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Demand for Renewable Energy Sources to Drive IGBT Market, To Reach $12.5 Bn by 2032 at a CAGR of 11.6% during Forecast Period 2022-32 | Rare Techy


NEWARK, DE / ACCESSWIRE / November 15, 2022 / The global market for Insulated Gate Bipolar Transistor (IGBT) is currently valued at US$ 7.7 Bn and is expected to reach US$ 12.5 Bn by 2032 at a significant CAGR of 11.6% between 2022 and 2032.

Future Market Insights, Inc., Tuesday, November 15, 2022, Press release image

Future Market Insights, Inc., Tuesday, November 15, 2022, Press release image

An IGBT (Insulated Gate Bipolar Transistor) module works as a power supply. It is widely accepted in various high voltage applications that require lower transmission loss. Due to the demand for renewable energy, the IGBT market is bound to reach a new high in the near future. These data and insights have been included in its latest market research titled ‘IGBT Market’.

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Major components from the IGBT market

  • Europe holds a large share of the market due to the increasing demand for hybrid and electric vehicles. This can be seen according to the information of the International Energy Agency, about 1.4 Mn electric vehicles will be sold in Europe in 2020, with France and Germany leading from the front.

  • Asia-Pacific is expected to grow at a high rate in the IGBT market due to titles such as the India Brand Equity Foundation cited for the Indian government going on record to say that it has he sent $ 616.76 Mn to the ‘India Renewable Energy Development Agency. Ltd.’ to develop solar power generation units under the PLI (Production Linked Incentive) scheme.

  • North America continues to dominate the IGBT market and looks set to continue moving forward.

Competitive Country

  • Infineon Technologies AG, in February 2021, came out with a 650 V CoolSiC Hybrid IGBT series containing 650 V resistor voltage. This hybrid range makes way for the advantages of technologies such as 650 V TRENCHSTOP 5 IGBT and Schottky resistance CoolSiC diodes.

  • Toshiba Corporation, in June 2019, proposed a compact model for IGBT and IEGT (Injection Enhanced Gate Transistors) for modeling and predicting noise and power loss from EMI (Electromagnetic Interference). The model claims to reduce the error rate by 95% with simulation time.

  • ABB Ltd., entered into a joint venture with Hitachi Ltd. in June 2019. It is worth US$ 11 billion. The joint venture is ‘Hitachi ABB Power Grids Ltd.’ Functional areas include electric mobility, smart living, and IT.

  • The Mitsubishi Electric Corporation, in August 2020, launched the LV100-type T-series IGBT to address industrial applications. This feature helps reduce power loss in transformers and converters. Applications related to renewable energy include wind power generation, high-efficiency motor drives, and photovoltaic drives.

  • Bhel, in April 2022, announced that it has agreed to supply 6 electric generators to facilitate asset management. The production of these locomotives is done at the location in Jhansi district of Uttar Pradesh. This will be the first 6000 HP electric car to be made in India.

  • Renesas Electronics Corporation, in December 2021, Celeno acquired all of the issued securities. Celeno is known for providing a wide range of Wi-Fi solutions for smart homes, high-performance home networks, enterprise, and various industrial markets, including Wi-Fi chips and software solutions. Its 6E chipset and Wi-Fi 6 technologies provide a way for direct Wi-Fi performance.

  • Toshiba Corporation, in June 2021, proposed a three-gate IGBT 1 that can reduce power loss by nearly 40% on off and on.

“The widespread use of IGBTs has attracted several companies to enter the market. The IGBT activates/modifies the electric current in a variety of new devices such as electric motors, microwaves, toasters, VFDs (Taupe -frequency Drive), trains, gas, variable speed refrigerators. , lighting, power systems, and municipal power supply systems, which are similar to transformers”, says an analyst from Future Market Insights.

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What is the Report?

  • The research study is based on type (IGBT module and standalone IGBT), by power rating (high power, medium-power, and low power), and by application (EV/HEV (electric and hybrid electric vehicle, renewable, UPS). , motor drives, industrial costs, and series).

  • Today, IGBTs have proven to be a cost-effective alternative to MOSFETs (Metal Oxide Semiconductor Field-Effect Transistors). Because of this, energy savings can be improved in many applications such as consumer electronics, industrial systems, and electric vehicles.

Key Segments Highlighted in IGBT Market Overview

By Type:

By Power Rating:

  • The Great Power

  • Central Power

  • Low Power

By application:

By Region:

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • Middle East and Africa

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Table of Contents

1. Executive Summary

1.1. Global Market Overview

1.2. Demand side trends

1.3. Side Effects

1.4. Technical Map Analysis

1.5. Analysis and Recommendations

2. Market Analysis

2.1. Trade Market / Taxation

2.2. Market Definition / Scope / Limitation

3. Background Market

3.1. Market Inspiration

3.1.1. Driver

3.1.2. Obligations

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Prediction

3.2.1. Application in an Optimistic Scenario

3.2.2. Request in a Possible Scenario

3.2.3. Application in a Conservative Scenario

3.3. Goal Map Analysis

3.4. Product Life Cycle Analysis

3.5. Research Analysis

3.5.1. Assign Sidekicks and Their Roles Creator Average Participants (Buyers/Sellers/Sellers) Buyers and Suppliers

3.5.2. Value Added and Value Created at Nodes in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing Buyers and Sellers

Continued TOC…

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an accredited and ESOMAR-accredited market research firm, a member of the Greater New York Chamber of Commerce, headquartered in Delaware, USA. A recipient of the Clutch Leaders Award 2022 based on a high customer score (4.9/5), we have worked with global enterprises in their business transformation journey and helped them achieve their business ambitions. 80% of the largest Forbes 1000 companies are our clients. We serve global clients across key market segments and niches across major industries.


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OUTPUT: Future Market Insights Inc.

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