Press release
Insulated Gate Bipolar Transistor (IGBT) Market: A Surge to $17.47 Billion by 2029 at 13.4% CAGR
Insulated Gate Bipolar Transistor (IGBT) Market
Exploring the Growth Drivers and Key Market Trends
What Is The Projected Market Size Of The Global Insulated Gate Bipolar Transistor (IGBT) Market And Its Growth Rate?
The insulated gate bipolar transistor (IGBT) market is witnessing a rapid growth attributed to increased demand in various sectors such as power electronics, industrial automation and consumer electronics. Key market size and growth rate data include:
• 2024 Market Size: $9.33 billion
• 2025 Market Size: $10.56 billion (13.2% CAGR)
• 2029 Projected Market Size: $17.47 billion (13.4% CAGR)
The forecast period growth is expected to be propelled by rising electric mobility, increasing energy storage systems, and increasing electrification.
What Is Driving The Growth In The Insulated Gate Bipolar Transistor (IGBT) Market?
The IGBT market's growth is closely linked to the increased production of electric vehicles (EVs). IGBTs are used to convert DC power from a car battery into the high power needed to turn the motor through an inverter, making them an efficient component for EV motors. The International Energy Agency (IEA) predicts a significant increase in electric vehicles on the roads by 2030, driving the demand for IGBTs.
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Who Are the Key Players Driving Insulated Gate Bipolar Transistor (IGBT) Market Growth?
The key players bolstering IGBT market growth include:
• Renesas Electronics Corporation
• Infineon Technologies AG
• Fuji Electric Co. Ltd.
• ROHM Co. Ltd.
• SEMIKRON International GmbH
• ABB Group
• Advanced Power Electronics Corporation
• Alpha and Omega Semiconductor Inc.
What Are The Key Trends In The Insulated Gate Bipolar Transistor (IGBT) Market?
The IGBT market trends forecast includes:
• Adoption of wide bandgap semiconductors
• Miniaturization trend
• Integration with Sic diodes
• Smart IGBTs
• Digital control
What Are The Segments Of The Global Insulated Gate Bipolar Transistor (IGBT) Market?
The IGBT market is segmented by:
• Type: Discrete, Modular
• Power Rating: High Power, Medium Power, Low Power
• End-User: EV/HEV, Renewables, UPS, Rail, Motor Drives, Industrial, Commercial
Which Region Leads The Insulated Gate Bipolar Transistor (IGBT) Market?
Asia-Pacific was the largest region in the IGBT market in 2024, and is associated with contributions from countries like China and Japan that host the majority of key players in this market. Other regions explored in the report include Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Insulated Gate Bipolar Transistor (IGBT) Market Global Market Report?
- Market Size Analysis: Analyze the Insulated Gate Bipolar Transistor (IGBT) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Insulated Gate Bipolar Transistor (IGBT) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Insulated Gate Bipolar Transistor (IGBT) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Insulated Gate Bipolar Transistor (IGBT) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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