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Wednesday, November 9, 2016

IGBT Market Will Reach $11 Billion by 2022

Asia-Pacific dominates the global market, accounting for more than 50% revenue share of the overall IGBT market, followed by Europe.


High power IGBT segment is projected to maintain its lead in the overall IGBT market, as these modules are used for power transmission in high voltages with minimum current loss. Moreover, Asia-Pacific is the major revenue contributor of this market due to increasing demand for electric vehicles utilizing IGBT for power transaction. China, India, and Japan are the major consumers of IGBT in Asia-Pacific.


Electric vehicle segment is expected to exhibit the fastest growth during the forecast period, owing to increasing applications of IGBT in e-bikes and e-cars. Because High-Voltage IGBTs are integrated automotive applications, as they enable power management and reduce power leakage, Telsa has been using IGBT made by International Rectifier in its popular Model S.


IGBT market will continute growing in the near future.

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