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Insulated-gate Bipolar Transistors (IGBTs) Market Trends

Report ID: GMI9602
Published Date: May 2024
Report Format: PDF

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Insulated-Gate Bipolar Transistors Market Trends

Smart grid technologies utilize advanced power electronics, such as IGBTs, in grid-tied inverters, voltage regulators, and power quality systems. These components enable efficient conversion, regulation, and maintenance of electricity flow within the grid. The demand for IGBTs is increasing to enhance reliability, optimize energy distribution, and integrate renewable sources.

IGBTs are increasingly utilized in aerospace and defense for lightweight, high-performance electronics. They optimize power management in aircraft, enhance propulsion systems' efficiency, and bolster radar system capabilities. Their robustness and power-handling capabilities make them suited for demanding applications, enabling advanced functionalities while meeting stringent weight and performance requirements essential for aerospace and defense operations in diverse environments.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for insulated-gate bipolar transistors was USD 12.5 billion in 2023 and is expected to register over 10% CAGR from 2024-2032 owing to the rising adoption of Electric Vehicles (EVs) and hybrid vehicles worldwide.

Insulated-gate bipolar transistors industry from the discrete IGBT segment and is expected to register over 11% CAGR from 2024-2032 due to offering modular design flexibility and allowing engineers to customize circuits for specific applications easily.

Asia Pacific industry held over 40% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the region's booming industrial sector, particularly in countries like China, India, and Japan, driving demand for IGBTs in various applications.

Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors, ON Semiconductor Corporation, Renesas Electronics Corporation, Texas Instruments Incorporated, and Toshiba Corporation, are some of the major insulated-gate bipolar transistors companies worldwide.