The Insulated Gate Bipolar Transistor (IGBT) Market size was valued at USD 5.95 Billion in 2022 and is expected to grow to USD 12.57 Billion by 2030 and grow at a CAGR Of 9.8% over the forecast period of 2023-2030.
A voltage-controlled power electronic device is an insulated gate bipolar transistor module. Due to its high efficiency and quick switching, the insulated gate bipolar transistor, often known as IGBT, is a power electronic semiconductor device that is frequently used in switches, phase control, and pulse modulation. The electronic semiconductor helps to reduce power supply congestion, resulting in a smooth delivery of electricity. They are frequently used in high-voltage applications needing lower conduction losses due to their increased switching frequency. The automobile, rail, energy & electricity, and consumer electronics industries are all experiencing increased demand for it. The market's leading players are firmly committed to growing their companies through cutting-edge new applications.
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KEY DRIVERS:
The effects of global warming and escalating climate change are raising awareness of the need for energy resources
Electric vehicle demand is soaring, driving the market's expansion.
IGBTs are a crucial part of electric vehicles. The essential components of each power converter are power semiconductor devices and modules. Insulated-gate bipolar transistor modules are often utilized for mid to high-power applications, such as electric car inverters, due to their high voltage and current capabilities. For example, In May 2019, Audi stated that it would be using Hitachi's EV inverter for its first batch of electric vehicles. A power module and an integrated next-generation insulated-gate bipolar transistor are features of this inverter. The combination will produce an output with a high-power density, maximizing motor performance. Thus, as electric car use increases, insulated gate bipolar transistor demand will increase.
RESTRAIN:
Design complexity will impede market expansion
An insulated gate bipolar transistor's gate control latch-up is prone to breaking, which would result in device failure. The ambient temperature rises and the turnoff time lengthens with a modest decrease in latching current density. The gate no longer has any influence over the drain current as the transistor enters the latch-up. The only method to disable the IGBT, in this case, might be to compel the current to commutate. The bipolar transistor is likely to be ruined if latch-up is not stopped right away because of the significant power dissipation. This is anticipated to limit market potential.
OPPORTUNITY:
Devices of customer electronics.
Increasing Applications in a Variety of Markets to Support High Voltage Market Share
The market has been segmented into low voltage, medium voltage, and high voltage based on voltage. During the forecast period, c is anticipated to obtain the most share. large voltage insulated gate bipolar transistors are used in industry because they have a large current-carrying capacity, voltage-controlled gates, and other features. Applications for high voltage are expanding in a number of industries, including automotive, aviation, unmanned aerial vehicles, and industrial. The predicted period is expected to see strong growth for medium voltage. Demand for medium voltage is anticipated to be driven by the growing need for 1700 V–2500 V transistors across manufacturing industries for automation operations.
CHALLENGES:
Presence and availability of competitors or brands.
Demand for the seamless operation of electric vehicles
Because it allows for the seamless operation of electric vehicles, its demand in the automotive sector is primarily expanding the automobiles are steadily supplying the grid with power. Insulated gate bipolar transistors and FWD chips are packaged into the module with several devices, an isolation layer, and other components for reliability, increasing power, and extending lifetime. Protection components. These modules can operate in challenging conditions that may include chemical contamination, high temperatures, mechanical vibration, humidity, and shock.
The entire semiconductor industry was severely disrupted by the coronavirus pandemic. The global supply chain disruption brought on by closed international borders has had a significant impact on semiconductor product manufacture. According to the Accenture Plc analysis, the semiconductor industry's annual revenue growth was expected to reach 12.5%, but owing to pandemic issues, it actually only increased by 9% in 2020. Similarly to this, the supply of components has severely hampered the production of insulated gate bipolar transistors. Additionally, the insulated gate bipolar transistor is being badly impacted by the permission of 50% of the entire workforce output capability. So, in contrast to earlier projections, the market's growth rate in 2020 was modest.
IMPACT OF RUSSIAN UKRAINE WAR
The war between Russia and Ukraine could make problems with the semiconductor supply chain and the chip market worse. The business during the past two years due to scarcity. The supply of particular raw materials needed in the production of semiconductors, such as neon and palladium, is the area of most immediate concern. While the consequences of inflation and indirect supply-chain effects seem to be controllable in the short term, the possibility of effects over the long term has not yet been identified and will depend on how things develop.
Impacts on semiconductor output in the short term are anticipated to be moderate. However, chipmakers and consumers will be impacted by the war's implications on raw material pricing, supply-chain restrictions, and general uncertainty. Companies should be ready for more serious supply-chain effects if the war persists, though.
It is urged that businesses reassess all of their business continuity plans, look for other suppliers of neon and palladium, and employ advance pricing to guard against price changes on other essential materials.
By Type
Discrete IGBT
IGBT Module
By Power Rating
High Power
Medium Power
Low Power
By Application
Energy & Power
Consumer Electronics
Inverter & UPS
Electric Vehicle
Industrial System
Others (Medical Devices & Traction)
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The Asia-Pacific region is anticipated to experience the highest growth during the projection period of 2021 to 2028. Due to the region's explosive growth in the green energy industry, Europe currently controls the majority of the insulated gate bipolar transistor (IGBT) market. Because of the advancement in technology in China and Japan.
China is the biggest user of semiconductors in Asia-Pacific and the world, mostly because of the magnitude of its domestic electronics industry. The nation produces and exports more consumer electronics than any other nation in the globe. As a result, it is one of the market's most important segments since a variety of electronic devices employ MOSFETs and IGBTs.
As awareness and use of renewable resources increase, Cen is seeing a lot of potential. It is widely recommended in North America for energy savings due to its low power consumption. In a similar vein, Europe is anticipated to increase its revenue share to second place behind Asia Pacific. The first region to use an insulated gate is Europe.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The major players are Renesas Electronics Corp., Infineon Technologies AG, ABB Group, STMicroelectronics N.V., NXP Semiconductors N.V, IXYS Corporation, Semikron International GmbH, Toshiba Corporation, Mitsubishi Electric Corp., Fuji Electric Co. Ltd., and other players are listed in the final report.
ABB Group-Company Financial Analysis
Infineon Technologies AG introduced its 650 V Cool SiC Hybrid IGBT line in February 2021. The cutting-edge transistor has a blocking voltage of 650 V. Benefits of technology like Schottky barrier Cool SiC diodes and 650 V TRENCHSTOP 5 IGBT are offered by the hybrid family of IGBTs.
In order to accurately simulate and anticipate power loss and noise from electromagnetic interference (EMI), Toshiba Corporation created a small model in Insulated Gate Bipolar Transistors and Injection Enhanced Gate Transistors (IEGT). This model will speed up the simulation and cut the error rate by 95%.
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.95 Bn |
| Market Size by 2030 | US$ 12.57 Bn |
| CAGR | CAGR of 9.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Discrete IGBT, IGBT Module) • By Power Rating (High Power, Medium Power, Low Power) • By Application (Energy & Power, Consumer Electronics, Inverter & UPS, Electric Vehicle, Industrial System, Others (Medical Devices & Traction)) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Renesas Electronics Corp., Infineon Technologies AG, ABB Group, STMicroelectronics N.V., NXP Semiconductors N.V, IXYS Corporation, Semikron International GmbH, Toshiba Corporation, Mitsubishi Electric Corp., Fuji Electric Co. Ltd. |
| Key Drivers | • The effects of global warming and escalating climate change are raising awareness of the need for energy resources • Electric vehicle demand is soaring, driving the market's expansion. |
| Market Opportunities | • Devices of customer electronics. • Increasing Applications in a Variety of Markets to Support High Voltage Market Share |
Ans: Presence and availability of competitors or brands and Demand for the seamless operation of electric vehicles.
Ans: China is growing at the fastest rate.
Ans: Insulated Gate Bipolar Transistor Market size was valued at USD 5.95 Billion in 2022
Ans: The Insulated Gate Bipolar Transistor Market size was valued at US$ 5.95 Bn in 2022.
Ans: The Insulated Gate Bipolar Transistor Market is to grow at a CAGR of 9.8% over the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Insulated Gate Bipolar Transistor Market Segmentation, by Type
8.1 Discrete IGBT
8.2 IGBT Module
9. Insulated Gate Bipolar Transistor Market Segmentation, by Power Rating
9.1 High Power
9.2 Medium Power
9.3 Low Power
10. Insulated Gate Bipolar Transistor Market Segmentation, by Application
10.1 Energy & Power
10.2 Consumer Electronics
10.3 Inverter & UPS
10.4 Electric Vehicle
10.5 Industrial System
10.6 Others (Medical Devices & Traction)
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1North America Insulated Gate Bipolar Transistor Market by Country
11.2.2North America Insulated Gate Bipolar Transistor Market by Type
11.2.3 North America Insulated Gate Bipolar Transistor Market by Power Rating
11.2.4 North America Insulated Gate Bipolar Transistor Market by Application
11.2.5 USA
11.2.5.1 USA Insulated Gate Bipolar Transistor Market by Type
11.2.5.3 USA Insulated Gate Bipolar Transistor Market by Power Rating
11.2.5.4 USA Insulated Gate Bipolar Transistor Market by Application
11.2.6 Canada
11.2.6.1 Canada Insulated Gate Bipolar Transistor Market by Type
11.2.6.3 Canada Insulated Gate Bipolar Transistor Market by Power Rating
11.2.6.4 Canada Insulated Gate Bipolar Transistor Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Insulated Gate Bipolar Transistor Market by Type
11.2.7.3 Mexico Insulated Gate Bipolar Transistor Market by Power Rating
11.2.7.4 Mexico Insulated Gate Bipolar Transistor Market by Application
11.3 Europe
11.3.1 Europe Insulated Gate Bipolar Transistor Market by Country
1.3.3.2 Europe Insulated Gate Bipolar Transistor Market by Type
11.3.3 Europe Insulated Gate Bipolar Transistor Market by Power Rating
11.3.4 Europe Insulated Gate Bipolar Transistor Market by Application
11.3.5 Germany
11.3.5.1 Germany Insulated Gate Bipolar Transistor Market by Type
11.3.5.2 Germany Insulated Gate Bipolar Transistor Market by Power Rating
11.3.5.3 Germany Insulated Gate Bipolar Transistor Market by Application
11.3.6 UK
11.3.6.1 UK Insulated Gate Bipolar Transistor Market by Type
11.3.6.2 UK Insulated Gate Bipolar Transistor Market by Power Rating
11.3.6.3 UK Insulated Gate Bipolar Transistor Market by Application
11.3.7 France
11.3.7.1 France Insulated Gate Bipolar Transistor Market by Type
11.3.7.2 France Insulated Gate Bipolar Transistor Market by Power Rating
11.3.7.3 France Insulated Gate Bipolar Transistor Market by Application
11.3.8 Italy
11.3.8.1 Italy Insulated Gate Bipolar Transistor Market by Type
11.3.8.2 Italy Insulated Gate Bipolar Transistor Market by Power Rating
11.3.8.3 Italy Insulated Gate Bipolar Transistor Market by Application
11.3.9 Spain
11.3.9.1 Spain Insulated Gate Bipolar Transistor Market by Type
11.3.9.2 Spain Insulated Gate Bipolar Transistor Market by Power Rating
11.3.9.3 Spain Insulated Gate Bipolar Transistor Market by Application
11.3.10 The Netherlands
11.3.10.1 Netherlands Insulated Gate Bipolar Transistor Market by Type
11.3.10.2 Netherlands Insulated Gate Bipolar Transistor Market by Power Rating
11.3.10.3 Netherlands Insulated Gate Bipolar Transistor Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Insulated Gate Bipolar Transistor Market by Type
11.3.11.2 Rest of Europe Insulated Gate Bipolar Transistor Market by Power Rating
11.3.11.3 Rest of Europe Insulated Gate Bipolar Transistor Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Insulated Gate Bipolar Transistor Market by Country
11.4.2 Asia Pacific Insulated Gate Bipolar Transistor Market by Type
11.4.3 Asia Pacific Insulated Gate Bipolar Transistor Market by Power Rating
11.4.4 Asia Pacific Insulated Gate Bipolar Transistor Market by Application
11.4.5 Japan
11.4.5.1 Japan Insulated Gate Bipolar Transistor Market by Type
11.4.5.2 Japan Insulated Gate Bipolar Transistor Market by Power Rating
11.4.5.3 Japan Insulated Gate Bipolar Transistor Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Insulated Gate Bipolar Transistor Market by Type
11.4.6.2 South Korea Insulated Gate Bipolar Transistor Market by Power Rating
11.4.6.3 South Korea Insulated Gate Bipolar Transistor Market by Application
11.4.7 China
11.4.7.1 China Insulated Gate Bipolar Transistor Market by Type
11.4.7.2 China Insulated Gate Bipolar Transistor Market by Power Rating
11.4.7.3 China Insulated Gate Bipolar Transistor Market by Application
11.4.8 India
11.4.8.1 India Insulated Gate Bipolar Transistor Market by Type
11.4.8.2 India Insulated Gate Bipolar Transistor Market by Power Rating
11.4.8.3 India Insulated Gate Bipolar Transistor Market by Application
11.4.9 Australia
11.4.9.1 Australia Insulated Gate Bipolar Transistor Market by Type
11.4.9.2 Australia Insulated Gate Bipolar Transistor Market by Power Rating
11.4.9.3 Australia Insulated Gate Bipolar Transistor Market by Application
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Insulated Gate Bipolar Transistor Market by Type
11.4.10.2 APAC Insulated Gate Bipolar Transistor Market by Power Rating
11.4.10.3 APAC Insulated Gate Bipolar Transistor Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Insulated Gate Bipolar Transistor Market by Country
11.5.2 The Middle East & Africa Insulated Gate Bipolar Transistor Market by Type
11.5.3 The Middle East & Africa Insulated Gate Bipolar Transistor Market by Power Rating
11.5.4 The Middle East & Africa Insulated Gate Bipolar Transistor Market by Application
11.5.6 Israel
11.5.6.1 Israel Insulated Gate Bipolar Transistor Market by Type
11.5.6.2 Israel Insulated Gate Bipolar Transistor Market by Power Rating
11.5.6.3 Israel Insulated Gate Bipolar Transistor Market by Application
11.5.6 UAE
11.5.6.1 UAE Insulated Gate Bipolar Transistor Market by Type
11.5.6.2 UAE Insulated Gate Bipolar Transistor Market by Power Rating
11.5.6.3 UAE Insulated Gate Bipolar Transistor Market by Application
11.5.7 South Africa
11.5.7.1 South Africa Insulated Gate Bipolar Transistor Market by Type
Product Type
11.5.7.2 South Africa Insulated Gate Bipolar Transistor Market by Power Rating
11.5.7.3 South Africa Insulated Gate Bipolar Transistor Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Insulated Gate Bipolar Transistor Market by Type
11.5.8.2 Rest of Middle East & Asia Insulated Gate Bipolar Transistor Market Power Rating
11.5.8.2 Rest of Middle East & Asia Insulated Gate Bipolar Transistor Market by Application
11.6 Latin America
11.6.1 Latin America Insulated Gate Bipolar Transistor Market by Country
11.6.2 Latin America Insulated Gate Bipolar Transistor Market by Type
11.6.3 Latin America Insulated Gate Bipolar Transistor Market by Power Rating
11.6.4 Latin America Insulated Gate Bipolar Transistor Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Insulated Gate Bipolar Transistor Market by Type
11.6.5.2Brazil Insulated Gate Bipolar Transistor Market by Power Rating
11.6.5.3 Brazil Insulated Gate Bipolar Transistor Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Insulated Gate Bipolar Transistor Market by Type
11.6.6.2 Argentina Insulated Gate Bipolar Transistor Market by Power Rating
11.6.6.3 Argentina Insulated Gate Bipolar Transistor Market by Application
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Insulated Gate Bipolar Transistor Market by Type
11.6.7.2 Rest of Latin America Insulated Gate Bipolar Transistor Market by Power Rating
11.6.7.3 Rest of Latin America Insulated Gate Bipolar Transistor Market by Application
12. Company Profile
12.1 Renesas Electronics Corp.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Infineon Technologies AG
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ABB Group,
12.4.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 STMicroelectronics N.V.,
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 NXP Semiconductors N.V,
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 IXYS Corporation,
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Semikron International GmbH
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Toshiba Corporation,
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Mitsubishi Electric Corp.,
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Fuji Electric Co. Ltd.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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