Global Insulated Gate Bipolar Transistor (IGBT) Market Size to Breach $5 Billion in 2019

Our team of research analysts at IndustryARC have released a report on insulated gate bipolar transistor market, the size of which is estimated to be between $4 billion to $5 billion. Our analysts have covered many aspects of the market including recent trends, key drivers, developments, and other important information. According to the report, the insulated gate bipolar market is set to grow at a stable CAGR of approximately 8% during the forecast period of 2019 to 2025. Geographically, Asia Pacific has emerged as the primary region, whereas the transportation sector has been identified by the analyst at the key end user industry segment, the demand for which is set for more than 13% CAGR over the course for the forecast period. The report is titled ‘Insulated Gate Bipolar Transistor Market: By End-Use Industry (Consumer Electronics, Industrial Motor drives, Inverters & UPS, Automotive (Electric & Hybrid Vehicles), HVAC, Renewable Energy and Others) & Geography - Forecast(2019 - 2025)’ 

Insulated gate bipolar transistor is a power semiconductor device used in various applications. Since these are not sold in everyday stores, it is hard for a layperson to predict where they might be actually used. But most technological devices that we use utilize IGBT’s application. IGBTs are used in air conditioners for adjusting speed motors, fluorescent light bulbs, mobile phones, plasma TV screens, etc. 

ABB is a company operating in fields related to robotics, automation, electrical equipment and headquartered in Zurich, Switzerland. Based on revenue, it is the fifth largest company in Switzerland, and earned around $31.42 billion in 2017. ABB produces insulated gate bipolar transistors of the highest quality and sell IGBT power modules in different specifications. Some of these are single IGBT available from 1700-6500 volt, dual IGBT, and others. ABB has introduced a new prototype of IGBT module which features high power, and an unmatchable Safe Operating Area (SOA.) 

Headquartered in Germany, Infineon Technologies is a company that manufacturers semiconductors for Automotive and Power Management Industries. The company manufactures ‘Discrete IGBT’ for application in solar inverters. UPS, induction heating, welding, and home appliances. Discrete IGBT are sold in combinations containing single IGBT, and freewheeling diode which provides maximized efficiency. 

Power is a mandatory asset to have, and affects the day-to-day functioning of human life. According to our analyst, the leading companies in insulated gate bipolar transistor market are ABB, Infineon, Fuji Electric, Hitachi, Cree, On Semiconductor, STMicroelectronics, Mitsubishi, Toshiba, Ixys, Rohm Semiconductor, CRRC, Alpha and Omega Semiconductor, Dynex, BYD. 

Replacement of old infrastructures in first-world countries is driving the market growth of IGBT as installation of equipment with higher thermal capacity requires technology like IGBT. It is also efficient in accentuating performance of electronic devices like electric cars which leads to increased demand.

Insulated gate bipolar market will continue to grow because the world is consistently progressing towards technological advancement. Every kind of technology requires a semiconductor, and we are living in a time when all electronic devices highly rely on semiconductors like IGBT to function with maximum performance. 

Semiconductor Market: By Type (Intrinsic Semiconductor, Extrinsic Semiconductor); By Components ( Seals, Filters, Mass flow Controllers, Valves, Others); By Instrument (Collection, Monitoring, Data Measurement, Others); By Subsystem (Robotics, Vacuum, Power Conversion, Others)); By Process (Water Production, Wafer Fabrication, Doping, Masking, Etching, Others); By Application (Networking &Telecommunication, Energy, Automotive, Computing, Consumer Electronics, Sports & Fitness, Others)& Geographic Analysis - Forecast (2018-2023)

Semiconductor Coolers Market: By Type (Single Stage, Multi Stage); By Product Design (Square, Center Hole, Thin-Film, Others); By Application (Optoelectronics, Conventional Cooling & Refrigeration, Others); By End User (Automotive, ICT, Pharmaceutical, Healthcare, Others) & Geography - Forecast (2018-2025)