IGBT Market Share, Business Strategy, Research Analysis on Competitive landscape, Key Vendors and Forecast 2020-2030
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02 Jan 2023 12:44:19 pm.
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The global IGBTmarket share 2020 can advance at a robust pace of 12.5% over the forecastperiod (2017 to 2023), projects Market Research Future (MRFR).<o:p></o:p>
Growth Boostersand Main Challenges <o:p></o:p>
The insulated gatebipolar transistor or IGBT market share is witnessing a surge in demand, givenits rising applications in different industries like rail, automotive, consumerelectronics and energy and power, among others. The demand for IGBT componentsis quite huge in high voltage applications including motor drive inverters,switch-mode power supplies (SMPS), and uninterruptible power supplies (UPS),welding and solar inverters, and such.<o:p></o:p>
Most of theautomotive manufacturers are making decent-sized investments in electricvehicles, in the face of increasing number of stringent government regulationsthat pertain to the energy consumption. Lead free electric vehicles aremanufactured using IGBT components, which also boosts the latter’s demand inthe automotive industry. Surge in fuel prices has also boosted the sale ofelectric vehicles, which has created vast profit streams for market vendors. <o:p></o:p>
Advancedtechnologies like Internet of Things (IoT) and Artificial Intelligence (AI) areviewed as the latest trends emerging in the IGBT market share. The IoT architectureremotely monitors IGBTs leftover life depending on the data history of theircomponent failure. AI, on the other hand, elevates health monitoring as well asdependable predictions of IGBT components within power management converters.This helps cut down the power losses, while managing the power demands in theIGBT modules.<o:p></o:p>
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CompetitiveDashboard:<o:p></o:p>
InfineonTechnologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor(US), Mitsubishi Electric Corporation (Japan), STMicroelectronics(Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology(US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), ToshibaCorporation (Japan)<o:p></o:p>
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MarketSegmentation <o:p></o:p>
The IGBT marketforecast by MRFR identifies the top segments as type, power rating andapplication. <o:p></o:p>
The types of IGBTsavailable in the worldwide market are discrete IGBT, as well as IGBT module.IGBT modules are the top revenue generator in the overall market, exhibitingthe potential to expand significantly throughout the evaluation timeframe. Theconsiderable segmental growth and the product demand is the result of its featuresincluding efficient utilization, ease-of-control at high voltage, etc. Risingdemand in lower-current applications can stimulate the growth of the discreteIGBT segment in the following years.<o:p></o:p>
Depending on thepower rating, the IGBT market has been considered for medium power, high poweras well as low power. The high power segment has seized a substantial portionof the market and can retain its leading position during the review period aswell. <o:p></o:p>
IGBT is used in avariety of applications in energy and power, inverter & UPS and consumerelectronics. All these application-based segments hold lucrative growthpotential as the demand for IGBT is increasing exponentially and is projectedto soar at a higher speed in the ensuing period.<o:p></o:p>
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RegionalAnalysis:<o:p></o:p>
By region, theglobal IGBT market has been segmented into North America, Europe, Asia Pacific,and, Rest of the World (RoW). The Asia Pacific segment is poised to be thefastest growing market owing to factors such as increasing demand of IGBTinfused electric vehicles, increasing IT expenditures, improvement in powertransmission, use of renewable energy, etc. The technological advancements incountries such as China, Japan, and, India will also fuel the growth in theregion.<o:p></o:p>
The Europe segmentwill hold the second spot in terms of market share and will exhibit moderategrowth across the projection period. The growth in Europe segment is attributedto the presence of major players in the region, and, increased investments inthe research and development activities. North America segment will demonstrategrowth due to the adoption of next-gen technology. The growth of the globalmarket for IGBT will fuel the market growth in Middle East & Africasegment.<o:p></o:p>
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Tags: IGBT Market Share
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