Insulated Gate Bipolar Market Size & Share 2023-2030 Analysis by Key Players - IXYS, Semikron International GmbH, Toshiba and Mitsubishi Electric Corp.

Insulated Gate Bipolar Transistor Market Report Scope:

The Insulated Gate Bipolar Transistor Market, valued at USD 5.95 billion in 2022, Projected to achieve a market size of USD 12.57 billion by 2030, the market is set for remarkable growth with a compound annual growth rate of 9.8% over the forecast period from 2023 to 2030 driven by the efficiency and quick switching capabilities of IGBTs, making them vital in various applications across industries.

An insulated gate bipolar transistor (IGBT) is a voltage-controlled power electronic device that plays a pivotal role in modern power systems. Recognized for its high efficiency and rapid switching capabilities, IGBTs find applications in switches, phase control, and pulse modulation. The market scope covers diverse sectors, including automobile, rail, energy & electricity, and consumer electronics, reflecting the increasing demand for these devices across various industries.

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Key Players Covered in this market report are:

Renesas Electronics Corp.
Infineon Technologies AG
ABB Group
STMicroelectronics N.V.
NXP Semiconductors N.V
IXYS Corporation
Semikron International GmbH
Toshiba Corporation
Mitsubishi Electric Corp.
Fuji Electric Co. Ltd.

Market Analysis:

The surge in electric vehicle demand is a primary driver for market expansion. IGBTs are crucial components in power converters for electric vehicles, supporting mid to high-power applications like electric car inverters. As electric vehicle usage increases, the demand for IGBTs is expected to grow.
IGBTs play a significant role in high-voltage applications, with the market segmented into low, medium, and high voltage. High-voltage IGBTs dominate, catering to industries such as automotive, aviation, unmanned aerial vehicles, and industrial applications. The growing demand for medium voltage is propelled by the need for 1700 V-2500 V transistors in manufacturing industries for automation operations.

Insulated Gate Bipolar Transistor Market Segmentation as Follows:

By Type:
Discrete IGBT
IGBT Module

By Power Rating:
High Power
Medium Power
Low Power

By Application:
Energy & Power
Consumer Electronics
Inverter & UPS
Electric Vehicle
Industrial System
Others (Medical Devices & Traction)

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Key Regional Development:

The Asia-Pacific region is expected to experience the highest growth during the projection period, driven by explosive growth in the green energy industry. Europe currently controls the majority of the IGBT market due to technological advancements in China and Japan, making the region a key player. China, the largest user of semiconductors globally, plays a pivotal role in the IGBT market. The nation's robust electronics industry, coupled with advancements in technology, positions China as a significant segment in the market. The use of MOSFETs and IGBTs in various electronic devices contributes to China's market importance.

North America sees potential growth as awareness and utilization of renewable resources increase. The region is widely recommended for energy savings due to its low power consumption, reinforcing its significance in the IGBT market.
Europe, the first region to adopt insulated gates, continues to play a vital role in the IGBT market. The region is anticipated to increase its revenue share, securing the second position behind Asia Pacific.

Key Takeaways for Insulated Gate Bipolar Transistor Market Study:

- The growing demand for electric vehicles propels the market, with IGBTs playing a crucial role in power converters for electric vehicle inverters.
- IGBTs find widespread applications in various industries, including energy & power, consumer electronics, and industrial systems, contributing to their market dominance.

Recent Developments:

- Nexperia enters the IGBT market with a new line of 600V devices, showcasing advancements in trench gate equipment.
- Toshiba Electronic Devices & Storage Corporation launches a 650V internal IGBT for cooling factor correction circuits in air conditioners and large power supplies, catering to industrial equipment needs. Shipments have commenced on volume.

Table of Content - Analysis of Key Points:

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Insulated Gate Bipolar Transistor Market Segmentation, By Type
9. Insulated Gate Bipolar Transistor Market Segmentation, By Power Rating
10. Insulated Gate Bipolar Transistor Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

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