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Global Insulated-Gate Bipolar Transistors (IGBT) Market: By Type: Discrete, Module; By Power Rating; By Application: Electric Vehicle, Inverter and UPS, Railways, Renewable Energy, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Insulated-Gate Bipolar Transistors (IGBT) Market Outlook
The global insulated-gate bipolar transistors (IGBT) market attained USD 6.77 billion in 2022. The global IGBT market is expected to grow at a CAGR of 8% in the forecast period of 2023-2028 to attain USD 11.66 billion by 2028.
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Increase in Electric Vehicles to Aid the Market for Insulated-Gate Bipolar Transistors (IGBT)
Region-wise, the Asia Pacific is driving the market for IGBT at the fastest rate, driven by their growth in China. The increase in production of electric vehicles (EVs) allied with massive manufacturing capabilities is driving the demand for the IGBT market. IGBTs are an integral part of electric vehicles. Rise in sales of electric vehicles in Europe, North America and the Asia Pacific is creating new opportunities for the market of insulated-gate bipolar transistors (IGBT) to expand. Due to carbon emission regulation, a shift toward electric vehicles is the major driver of this market. Rising demand for hybrid vehicles is also driving this market currently and is projected to do so in the forecast period as well.
Insulated-Gate Bipolar Transistors (IGBT): Market Segmentation
IGBT is a power semiconductor that is used as an electronic switch device. It is also known as a minority carrier device that enables faster switching and offers greater efficiency. It is a cost-effective solution designed to substitute MOSFET, which is compatible with higher voltage and current. It helps in energy conservation in electric devices, such as consumer electronics and electric vehicles.
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On the basis of type, the market is bifurcated into:
- Discrete
- Module
In terms of power rating, the market is segmented into:
- High Power
- Medium Power
- Low Power
The market is divided by application into:
- Electric Vehicle
- Inverter and UPS
- Railways
- Renewable Energy
- Consumer Electronics
- Industrial Manufacturing
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Shift to Hybrid Vehicles and Smart Grids to Drive the Insulated-Gate Bipolar Transistors (IGBT) Industry
Increasing concerns over carbon emissions and depleting natural resources have led countries all over the world to invest in and increase the manufacturing of hybrid and electric vehicles. Since IGBTs are an integral component of these, hence the market is driven by the rise of electric vehicles. IGBTs are used for flexible and better control at high voltage. The shift towards smart grids is also driving the market for IGBTs. Based on power rating, the high voltage segment is expected to lead the market during the forecast period, while the discrete segment is expected to rise in terms of type. This is expected to aid the market growth.
Key Industry Players in the Global Insulated-Gate Bipolar Transistors (IGBT) Market
The report gives a detailed analysis of the following key players in the global insulated-gate bipolar transistors (IGBT) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Infineon Technologies AG
- ROHM Co., Ltd
- Fuji Electric Co., Ltd
- Renesas Electronics Corporation
- Toshiba Electronic Devices & Storage Corporation
- Hitachi Power Semiconductor Device, Ltd.
- STMicroelectronics International N.V.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Power Rating, Application, Region |
| Breakup by Type | Discrete, Module |
| Breakup by Power Rating | High Power, Medium Power, Low Power |
| Breakup by Application | Electric Vehicle, Inverter and UPS, Railways, Renewable Energy, Consumer Electronics, Industrial Manufacturing, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Infineon Technologies AG, ROHM Co., Ltd, Fuji Electric Co., Ltd, Renesas Electronics Corporation, Toshiba Electronic Devices & Storage Corporation, Hitachi Power Semiconductor Device, Ltd., STMicroelectronics International N.V., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
8.1 Key Industry Highlights
8.2 Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market (2018-2022)
8.3 Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast (2023-2028)
8.4 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Type
8.4.1 Discrete
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Module
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Power Rating
8.5.1 High Power
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Medium Power
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Low Power
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Application
8.6.1 Electric Vehicle
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Inverter and UPS
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Railways
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Renewable Energy
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Consumer Electronics
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Industrial Manufacturing
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Insulated- Gate Bipolar Transistors (IGBT) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Infineon Technologies AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 ROHM Co., Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fuji Electric Co., Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Renesas Electronics Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Toshiba Electronic Devices & Storage Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hitachi Power Semiconductor Device, Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 STMicroelectronics International N.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Insulated-Gate Bipolar Transistors (IGBT) Market: Key Industry Highlights, 2018 and 2028
2. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Power Rating (USD Million), 2018-2022
5. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Power Rating (USD Million), 2023-2028
6. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Insulated-Gate Bipolar Transistors (IGBT) Market Structure
Key Questions Answered in the Report
In 2022, the global insulated-gate bipolar transistors (IGBT) market attained a value of nearly USD 6.77 billion.
The market is projected to grow at a CAGR of 8% between 2023 and 2028.
The major drivers of the market include the shift towards smart grids, rise in sales of electric vehicles, improvement in power transmission and use of renewable energy, increasing investment and increasing government initiatives.
Increasing concerns over carbon emissions and an increase in the manufacturing of hybrid and electric vehicles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Discrete and module are the types studied in the market.
In terms of power rating, the market is segmented into high power, medium power, and low power.
The major applications include electric vehicle, inverter and UPS, railways, renewable energy, consumer electronics, and industrial manufacturing, among others.
The major players in the industry are Infineon Technologies AG, ROHM Co., Ltd, Fuji Electric Co., Ltd, Renesas Electronics Corporation, Toshiba Electronic Devices & Storage Corporation, Hitachi Power Semiconductor Device, Ltd., and STMicroelectronics International N.V., among others.
Analyst Review
The global insulated-gate bipolar transistors (IGBT) market attained a value of nearly USD 6.77 billion in 2022, driven by the increase in the manufacturing of hybrid and electric vehicles. Aided by the shift towards smart grids and increasing concerns over carbon emissions, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 8%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Discrete and module are the types studied in the market. In terms of power rating, the market is segmented into high power, medium power, and low power. The major applications include electric vehicle, inverter and UPS, railways, renewable energy, consumer electronics, and industrial manufacturing, among others. The major regional markets for the insulated-gate bipolar transistors (IGBT) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Infineon Technologies AG, ROHM Co., Ltd, Fuji Electric Co., Ltd, Renesas Electronics Corporation, Toshiba Electronic Devices & Storage Corporation, Hitachi Power Semiconductor Device, Ltd., and STMicroelectronics International N.V., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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