Tuesday, 15 November 2022 10:30 AM
Company Update
NEWARK, DE / ACCESSWIRE / November 15, 2022 / The global Insulated Gate Bipolar Transistor (IGBT) market stands at US$ 7.7 Bn as of now and is expected to reach US$ 12.5 Bn by the year 2032 at a whopping CAGR of 11.6% between 2022 and 2032.
IGBT (Insulated Gate Bipolar Transistor) module does function as voltage-controlled power electronic device. They are actually accepted in various high-voltage applications that need lower conduction losses. With inclination towards renewable energy, the IGBT market is bound to scale new heights in the near future. Future Market Insights has entailed these facts with insights in its latest market study entitled ‘IGBT Market'.
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Key Takeaways from IGBT Market
- Europe holds a remarkable market share due to rising demand for hybrid and electric vehicles. This is evident from the fact that as per the International Energy Agency, close to 1.4 Mn electric vehicles were sold in Europe in the year 2020, with France and Germany leading from the front.
- The Asia-Pacific is expected to grow at a significant rate in the IGBT market due to entitles like India Brand Equity Foundation mentioned about the government of India going on records to state that it had sanctioned US$ 616.76 Mn to ‘India Renewable Energy Development Agency Ltd.' to develop solar energy manufacturing units under PLI (Production Linked Incentive) scheme.
- North America is going steady with respect to IGBT market and the status quo is expected to remain the same even going forward.
Competitive Landscape
- Infineon Technologies AG, in February 2021, came up with 650 V CoolSiC Hybrid IGBT series comprising 650 V blocking voltage. This hybrid range makes way for advantages of technologies like 650 V TRENCHSTOP 5 IGBT and Schottky barrier CoolSiC diodes.
- Toshiba Corporation, in June 2019, tabled a compact model with respect to IGBT and IEGT (Injection Enhanced Gate Transistors) for precisely simulating and predicting noise and power loss from EMI (Electromagnetic Interference). The model is reported to curtail rate of error by 95% and also simulation time.
- ABB Ltd., entered into joint venture with Hitachi Ltd. in June 2019. It was worth US$ 11 Bn. The joint venture is called ‘Hitachi ABB Power Grids Ltd.' The areas of functionality include electric mobility, smart life, and IT.
- Mitsubishi Electric Corporation, in August 2020, did launch LV100-type T-series IGBT module to address industrial applications. This module helps in reducing loss of power in inverters and converters. The applications with respect to renewable energy include wind-power generation, high-capacity motor drives, and photovoltaic drives.
- Bhel, in April 2022, announced that it has agreed to make available 6 electric locomotives to facilitate material handling operations. The production of these locomotives would be happening at facility located at Uttar Pradesh's Jhansi area. These would be the first-ever 6000 HP electric locomotives to come up in India.
- Renesas Electronics Corporation, in December 2021, did acquire Celeno's entire issued share capital. Celeno is known for providing a broad range of Wi-Fi solutions for smart buildings, high-performance home networks, enterprise, and various industrial markets, inclusive of Wi-Fi chipsets and the software solutions. Its 6E and Wi-Fi 6 chipset technologies make way for proper Wi-Fi performance.
- Toshiba Corporation, in June 2021, tabled a triple-gate IGBT 1 that enables reduction of overall loss of power by close to 40% on switching off and on.
"The wide application of IGBTs has drawn several companies to enter the market. IGBT does activate/modify electrical energy in various modern appliances like electric cars, microwaves, cookers, VFDs (Variable-Frequency Drives), trains, air conditioners, variable speed refrigerators, lamp ballasts, stereo systems, and municipal power transmission systems, which are abreast with switching amplifiers", says an analyst from Future Market Insights.
Get More Information on this Report @
https://www.futuremarketinsights.com/reports/igbt-market
What is the Report more about?
- The research study is based on type (IGBT module and discrete IGBT), by power rating (high-power, medium-power, and low-power), and by application (EV/HEV (electric and hybrid electric vehicle, renewables, UPS, motor drives, industrial, and series compensation).
- Of late, IGBTs have been proving as cost-effective solutions as a replacement to MOSFETs (Metal Oxide Semiconductor Field-Effect Transistors). As such, energy conservation could be enhanced in several applications like consumer electronics, industrial systems, and electric vehicles.
Key Segments Profiled in the IGBT Market Survey
By Type:
- IGBT Module
- Discrete IGBT
By Power Rating:
- High-Power
- Medium-Power
- Low-Power
By Application:
- Electric and Hybrid Electric Vehicle (EV/HEV)
- Renewables
- UPS
- Motor Drives
- Industrial
- Series Compensation
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer's
To Continue TOC…
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