The market is concentrated, and the degree of concentration will accelerate during the forecast period. Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV, and Toshiba Corp. are some of the major market participants. Although the increasing government support for EV/HEVs, high demand for energy-efficient electronic products will offer immense growth opportunities, rising competition from WBG semiconductor materials and increased power dissipation due to reduced size of IGBT modules will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
IGBT Market 2021-2025 : Segmentation
- Product
- IGBT Modules
- Discrete IGBTs
- Application
- EV/HEVs
- Industrial
- Motor Drives
- Consumer Appliances
- Others
- Geography
- APAC
- Europe
- North America
- South America
- MEA
Learn more about each contributing segment impacting the future of the IGBT market. Download Your Free Sample Here
IGBT Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our IGBT market report covers the following areas:
This study identifies growth in HVDC lines as one of the prime reasons driving the IGBT market growth during the next few years.
IGBT Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the IGBT market. Backed with competitive intelligence and benchmarking, our research report on the IGBT Market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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IGBT Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist IGBT market growth during the next five years
- Estimation of the IGBT market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the IGBT market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of IGBT market vendors
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IGBT Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 12% |
Market growth 2021-2025 |
$ 5.70 billion |
Market structure |
Concentrated |
YoY growth (%) |
12.23 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 69% |
Key consumer countries |
China, Japan, South Korea (Republic of Korea), US, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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