NEW YORK , Sept. 25, 2024 /PRNewswire/ — The global IGBT market is projected to grow by US$10.8 billion between 2024 and 2028, according to Technavio. The market is expected to grow at a CAGR of 15.31% during the forecast period. Increasing government support for electric or hybrid vehicles is driving market growth and functional integration of semiconductor devices is becoming a trend, but increasing competition in wide bandgap (WBG) semiconductor materials poses challenges. Key market players include ABB Ltd., Danfoss AS, Fuji Electric. Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp., Jilin Hua Microelectronics Co., Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp. ., Renesas Electronics Corporation, ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International NV and Toshiba Corp.
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ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp., Jilinhua Microelectronics Co., Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp. ., NXP Semiconductors NV, ON Semiconductor Corporation, Renesas Electronics Corporation, ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International NV и Toshiba Corp.
Industrial Internet trends are driving the integration of digital control into power systems, making inverters, drive control systems and electrical equipment interoperable. The integration of semiconductor devices, including sensors, ICs, microcontrollers and IGBTs, can lead to improved semiconductor performance and development. Analyzing the data generated by these devices can reveal key applications and improvements for semiconductor devices. This will lead to more efficient and reliable IGBTs, improving circuit performance and ensuring smooth operation. These benefits are expected to fuel the growth of the IGBT market over the forecast period.
IGBT market trends include advances in power device technology, especially in inverter applications using power transistors. Heat dissipation and CO2 emissions are key issues driving the need for efficient semiconductors. The cost of electricity influences the adoption of IGBTs in a variety of electronic products, from electric vehicles (EVs) and industrial equipment to renewable energy projects such as solar and wind power. IGBTs are critical for converting DC to AC in electric vehicles and solar inverters. Semiconductor manufacturers such as Microchip Technology are focused on developing high-power semiconductor devices to meet growing power demands. Industrial systems, motor drives and power MOSFETs also use IGBTs for frequency and voltage control. The growing adoption of industrial electrification and 5G is further driving the market. Efficiency, emissions and fuel efficiency are key factors, and IGBTs offer long downtime and thermal stability as a low-cost alternative.
1.1 IGBT modules. The IGBT market is mainly driven by the demand for high power devices, making IGBT modules a preferred choice over discrete IGBTs. Each IGBT module contains multiple discrete IGBTs, so they provide greater compatibility for high power applications. Global demand for energy efficiency and the growing popularity of electric vehicles (EVs) and wind power systems are driving demand for IGBT modules. However, the emergence of wide bandgap (WBG) semiconductors as replacements for IGBT modules is likely to impact the market growth over the forecast period. Despite this challenge, the IGBT market is expected to witness significant year-on-year growth due to rising demand for high power density solutions and government initiatives to promote energy conservation.
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The IGBT (Insulated Gate Bipolar Transistor) market is witnessing significant growth due to its application in various power device technologies, especially in inverter devices. IGBTs are high-power semiconductor devices with excellent frequency and voltage characteristics, making them ideal for energy conversion in electronics. The growing popularity of renewable energy sources such as solar and wind power is driving the demand for IGBTs in solar inverter applications. IGBTs help convert the DC voltage from solar panels to AC voltage for connection to the grid. The electric vehicle market is another important application area for IGBTs, where they are used for motor control and energy conversion in electric vehicles (EVs). Energy costs and CO2 emissions are key factors driving the move to electrification and the use of IGBTs in transmission and distribution systems and smart grids. IGBTs also have long dead times, making them suitable for industrial applications. Inverter applications, electric vehicles and renewable energy projects are some of the major areas where IGBTs are widely used. This market is expected to continue to grow as demand for fuel efficiency and sustainable energy solutions increases.
The IGBT (Insulated Gate Bipolar Transistor) market is witnessing significant growth due to the growing demand for power device technologies in various applications. IGTB is an important component of inverters, especially power transistors, which play a vital role in converting DC voltage to AC voltage in various electronic products. The electric vehicle (EV) market is a major driver for IGBTs due to their high power and efficiency. IGBTs are also used in renewable energy projects such as solar inverters to convert DC voltage from solar panels to AC voltage for grid connection. Energy costs and CO2 emissions are key factors driving the use of IGBTs as renewable energy sources. In electronics manufacturing, IGBTs are used in power semiconductor devices, industrial equipment, electric drives and inverters. The introduction of 5G is also expected to increase the demand for IGBTs due to their ability to operate at high frequencies and voltages. IGBTs have a number of advantages, including high efficiency, low power consumption and thermal resistance. However, challenges remain such as long downtime, high humidity and the need for low-cost alternatives. IGBT modules are used as power regulators and converters in a variety of applications including electric vehicles, industrial systems and clean energy projects. Aging power infrastructure, fuel prices, and electrification, transmission and distribution needs are other factors driving the growth of the IGBT market. Solar industry, wind power and industrialization are also important end users of IGBT.
1 Brief Description 2 Market Situation 3 Market Size 4 Historical Market Size 5 Five Forces Analysis 6 Market Segmentation
7 Client environment 8 Geographical situation 9 Driving forces, problems and trends 10 Company situation 11 Company analysis 12 Appendix
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Post time: Oct-08-2024