Global IGBT Market Growth (Status and Outlook) 2025-2031

The global IGBT market size is predicted to grow from US$ 12230 million in 2025 to US$ 29910 million in 2031; it is expected to grow at a CAGR of 16.1% from 2025 to 2031.

IGBT is short for Insulated Gate Bipolar Transistor. It is a power transistor with a MOS structure for an input part and a bipolar one for an output part. Suitable for high voltage and high current, it is capable of controlling high power with less drive power.

The global IGBT market is dominated by Infineon Technologies, Mitsubishi Electric Corporation, Fuji Electric, ON Semiconductor, Semikron, etc. The top five manufacturers account for about 55% market share.

Japan is the largest IGBT market with a market share of about 40%, followed by Europe with a market share of about 30%.

LPI (LP Information)' newest research report, the “IGBT Industry Forecast” looks at past sales and reviews total world IGBT sales in 2024, providing a comprehensive analysis by region and market sector of projected IGBT sales for 2025 through 2031. With IGBT sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IGBT industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IGBT 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.

This report presents a comprehensive overview, market shares, and growth opportunities of IGBT market by product type, application, key players and key regions and countries.

Segmentation by Type:
IGBT Modules
IGBT Discretes
IGBT-IPM

Segmentation by Application:
Automotive & EV/HEV
Industrial Control
Consumer Appliances
Wind power, PV, Energy Storage
Traction
Military & Avionics
Others

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.
Infineon
Mitsubishi Electric (Vincotech)
Fuji Electric
Semikron Danfoss
Hitachi Power Semiconductor Device
Bosch
onsemi
Toshiba
Littelfuse (IXYS)
Microchip (Microsemi)
STMicroelectronics
Vishay
Denso
SanRex Corporation
Cissoid
StarPower Semiconductor
BYD
Zhuzhou CRRC Times Electric
Hangzhou Silan Microelectronics
MacMic Science & Technology
China Resources Microelectronics Limited
Yangzhou Yangjie Electronic Technology
EcoSemitek

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