- Key vendors include Fuji Electric Co. Ltd., Infineon Technologies AG, and Mitsubishi Electric Corp.
London, 14 April 2014: TechNavio, the independent tech-focused global research firm, has announced the publication of its report on the Global IGBT-based Power Module Market. The market is projecting a CAGR of 12.32 percent from 2014-2018 thanks, in part, to adoption of the technology in the renewable energy segment.
IGBTs have a high switching frequency, which reduces power consumption, decreases heat dissipation, and conserves energy. They are used in power generation, transmission and supply and have high on-state power density and low on-state voltage drop, which helps in the manufacturing of smaller integrated chip packages that conserve energy. This technology is used extensively in UPS, wind power generators, inductive heating cookers, high-frequency welding equipment, motor drives, and solar power generators.
A global need to conserve energy and develop renewable energy sources will continue to spur growth in the IGBT market.
“It is estimated that global energy consumption will increase by over 60 percent by 2030, which is also expected to enhance the adoption of IGBT-based power modules in wind turbines,” says Faisal Ghaus, Vice President of TechNavio Research.
“These modules are used in wind turbine converters as well as in grid converters and inverters in solar panels to increase power efficiency and switching speed. The growing need for increased thermal capacity and power cycling capacity is also playing a significant role in driving the adoption of IGBT-based power modules.”
To determine the scenario for these 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-Based Power Module Market please send an e-mail to media@TechNavio.com
https://www.technavio.com/%3Cp%3EMedia%20Contact%3A%3C/p%3E%0A%0A%3Cp%3EJ…
