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Global Insulated-Gate Bipolar Transistors (IGBTs) Market to reach USD XX billion by 2028

Global Insulated-Gate Bipolar Transistors (IGBTs) Market Size study, by Application (Energy & Power, Consumer Electronics, Inverter & UPS, Electric Vehicle, Industrial System, Others), by Type (Discrete IGBT, IGBT Module) and Regional Forecasts 2022-2028

Product Code: EESC-13022823
Publish Date: 30-04-2022
Page: 200

Global Insulated-Gate Bipolar Transistors (IGBTs) Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Insulated-Gate Bipolar Transistor (IGBT) is a type of power semiconductor that is used as an electronic switch device. It is also known as minority carrier device that enables faster switching rate and offers greater efficiency. The increasing demand for electric vehicles and increasing concerns regarding vehicular emissions and depletion of non-renewable energy has led to the adoption of Insulated-Gate Bipolar Transistors (IGBTs) across the forecast period. For Instance: As per the IBEF, With the present and projected level of EV penetration in the country, EVs in India could represent a Rs 500 billion (US$ 7.09 billion) opportunity by 2025. Two- and three-wheelers will lead the electrification movement in India in the medium term. Also, with the Government initiatives to establish HVDC and smart grid, the adoption & demand for Insulated-Gate Bipolar Transistors (IGBTs) is likely to increase the market growth during the forecast period. However, current leakage at high temperature impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Insulated-Gate Bipolar Transistors (IGBTs) Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the investment in improving the infrastructure of electric vehicles, such as Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) & Plug-In Hybrid Electric Vehicle (PHEV). Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as rising population, growing investment in electric vehicle infrastructure such as power stations would create lucrative growth prospects for the Insulated-Gate Bipolar Transistors (IGBTs) market across Asia-Pacific region.

Major market players included in this report are:
NXP Semiconductors N.V.
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.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Energy & Power
Consumer Electronics
Inverter & UPS
Electric Vehicle
Industrial System
Others
By Type:
Discrete IGBT
IGBT Module
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Insulated-Gate Bipolar Transistors (IGBTs) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, by Application, 2020-2028 (USD Billion)
1.2.3. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, by Type, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Insulated-Gate Bipolar Transistors (IGBTs) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Insulated-Gate Bipolar Transistors (IGBTs) Market Dynamics
3.1. Insulated-Gate Bipolar Transistors (IGBTs) Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for electric vehicle
3.1.1.2. Increasing concerns regarding vehicular emissions and depletion of non-renewable energy
3.1.2. Market Challenges
3.1.2.1. Current leakage at high temperature
3.1.3. Market Opportunities
3.1.3.1. Government initiatives to establish HVDC and smart grid
Chapter 4. Global Insulated-Gate Bipolar Transistors (IGBTs) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, by Application
6.1. Market Snapshot
6.2. Global Insulated-Gate Bipolar Transistors (IGBTs) Market by Application, Performance – Potential Analysis
6.3. Global Insulated-Gate Bipolar Transistors (IGBTs) Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
6.4. Insulated-Gate Bipolar Transistors (IGBTs) Market, Sub Segment Analysis
6.4.1. Energy & Power
6.4.2. Consumer Electronics
6.4.3. Inverter & UPS
6.4.4. Electric Vehicle
6.4.5. Industrial System
6.4.6. Others
Chapter 7. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, by Type
7.1. Market Snapshot
7.2. Global Insulated-Gate Bipolar Transistors (IGBTs) Market by Type, Performance – Potential Analysis
7.3. Global Insulated-Gate Bipolar Transistors (IGBTs) Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
7.4. Insulated-Gate Bipolar Transistors (IGBTs) Market, Sub Segment Analysis
7.4.1. Discrete IGBT
7.4.2. IGBT Module
Chapter 8. Global Insulated-Gate Bipolar Transistors (IGBTs) Market, Regional Analysis
8.1. Insulated-Gate Bipolar Transistors (IGBTs) Market, Regional Market Snapshot
8.2. North America Insulated-Gate Bipolar Transistors (IGBTs) Market
8.2.1. U.S. Insulated-Gate Bipolar Transistors (IGBTs) Market
8.2.1.1. Application breakdown estimates & forecasts, 2019-2028
8.2.1.2. Type breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3. Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Snapshot
8.3.1. U.K. Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3.2. Germany Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3.3. France Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3.4. Spain Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3.5. Italy Insulated-Gate Bipolar Transistors (IGBTs) Market
8.3.6. Rest of Europe Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4. Asia-Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Snapshot
8.4.1. China Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4.2. India Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4.3. Japan Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4.4. Australia Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4.5. South Korea Insulated-Gate Bipolar Transistors (IGBTs) Market
8.4.6. Rest of Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market
8.5. Latin America Insulated-Gate Bipolar Transistors (IGBTs) Market Snapshot
8.5.1. Brazil Insulated-Gate Bipolar Transistors (IGBTs) Market
8.5.2. Mexico Insulated-Gate Bipolar Transistors (IGBTs) Market
8.6. Rest of The World Insulated-Gate Bipolar Transistors (IGBTs) Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NXP Semiconductors N.V.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. ABB Group
9.2.3. STMicroelectronics N.V.
9.2.4. Toshiba Corporation
9.2.5. IXYS Corporation
9.2.6. Renesas Electronics Corp.
9.2.7. Semikron International GmbH
9.2.8. Mitsubishi Electric Corp.
9.2.9. Infineon Technologies AG
9.2.10. Fuji Electric Co. Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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