IGBT Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction • Global Insulated-Gate Bipolar Transistors (IGBTs) Market is expected to garner $11 billion by 2022. IGBT is a type of power semiconductor that is used as an electronic switch device. • The world IGBT market is expected to witness moderate growth in the near future, owing to high-speed switching rate and optimized power loss. • Increasing demand for electric vehicle and aggrandized need for high voltage operating devices have led to higher adoption of IGBT in energy & power, automotive, consumer electronics, and industries. • Asia-Pacific dominates the global market, accounting for more than 50% revenue share of the overall IGBT market, followed by Europe.
Key Factors of the Market • Rise in demand for higher efficiency, faster switching, and minimal power loss are some of the key driving factors of the market. • Discrete IGBT segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency. • Moreover, aggrandized need for high voltage operating device is expected to provide huge opportunities to the market players.
• Increasing demand for electric vehicle and aggrandized need for high voltage operating devices have led to higher adoption of IGBT in energy & power, automotive, consumer electronics, and industries.
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Key Benefits of the Market • In 2014, IGBT module type segment dominated the overall IGBT market in terms of revenue, and is projected to grow at a CAGR of 10.3% during the forecast period • High power segment is projected to grow at a CAGR of 10.8% during the forecast period • Electric vehicle segment is expected to exhibit the fastest growth during the forecast period, owing to increasing applications of IGBT in e-bikes and e-cars
• Japan is the major shareholder in the Asia-Pacific IGBT market, accounting for about 34% share
Market Segmentation
Key Players of the Market • • • • • • • • • •
ABB Group STMicroelectronics N.V. Toshiba Corporation IXYS Corporation Renesas Electronics Corp Semikron International GmbH Mitsubishi Electric Corp. Infineon Technologies AG Fuji Electric Co. Ltd.and NXP Semiconductors N.V.
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