IGBT Market Size is Projected to Reach USD 19,300 Million by 2026 at CAGR 15.5% - Valuates Reports

BANGALORE, India, Jan. 4, 2021 /PRNewswire/ -- The IGBT Market is Segmented by Type  (IGBT Module, Discrete IGBT), Application (Industrial Drives, Consumer, Automotive, Renewables, Traction, Others), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021–2026. This report is published on Valuates Reports in the Electronic Components category.

The Global Insulated-Gate Bipolar Transistor (IGBT) Market size is projected to reach USD 19,300 Million by 2026, from USD 8147.7 Million in 2020, at a CAGR of 15.5% during the forecast period 2021-2026.

Major factors driving the growth of IGBT market size are government initiatives undertaken in various countries towards replacing ageing power infrastructure and adopting electric motors in industrial, commercial, and residual applications.

The report lists the major players in the regions and their respective market share based on global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. 

Request a Sample Copy of the Report For COVID-19 Impact Analysis on IGBT Market: https://reports.valuates.com/request/sample/QYRE-Auto-6E3145/Global_IGBT_Market

TRENDS DRIVING THE IGBT MARKET SIZE 

Increasing application of IGBT in electric vehicles is expected to drive the IGCT market size during the forecast period. The concerns about automotive emissions and the depletion of non-renewable energy supplies have driven government agencies to invest in the electric vehicle & its infrastructure. IGBT plays a vital role in the control and performance of electric vehicles at high voltages.

Government initiatives to establish HVDC and smart grid are expected to fuel the IGBT market size growth. Old grid networks have been replaced by smart grids because they are secure, provide versatile network topology, have better load-adjustment capability, and allow real-time troubleshooting. IGBT is used to promote ease of control at high voltage as it allows higher frequency with improved performance. 

The introduction of renewable energy sources creates market opportunities for IGBT, especially in offshore wind turbines. With a growing number of wind farms worldwide and high government investments, the IGBT market size is expected to multiply. The need for these turbines to work in harsh environments exposed to salt, humidity, etc., and at the same time to provide maximum efficiency to grid stability is expected to drive innovations in the development of IGBTs.

View Report Details Before Purchasing: https://reports.valuates.com/market-reports/QYRE-Auto-6E3145/global-igbt

IGBT MARKET SHARE ANALYSIS

Based on type, the IGBT module is expected to witness the highest growth during the forecast period. This is due to the increasing adoption of electric and hybrid electric vehicles. IGBT modules are suitable for high-powered applications such as EVs/HEVs. Governments around the globe are taking steps to encourage the use of HVDC systems for long-distance power transmission, fueling the market for IGBT modules.

The Asia Pacific is expected to witness the highest growth during the forecast period. The presence of countries such as China and India with a high population and ample manufacturing capacity has significantly contributed to the growth of the sector. In addition, the thriving demand for EVs/HEVs in countries such as China, Japan, India, and South Korea is expected to drive the market for APAC. China has the largest share of sales of EVs/HEVs, and countries such as India have provided subsidies to support domestic EV/HEV manufacturers.

Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-6E3145/Global_IGBT_Market

TOP COMPANIES IN THE IGBT MARKET 

The global IGBT market is dominated by few players located in the US, Japan, and Europe. The global top 5 players hold a share of over 60%.

Some of the top companies in the IGBT market size are, 

• Infineon Technologies
• Mitsubishi Electric
• Fuji Electric
• ON Semiconductor
• SEMIKRON
• Hitachi
• Danfoss
• Renesas Electronics
• Toshiba
• ABB
• Littelfuse (IXYS)

"We can also add the other companies as you want"

Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6E3145&lic=single-user

Buy Now for Enterprise License + Covid-19 Impact:

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6E3145&lic=enterprise-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS :

-  IGBT Module Market

In 2019, the global IGBT Module Market size was USD 4690.4 Million, and it is expected to reach USD 8519.6 Million by the end of 2026, with a CAGR of 8.8% during 2021-2026.

-  Power Management IC (PMIC) Market

The global Power Management IC (PMIC) market was valued at USD 38295.55 Million in 2019, and it is expected to reach USD 46766.34 Million by the end of 2026, growing at a CAGR of 3.96% during 2020-2026.

This report focuses on Power Management IC (PMIC) value at the global level, regional level, and company level. From a global perspective, this report represents the overall Power Management IC (PMIC) market size by analyzing historical data and future prospects.

-  Flexible AC Transmission Systems (FACTS) Sales Market

The global Flexible AC Transmission Systems (FACTS) market size is projected to reach USD 1653.7 Million by 2026, from USD 1322.1 Million in 2020, at a CAGR of 3.8% during 2021-2026. 

-  IGBT and Super Junction MOSFET Market

The global IGBT and Super Junction MOSFET Market size are projected to reach USD 9748.5 Million by 2026, from USD 6716 Million in 2020, at a CAGR of 6.4% during 2021-2026.

This report focuses on the global and United States IGBT and Super Junction MOSFET QYR Global and United States market.

-  Digital Isolator Market

The global Digital Isolator Market size is projected to reach USD 422.3 Million by 2026, from USD 294.8 Million in 2020, at a CAGR of 6.2% during 2021-2026.

Major factors driving the growth of the Digital Isolator Market size are the growing demand for noise-free electronics and the increasing usage of renewable energy sources.

-  Sputter Coating Market

In 2019, the global Sputter Coating market size was USD 6662.3 Million, and it is expected to reach USD 9410.2 million by the end of 2026, with a CAGR of 5.0% during 2021-2026.

The sputter coating market size is being driven by the application of the coating in electronics devices and semiconductors.

-  Circuit Protection Market

The global Circuit Protection Market size is projected to reach USD 38460 Million by 2026, from USD 37110 Million in 2020, at a CAGR of 3.4% during 2021-2026.

The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by type and by Application segment in terms of production capacity, price, and revenue for the period 2015-2026.

-  Power Electronics Market

The global Power Electronics Market size was valued at USD 23.25 Billion in 2019 and is expected to reach USD 36.64 Billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027. 

Major factors driving the growth of power electronics market size are an increase in demand for power electronics components across various industry verticals, the need for power management devices, and a rise in adoption of power electronics components in electric vehicles. 

-  IGBT and Thyristor Market

IGBT and Thyristor Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (High Power, Medium Power, Low Power), By Application (Flexible AC Transmission System (FACTS), HVDC) and Regional Opportunity Analysis and Industry Forecast 2026

-  EV IGBT Market

EV IGBT Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (DC motor IGBT, AC motor IGBT, Others), By Application (Passenger cars, Commercial vehicle) and Regional Opportunity Analysis and Industry Forecast 2026

-  Lighting Control System Market

The Global Lighting Control System Market size is projected to reach USD 29990 Million by 2026, from USD 15330 Million in 2020, at a CAGR of 11.8% during 2021-2026.

-  HVDC Transmission Market

HVDC Transmission Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Capacitor Commutated Converter (CCC), Voltage Source Converter (VSC), Line Commutated Converter (LCC) (Thyristor Based)), By Application (Underground Power Transmission, Grid Interconnection, Offshore Power Transmission, Other) and Regional Opportunity Analysis and Industry Forecast 2026

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports 
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg