IGBT Module Market Scope
The IGBT (Insulated Gate Bipolar Transistor) module is a three-terminal semiconductor device with a huge bipolar current-carrying capability. It is mainly required for inverter use in various types of industrial equipment and machines. It is used in medium to high power applications like switch on and off mode power supplies, traction, motor control and equipment used in induction heating. The device consists of many devices in parallel and can provide very high current handling capabilities with hundreds of amperes blocking voltages of 6500 V.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mitsubishi Electric Corporation (Japan), Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), Hitachi Power Semiconductor Device, Ltd. (Japan), ABB (Switzerland), Semikron (Germany), Microsemi Corporation (Microchip Technology Inc.) (United States), ROHM Co. Ltd. (Japan), STMicroelectronics (Switzerland) and Vishay Intertechnology, Inc. (United States) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global IGBT Module market throughout the predicted period.
Mitsubishi Electric Corporation (Japan), Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), Hitachi Power Semiconductor Device, Ltd. (Japan), ABB (Switzerland), Semikron (Germany), Microsemi Corporation (Microchip Technology Inc.) (United States), ROHM Co. Ltd. (Japan), STMicroelectronics (Switzerland) and Vishay Intertechnology, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are StarPower Semiconductor Ltd. (Switzerland), IXYS Corporation (United States) and MacMic Science & Technology Co., Ltd. (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global IGBT Module market by Type , by Application (Inverters, AC Servo, Solar Power Generation, Wind Power Generation, Equipment for Induction Heating and Others) and Region with country level break-up.
On the basis of geography, the market of IGBT Module has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2019, Infineon Technologies AG and Cypress Semiconductor Corporation announced that they have signed a definitive agreement stating that Infineon will acquire Cypress. According to Reinhard Ploss, CEO of Infineon, the planned acquisition of Cypress is a landmark step in Infineon’s strategic development. It will strengthen and accelerate our profitable growth and put the business on a broader basis. With this transaction, they will be able to offer customers the most comprehensive portfolio for linking the real with the digital world.
In May 2019, the Infineon Technologies AG launched the new power modules for xEV main inverters in order to support the automotive industry to build a strong portfolio of hybrid and electric vehicles. In the previous year’s PCIM trade fair Infineon presented four new HybridPACK Drive modules optimized for different inverter performance levels between 100 kW and 200 kW. Furthermore, Infineon introduced the HybridPACK Double-Sided Cooling (DSC) S2, a technology upgrade to the existing HybridPACK DSC. This module targets main inverters up to 80 kW in hybrid and plug-in hybrid electric vehicles with high power density requirements.
Influencing Trend:
The Emerging Use of IGBT Modules in Electric Vehicles and Hybrid Electric Vehicles and Increasing use of Intelligent Power IGBT Modules
Market Growth Drivers:
Growing Number of Advancements in Electronic Industry and Increasing Demand for Semiconductor Devices for Solar Power Generation
Challenges:
The Lower Switching Speed Related Problems Might Hinder the Market
Restraints:
Stringent Regulatory Guidelines Associated with IGBT Module and Safety Related Risks Involved with IGBT Module Due to Short Circuit Current
Opportunities:
Growing Power Electronics Industry across the World will Boost the IGBT Module Market
Key Target Audience
IGBT Module Manufacturers, IGBT Module International Traders, IGBT Module Distributors and Suppliers, Research and Development Institutes, Upstream and Downstream Buyers, Regulatory Bodies, Industry Associations, Potential Investors and Others