IGBT (insulated-gate bipolar transistor) has wide application in fields from home appliances and digital products to aviation & aerospace and high-speed rails so do in the emerging sectors like smart grid and new energy vehicle. IGBT industry is developing very fast, with the market size reaching USD5.033 billion with a year-on-year increase of 9.1% in 2018 thanks to the burgeoning new energy vehicle worldwide. In the near future, IGBT industry will boom in the wake of the vigorous development of NEV (Neighborhood Electric Vehicle), smart grid and rail transit, and it is as estimated worth USD9.421 billion in 2025 with a CAGR of 9.4%.
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