Press release
Insulated Gate Bipolar Transistor (IGBT) Market - Steady Technological Advancement Crucial in Securing Government Support
IGBT is sold either as discrete device or as a module. The major applications of IGBT include motor drives, inverters, uninterruptible power supply (UPS), electric and hybrid electric vehicles (EV/HEV), industrial systems, consumer electronics, and medical devices. Green energy sector including wind turbines and solar photovoltaic (PV) in particular gaining significant growth in demand driven by rapid growth in green energy market itself that is leading to more wind turbine installations and more PV inverters being sold. Moreover, demand for EV/HEV is gaining significant traction and is expected to lead to high growth of IGBT market in coming future.
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Over the coming years, the replacement of aging power infrastructure in developed regions and increased demand for smart grids would further boost the demand of IGBT and represents a significant opportunity. A major challenge to growth of IGBT is higher cost of the device as compared to power MOSFETs. Europe was the leading market for IGBT followed by Asia Pacific. North America is witnessing significant growth in demand owing to growth of green energy and EV/HEV markets.
Some of the key players in IGBT market include Infineon Technologies AG, Fujitsu Ltd., NXP Semiconductors N.V., STMicroelectronics N.V., Toshiba Corporation, Vishay Intertechnology, Inc., Renesas Electronics Corporation, ROHM Co. Ltd., Fairchild Semiconductor International, Inc., and Fuji Electric Co. Ltd among others.
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