TechNavio today launched its report, Global IGBT-based Power Module Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”There is an increasing focus on insulated gate bipolar transistor (IGBT) chip optimization because of the increasing need for higher power density, higher power output, and increased thermal resistivity. IGBTs are used extensively in power electronic devices across various applications. Several end-users prefer IGBT chips with compact design, small size, and high reliability in order to improve the functionality of power electronic devices. Several market vendors are investing heavily in RandD processes to manufacture optimized chips to increase the operational efficiency of IGBT-based modules. The increasing focus on IGBT chip optimization will have a positive impact on the growth of the Global IGBT-based Power Module market during the forecast period.”
According to the report, one of the major drivers is the increasing need for the production of energy from renewable energy sources. It is estimated that the global energy consumption will increase massively by 2030. The increase in energy consumption coupled with the decrease in fossil energy resources mandates the use of renewable energy resources for the production of electrical energy. IGBT-based power modules are extensively used in wind power plants and solar panels.
Further, the report reveals that one of the major challenges is the high cost of IGBT-based power modules.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-igbt-based-power-module-market-2…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global IGBT-based Power Module Market 2012-2016
