IGBT Market: APAC Estimated to Be Fastest Growing Region During 2017-2023

Pune, India -- (SBWire) -- 11/29/2017 --IGBT Market, By Type (Module), By Power Rating (Medium Power), By Application (Energy & Power, Inverter & UPS, Industrial Systems)-Forecast 2023

In this technologically driven environment with development in each and every sector, the IGBT market is coming up with whole new innovation in the power transmission components. It has a very low on-state voltage drop due to conductivity modulation and has superior on-state current density. So smaller chip size is possible and the cost can be reduced. Low driving power and a simple drive circuit due to the input MOS gate structure. It can be easily controlled as compared to current controlled devices (thyristor, BJT) in high voltage and high current applications.

Market Synopsis of IGBT Market:
Market Scenario:
The insulated gate bipolar transistor market is increasing because of its identical characteristics of faster switching rate and great efficiency. The IGBT has high input impedance and high-speed characteristics of a metal oxide semiconductor field effect transistor with the conductivity characteristic (low saturation voltage) of a bipolar transistor.

The main advantages of using insulated gate bipolar transistor over other types of transistor devices are its high voltage capability, low on-resistance, ease of drive, relatively fast switching speeds and combined with zero gate drive current makes it a good choice for moderate speed, high voltage applications.

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The IGBT market is segmented on the basis of type, power rating and application. Discrete IGBT for hard switching applications such as welding, solar, UPS, home appliances and industrial drives as well as for soft switching applications such as induction cooking and other resonant applications. The devices come co-packed with an anti-parallel diode or with monolithically integrated diode to fit the application best.

The global IGBT market is expected to grow approximately at USD 11 Billion by 2022, at approx. 9% of CAGR between 2017 and 2023

Segments:
IGBT market for segment on the basis of Type, Power Rating and Application.
IGBT Market by Type:
-Discrete
-Module

IGBT Market by Power Rating:
-High Power
-Medium Power
-Low Power

IGBT Market by Application:
-Energy & Power
-Consumer Electronics
-Inverter & Ups
-Electric Vehicle
-Industrial System
-Railways
-Motor Drive
-Others

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Regional Analysis:
The regional analysis of IGBT market in Asia-Pacific, North America, Europe and Rest of the World is as follows. Asia-Pacific region is accounted to be the largest share in IGBT market owing to improvement in technology and renewable energy resources. Asia-Pacific is estimated to be fastest growing region during forecasted period with technological development in china and Japan market is also expected to grow for IGBT. The Europe region is dominating the present global IGBT market in terms of market value with Germany and U.K leading the market growth.

Key Players:
The prominent players in the IGBT market are – ABB Ltd. (Switzerland), Danfoss A/S (Denmark), STMicroelectronics N.V. (Switzerland), Toshiba Corporation (Japan), Fairchild Semiconductor International, Inc. (U.S.), Fuji Electric Co. Ltd. (Japan), Hitachi Ltd. (Japan), Infineon Technologies AG (Germany), Mitsubishi Electric Corp. (Japan), Renesas Electronics Corp. (Japan), among others.