The insulated-gate bipolar transistor (IGBT) market is anticipated to grow at a CAGR of more than 8.0% during the forecast period. IGBT is a type of semiconductor which is utilized as an electronic switch device. It is also called as minority carrier device which aids faster switching rate and provides greater efficiency and is a cost-effective solution to replace Metal Oxide Semiconductor Field Effect Transistor (MOSFET) that is compatible with larger voltage and current. IGBT is extensively used in consumer electronics, electric vehicle and industrial systems due to factors such as high-speed switching rate and optimized power loss and to improve power management by increasing energy conservation owing to this, the IGBT market is significantly growing.
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The electric vehicle segment is expected to hold a significant market share during the forecast period. The rising demand for IGBT modules in electric vehicles attributing to their ability to aids smooth operations of electric vehicles at a steady rate. The electric car uses the IGBT module as they require a higher level of reliability. The reliability of IGBT modules as compared to other systems is the factor propelling the growth of the insulated-gate bipolar transistor market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Insulated-Gate Bipolar Transistor (IGBT) Market- Segmentation
By Type
- Discrete IGBT
- Modular IGBT
By Application
- Renewables
- Industrial
- Inverter & UPS
- Electric Vehicle
- Consumer Electronics
- Others
Global Insulated-Gate Bipolar Transistor (IGBT) Market – Segment by Region
North America
- The US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
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