IGBTs: Market Insights, Growth, and Global Trends
The demand for IGBTs (Insulated Gate Bipolar Transistors) has surged recently, fueled by the swift advancements in technology, especially in the electric vehicle, solar energy, energy storage markets, and industrial sectors. These specialized power semiconductor devices act as switches in various applications, particularly in the automotive and grid-related industries.
IGBTs have exceptional high-voltage and high-power capabilities, making them ideal for stabilizing current and resistance. They are indispensable components in many solar energy and storage projects, where they are utilized in grid-integration equipment and inverters.
Due to their applications and performance characteristics, IGBTs hold vast growth potential in industries such as renewable energy equipment, electric vehicles, and AI-integrated industrial manufacturing systems. Any scenario involving significant current flow necessitates the assistance of IGBT control.
Market Demand and Trends for IGBT
The IGBT market has experienced significant growth over the years, increasing from USD 3.2 billion in 2012 to USD 7.09 billion in 2021, with a CAGR of 6.6%. This growth has been driven by industrial control and electric vehicles. MarketsandMarkets predicts that the IGBT market will grow to USD 7.94 billion by 2025.
Taiwan's power semiconductor industry is also expanding into the electric vehicle and renewable energy sectors, in line with the global demand for IGBTs. Additionally, China's IGBT market is set to reach 52.2 billion RMB by 2025, with a noteworthy CAGR of 19.11%. IGBTs account for approximately 20% of charging pile costs, and the market size for these IGBTs is expected to reach 10 billion RMB by 2025. This data highlights the growing significance of IGBTs, particularly in the electric vehicle industry.
In conclusion, the continuous growth of the IGBT market showcases its pivotal position in today's technological advancements. As many countries intensify their focus on electric vehicles and renewable energy, it is evident that IGBTs will remain indispensable. The increasing demand for IGBTs worldwide confirms their role as a cornerstone in the next era of energy-efficient innovations and sustainable progress.
- +1 Like
- Add to Favorites
Recommend
- ROHM‘s New Hybrid IGBTs with Built-In SiC Diode Reduce Loss by 67% VS. Conventional IGBTs
- High Efficient Electric Water Pumps with Diotec 1350V 40A IGBTs DIW040F135
- ROHM’s New 1200V IGBTs Achieve Industry-Leading Low Loss Characteristics with High Short-Circuit Tolerance
- Renesas Unveils New-Generation Si IGBTs AE5 for EV Inverters which will be offered in a small footprint while providing low power losses
- ROHM Offers the Industry’s Largest* Library of LTspice® Models at Over 3,500 by Adding SiC and IGBTs
This document is provided by Sekorm Platform for VIP exclusive service. The copyright is owned by Sekorm. Without authorization, any medias, websites or individual are not allowed to reprint. When authorizing the reprint, the link of www.sekorm.com must be indicated.
Integrated Circuits
Discrete Components
Connectors & Structural Components
Assembly UnitModules & Accessories
Power Supplies & Power Modules
Electronic Materials
Instrumentation & Test Kit
Electrical Tools & Materials
Mechatronics
Processing & Customization
