PUBLISHER: Value Market Research | PRODUCT CODE: 1578265
PUBLISHER: Value Market Research | PRODUCT CODE: 1578265
The global demand for Insulated-Gate Bipolar Transistors (IGBTs) Market is presumed to reach the market size of nearly USD 45.47 Billion by 2032 from USD 18.3 Billion in 2023 with a CAGR of 10.64% under the study period 2024-2032.
An insulated-gate bipolar transistor (IGBT) is a power switching transistor that combines the features of MOSFETs and BJTs. It consists of four alternating layers (P-N-P-N) controlled by a metal-oxide-semiconductor (MOS) gate structure. It is used in power supply, motor control circuits, and power electronics applications, such as inverters and converters. The main benefit of using the IGBT over other transistor devices is its high voltage capability, low ON-resistance, ease of drive, and relatively fast switching speeds. It's a good choice for moderate speed and high voltage applications such as pulse-width modulated (PWM), variable speed control, frequency converter applications operating in the hundreds of kilohertz range, and switch-mode power supplies or solar-powered DC-AC inverter.
The global insulated-gate bipolar transistors (IGBTs) market is forecasted to grow considerably during the forecast period. The rising trend of smart homes, smart cities, increasing demand for electric vehicles, and the need for high voltage operating devices are expected to swell demand for insulated-gate bipolar transistors (IGBTs). Insulated-gate bipolar transistors (IGBTs) have become a successful device due to their superior features. High-speed switching rate and optimized power loss, ease-of-control at high voltage, as it enables higher frequency with enhanced efficiency, has caused increased deployment of IGBTs into grid infrastructure. Smart grids are replacing old grid networks; this will create opportunities for the market. However, current leakage at high temperatures hampers the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Insulated-Gate Bipolar Transistors (IGBTs). The growth and trends of Insulated-Gate Bipolar Transistors (IGBTs) industry provide a holistic approach to this study.
This section of the Insulated-Gate Bipolar Transistors (IGBTs) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Insulated-Gate Bipolar Transistors (IGBTs) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Insulated-Gate Bipolar Transistors (IGBTs) market include Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors, ON Semiconductor Corporation, Renesas Electronics Corporation, Texas Instruments Incorporated, Toshiba Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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