Renewable Energy Applications Boosting Global IGBT-based Power Module Market
Key market vendors include Fuji Electric Co. Ltd., Infineon Technologies AG, and Mitsubishi Electric Corp.
IGBTs have a high switching frequency, which reduces power consumption, decreases heat dissipation, and conserves energy. They are used in power generation, transmission and supply and have high on-state power density and low on-state voltage drop, which helps in the manufacturing of smaller integrated chip packages that conserve energy. This technology is used extensively in UPS, wind power generators, inductive heating cookers, high-frequency welding equipment, motor drives, and solar power generators.
A global need to conserve energy and develop renewable energy sources will continue to spur growth in the IGBT market.
“It is estimated that global energy consumption will increase by over 60 percent by 2030, which is also expected to enhance the adoption of IGBT-based power modules in wind turbines,” says Faisal Ghaus, Vice President of TechNavio Research.
“These modules are used in wind turbine converters as well as in grid converters and inverters in solar panels to increase power efficiency and switching speed. The growing need for increased thermal capacity and power cycling capacity is also playing a significant role in driving the adoption of IGBT-based power modules.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global IGBT-Based Power Module Market please send an e-mail to media@TechNavio.com.
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
Jes Ellacott/Rituparna Roy
Marketing Executive/ Marketing Manager
+1 416 642 4944; +44 208 123 1770; +91 9591975898
8 Wimpole Street
W1G 9SP London
Follow us on Twitter @TechNavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Renewable Energy Applications Boosting Global IGBT-based Power Module Market here
News-ID: 286129 • Views: 3768
More Releases from Technavio
Technavio: Global Automotive Start-stop System Market
June 15, 2017 - Technavio’s latest report on the global automotive start-stop system market provides an analysis of the most important trends, drivers, and challenges expected to impact the market outlook from 2017-2021. This market research report includes up to date analysis, share breakdown, and projections for various application, end-user, product, distribution, and geographical segments. The report also provides an in-depth vendor landscape, covering various large and small stakeholders in
On Premise Models Taking a Backseat in the Global SaaS-based Enterprise Resource …
TechNavio, the independent tech-focused global research firm, shows the Global SaaS-based Enterprise Resource Management (ERP) Market is projecting healthy growth, with a CAGR of 13.80 percent from 2013-2018. Convenience and a need for energy conservation are the main factors driving this growth. On-premise ERP requires at least 12-36 months for installation, whereas SaaS-based ERP requires an average of just two to three weeks for installation. And since all support is outsourced,
Location-Based Search and Advertising Market in the US is Booming: TechNavio Res …
A recently released report from TechNavio, the independent tech-focused global research firm, shows the popularity of mobile devices and media is spurring major growth in the Location-Based Search and Advertising Market in the US, which is projecting a healthy CAGR of 43.01 percent from 2013-2018. Location-based services (LBS) use location, determined by a user's mobile device, to search for and promote products and services near the user. Location-based advertising is based
TechNavio Publishes New Research Report on the Cloud Computing Market in Latin A …
TechNavio, the independent tech-focused global research firm, has published a new market research report on the Cloud Computing Market in Latin America, which is projecting a CAGR of 26.1 percent from 2013-2018. The report covers key factors driving uptake of cloud computing services in Argentina, Mexico and Brazil. According to TecNavio, factors like adoption of virtualization are influencing uptake of SaaS, IaaS and PaaS-based cloud services. “Virtualization is essential for increasing IT
More Releases for Electric
Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually
New Electric Wheelchair
The wheelchair is controlled by a motor. With safety light. Convenient to use at night. Freely adjusting the backrest angle is more comfortable for the user. The average driving speed is 1-6km/h. The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu, China. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in