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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