Insulated-Gate Bipolar Transistors (IGBT) Market is to be driven by the rapid growth in renewable energy market that is leading to rising demand of electronic motor vehicle along with a surge in wind turbine installations in the Forecast period of 2021-2026

Press Release

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.

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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.

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By type, the market is divided into:

  • Discrete
  • Module

Based on application, the industry can be segmented into:

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
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

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.

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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.

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