Our team of research analysts at IndustryARC has released a report on IGBT market, the size of which is estimated to be between $4 billion to $5 billion. Our analysts have covered many aspects of the market including recent trends, key drivers, developments, and other important information. According to the report, the insulated gate bipolar market is set to grow at a stable CAGR of approximately 8% during the forecast period of 2019 to 2025. Geographically, Asia Pacific has emerged as the primary region, whereas the transportation sector has been identified by the analyst at the key end-user industry segment, the demand for which is set for more than 13% CAGR over the course for the forecast period.
The report is titled ‘Insulated Gate Bipolar Transistor Market: By End-Use Industry (Consumer Electronics, Industrial Motor drives, Inverters & UPS, Automotive (Electric & Hybrid Vehicles), HVAC, Renewable Energy and Others) & Geography - Forecast(2018 - 2023)’ . This report covers IGBT market Size by end-use industry, IGBT market share by top 5 companies and also the market share by start-ups during the forecast period.
View Full Table of Contents of IGBT Market:
https://www.industryarc.com/Report/15423/insulated-gate-bipolar-transistor-igbt-market.html
Report Price (Single User): US $3850
Insulated gate bipolar transistor is a power semiconductor device used in various applications. Since these are not sold in everyday stores, it is hard for a layperson to predict where they might be actually used. But most technological devices that we use utilize IGBT’s application. IGBTs are used in air conditioners for adjusting speed motors, fluorescent light bulbs, mobile phones, plasma TV screens, etc.
Global IGBT Market: Competitive Landscape
ABB
ABB is a company operating in fields related to robotics, automation, electrical equipment and headquartered in Zurich, Switzerland. Based on revenue, it is the fifth largest company in Switzerland and earned around $31.42 billion in 2017. ABB produces insulated gate bipolar transistors of the highest quality and sells IGBT power modules in different specifications. Some of these are single IGBT available from 1700-6500 volt, dual IGBT, and others. ABB has introduced a new prototype of IGBT module which features high power, and an unmatchable Safe Operating Area (SOA.)
Infineon Technologies
Headquartered in Germany, Infineon Technologies is a company that manufactures semiconductors for Automotive and Power Management Industries. The company manufactures ‘Discrete IGBT’ for application in solar inverters. UPS, induction heating, welding, and home appliances. Discrete IGBT are sold in combinations containing single IGBT, and a freewheeling diode which provides maximized efficiency.
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Global IGBT Market: Demand Analysis and Latest Developments
Power is a mandatory asset to have and affects the day-to-day functioning of human life. According to our analyst, the leading companies in insulated gate bipolar transistor market are ABB, Infineon, Fuji Electric, Hitachi, Cree, On Semiconductor, STMicroelectronics, Mitsubishi, Toshiba, Ixys, Rohm Semiconductor, CRRC, Alpha and Omega Semiconductor, Dynex, BYD.
Replacement of old infrastructures in first-world countries is driving the market growth of IGBT as installation of equipment with higher thermal capacity requires technology like IGBT. It is also efficient in accentuating the performance of electronic devices like electric cars which lead to increased demand.
IGBT market will continue to grow because the world is consistently progressing towards technological advancement. Every kind of technology requires a semiconductor, and we are living in a time when all electronic devices highly rely on semiconductors like IGBT to function with maximum performance.
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