Global Photovoltaic IGBT Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Photovoltaic IGBT Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Photovoltaic IGBT market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Photovoltaic IGBT is Insulated Gate Bipolar Transistor (IGBT) technology optimized for use in photovoltaic systems, enabling efficient switching and control of power generated from solar panels.

China has implemented the Renewable Energy Law since 2006, in which Article 4 clearly states that, the State gives first priority to the exploration of renewable energy. Over the years, various departments of the Chinese government have successively issued a large number of policies, covering production, sales, taxation, subsidies and other aspects. After setting the carbon neutrality goal in 2021, from a national perspective, the upgrading of the energy structure is ever imperative, and therefore the optoelectronic industry has great potential. The European Commission released the Net-Zero Industry Act in 2023. This bill aims to stimulate local manufacturing in Europe, reduce import dependence on China, and ensure that at least 40% of the EU's clean energy demand can be met by 2030. The EU targets an installed solar capacity of 600 GW. Overall, the European market still has a lot of room for development. US 2022 release of the Inflation Reduction Act, which includes $369 billion for energy security and climate change investments. For the photovoltaic industry, the bill stimulates its development from multiple aspects such as corporate and individual tax credits, production subsidies, and loans throughout the industry chain, and revitalizes the domestic manufacturing industry in the United States. Japanese authorities plan to make solar panels mandatory for new residential buildings in Tokyo from 2025 onwards. It is estimated that by 2030, photovoltaic power generation will account for 14%-16% of Japan's total power generation, and the cumulative installed capacity of photovoltaic systems will be about 117.40 GW.

The Global Info Research report includes an overview of the development of the Photovoltaic IGBT industry chain, the market status of Centralized Inverter (IGBT Discretes, IGBT Modules), String Inverter (IGBT Discretes, IGBT Modules), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Photovoltaic IGBT.

Regionally, the report analyzes the Photovoltaic IGBT markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Photovoltaic IGBT market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Photovoltaic IGBT market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Photovoltaic IGBT industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., IGBT Discretes, IGBT Modules).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Photovoltaic IGBT market.

Regional Analysis: The report involves examining the Photovoltaic IGBT market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Photovoltaic IGBT market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Photovoltaic IGBT:

Company Analysis: Report covers individual Photovoltaic IGBT players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Photovoltaic IGBT This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Centralized Inverter, String Inverter).

Technology Analysis: Report covers specific technologies relevant to Photovoltaic IGBT. It assesses the current state, advancements, and potential future developments in Photovoltaic IGBT areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Photovoltaic IGBT market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Photovoltaic IGBT market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
IGBT Discretes
IGBT Modules
Others

Market segment by Application
Centralized Inverter
String Inverter
Others

Market segment by players, this report covers
Infineon Technologies
Mitsubishi Electric
Fuji Electric
StarPower Semiconductor
MacMic Science & Technology
Hangzhou Silan Microelectronics
ON Semiconductor
Semikron
Hitachi
Danfoss
Renesas Electronics
Toshiba
ABB
Littelfuse (IXYS)

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Photovoltaic IGBT product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Photovoltaic IGBT, with revenue, gross margin and global market share of Photovoltaic IGBT from 2019 to 2024.

Chapter 3, the Photovoltaic IGBT competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Photovoltaic IGBT market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Photovoltaic IGBT.

Chapter 13, to describe Photovoltaic IGBT research findings and conclusion.