Insulated-Gate Bipolar Transistor (IGBT) Market 2020 Industry Research, Share, Trend, Market Size & Growth, Price, Future Analysis, Regional Outlook to 2023 Research Report
Global “Insulated-Gate Bipolar Transistor (IGBT) Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Insulated-Gate Bipolar Transistor (IGBT) market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Insulated-Gate Bipolar Transistor (IGBT) market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Insulated-Gate Bipolar Transistor (IGBT) Market Research Report 2020-2023
- Renesas Electronics Corporation
- Infineon Technologies AG
- Fuji Electric Co. Ltd
- ROHM Co. Ltd.
- SEMIKRON International GmbH
- Mitsubishi Electric Corp.
- Toshiba Corp.
- Hitachi Ltd.
- Fairchild Semiconductor International
- Inc.
- ABB Ltd.
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Overview of Insulated-Gate Bipolar Transistor (IGBT) Market:
The global Insulated-Gate Bipolar Transistor (IGBT) market was valued at USD 4.50 billion in 2017, and is expected to reach USD 7.80 billion by 2023, at a CAGR of 9.62%, during the forecast period (2020 - 2023). The scope of the report covers various segments including by Type such as discrete IGBT and modular IGBT, by power rating, such as high-power, medium-power, and low power. The end-user industries are limited to EV/HEV, renewables, ups, rail, motor drives, industrial, and commercial. While the regions considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.Increasing Investments in Off-Wind FarmsAround the world, countries are fostering renewable energy sources. Power semiconductors play a major role in the energy production via these sources. Governments are including renewable energy as a major part of their long-term investments and strategies for development. Technological improvements and growing effect of economies of scale have dropped the costs of renewable sources, like solar and wind energy, by more than 50%. The implementation of renewable electricity sources is inducing market opportunities for IGBT, particularly in offshore wind turbines. With the increasing number of wind farms, worldwide, along with high investments from the governments, the IGBT market is expected to grow multi-fold. The need of these turbines, to operate in harsh environments that are exposed to salt, humidity etc., and at the same time, deliver maximum efficiency to grid stability, is expected to drive innovations in the manufacturing of IGBTs. The dominant players in the IGBT market, such as, Infineon Technologies and ABB, are designing IGBT products, specifically, for renewable energy sources, seeing the potential opportunity in the market.Modular IGBT Holds the Major Market ShareIGBT modules enable the integration of a wide variety of functions, such as digital, analog, and power technologies, together, in a flexible, mixed signal chipset to simplify control designs and make the existing systems cost-effective and energy-efficient. These modules are widely used in electrically powered rail vehicles. Trains use IGBT modules for efficient and rapid electrical drive control. Many new emerging technologies, such as, the growth of electric cars and hybrid vehicles, also use IGBT modules, since a higher level of reliability is required for the use in electric vehicles (EV) and hybrid electric vehicles than the typical industrial purposes. The reliability of IGBT modules as compared to other systems is the primary factor having a major influence on the growth of the market.High Power Hold the Major Market ShareIGBTs have very high current-handling capabilities owing to the presence of Bi junction transistor in its construction, in the order of hundreds of amperes, with blocking voltages of 6500 V. These IGBTs can control loads of hundreds of kilowatts useful in many industrial applications. IGBTs are particularly useful for lesser duty cycles, low frequencies, high voltages and load variations, which enable their use in locomotive trains, electric vehicles (EV). Growth of renewable energy segments, such as solar and wind leads to the demand for high-power IGBTs. Motors used in wind turbines are of variable speed type, and require the use of high-power IGBT for efficiency. With growth in infrastructure activities in developing countries, the demand for high-voltage machinery is expected to grow, driving the demand for high-power IGBT in the market.EV/HEV Has a Major Market ShareIGBT applications in Electric Vehicle (EV) and Hybrid Electric Vehicle (HEV) include their usage in powertrains and in chargers for delivery and control of power to motors. EV/HEV sales are projected to grow with a robust rate of around 35% and battery-manufacturing capacity is expected to triple by the end of forecast period due to strengthening CO2 regulations. IGBT market for EV/HEV is expected to triple during the forecast period occupying more than 50% share of the total market.
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Key Highlights from Insulated-Gate Bipolar Transistor (IGBT) Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Insulated-Gate Bipolar Transistor (IGBT) industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Insulated-Gate Bipolar Transistor (IGBT) Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Insulated-Gate Bipolar Transistor (IGBT) Market report additionally provides distribution, Production, Consumption for the complete industry.
Insulated-Gate Bipolar Transistor (IGBT) Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase this Report
- Upgrading and renewal of existing networks in developed economies act as a driver to the global market scenario
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regions which are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Insulated-Gate Bipolar Transistor (IGBT) Market 2020 Report Brief:-
- The report covers forecast and analysis for the Insulated-Gate Bipolar Transistor (IGBT) market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Insulated-Gate Bipolar Transistor (IGBT) market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Insulated-Gate Bipolar Transistor (IGBT) Market 2020 Research Report at
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