Report Code: CMI43473

Published Date: March 2024

Pages: 320+

Category: Industrial Automation And Equipment

Report Snapshot

CAGR: 7.6%
7.6B
2023
8.1B
2024
15.8B
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Infineon Technologies AG
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd.
  • ON Semiconductor Corporation
  • ABB Ltd.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Insulated Gate Bipolar Transistors Market is expected to record a CAGR of 7.6% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 8.1 Billion. By 2033, the valuation is anticipated to reach USD 15.8 Billion.

The Insulated Gate Bipolar Transistors market is a dynamic sector witnessing robust growth driven by its pivotal role in power electronics. IGBTs facilitate efficient control and conversion of electrical power across applications such as automotive, industrial machinery, renewable energy systems, and consumer electronics.

Technological advancements, including the integration of advanced materials, contribute to enhanced performance. The market’s trajectory is further propelled by the surge in electric vehicle adoption, the push for energy-efficient solutions, and the global emphasis on renewable energy, underscoring IGBTs’ significance in modern power management and conversion applications.

Insulated Gate Bipolar Transistors Market – Significant Growth Factors

The Insulated Gate Bipolar Transistors Market presents significant growth opportunities due to several factors:

  • Electrification of Vehicles: The increasing demand for electric and hybrid vehicles is a significant driver. IGBTs play a crucial role in power inverters for electric drivetrains, contributing to the automotive industry’s electrification efforts.
  • Renewable Energy Integration: The growing emphasis on renewable energy sources, such as solar and wind, propels the demand for IGBTs in inverters. Their efficient power conversion supports the integration of renewable energy into the electrical grid.
  • Industrial Automation and Motor Drives: The adoption of IGBTs in industrial machinery and automation systems for motor drives enhances operational efficiency. These transistors contribute to precise control and energy management in industrial processes.
  • Smart Grid Development: The development of smart grids, aiming for improved energy distribution and efficiency, drives the demand for IGBTs. Their role in power electronics supports grid stabilization and enhances the reliability of electrical networks.
  • Expansion in Electric Vehicle Charging Infrastructure: The increasing focus on electric vehicles presents an opportunity for IGBTs in charging infrastructure. The expansion of charging stations requires advanced power electronics, positioning IGBTs as key components in charging systems.
  • Integration of IGBTs in IoT Devices: The emerging trend of IoT (Internet of Things) devices presents an opportunity for IGBTs in various applications. As IoT devices become more prevalent, IGBTs can find applications in smart home systems, industrial IoT, and other connected devices, creating new market opportunities.

Insulated Gate Bipolar Transistors Market – Mergers and Acquisitions

The Insulated Gate Bipolar Transistors Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Insulated Gate Bipolar Transistors Market include:

  • In 2023, Toshiba Electronic Devices & Storage Corporation launched the “GT30J65MRB,” a 650V discrete insulated gate bipolar transistor (IGBT) designed for power factor correction (PFC) circuits in air conditioners and industrial power supplies. It marks Toshiba’s inaugural IGBT for PFC operating below 60 kHz, achieved through minimized switching loss, specifically turn-off switching loss, enabling more efficient higher-frequency operations in these applications.
  • In 2022, Renesas Electronics introduced a new generation of compact, high-voltage IGBTs aimed at enhancing the power electronics essential for Electric Vehicles (EVs). With current ratings reaching 300 A and voltage tolerance up to 1,200 V, the AE5 series enables automakers to optimize battery efficiency, leading to power savings and increased EV range.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Insulated Gate Bipolar Transistors Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Insulated Gate Bipolar Transistors Market Electrical Submersible Pump Market India Hydrological and Meteorological Equipment Market
CAGR 7.6% (Approx) CAGR 6.1% (Approx) CAGR 5.62% (Approx)
USD 15.8 Billion by 2033 USD 31.5 Billion by 2032 USD 329.3 Million by 2032

Insulated Gate Bipolar Transistors Market – Significant Threats

The Insulated Gate Bipolar Transistors Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Global Semiconductor Shortages: The ongoing semiconductor shortages pose a significant threat to the IGBT market, affecting production capabilities. Supply chain disruptions can lead to increased lead times, higher costs, and potential delays in meeting market demand.
  • Intense Market Competition: Intense competition among IGBT manufacturers may result in pricing pressures and reduced profit margins. The constant drive for innovation and cost-effective solutions poses challenges for companies to maintain market share and profitability.
  • Technological Shifts to Wide-Bandgap Semiconductors: The emergence of wide-bandgap semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN), poses a threat to traditional IGBTs. These alternatives offer advantages like higher efficiency and faster switching speeds, potentially diverting market demand away from conventional IGBTs.
  • Economic Downturns and Reduced Capital Spending: Economic downturns and reduced capital spending by industries, especially in the automotive and manufacturing sectors, can lead to a decrease in demand for IGBTs. Such macroeconomic challenges may impact the market’s growth.
  • Stringent Environmental Regulations: Increasing environmental regulations and mandates for energy efficiency may pose challenges for IGBT manufacturers. Meeting stringent standards requires continuous innovation and adherence to evolving environmental norms, potentially impacting production processes and costs.

Global Insulated Gate Bipolar Transistors Market 2024–2033 (By Type)

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Category-Wise Insights:

By Type

  • Discrete IGBT: Discrete IGBTs are standalone components, often used for specific applications. These individual transistors provide flexibility in design and application, making them suitable for various power electronics devices. Trends include a focus on enhancing performance parameters, such as switching speed and power density, to meet diverse application requirements.
  • Modular IGBT: Modular IGBTs are integrated units comprising multiple IGBT modules in a single package. These modules offer simplified assembly and increased power handling capacity, making them ideal for high-power applications. Trends involve advancements in module design for improved thermal management and reliability, catering to the demand for efficient and compact power solutions.

By Application

  • Consumer Electronics: IGBTs in consumer electronics enable efficient power control in devices like TVs and audio systems. Trends involve the miniaturization of IGBTs for compact devices, enhancing energy efficiency, and supporting the demand for smart home solutions.
  • Industrial Equipment: In industrial applications, IGBTs drive motor control and power conversion. Trends include advancements in industrial automation, emphasizing IGBTs’ role in smart manufacturing and energy-efficient machinery, contributing to improved operational efficiency.
  • Renewable Energy: IGBTs play a vital role in renewable energy inverters, supporting the integration of solar and wind power. Trends focus on enhancing power conversion efficiency, reducing losses, and addressing the increasing demand for clean energy solutions.
  • Automotive: In automotive applications, IGBTs power inverters for electric and hybrid vehicles. Trends involve the electrification of vehicles, advancements in electric drivetrains, and the integration of IGBTs in charging infrastructure, supporting the global shift towards sustainable transportation.
  • Others: Diverse applications include medical devices, aerospace, and telecommunications. Trends encompass the customization of IGBTs for specific niche applications, ensuring reliability and performance in specialized industries beyond the core segments.

Global Insulated Gate Bipolar Transistors Market 2024–2033 (By Power Rating)

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By Power Rating

  • Low Power (Below 300V): Low-power IGBTs, operating below 300V, find applications in consumer electronics and small-scale industrial devices. These transistors provide energy-efficient solutions for devices such as audio systems and home appliances. A trend in this segment involves continuous miniaturization, enabling compact and power-efficient electronic devices for the consumer market.
  • Medium Power (300V-1.7kV): Medium-power IGBTs, ranging from 300V to 1.7kV, cater to industrial machinery and motor drives. Trends include increased adoption in manufacturing automation, electric vehicles, and renewable energy systems. These transistors enable precise control in diverse applications, contributing to the efficiency of medium-power industrial processes.
  • High Power (Above 1.7kV): High-power IGBTs, operating above 1.7kV, play a crucial role in high-voltage applications such as large industrial machinery, electric power transmission, and renewable energy inverters. A trend in this segment involves advancements in materials like silicon carbide (SiC) and gallium nitride (GaN) for higher efficiency and power density, addressing the demands of high-power applications.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 8.1 Billion
Projected Market Size in 2033 USD 15.8 Billion
Market Size in 2023 USD 7.6 Billion
CAGR Growth Rate 7.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application, Power Rating and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Insulated Gate Bipolar Transistors Market – Regional Analysis

The IGBT Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, a discernible trend is the widespread adoption of Insulated Gate Bipolar Transistors (IGBTs) within the burgeoning electric vehicle (EV) infrastructure. With a pronounced shift towards sustainable transportation, there has been a substantial surge in the deployment of electric vehicle charging stations. This surge, in turn, propels the demand for IGBTs as integral components in power electronics solutions. As the region embraces eco-friendly mobility solutions, the trajectory of IGBT utilization is increasingly intertwined with the expansion of efficient energy conversion systems in the evolving EV landscape.
  • Europe: Within Europe, a prevailing trend centers on the seamless integration of IGBTs into the fabric of smart grid technologies. The region places a significant emphasis on optimizing energy distribution networks for heightened efficiency and reliability. Consequently, the integration of IGBTs into smart grids becomes instrumental in stabilizing electrical grids and facilitating the seamless integration of renewable energy sources. This trend is closely aligned with Europe’s unwavering commitment to sustainable energy practices and the continuous advancement of its smart infrastructure landscape.
  • Asia-Pacific: The Asia-Pacific region stands witness to a transformative trend marked by the rapid proliferation of industrial automation. As manufacturing processes evolve toward the tenets of Industry 4.0, IGBTs assume a pivotal role in the heart of motor drives and automation systems. The relentless pursuit of energy-efficient solutions for industrial applications drives the adoption of IGBTs. This dynamic and expansive market showcases a growing demand for IGBTs, positioning them as indispensable components in the burgeoning landscape of industrial automation across diverse sectors.
  • Latin America, Middle East, and Africa (LAMEA): In the Latin America, Middle East, and Africa (LAMEA) region, a prominent trend is unfolding in the form of increased integration of IGBTs within renewable energy projects. Governments across LAMEA are directing substantial investments towards sustainable development, particularly in solar and wind power initiatives. In this context, IGBTs play a pivotal role in the design and operation of inverters for renewable energy systems. This strategic alignment underscores the region’s commitment to clean energy initiatives and positions IGBTs as indispensable elements in driving the transition towards sustainable and eco-friendly power solutions.

Global Insulated Gate Bipolar Transistors Market 2024–2033 (By Billion)

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Competitive Landscape – Insulated Gate Bipolar Transistors (IGBT) Market

The Insulated Gate Bipolar Transistors (IGBT) Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Infineon Technologies AG
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd.
  • ON Semiconductor Corporation
  • ABB Ltd.
  • Fairchild Semiconductor International Inc.
  • STMicroelectronics N.V.
  • Vishay Intertechnology Inc.
  • Renesas Electronics Corporation
  • Toshiba Corporation
  • ROHM Co. Ltd.
  • Semikron International GmbH
  • IXYS Corporation
  • Danfoss A/S
  • ON Semiconductor Corporation
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Emerging players like Wolfspeed, SiCrystal, and Power Integrations are leveraging innovation to penetrate the Insulated Gate Bipolar Transistor market. They focus on advanced materials like silicon carbide (SiC) and gallium nitride (GaN) for improved efficiency and performance, particularly in high-power applications.

These entrants emphasize compact designs and sustainable solutions to carve a niche in the competitive landscape. Established market leaders such as Infineon Technologies, Mitsubishi Electric, and ABB dominate the IGBT market. Their stronghold is maintained through extensive R&D investments, strategic collaborations, and a diverse product portfolio.

These key players continuously introduce cutting-edge technologies, address evolving market demands, and maintain a robust global presence, solidifying their leadership positions in the dynamic and evolving IGBT market.

The Insulated Gate Bipolar Transistors Market is segmented as follows:

By Type

  • Discrete IGBT
  • Modular IGBT

By Application

  • Consumer Electronics
  • Industrial Equipment
  • Renewable Energy
  • Automotive
  • Others

By Power Rating

  • Low Power (Below 300V)
  • Medium Power (300V-1.7kV)
  • High Power (Above 1.7kV)

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Insulated Gate Bipolar Transistors  Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Insulated Gate Bipolar Transistors  Market: snapshot
  • Chapter 3. Global Insulated Gate Bipolar Transistors  Market – Industry Analysis
    • 3.1 Insulated Gate Bipolar Transistors  Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Electrification of Vehicles
      • 3.2.2 Renewable Energy Integration
      • 3.2.3 Industrial Automation and Motor Drives
      • 3.2.4 Smart Grid Development
      • 3.2.5 Expansion in Electric Vehicle Charging Infrastructure
      • 3.2.6 Integration of IGBTs in IoT Devices.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Power Rating
  • Chapter 4. Global Insulated Gate Bipolar Transistors  Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Insulated Gate Bipolar Transistors  Market: company market share, 2024
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and Joint Ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Insulated Gate Bipolar Transistors  Market – Type Analysis
    • 5.1 Global Insulated Gate Bipolar Transistors  Market Overview: By Type
      • 5.1.1 Global Insulated Gate Bipolar Transistors  Market Share, By Type, 2024 and – 2033
    • 5.2 Discrete IGBT
      • 5.2.1 Global Insulated Gate Bipolar Transistors  Market by Discrete IGBT, 2024 – 2033 (USD Billion)
    • 5.3 Modular IGBT
      • 5.3.1 Global Insulated Gate Bipolar Transistors  Market by Modular IGBT, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Insulated Gate Bipolar Transistors  Market – Application Analysis
    • 6.1 Global Insulated Gate Bipolar Transistors  Market Overview: By Application
      • 6.1.1 Global Insulated Gate Bipolar Transistors  Market Share, By Application, 2024 and – 2033
    • 6.2 Consumer Electronics
      • 6.2.1 Global Insulated Gate Bipolar Transistors  Market by Consumer Electronics, 2024 – 2033 (USD Billion)
    • 6.3 Industrial Equipment
      • 6.3.1 Global Insulated Gate Bipolar Transistors  Market by Industrial Equipment, 2024 – 2033 (USD Billion)
    • 6.4 Renewable Energy
      • 6.4.1 Global Insulated Gate Bipolar Transistors  Market by Renewable Energy, 2024 – 2033 (USD Billion)
    • 6.5 Automotive
      • 6.5.1 Global Insulated Gate Bipolar Transistors  Market by Automotive, 2024 – 2033 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Insulated Gate Bipolar Transistors  Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Insulated Gate Bipolar Transistors  Market – Power Rating Analysis
    • 7.1 Global Insulated Gate Bipolar Transistors  Market Overview: By Power Rating
      • 7.1.1 Global Insulated Gate Bipolar Transistors  Market Share, By Power Rating, 2024 and – 2033
    • 7.2 Low Power (Below 300V)
      • 7.2.1 Global Insulated Gate Bipolar Transistors  Market by Low Power (Below 300V), 2024 – 2033 (USD Billion)
    • 7.3 Medium Power (300V-1.7kV)
      • 7.3.1 Global Insulated Gate Bipolar Transistors  Market by Medium Power (300V-1.7kV), 2024 – 2033 (USD Billion)
    • 7.4 High Power (Above 1.7kV)
      • 7.4.1 Global Insulated Gate Bipolar Transistors  Market by High Power (Above 1.7kV), 2024 – 2033 (USD Billion)
  • Chapter 8. Insulated Gate Bipolar Transistors  Market – Regional Analysis
    • 8.1 Global Insulated Gate Bipolar Transistors  Market Regional Overview
    • 8.2 Global Insulated Gate Bipolar Transistors  Market Share, by Region, 2024 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Insulated Gate Bipolar Transistors  Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Insulated Gate Bipolar Transistors  Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033
      • 8.4.1 North America Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033 (USD Billion)
    • 8.5 North America Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033
      • 8.5.1 North America Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033 (USD Billion)
    • 8.6 North America Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033
      • 8.6.1 North America Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Insulated Gate Bipolar Transistors  Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Insulated Gate Bipolar Transistors  Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033
      • 8.8.1 Europe Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033 (USD Billion)
    • 8.9 Europe Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033
      • 8.9.1 Europe Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033 (USD Billion)
    • 8.10 Europe Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033
      • 8.10.1 Europe Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Insulated Gate Bipolar Transistors  Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033
      • 8.12.1 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033
      • 8.13.1 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033
      • 8.14.1 Asia Pacific Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Insulated Gate Bipolar Transistors  Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Insulated Gate Bipolar Transistors  Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033
      • 8.16.1 Latin America Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033
      • 8.17.1 Latin America Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033
      • 8.18.1 Latin America Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Type, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Application, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Insulated Gate Bipolar Transistors  Market, by Power Rating, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Infineon Technologies AG
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Mitsubishi Electric Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Fuji Electric Co. Ltd.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ON Semiconductor Corporation
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 ABB Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Fairchild Semiconductor International Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 STMicroelectronics N.V.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Vishay Intertechnology Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Renesas Electronics Corporation
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Toshiba Corporation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 ROHM Co. Ltd.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Semikron International GmbH
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 IXYS Corporation
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Danfoss A/S
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 ON Semiconductor Corporation
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments

List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Infineon Technologies AG
  • Mitsubishi Electric Corporation
  • Fuji Electric Co. Ltd.
  • ON Semiconductor Corporation
  • ABB Ltd.
  • Fairchild Semiconductor International Inc.
  • STMicroelectronics N.V.
  • Vishay Intertechnology Inc.
  • Renesas Electronics Corporation
  • Toshiba Corporation
  • ROHM Co. Ltd.
  • Semikron International GmbH
  • IXYS Corporation
  • Danfoss A/S
  • ON Semiconductor Corporation
  • Others

FAQs

The key factors driving the Market are Electrification of Vehicles, Renewable Energy Integration, Industrial Automation and Motor Drives, Smart Grid Development, Expansion in Electric Vehicle Charging Infrastructure, Integration of IGBTs in IoT Devices.

The “Consumer Electronics” had the largest share in the global market for Insulated Gate Bipolar Transistors (IGBT).

The “Discrete IGBT” category dominated the market in 2023.

The key players in the market are Infineon Technologies AG, Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., ON Semiconductor Corporation, ABB Ltd., Fairchild Semiconductor International Inc., STMicroelectronics N.V., Vishay Intertechnology Inc., Renesas Electronics Corporation, Toshiba Corporation, ROHM Co. Ltd., Semikron International GmbH, IXYS Corporation, Danfoss A/S, ON Semiconductor Corporation, Others.

“Asia-Pacific” had the largest share in the Insulated Gate Bipolar Transistors (IGBT) Market.

The global market is projected to grow at a CAGR of 7.6% during the forecast period, 2024-2033.

The Insulated Gate Bipolar Transistors (IGBT) Market size was valued at USD 8.1 Billion in 2024.

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