Stratview Research has recently published a report on the IGBT Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The market is segmented by Packaging Type (Discrete, Module), by Power Rating Type (Low, Medium, and High), by Application Type (Power Transmission Systems, Renewable Energy, Rail Traction Systems, EV/HEV, Motor Drives, Consumer Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

IGBT Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the IGBT Market is estimated to grow from USD 8.08 billion in 2022 to reach USD 15.48 billion by 2028 at an impressive CAGR of 11.45% during the forecast period.

Some of the companies drive the market growth:

  • Fuji Electric Co., Ltd.
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • The Danfoss Group
  • Mitsubishi Electric Corporation
  • ON Semiconductor Corporation
  • Semikron International GmbH
  • Toshiba Corporation
  • Hitachi, Ltd.
  • Renesas Electronics Corporation
  • STMicroelectronics N.V.
  • MagnaChip Semiconductor Corporation

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Segments Analysis

By Packaging Type

The market is segmented as discrete and module. IGBT module held the larger share of the market in 2021, owing to its wider applications as application of discrete solution is limited mostly up to 50kVA power range, whereas modules are used for medium to high power levels.

Regional Analysis

Asia-Pacific is expected to remain the dominant as well as the fastest-growing region in the market over the coming five years owing to the fastest-growing EV/HEV market, the largest consumer electronics, solar and wind energy sectors, and growing industrial automation in the region. Industrialization, urbanization, and increasing disposable income in the emerging economies will continue to propel the demand for IGBT in the region during the forecast period. Organic progress of automotive industry with increasing penetration of electric vehicles to reduce carbon emissions is also likely to boost the demand for IGBT products in the region.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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