The Global Insulated-Gate Bipolar Transistors (IGBTs) Market IGBT, a type of power semiconductor, acts as an electronic switch device known for its faster switching rate and increased efficiency. Often referred to as a minority carrier device, it offers a cost-effective solution for replacing Metal Oxide Semiconductor Field-Effect Transistors (MOSFETs), especially in applications requiring higher voltage and current compatibility. Its versatility enables effective power management, enhancing energy conservation across industrial systems, consumer electronics, and electric vehicles. Combining the functionalities of MOSFETs and Bipolar Junction Transistors (BJTs) in a monolithic form, IGBTs are now integral in renewable energy sources and electric vehicles, optimizing switching speed and minimizing power loss.
The growing demand for electric vehicles and the increasing necessity for high-voltage operating devices have spurred greater adoption of IGBTs across energy and power, automotive, consumer electronics, and industrial sectors. As a result, the global IGBT market is poised for moderate growth in the foreseeable future, driven by its high-speed switching capabilities and optimized power efficiency. However, challenges such as current leakage at high temperatures pose hurdles to market expansion. Nonetheless, proactive government initiatives aimed at establishing High Voltage Direct Current (HVDC) systems and smart grids utilizing IGBTs for power conversion present lucrative opportunities for market players.
Insulated-Gate Bipolar Transistors Market aims to provide a comprehensive presentation of the global market for Insulated-Gate Bipolar Transistors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Insulated-Gate Bipolar Transistors. Insulated-Gate Bipolar Transistors Market contains market size and forecasts of Insulated-Gate Bipolar Transistors in global, including the following market information:
- Global Insulated-Gate Bipolar Transistors Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Insulated-Gate Bipolar Transistors Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Insulated-Gate Bipolar Transistors companies in 2023 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Discrete IGBT Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Insulated-Gate Bipolar Transistors include ABB, STMicroelectronics, Toshiba, IXYS, Renesas, Semikron International, Mitsubishi, Infineon Technologies and Fuji, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Insulated-Gate Bipolar Transistors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insulated-Gate Bipolar Transistors Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Insulated-Gate Bipolar Transistors Market Segment Percentages, by Type, 2023 (%)
- Discrete IGBT
- IGBT Module
Global Insulated-Gate Bipolar Transistors Market Segment Percentages, by Application, 2023(%)
- Energy & Power
- Consumer Electronics
- Inverter & UPS
- Electric Vehicle
- Industrial System
- Others
Global Insulated-Gate Bipolar Transistors Market Segment Percentages, by Power Rating, 2023 (%)
- High Power
- Medium Power
- Low Power
key trends shaping the global insulated-gate bipolar transistors (IGBT) market:
- Surging demand for electric vehicles: EVs use complex power control systems with IGBTs as a key component. With EV markets forecast to grow at 25-30% CAGR over the next decade, IGBT adoption will rise significantly.
- Growth in renewable energy: IGBT modules are widely used in inverters and power conditioning systems for solar and wind energy projects. The booming renewable power industry, expected to account for over 80% of new electricity generation over the next 8-10 years, provides major growth opportunities.
- Advances in wide-bandgap semiconductors: Development of next-gen silicon carbide and gallium nitride IGBTs supports higher power densities, temperature resistance and faster switching – expanding viable applications in industries like aerospace, rail and healthcare.
- Miniaturization and packaging innovations: New packaging designs and fabrication methods enabling smaller IGBT die sizes and lighter power modules saves space and lowers overall systems costs – increasing adoption.
- Market consolidation with vertical integration: Mergers & acquisitions leading to fewer but larger IGBT suppliers, while some major firms pursuing vertical integration by acquiring wafer/substrate companies – ensuring better supply capacity and pricing control.
Insulated Gate Bipolar Transistors Market News
In March 2023, Toshiba Electronic Devices & Storage Corporation unveiled the “GT30J65MRB,” a 650V discrete insulated gate bipolar transistor (IGBT) designed specifically for power factor correction (PFC) circuits in air conditioners and large-scale power supplies for industrial equipment. This marks Toshiba’s inaugural venture into the realm of IGBTs for PFC applications below 60 kHz, achieved through a reduction in switching loss (turn-off switching loss) to enable higher frequency operation.
In January 2023, Microchip Technology introduced a groundbreaking hybrid three-phase power drive module, the inaugural offering in a new line of power devices. This series is set to encompass 12 distinct variants featuring either silicon carbide (SiC) MOSFETs or insulated-gate bipolar transistors (IGBTs), tailored to cater to the diverse requirements of integrated and reconfigurable power solutions in aviation applications.
Global Insulated-Gate Bipolar Transistors Market Segment Percentages, By Region and Country, 2023 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Insulated-Gate Bipolar Transistors revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Insulated-Gate Bipolar Transistors revenues share in global market, 2022 (%)
- Key companies Insulated-Gate Bipolar Transistors sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Insulated-Gate Bipolar Transistors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key Market Players include:
- ABB Group
- STMicroelectronics
- Toshiba Corporation
- IXYS Corporation
- Renesas Electronics Corp.
- Semikron International
- Mitsubishi Electric Corp.
- Infineon Technologies
- Fuji Electric Co. Ltd.
- NXP Semiconductors N.V
- Others