PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532546
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1532546
Insulated-gate Bipolar Transistors (IGBTs) Market, By Type (Discrete IGBT, IGBT Module), By Power Rating (High Power, Medium Power, Low Power), By Application & Forecast, 2024 - 2032
Insulated-gate Bipolar Transistors Market size is anticipated to observe over 10% CAGR from 2024 to 2032 driven by widespread application in various high-power electronic systems. Insulated-gate bipolar transistors (IGBTs) are essential components in power electronics due to their ability to handle high voltage and current with improved efficiency and fast switching capabilities. They are also widely used in industrial equipment, such as motor drives, renewable energy systems, and power supplies, where reliable and efficient power control is important. For instance, in February 2024, Onsemi unveiled its 1200V SPM31 intelligent power modules (IPMs), featured with the latest Field Stop 7 IGBT technology.
Moreover, IGBTs also help in the power management systems of these vehicles for enabling efficient control of electric motor drives and battery charging. As the automotive industry shifts towards electrification to meet the environmental regulations and consumer demand for cleaner transportation options, the need for high-performance IGBTs will also increase.
The overall industry is segmented into type, power rating, application, and region.
Based on type, the market size from the discrete IGBT segment is slated to witness substantial growth rate during 2024-2032 due to their versatility and ease of integration into various electronic systems. Discrete IGBTs are favored for their ability to handle high voltage and current loads independently, making them ideal for applications that require reliable and precise power control, such as motor drives, power supplies, and industrial equipment.
With respect to application, the insulated-gate bipolar transistors industry from the energy & power segment will grow significantly through 2032. In energy applications, such as renewable energy systems, high-voltage power supplies, and grid infrastructure, IGBTs are essential for ensuring reliable and efficient power control. The strong ability to handle high power with low switching losses and high efficiency also makes them ideal for demanding applications.
North America IGBTs market is expected to expand at significant rate over 2024-2032 attributed to the strong focus on technological innovation and advanced manufacturing. These efforts are supported by significant investments in industries, such as automotive, aerospace, and industrial automation, which require high-performance power management solutions. Moreover, the push towards electric vehicles (EVs) and the expansion of smart grid technologies will add to the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2024-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growth in renewable energy installations
- 3.8.1.2 Advancements in automotive electrification
- 3.8.1.3 Expansion of industrial automation
- 3.8.1.4 Rise in smart grid infrastructure
- 3.8.1.5 Adoption of EVs and hybrid vehicles
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Concerns regarding reliability and durability over long-term usage
- 3.8.2.2 Regulatory hurdles and compliance requirements
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 Discrete IGBT
- 5.3 IGBT module
Chapter 6 Market Estimates & Forecast, By Power Rating, 2021 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 High power
- 6.3 Medium power
- 6.4 Low power
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Energy & power
- 7.3 Consumer electronics
- 7.4 Inverter & UPS
- 7.5 Electric vehicle
- 7.6 Industrial system
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Infineon Technologies AG
- 9.2 Renesas Electronics Corporation
- 9.3 Texas Instruments Incorporated
- 9.4 Analog Devices Inc.
- 9.5 Microchip Technology Inc.
- 9.6 NXP Semiconductors
- 9.7 Broadcom Inc.
- 9.8 Mitsubishi Electric Corporation
- 9.9 Toshiba Corporation
- 9.10 Vishay Intertechnology Inc.
