Growth Factors Behind the Expanding Market Insulated-Gate Bipolar Transistor (IGBT) in Global Segments

 

The global Insulated-Gate Bipolar Transistor (IGBT) market research is an intelligence report announced by Absolute Markets Insights. The erudite market study provides insightful data for readers to help them in making informed business decisions. Primary and secondary research methodologies have also been used to discover the correct and applicable data of Insulated-Gate Bipolar Transistor (IGBT) market. Effective business strategies of key market players and of new startup industries are also studied thoroughly to provide extensive market knowledge. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis to present its accurate results on the market.

The major key pillars for global Insulated-Gate Bipolar Transistor (IGBT) market are listed below: Analog Devices, Inc., Darrah Electric Company, Diodes Incorporated, Fuji Electric Co., Ltd., Hitachi Energy Ltd., Infineon Technologies AG, IXYS Corporation, Mitsubishi Electric Corporation, Powerex, ROHM CO., LTD., SEMIKRON, Texas Instruments Incorporated, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, and WeEn Semiconductors

In terms of revenue, global insulated gate bipolar transistor (IGBT) market was valued at US$ 5280.24 Mn in 2020 growing at a CAGR of 9.1% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

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Insulated gate bipolar transistor (IGBT) is a semiconductor device that is utilized in switching applications. IGBTs are voltage-controlled semiconductors that allow for large collector emitter currents while requiring almost Zero gate current driving. IGBT is a combination of a MOSFET and a transistor, and thereby possess the benefits of both transistors and MOSFETs. MOSFETs have a high switching speed and a high impedance, whereas BJTs have a high gain and a low saturation voltage, both of which are found in IGBT transistors. IGBTs are primarily utilized in power electronics applications such as inverters, converters, and power supplies, where power bipolar and power MOSFETs cannot fully meet the demands of the solid-state switching device. Increased popularity of IGBT in energy & power, automotive, consumer electronics, and industries has resulted from increased demand for high voltage operating devices.

Insulated gate bipolar transistor (IGBT) has witnessed substantial demand from the automotive sector as a result of the adoption of electric vehicles. The demand for electric vehicles has surged owing to the decreased cost of electric vehicles due to technology advancements and lower battery prices. Major players in the global insulated gate bipolar transistor (IGBT) market are highly focused on business expansion and optimizing on potential opportunities pertaining to new revolutionary applications. Fronius International GmbH and Infineon Technologies, for instance, launched a solar inverter employing IGBT and other goods in November 2020 to provide all-in-one solution products. It offers options such as an energy storage system, a reliable power source, an external system connection, and electric vehicle charging. However, current leakage at high temperature may restrain the market growth.

The covid-19 pandemic impacted the power electronics devices adoption in various industries worldwide. According to the World Health Organization (WHO), the covid-19 pandemic had infected nearly 2 million people by January 2021, resulting in enormous strain on the global insulated gate bipolar transistor (IGBT) market. During its initial phase, the COVID -19 epidemic had an impact on both the demand and supply sides of the power electronics sector. The widespread lockdown and shutdown of electronics manufacturing units has exacerbated the supply shortage trend, which began in 2019. Following the second half of the pandemic, the power electronics business has been booming due to the rising adoption of electronics devices in the medical and automotive industries, as well as in domestic applications. Hence, the increased investments towards innovation in power electronics will in the near future promise new opportunities for the growth of companies in the global insulated gate bipolar transistor (IGBT) market.

Global Insulated-Gate Bipolar Transistor (IGBT) Market Segmentation:

By Type

• Discrete IGBT
• Modular IGBT

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

By End Use

• Home Appliances
• Air Conditioners
• Washing Machine
• Cooking Equipment
• Refrigerators
• Others
• Medical Equipment
• Automotive (Electric Vehicle / HEV)
• Renewable Power
• Industrial Motors
• Unregulated Power Supply (UPS)
• Switch Mode Power Supplies (SMPS)
• Inverters
• Railways
• Others

By Distribution Channel

• Direct
• Indirect

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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