Insulated Gate Bipolar Transistor formally known as IGBT is a power electronic
semiconductor device. This device have its major application in switches, phase
control and pulse modulation because of its high efficiency and fast switching.
Electric power is a basic requirement of modern society and absence of
electricity will create a huge loss and damage to human life as well as
society. IGBT helps in reducing the congestion in power supply which will
results into smooth electricity supply. IGBT have applications across various
industrial verticals because of high power efficiency, ability to work in low
power and high blocking voltage. IGBT is coming into focus because of its
ability to lower switching loss which reduces thermal stress on electric device
and results into extended device life and provides greater reliability. This
market is very attractive and projected to grow rapidly because of increasing
investment in Research and development of IGBT chips, module optimization for
reduction in power consumption, modified chip density and thermal resistivity.
These all features of IGBT are helping in strengthening the market position of
IGBT power electronic semiconductor device market.
IGBT Market Dynamics
Global IGBT market is currently in its growth
stage and shows significant potential across various industrial verticals.
Major factors which are driving the growth of global IGBT market are increasing
demand of replacement of old power infrastructures in developed regions such as
North America and Europe, increasing government incentives and growing need of
improved power cycling capacity and thermal capacity. Apart from these,
increasing demand of energy efficient electronic devices, IGBT’s ability to
improve efficiency of several electronics devices and also ability to play
important role in technological advancement of power electronic has further
fuelled this market growth. Factors which are restraining the growth of global
IGBT market are lack of awareness, high cost, high initial investment, lack of stable
characteristic of device in high temperature and economic slowdown. However,
this restraints are expected to minimize their impact on market for long run.
Global IGBT market have opportunity in future with deployment of smart grid,
which will helps in boosting global IGBT market.
IGBT Market Segmentation
Global
IGBT market is segmented on the basis of applications, types and regions. On
the basis of applications the global IGBT market is sub segmented into electric
and hybrid electric vehicle (EV/HEV), industrial motor drives, traction,
transportation, HVAC, renewable energy, UPS, series compensation and other
applications. Among all this applications demand of EV/HEV is estimated to lead
growth of global IGBT market during forecasted period. Rapid growth in green
energy sector is also boosting the global IGBT market. On the basis of types
the market is sub segmented into IGBT module and discrete IGBT.
Geographically,
the IGBT market is sub segmented into seven global regions, North America,
Latin America, Asia – Pacific (excluding Japan), Japan as a separate region,
Western Europe, Eastern Europe and Middle East and Africa Region. Europe region
is dominating the present global IGBT market in terms of market value with
Germany and U.K leading the market growth. Asia – Pacific is estimated to be
fastest growing region during forecasted period with technological development
in china and Japan market is also expected to grow for IGBT. North America and
other remaining regions are also projected to be very promising market for
IGBT. Demand in Middle East region will further fuelled the global IGBT market
growth.
IGBT Market Key Players
Key players of Global IGBT market includes
Fujitsu Ltd., Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors
N.V., Vishay Intertechnology, Fairchild Semiconductor International, Inc.,
Toshiba Corporation, Inc., ROHM Co. Ltd., Fuji Electric Co. Ltd and Renesas
Electronics Corporation, among others. These key players are following trend of
large scale collaborations and partnership. These strategies will be beneficial
for them in expanding their global footprints and increasing global market
share.
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