Email
Print
Market Overview:
The Insulated Gate Bipolar Transistor (IGBT) Market is projected to grow at a CAGR of 8.8%, reaching $12.2 billion by 2030. The increasing demand for energy-efficient solutions across industries such as automotive, renewable energy, industrial automation, and consumer electronics is driving market growth. IGBTs are critical for power conversion applications due to their high efficiency and reliability. Key advancements, including improvements in semiconductor materials such as silicon carbide (SiC) and gallium nitride (GaN), are enhancing IGBT performance, resulting in higher operating frequencies, lower losses, and increased power density.
Regional Insights:
The APAC region leads the market, holding 47% of the global share in 2023, driven by rapid industrialization and rising demand for electric vehicles and renewable energy projects in countries like China, India, and South Korea. In addition, North America and Europe are seeing increased IGBT adoption in renewable energy systems and industrial automation as governments push for more sustainable solutions.
Impact of COVID-19 and Ukraine Crisis
The COVID-19 pandemic initially slowed down production due to lockdowns and supply chain disruptions. However, demand rebounded as sectors such as renewable energy and electric vehicles accelerated during the post-pandemic recovery phase. Furthermore, geopolitical tensions, including the Ukraine crisis, indirectly impacted the market by disrupting supply chains and driving up energy prices. This, in turn, prompted industries to invest in energy-efficient technologies like IGBTs to enhance operational stability and energy security.
For More Queries About " Insulated Gate Bipolar Transistor " @ https://www.industryarc.com/reports/request-quote?id=15423
Scope of the Report:
Recent Developments:
- In February 2024, Onsemi introduced its 7th Gen IGBT-based Intelligent Power Modules, designed to reduce energy consumption in heating and cooling systems.
- In May 2023, DENSO CORPORATION and United Semiconductor Japan announced the mass production of IGBTs for electric vehicles, marking a strategic collaboration to meet the rising demand for automotive semiconductors.
Insulated Gate Bipolar Transistor Market: Competitive Landscape
The Insulated Gate Bipolar Transistor market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: Infineon Technologies AG, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., ON Semiconductor Corporation, Renesas Electronics Corporation, ABB Ltd., ROHM CO., LTD., Hitachi, Ltd., Semikron Danfoss and STMicroelectronics
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727