Global IGBT-Based Power Module Market Growth 2023-2029

Global IGBT-Based Power Module Market Growth 2023-2029

An IGBT is a power semiconductor component used in power electronic devices in several industries as they have high-power efficiency, high blocking voltage, and ability to work in low power. An IGBT-based power module is formed by arranging several IGBTs in parallel in a single casing.

LPI (LP Information)' newest research report, the “IGBT-Based Power Module Industry Forecast” looks at past sales and reviews total world IGBT-Based Power Module sales in 2022, providing a comprehensive analysis by region and market sector of projected IGBT-Based Power Module sales for 2023 through 2029. With IGBT-Based Power Module sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IGBT-Based Power Module industry.

This Insight Report provides a comprehensive analysis of the global IGBT-Based Power Module landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IGBT-Based Power Module portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global IGBT-Based Power Module market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IGBT-Based Power Module and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IGBT-Based Power Module.

The global IGBT-Based Power Module market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

HVDC technology is primarily used for efficiently transmitting large amounts of electricity over long distances. Motors, lights, and other high-power applications use AC voltage. AC voltage produced at the source has the need to be converted to DC power for reducing transmission losses and then converted back to AC electricity at the destination. Voltage-source converters employed for this purpose use insulated-gate bipolar transistor (IGBT) power modules for high voltage applications. HDVC technology involves fewer transmission lines, less land to set up transmission lines, and incur fewer transmission losses. Also, HVDC systems are more stable, can be easily controlled, and can be interconnected with AC power networks, which will, in turn, increase the adoption of HVDC systems in the power sector.

This report presents a comprehensive overview, market shares, and growth opportunities of IGBT-Based Power Module market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
High Power
Medium Power
Low Power

Segmentation by application
Consumer Appliances
Industrial Motor Drives
Power Supplies
Renewable Energy
Railroad Traction

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Fairchild Semiconductor
Fuji Electric
Infineon Technologies
Mitsubishi
Semikron
STMicroelectronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global IGBT-Based Power Module market?

What factors are driving IGBT-Based Power Module market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do IGBT-Based Power Module market opportunities vary by end market size?

How does IGBT-Based Power Module break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.