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Navigating the Future: Insulated Gate Bipolar Transistor (IGBT) Market Trends and Forecast Insights, 2025 Edition
Insulated Gate Bipolar Transistor (IGBT) Market Size
Insulated Gate Bipolar Transistor (IGBT) Market Size Growth Forecast: What to Expect by 2025?
The market size for the insulated gate bipolar transistor (IGBT) has experienced significant growth in recent years. It is projected to ascend from its value of $9.33 billion in 2024, reaching $10.56 billion in 2025 with a compounded annual growth rate (CAGR) of 13.2%. The surge experienced during the historical period can be credited to the heightened demand for power electronics and a greater need for energy efficiency. Growth has also been influenced by a rise in industrial automation, an increased necessity for electronic components, and growing consumer electronics sector demand.
How Will the Insulated Gate Bipolar Transistor (IGBT) Market Size Evolve and Grow by 2029?
Over the coming years, the Insulated Gate Bipolar Transistor (IGBT) market is anticipated to experience fast-paced growth. It is predicted to reach a valuation of $17.47 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 13.4%. This growth for the projected period can be linked to the escalation in electric mobility, the expansion of energy storage systems, rising requirements from the aerospace and defense sectors, surging electrification, and the extension of renewable energy. In the forecast period, major trends incorporating the usage of wide bandgap semiconductors, a trend towards miniaturization, integration with SiC diodes, smart IGBTs, and digital control are expected to take center stage.
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What Drivers Are Propelling the Growth of Insulated Gate Bipolar Transistor (IGBT) Market Forward?
The enhanced manufacturing of electric vehicles (EV) is anticipated to drive the expansion of the insulated gate bipolar transistor (IGBT) market. IGBTs serve as a form of semiconductor device that operates as an electronic switch, carrying DC power from an automobile battery and changing AC control indicators to the substantial power required to operate the motor via an inverter. The IGBT component is extremely beneficial for EV motors due to its high-speed switching characteristics, which result in lower power use and improved mileage. The escalating manufacturing of EVs is expected to result in considerable demand for IGBTs. For example, the International Energy Agency (IEA) estimates that by 2030, there will be 125 million electric vehicles on the roads. Global sales of electric cars saw an approximate increase of 140% in the first. For example, in July 2023 as per the International Energy Agency, a France-based intergovernmental organization, the sales of electric vehicles reached 10 million in 2022 and are projected to rise to 14 million in 2023. Consequently, the escalated manufacturing of electric vehicles stimulates the growth of the insulated gate bipolar transistor market.
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Which Emerging Trends Are Transforming the Insulated Gate Bipolar Transistor (IGBT) Market in 2025?
Prominent enterprises in the insulated gate bipolar transistor (IGBT) sector, such as GT30J65MRB, are channeling their efforts into creating innovative products to ensure reliable client services. The GT30J65MRB is specifically designed for applications such as power factor correction (PFC) air conditioning systems, domestic appliances, and power supply mechanisms for industrial machinery. For example, Toshiba Electronic Devices & Storage Corporation, an electronic devices manufacturer based in Japan, unveiled the GT30J65MRB in March 2023. This product is a 650 volts (V) discrete insulated gate bipolar transistor (IGBT), utilized as an inverter in air conditioning systems. The GT30J65MRB successfully improves switching losses, showcasing an enhancement of approximately 40% in comparison to its predecessors.
What Are the Key Segments in the Insulated Gate Bipolar Transistor (IGBT) Market?
The insulated gate bipolar transistor (IGBT) market covered in this report is segmented -
1) By Type: Discrete, Modular
2) By Power Rating: High Power, Medium Power, Low Power
3) By End-User: EV/HEV, Renewables, UPS, Rail, Motor Drives, Industrial, Commercial
Subsegments:
1) By Discrete: Standard Discrete IGBTs, High Voltage Discrete IGBTs, Low Voltage Discrete IGBTs
2) By Modular: IGBT Power Modules, Multi-chip IGBT Modules, Integrated Power Modules (IPM)
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Who Are the Key Players Shaping the Insulated Gate Bipolar Transistor (IGBT) Market's Competitive Landscape?
Major companies operating in the insulated gate bipolar transistor (IGBT) market 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., Applied Power Systems Inc., C&H Technology Inc., Darrah Electric Company, Dynex Semiconductor Ltd., Infineon Technologies AG, Jameco Electronics Co., Littelfuse Inc., Microsemi Corporation, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, Pow Inc., Sensitron Semiconductor Co., Silan Microelectronics Co. Ltd., STMicroelectronics N.V., Toshiba Corporation, Transphorm Inc., Vishay Intertechnology Inc., WeEn Semiconductors Co. Ltd., Wolfspeed Inc., Xilinx Inc., Yangzhou Yangjie Electronic Technology Co. Ltd.
What Geographic Markets Are Powering Growth in the Insulated Gate Bipolar Transistor (IGBT) Market?
Asia-Pacific was the largest region in the insulated gate bipolar transistor (IGBT) market in 2024. The regions covered in the insulated gate bipolar transistor (IGBT) market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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