- The Global IGBT market, one of the fastest growing semiconductor markets, is expected to grow at a CAGR of 9.07 percent from 2013-2018.
London, 23 July 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Insulated Gate Bipolar Transistor (IGBT) Market. The report examines the market conditions for both discrete IGBTs and IGBT modules, and stresses revenue generation from the sales of IGBTs across several segments—consumer electronics, EV/HEV industry, industrial motor drive industry, renewable energy, traction industry— to calculate the market size.
An IGBT is a semiconductor switching component used in power electronic devices. IGBTs are used in several industries because of their medium to high power applications, high blocking voltage, and ability to function efficiently at low voltage. IGBTs increase the efficiency of several high power electronic applications and play a major role in improving the efficiency and reducing the noise of power electronics.
“Escalation in energy cost and consumption has compelled governments and consumers to try to reduce energy consumption and the associated environment impacts,” says Faisal Ghaus, Vice President of TechNavio.
“This scenario has increased the demand for power-saving electronic products and their components, which in turn has led to major demand for IGBTs.”
The Global IGBT Market is expected to witness robust growth because of specific trends like implementation of clean energy sources, augmented concentration on IGBT chip optimization, requirement for copper wire for interconnections and enhanced demand for higher power density.
To define the circumstances for the concerned vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global IGBT Market, please send an e-mail to media@TechNavio.com.
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