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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 (2016-2026); 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 5.8 billion in 2020. The global IGBT market is expected to grow at a CAGR of 8% in the forecast period of 2021-2026 to attain USD 10 billion by 2026.
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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): Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Insulated-Gate Bipolar Transistors (IGBT) Market Analysis
8.1 Key Industry Highlights
8.2 Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market (2016-2020)
8.3 Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast (2021-2026)
8.4 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Type
8.4.1 Discrete
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Module
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Power Rating
8.5.1 High Power
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Medium Power
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Low Power
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.6 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Application
8.6.1 Electric Vehicle
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Inverter and UPS
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Railways
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Renewable Energy
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Consumer Electronics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2016-2020)
8.6.5.3 Forecast Trend (2021-2026)
8.6.6 Industrial Manufacturing
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2016-2020)
8.6.6.3 Forecast Trend (2021-2026)
8.6.7 Others
8.7 Global Insulated-Gate Bipolar Transistors (IGBT) Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Infineon Technologies AG
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 ROHM Co., Ltd
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Fuji Electric Co., Ltd
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Renesas Electronics Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Toshiba Electronic Devices & Storage Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Hitachi Power Semiconductor Device, Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 STMicroelectronics International N.V.
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Insulated-Gate Bipolar Transistors (IGBT) Market: Key Industry Highlights, 2016 and 2026
2. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Type (USD Million), 2016-2020
3. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Type (USD Million), 2021-2026
4. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Power Rating (USD Million), 2016-2020
5. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Power Rating (USD Million), 2021-2026
6. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Application (USD Million), 2016-2020
7. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Application (USD Million), 2021-2026
8. Global Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Region (USD Million), 2016-2020
9. Global Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Region (USD Million), 2021-2026
10. North America Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2016-2020
11. North America Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Europe Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2016-2020
13. Europe Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Asia Pacific Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2016-2020
15. Asia Pacific Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Latin America Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2016-2020
17. Latin America Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Middle East and Africa Insulated-Gate Bipolar Transistors (IGBT) Historical Market: Breakup by Country (USD Million), 2016-2020
19. Middle East and Africa Insulated-Gate Bipolar Transistors (IGBT) Market Forecast: Breakup by Country (USD Million), 2021-2026
20. Global Insulated-Gate Bipolar Transistors (IGBT) Market Structure
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