NEW YORK, Jan. 4, 2016 /PRNewswire/ -- This BCC Research report provides an up-to-date analysis of recent developments and current trends in the global IGBT market. It also identifies significant drivers of revenue growth for IGBTs and provides forecast through 2020.
Use this report to:
Analyze recent developments and current trends in the global insulated gate bipolar
transistor (IGBT) market.
Identify significant drivers of revenue growth for IGBTs.
Receive information about IGBT applications used globally in various types of end industries.
Learn about the market share of the major players by region.
The global market for insulated gate bipolar transistors (IGBT) reached $5.2 billion in 2014.
The market is projected to grow from nearly $5.7 billion in 2015 to $8.8 billion in 2020, registering a compound annual growth rate (CAGR) of 9.1%.
Power factor correction converters is the largest segment of this market and is expected to reach nearly $3.3 billion in 2020 from $2.1 billion in 2015, increasing at a CAGR of 9.8% from 2015 to 2020.
Appliance motor drives as a segment will grow from $1.8 billion in 2015 to nearly $3.1 billion by 2020 at a 10.6% CAGR for the period 2015-2020.
The global market for insulated gate bipolar transistors (IGBTs) has been growing at a rate of 8.5% annually, mainly driven by growth in the power transmission sector and the industrial electrical and electronics sector. The Asia-Pacific region, North America and Europe primarily drive the market.
The IGBT market is broadly divided into two types: discrete and modular packages.
Rising electricity demand is primarily driving this market. IGBTs comprise a segment of the power semiconductor industry. The increase in the demand for power transmission across long distances and increased investments on smart grids and power infrastructure are the key drivers of this market.
Infineon, ABB Semiconductors, Fuji Electric, IXYS, Semikron, Littlefuse and Renesas are some of the key participants in the IGBT market.
The Asia-Pacific region, followed by North America and Europe, dominates the global IGBT market. IGBT sales are on the rise due to an increase in the power transmission, renewable energy, industrial electrical and electronics, automotive, locomotive, aerospace and defense, and consumer electronics industries.
This report also highlights the supplier landscape, with a focus on detailed profiles of major companies.
SCOPE OF REPORT
The scope of this report covers many IGBT applications used globally in various types of end industries. The market is broken down into major packaging types, regions, property, applications and end-user industries. Revenue forecasts from 2015 through 2020 are given for each major IGBT type, with their applications and regional market.
The report also includes a discussion of the major players in each of the regional markets and explains the major global drivers, the current trends, major challenges and the regional dynamics of the market. The report concludes with a special focus on the supplier landscape. It includes detailed profiles of the major vendors in the global IGBT industry, and it discusses the market share of the major players by region.
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