Authored By: Sarah
08 Dec 2021

IGBT Market: Key Drivers and Segmentation

Market Insights to Drive Recovery from COVID-19

The Insulated-Gate Bipolar Transistors (IGBT) Market is projected to post an incremental growth of $ 5.70 billion, at a CAGR of about 12.08% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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IGBT Market: Top Drivers for Growth

A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is increasing government support for EV/HEVs. Increasing demand for electric vehicle and aggrandized need for high voltage operating devices will lead to an increase in demand for IGBT in the energy & power, automotive, consumer electronics, and industries. 

Global IGBT Market Size to Grow by $ 5.70 Billion During 2021-2025 |  Segmentation by Product and Application

IGBT Market: Growth Segments

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. IGBT Market is segmented by Product (IGBT modules and Discrete IGBTs), Application (EV/HEVs, Industrial, Motor drives, Consumer appliances, and Others), and Geography (APAC, Europe, North America, South America, and MEA). Growth by the IGBT modules segment has been significant and is expected to offer further growth during the forecast period. .Request our Free Sample Report

IGBT Market: Vendor Analysis

The market is concentrated, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV, and Toshiba Corp. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of about 12.08%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 5.70 billion through 2021-2025.
     
  3. What is a key factor driving this market?
    Increasing government support for EV/HEVs will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    69% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV, and Toshiba Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (IGBT modules and Discrete IGBTs), Application (EV/HEVs, Industrial, Motor drives, Consumer appliances, and Others), and Geography (APAC, Europe, North America, South America, and MEA)

Technavio has been monitoring the global IGBT market and it is expected to grow by USD 3.77 billion accelerating at a CAGR of about 9% during the 2020-2024. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

This report provides a detailed analysis of the IGBT market by product (IGBT modules and discrete IGBTs), geography (APAC, Europe, North America, South America, and MEA), and application (EV/HEVs, industrial, motor drives, consumer appliances, and others), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the IGBT market. 

Global IGBT Market Size to Grow by $ 5.70 Billion During 2021-2025 |  Segmentation by Product and Application

IGBT Market: Segmentation by Product

During 2019, the IGBT module segment accounted for the major share of the IGBT Market. Since the demand for high power devices is growing at a rapid pace, the demand for IGBT modules is also expected to rise proportionally. Therefore, the IGBT market share growth by the IGBT modules segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the IGBT market size.

IGBT Market: Segmentation by Geography

APAC was the largest IGBT market in 2019, and will offer several growth opportunities to market vendors during the forecast period. The fast pace of industrialization in developing countries of the region and the increasing adoption of renewable energy and EVs in China, Japan, and India will significantly drive IGBT market growth during the forecast period. China, Japan, South Korea (Republic of Korea), and India are the key markets for IGBT in APAC. Market growth in this region will be faster than the growth of the market in other regions.

IGBT Market: Vendor Analysis

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Fuji Electric Co. Ltd., Hitachi Ltd. and Infineon Technologies AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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