Insulated-Gate Bipolar Transistor (IGBT) Market Astonishing Growth with Top Influencing Key Players like Renesas Electronics Corporation, Infineon Technologies AG

Latest research on Insulated-Gate Bipolar Transistor (IGBT) Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Insulated-Gate Bipolar Transistor (IGBT) market. This report included a special section on the Impact of COVID19. Also, Insulated-Gate Bipolar Transistor (IGBT) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Insulated-Gate Bipolar Transistor (IGBT) industry.

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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The Insulated-Gate Bipolar Transistor (IGBT) market is highly competitive and consists of a number of major players. Top Companies like Renesas Electronics Corporation, Infineon Technologies AG, Fuji Electric Co. Ltd., ROHM Co. Ltd., SEMIKRON International GmbH, Mitsubishi Electric Corp., Toshiba Corp., Hitachi Ltd., ON Semiconductor, ABB Ltd.

Industry News And Developments:

- 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.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Insulated-Gate Bipolar Transistor (IGBT) market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Insulated-Gate Bipolar Transistor (IGBT) Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Driven by carbon emission regulation, the automobile market is moving toward electrification of powertrains in electric and hybrid vehicles (EV/HEV), where conduction and switching losses are significantly reduced, having a direct impact on the overall efficiency.

- Sales of electric cars in Europe, North America, and China are creating new avenues for IGBTs to support infrastructure and for manufacturing EV. Thus, the stance of IGBT in the market is further strengthened.

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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.

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.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Insulated-Gate Bipolar Transistor (IGBT) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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