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Insulated-Gate Bipolar Transistor (IGBT) Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Seekway Technology Ltd. SeeReal Technologies GmbH Sony Corporation

11-30-2024 10:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Insulated-Gate Bipolar Transistor (IGBT) Market

Insulated-Gate Bipolar Transistor (IGBT) Market

The insulated-gate bipolar transistor (IGBT) market is anticipated to grow at a CAGR of more than 8.0% during the forecast period. IGBT is a type of semiconductor which is utilized as an electronic switch device. It is also called as minority carrier device which aids faster switching rate and provides greater efficiency and is a cost-effective solution to replace Metal Oxide Semiconductor Field Effect Transistor (MOSFET) that is compatible with larger voltage and current. IGBT is extensively used in consumer electronics, electric vehicle and industrial systems due to factors such as high-speed switching rate and optimized power loss and to improve power management by increasing energy conservation owing to this, the IGBT market is significantly growing.

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The electric vehicle segment is expected to hold a significant market share during the forecast period. The rising demand for IGBT modules in electric vehicles attributing to their ability to aids smooth operations of electric vehicles at a steady rate. The electric car uses the IGBT module as they require a higher level of reliability. The reliability of IGBT modules as compared to other systems is the factor propelling the growth of the insulated-gate bipolar transistor market.

full report of Insulated-Gate Bipolar Transistor (IGBT) Market available @ https://www.omrglobal.com/industry-reports/insulated-gate-bipolar-transistor-igbt-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Insulated-Gate Bipolar Transistor (IGBT) Market- Segmentation
By Type
• Discrete IGBT
• Modular IGBT

By Application
• Renewables
• Industrial
• Inverter & UPS
• Electric Vehicle
• Consumer Electronics
• Others

Global Insulated-Gate Bipolar Transistor (IGBT) Market - Segment by Region
North America
• The US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East Africa

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/insulated-gate-bipolar-transistor-igbt-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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