IGBT Market to Reach USD 9.90 Billion by 2026; Increasing Investment in Product Integration in Electric Circuits Will Aid Growth, says Fortune Business Insights™

Key Companies Covered in IGBT Market Research Report Are Danfoss Group, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Infineon Technologies AG, Hitachi, Ltd., Toshiba Corporation, ABB Ltd., Littelfuse, Inc. (IXYS)., Rohm Co., Ltd., Starpower.


Pune, May 21, 2020 (GLOBE NEWSWIRE) -- The global insulated gate bipolar transistor (IGBT) market size is projected to reach USD 9.90 billion by the end of 2026. Technological advancements have played a huge role in the growth of the market in recent years. According to a report published by Fortune Business Insights™ titled, “Insulated Gate Bipolar Transistor (IGBT) Market Size, Share & Industry Analysis, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By Application (Consumer Electronics, Industrial Manufacturing, Automotive (EV/HEV), Inverters/UPS, Railways, Renewables, Others) and Regional Forecast, 2019-2026,” the market was worth USD 4.92 billion in 2018 and will exhibit a CAGR of 9.2% during the forecast period, 2019-2026.

Insulated gate bipolar transistor is a voltage-operated power electronic device that is used in electronic circuits for several applications. Recent technological advancements have allowed diverse applications. The high investment in the development and integration of IGBTs into electronic circuits will bode well for the market. Moreover, technologies such as AI and IoT have opened up a wider scope for applications. The increasing applications of IGBT across industries such as switch-mode power supplies (SMPS), UPS, and motor drive inverters will create several growth opportunities for the companies operating in the market. The presence of several large scale companies will have a positive impact on the growth of the overall market. The use of IGBT in electric vehicles and the increasing production of these vehicles will lead to a wider product adoption across the world.

Get Sample PDF Brochure:

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit:

Company Mergers are an Increasing Trend Among Major Companies

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to increasing applications of IGBT, there are several companies operating across the world. Due to healthy market competition, major companies are looking to adopt strategies that will help establish a formidable stand in the market. It is observed that company mergers are a growing trend among major companies. In May 2019, Infineon Technologies announced that it has partnered with Volkswagen Group. The collaboration will be aimed at supply for Future Automotive Supply Tracks (FAST). This collaboration will help the company cater to the increasing demand for electric vehicles with low charging times. Infineon’s collaboration with Volkswagen will not just benefit the company but will have a huge impact on the growth of the market in the forthcoming years.

Speak to Analyst:

Asia Pacific to Emerge Leading; Increasing Adoption of Electric Vehicles to Aid Growth

The report analyses the ongoing market trends across fiver major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to emerge as the fastest growing region, owing to the increasing adoption of electric vehicles on a large scale. The rising product demand will also contribute to the growth of the market in this region. Besides Asia Pacific, the market in North America will witness considerable growth driven by the presence of several large scale companies across this region. As of 2018, the market in North America was worth USD 1.85 billion and this value is likely to increase further in the coming years.

Industry Developments:

  • January 2018: Mitsubishi Electric Corporation announced the launch of a new power semiconductor module 6.5 kV full silicon carbide (SiC). The company claims that the product will offer the highest power density
  • June 2019: TOSHIBA CORPORATION announced the launch of a new compact model in Insulated Gate Bipolar Transistors (IGBT) and Injection Enhanced Gate Transistors (IEGT). The product will offer accurate simulation and prediction of power loss and noise from electromagnetic interference (EMI).

Quick Buy –
IGBT Module Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100501

Detailed Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
  • Global Insulated Gate Bipolar Transistor (IGBT) Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Voltage (Value)
        • Low Voltage
        • Medium Voltage
        • High Voltage
      • By Application (Value)
        • Consumer Electronics
        • Industrial Manufacturing
        • Automotive (EV/HEV)
        • Inverters/UPS
        • Railways
        • Renewables
        • Others (Traction, Energy & Power)
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued...!!!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/igbt-module-market-100501

Have a Look at Related Research Insights:

IIoT (Industrial Internet of Things) Technology Market Size, Share and Global By Deployment Type (Hardware & Software), By Industry Vertical (Manufacturing, Oil &Gas, Metal & Mining), By Applications (Distribution Management System, Visualization Software, Transit Management System, and others) and Geography Forecast till 2026

IoT Market Size, Share and Industry Analysis By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution, Services), By End-Use Industry (BFSI, Retail, Governments, Healthcare, Others) And Regional Forecast, 2019 – 2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release https://www.fortunebusinessinsights.com/press-release/insulated-gate-bipolar-transistor-igbt-market-9530