The new report by Expert Market Research titled, ‘Insulated-Gate Bipolar Transistors (IGBT) Market Report and Forecast 2021-2026, gives an in-depth analysis of the Insulated-Gate Bipolar Transistors (IGBT) Market, assessing the market based on its segments like type, power rating, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/insulated-gate-bipolar-transistors-igbt-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 5.8 billion
- Forecast CAGR (2021-2026): 8%
- Forecast Market Size (2026): USD 10 billion
Insulated-Gate Bipolar transistors are available as discrete machines or as modules. Motor drives, electric and hybrid electric vehicles (EV/HEV), inverters, uninterruptible power supplies (UPS), automotive systems, consumer electronics, and medical devices are all examples of IGBT’s applications. The demand for IGBTs is being driven by a growth in the production of electric vehicles (EVs) along with vast manufacturing capabilities. IGBTs play a crucial role in hybrid cars. This industry is currently being driven by the demand for electric cars, which is expected to continue in the forecast period.
Industry Definition and Major Segments
Insulated-Gate Bipolar Transistors (IGBT) stands for inductively coupled bipolar transistor. It is a form of power semiconductor that is used as an electronic switch. It is also known as a minority carrier device because it allows for quicker switching and performance. It’s a low-cost alternative to MOSFETs that can accommodate higher voltage and current. It assists in the energy conservation of electric equipment such as consumer electronics and cars.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/insulated-gate-bipolar-transistors-igbt-market
By type, the market is divided into:
Based on application, the industry can be segmented into:
- Electric Vehicle
- Renewable Energy
- Inverter and UPS
- Consumer Electronics
- Industrial Manufacturing
In terms of power rating, the market is segmented into:
- Low Power
- Medium Power
- High Power
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The demand in Asia Pacific region is driving the IGBT market at the fastest pace, owing to China’s rapid growth. The demand for IGBTs is being driven by a growth in the production of electric vehicles (EVs) along with vast manufacturing capabilities. IGBTs play a crucial role in hybrid cars. The growing popularity of electric vehicles in Europe, North America, and Asia Pacific is generating new prospects for the insulated-gate bipolar transistor (IGBT) industry to develop.
Moreover, Concerns over greenhouse emissions and the depletion of natural resources have prompted governments all over the world to invest in and manufacture electric cars. Since IGBTs are a critical component of this, the demand is fueled by the increasing popularity of electric vehicles. IGBTs are used in high-voltage applications to provide flexibility and greater power. The demand for IGBTs is also being driven by the transition to smart grids. The high voltage segment is expected to lead the market in terms of power level during the forecast period, while the discrete segment is expected to grow in terms of type. This is intended to aid industry expansion.
Key Market Players
The major players in the market are Infineon Technologies AG, ROHM Co., Ltd, Fuji Electric Co., Ltd, Renesas Electronics Corporation, Toshiba Electronic Devices & Storage Corporation, Hitachi Power Semiconductor Device, Ltd., STMicroelectronics International N.V. and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Global Automotive Bushing Market: https://www.expertmarketresearch.com/reports/automotive-bushing-market
Global Augmented Analytics Market: https://www.expertmarketresearch.com/reports/augmented-analytics-market
Global Automotive Aluminium Market: https://www.expertmarketresearch.com/reports/automotive-aluminum-market
Global Medical Imaging Phantoms Market: https://www.expertmarketresearch.com/reports/medical-imaging-phantoms-market
Global Automotive Diesel Filter Market: https://www.expertmarketresearch.com/reports/automotive-diesel-filter-market
Global Automated Fare Collection Market: https://www.expertmarketresearch.com/reports/automated-fare-collection-market
Global Automotive Cyber Security Market: https://www.expertmarketresearch.com/reports/automotive-cyber-security-market
Global Automotive Engineering Services Market: https://www.expertmarketresearch.com/reports/automotive-engineering-services-market
Global Automotive Electronic Control Unit Market: https://www.expertmarketresearch.com/reports/automotive-electronic-control-unit-market
Global Automotive Axle & Propeller Shaft Market: https://www.expertmarketresearch.com/reports/automotive-axle-and-propeller-shaft-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.