Insulated-Gate Bipolar Transistor (IGBT) Market Technology Advancement, Expert Reviews And Analysis By 2026
The IGBT market was valued at USD 6.047 billion in 2020, and it is expected to reach USD 11.01 billion by 2026, at a CAGR of 10.56%, during the forecast period (2021-2026).
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Top Companies in the Global Insulated-Gate Bipolar Transistor (IGBT) Market: Infineon, Fuji Electric, Mitsubishi, Toshiba, and Hitachi
- November 2018 - Renesas Electronics Corporation and Secure Thingz, a global domain expert in device security, collaborated to ensure secure Internet of Things (IoT) applications are more easily developed on leading microcontrollers (MCUs), and that a secure production flow is available to deliver a secure global supply chain.
- July 2018 - ABB Control Technologies and Actemium signed a global cooperation agreement, which is expected to deliver joint solutions that enable customers to benefit from leading automation solutions. This increases the scope of IGBTs in industrial applications.
Key Market Trends
EV/HEV to Drive the Growth of IGBT
- Electric cars and hybrid vehicles use IGBT modules as they require a higher level of reliability compared to typical industrial purposes.
- The reliability of IGBT modules as compared to other systems is the primary factor influencing the growth of the market.
- According to EEI, the total EV sales for 2018 were up 40%, compared to 2017. BMW and Volvo stood out with a much higher share of EV sales than other automakers (excluding Tesla).
- The United States, which hosts maximum EVs (thus having maximum market share for IGBT), has seen EV sales increasing over the years.
Segment by Type
Segment by Application
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Asia-Pacific to Witness the Fastest Growth
- In 2018, all the electric vehicles gained 3% share in the mix from 2017, driven by growth in China.
- According to EVVOLUMES, largest growth contributor, in 2018, was China, where sales increased by over 500,000 units to 1.2 million.
- China stood for 56% of all plug-in sales. In the neighborhood electric vehicle (NEV) segment 520,000, or 78% more units were sold in 2018. Primarily, due to the increasing production of electric vehicles in the region, the market is expected to witness a significant growth rate in the region.
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