10.2% CAGR

The Insulated-Gate Bipolar Transistors (IGBT) market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.3% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR.

Global Insulated-Gate Bipolar Transistors (IGBT) Market - Key Trends & Drivers Summarized

Insulated-Gate Bipolar Transistors (IGBTs) are a type of power semiconductor device primarily used as an electronic switch which combines high efficiency and fast switching. They offer both the robustness of bipolar transistors and the control and efficiency of a gate-driven device like the MOSFET. IGBTs are crucial components in many electronic devices, serving as the backbone for applications requiring high voltage and current, such as electric vehicles, train traction motors, power inverters, and industrial control systems. Their ability to rapidly switch on and off while handling high power levels makes them invaluable in improving the performance and efficiency of electrical systems.

The market for IGBTs has expanded significantly with the push towards electrification and renewable energy solutions. As the demand for electric vehicles (EVs) and hybrid systems grows, the need for efficient power conversion systems escalates, thereby increasing the demand for IGBTs which facilitate these conversions. Similarly, in renewable energy applications such as wind turbines and solar panels, IGBTs are used to manage and modify the electrical output. These applications benefit from the efficiency and durability of IGBTs, enabling more reliable and robust energy systems. Moreover, the adoption of smart grid technology and the modernization of industrial motor drives also contribute to the growing use of IGBTs in these sectors, enhancing system performance and energy savings.

The growth in the IGBT market is driven by several factors, including advancements in technology, legislative mandates for energy efficiency, and shifts in consumer and industrial demand. Technological improvements in material science have allowed for the development of IGBTs that can operate at higher frequencies and temperatures with better efficiency and reliability. Legislation across the globe promoting energy efficiency in industrial, automotive, and energy sectors pushes for technologies that minimize electrical losses and improve system performance, thus boosting the adoption of IGBTs. Consumer behavior, especially the increasing adoption of electric vehicles and the push for renewable energy installations, has significantly influenced the demand for high-performance IGBTs. Additionally, as industries seek more energy-efficient and lower-emission solutions, IGBTs are increasingly recognized as essential components in achieving these goals, further driving their market growth.

Select Competitors (Total 47 Featured) -

• Infineon Technologies AG
• NXP Semiconductors NV
• Microchip Technology, Inc.
• Microsemi Corporation
• Fuji Electric Co., Ltd.
• Littelfuse, Inc.
• Danfoss A/S
• CPS Technologies Corporation
• Dynex Semiconductor Ltd.
• KEC Corporation
• Foshan Shunde CG Electronic Industry Co., Ltd.
• Hitachi Power Semiconductor Device, Ltd.
• Isahaya Electronics Corporation
• Alpha and Omega Semiconductor (AOS)
• C&H Technology, Inc.

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