Welcome!

News Feed Item

Insulated-gate Bipolar Transistors (IGBTs) Market to Reach $11 Billion by 2022, Globally-Allied Market Research

PORTLAND, Oregon, October 19, 2016 /PRNewswire/ --

A new report published by Allied Market Research, titled, "Insulated-gate bipolar transistors (IGBTs) Market by type, power rating, and application - Global opportunity analysis and industry forecast, 2014-2022", projects that the world IGBT market would reach $11 billion by 2022. Asia-Pacific dominates the global market, accounting for more than 50% revenue share of the overall IGBT market, followed by Europe.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )

Summary of Insulated-gate Bipolar Transistors (IGBTs) Market can be accessed on the website at https://www.alliedmarketresearch.com/men-personal-care-market

IGBT module is the foremost device, which is widely used in industries. Currently, rise in demand for higher efficiency, faster switching, and minimal power loss are some of the key driving factors of the market. Moreover, aggrandized need for high voltage operating device is expected to provide huge opportunities to the market players. IGBT module is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, discrete IGBT segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency.

High power IGBT segment is projected to maintain its lead in the overall IGBT market, as these modules are used for power transmission in high voltages with minimum current loss. Moreover, Asia-Pacific is the major revenue contributor of this market due to increasing demand for electric vehicles utilizing IGBT for power transaction. China, India, and Japan are the major consumers of IGBT in Asia-Pacific.

Among applications, energy & power segment dominated the global market in 2014, accounting for 23% share. Proactive government initiative to establish smart grids and High Voltage Direct Current (HVDC) has fueled the market growth. However, electric vehicle is anticipated to be the most lucrative application segment, and is expected to grow at a CAGR of 12.1% during the forecast period. This is attributed to increasing demand for power management in electric vehicles. Moreover, Asia-Pacific was the leading revenue contributor to the electric vehicle market in 2014.

Asia-Pacific accounted for majority of the revenue in 2014, and is expected to maintain its dominance throughout the forecast period. This is attributed to rising number of electric vehicles and increasing industry systems, which increase the demand for IGBT. Moreover, advancements in consumer electronic and inverters & UPS would boost the IGBT market, especially in Asian countries such as China, Japan, South Korea, and India.

"High-Voltage IGBTs are integrated in automotive applications, as they enable power management and reduce power leakage. Moreover, they offer several benefits such as high efficiency, reduced system complexity, and minimized system maintenance. IGBT module represents almost 60-62% of the total IGBT market, owing to its resilience and higher efficiency. In addition, substantial growth in the demand for electric vehicles and customer shift towards advanced power semiconductor to achieve better efficiency would promote its adoption in energy & power, inverter & UPS, consumer electronics, and industry systems," states Rakesh Singh, Manager, Research, Semiconductor & Electronics, AMR. 

Asia-Pacific is projected to be the fastest growing region throughout the analysis period, owing to increase in focus on power transmission, renewable energy, and adoption of IGBT in electric vehicles. Furthermore, increase in IT expenditures in several countries including China, Japan, India, and South Korea to cater to end-user storage needs have fueled the market growth. Moreover, technological advancements to overcome power loss issues in IGBT would offer lucrative opportunities for the market players.

Key findings of the study: 

  • In 2014, IGBT module type segment dominated the overall IGBT market in terms of revenue, and is projected to grow at a CAGR of 10.3% during the forecast period
  • High power segment is projected to grow at a CAGR of 10.8% during the forecast period
  • Electric vehicle segment is expected to exhibit the fastest growth during the forecast period, owing to increasing applications of IGBT in e-bikes and e-cars
  • Japan is the major shareholder in the Asia-Pacific IGBT market, accounting for about 34% share

The key players in the IGBT market have focused on expanding their business operations in the fast-growing emerging countries with new product launch as the preferred strategy. The major players profiled in this report include ABB Group, STMicroelectronics N.V., Toshiba Corporation, IXYS Corporation, Renesas Electronics Corp, Semikron International GmbH, Mitsubishi Electric Corp., Infineon Technologies AG, Fuji Electric Co. Ltd., and NXP Semiconductors N.V.

Summary of Similar Reports can be viewed at https://www.alliedmarketresearch.com/semiconductor-and-electronics/semiconductors-market-report

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


Contact:
Sona Padmanabhan
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Direct: +1-503-894-6022
Toll Free: +1 (800) 792-5285 (U.S. & Canada)
Fax: +1 (855) 550-5975
E-mail: sales@alliedmarketresearch.com

SOURCE Allied Market Research

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...