Insulated Gate Bipolar Transistors Market Introduction and Overview
According to SPER Market Research, the Global Insulated Gate Bipolar Transistors Market is estimated to reach USD 15.56 billion by 2033 with a CAGR of 7.71%.
The report includes an in-depth analysis of the Global Insulated Gate Bipolar Transistors Market, including market size and trends, product mix, Applications, and supplier analysis. Insulated gate bipolar transistors (IGBTs) serve an important role in a wide range of sectors because of their ability to efficiently control high to medium-voltage circuits. IGBTs are mostly used to quickly turn on and off in order to create complicated waveforms. This capability is especially helpful in sound systems' switching amplifiers, where precise control over electrical signals is necessary to produce the best possible audio quality. The capacity of IGBTs to function as switches, which permits the exact control of inputs using a combination of isolated gate FETs, is a major component of industrial control systems. IGBTs also show great performance and dependability in high-voltage applications such as traction motors and induction heaters. Large current and voltage demands can be handled by IGBT modules, which are made up of several devices connected in parallel.
- In November 2022, NXP Semiconductor introduced the new S32K39 series of automotive microcontrollers (MCUs) designed for EV control applications. With their high-speed and high-resolution control capabilities, these cutting-edge S32K39 MCUs are built to drive electrification into the future. They increase power efficiency, increase driving range, and provide a smoother EV driving experience.
- In February 2021, Infineon Technologies AG debuted the 650 V CoolSiC Hybrid IGBT line. This cutting-edge transistor combines the advantages of technology like Schottky barrier CoolSiC diodes and 650 V TRENCHSTOP 5 IGBT. It has a blocking voltage of 650 V.
- In October 2020, Microchip Technology Inc. announced the acquisition of Tekron International Limited, a global leader in high-precision GPS and atomic clock time-keeping technology, as well as solutions for smart grid and industrial applications.
Market Opportunities and Challenges
During the projected period, technical advancements in power electronics and the implementation of smart grids create important and lucrative opportunities for market players in the insulated gate bipolar transistors market. These developments are changing the way power is distributed and managed, improving energy systems' flexibility, dependability, and efficiency. The creation of more effective and compact IGBTs is made possible by the advancement of power electronics technology, which includes improvements in semiconductor materials, packaging methods, and device topologies. Furthermore, the opportunity for the adoption of IGBT-based solutions are created by the deployment of smart grids, which incorporate cutting-edge control, monitoring, and communication technologies into traditional power distribution networks. Smart grids improve load balancing, fault detection, and grid stability by enabling real-time monitoring and optimization of electricity generation, transmission, and consumption.
The insulated gate bipolar transistors market faces numerous hurdles that may impede its growth during the projected period. One significant impediment to adoption, particularly for consumers and organizations on a tight budget, is the high cost of IGBT devices. Some potential customers may be discouraged from using IGBT-based solutions due to the initial investment required, especially in industries where costs are critical. Moreover, a noteworthy obstacle is the deficiency of knowledge among enterprises and customers concerning the advantages and uses of IGBTs. It's possible that a large number of prospective customers are unaware of the benefits that IGBTs provide in terms of power control, energy efficiency, and long device lifespan. IGBT-based goods and solutions may see slower adoption rates and less market penetration as a result of this ignorance.
Market Competitive Landscape
The market for insulated gate bipolar transistors is competitive and fragmented, with several notable companies operating in it. Several leading companies in the industry include ABB, Mitsubishi Electric, Infineon Technologies, Fuji Electric, Semikron, NXP Semiconductors, Rohm Semiconductor, STMicroelectronics, On Semiconductor, Littelfuse, Toshiba Corporation, Renesas Electronics Corporation, Texas Instruments Incorporated, and IXYS Corporation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Power Rating, By Application
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
|
| Companies Covered | ABB, Mitsubishi Electric, Infineon Technologies, Fuji Electric, Semikron, NXP Semiconductors, Rohm Semiconductor, STMicroelectronics, On Semiconductor, Littelfuse, Toshiba Corporation, Renesas Electronics Corporation, Texas Instruments Incorporated, IXYS Corporation.
|
COVID-19 Impact on Global Insulated Gate Bipolar Transistors Market
The global COVID-19 outbreak severely affected the market's supply chain and output, which was investigated during the pandemic's early stages. The pandemic had a detrimental effect on the market, negatively affecting numerous end-user industries as well. However, as several COVID-19-related restrictions eased in the subsequent year, there was an increase in demand for goods integrating IGBTs, which had a favourable impact on the industry.
Key Target Audience
- Semiconductor manufacturers
- Electronic component suppliers
- Automotive manufacturers
- Industrial equipment manufacturers
- Renewable energy companies
Our in-depth analysis of the Insulated Gate Bipolar Transistors Market includes the following segments:| By Type: | Discrete IGBTModular IGBT |
| By Power Rating: | High PowerMedium PowerLow Power |
| By Application: | ConsumerRenewablesUPSRailIndustrial/Motor DrivesOthers |
| By Region: | Asia-PacificEuropeMiddle East & AfricaNorth AmericaLatin America |
Key Topics Covered in the Report
- Global Insulated Gate Bipolar Transistors Market Size (FY’2024-FY’2033)
- Overview of Global Insulated Gate Bipolar Transistors Market
- Segmentation of Global Insulated Gate Bipolar Transistors Market By Type (Discrete IGBT, Modular IGBT)
- Segmentation of Global Insulated Gate Bipolar Transistors Market By Power Rating (High Power, Medium Power, Low Power)
- Segmentation of Global Insulated Gate Bipolar Transistors Market By Application (Automotive and EV/HEV, Consumer, Renewables, UPS, Rail, Industrial/Motor Drives, Others)
- Statistical Snap of Global Insulated Gate Bipolar Transistors Market
- Expansion Analysis of Global Insulated Gate Bipolar Transistors Market
- Problems and Obstacles in Global Insulated Gate Bipolar Transistors Market
- Competitive Landscape in the Global Insulated Gate Bipolar Transistors Market
- Impact of COVID-19 and Demonetization on Global Insulated Gate Bipolar Transistors Market
- Details on Current Investment in Global Insulated Gate Bipolar Transistors Market
- Competitive Analysis of Global Insulated Gate Bipolar Transistors Market
- Prominent Players in the Global Insulated Gate Bipolar Transistors Market
- SWOT Analysis of Global Insulated Gate Bipolar Transistors Market
- Global Insulated Gate Bipolar Transistors Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst