IGBT Market 2024-2028
The IGBT market is forecasted to grow by USD 10796.1 mn during 2023-2028, accelerating at a CAGR of 15.31% during the forecast period. The report on the IGBT market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government support for EV or HEVs, high demand for energy-efficient electronic products, and growth in HVDC lines.
Technavio's IGBT market is segmented as below:
- By Product
- IGBT modules
- Discrete IGBTs
- By Application
- EV or HEVs
- Industrial
- Motor drives
- Consumer appliance
- Others
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the functional consolidation of semiconductor devices as one of the prime reasons driving the IGBT market growth during the next few years. Also, rising focus on renewable power generation and increased copper wire interconnections will lead to sizable demand in the market.
The report on the IGBT market covers the following areas:
- IGBT market sizing
- IGBT market forecast
- IGBT market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IGBT market vendors that include ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp.. Also, the IGBT market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.