Press release
IGBT Market is Forecasted to Reach US$ 15.48 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global IGBT market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1132/igbt-market.html#form
Report Highlights:
Market Size in 2028: US$ 15.48 billion
Growth (CAGR): 11.33% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the IGBT Market:
The global IGBT market is segmented based on packaging type, power rating type, application type, and region.
Based on packaging type - The market is segmented as discrete and module. IGBT module held the larger share of the market in 2022, owing to its wider applications as the application of discrete solutions is limited mostly up to 50kVA power range, whereas modules are used for medium to high power levels.
Based on power rating type - The market is segmented as low, medium, and high. The medium power rating segment is expected to capture the largest share of the market during the assessment period, owing to the high preference for IGBT (insulated-gate bipolar transistors) for the medium power segment.
Based on application type - The market is segmented as power transmission systems, renewable energy, rail traction systems, EV/HEV, motor drives, consumer electronics, and others. The motor drives segment is expected to remain the largest, whereas EV/HEV is projected to be the fastest-growing segment of the market during the assessment period, owing to their organic growth thrust by stringent emission regulations and several government initiatives.
To know the most attractive segments, click here:
https://stratviewresearch.com/1132/igbt-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the dominant as well as the fastest-growing region in the market. This growth outlook is majorly attributed to the following-
• Owing to the fastest-growing EV/HEV market
• The largest consumer electronics, solar and wind energy sectors
• Gowing industrial automation in the region
IGBT Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing demand for factory automation, power efficiency improvements, organic growth of the solar and wind energy sectors, Electrification of railways
• Incessant shift to EVs to curb emissions and high growth in consumer appliances along with the growing demand for inverters.
Top Companies in the IGBT Market:
Stratview Research has identified the following companies as the top market players.
• Fuji Electric Co., Ltd.
• Infineon Technologies AG
• Robert Bosch GmbH
• The Danfoss Group
• Mitsubishi Electric Corporation
• ON Semiconductor Corporation
• Semikron International GmbH
• Toshiba Corporation
• Hitachi, Ltd.
• Renesas Electronics Corporation
• STMicroelectronics N.V.
• MagnaChip Semiconductor Corporation
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the IGBT Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Industrial Power Transmission Market: https://stratviewresearch.com/2377/industrial-power-transmission-market.html
• Aircraft Mechanical Power Transmission System Market: https://stratviewresearch.com/808/aircraft-mechanical-power-transmission-system-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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