The Insulated Gate Bipolar Transistor (IGBT) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Insulated Gate Bipolar Transistor (IGBT) Market?
The global market for insulated gate bipolar transistor (IGBT) has experienced a substantial expansion recently. The market, valued at $9.33 billion in 2024, is projected to reach $10.56 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Insulated Gate Bipolar Transistor (IGBT) Industry?
The market size for insulated gate bipolar transistors (IGBT) is predicted to expand to $17.47 billion by 2029, with a compound annual growth rate (CAGR) of 13.4%.
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What are the Key Growth Drivers Fueling the Insulated Gate Bipolar Transistor (IGBT) Market?
The key drivers in the insulated gate bipolar transistor (igbt) market are:
• Rapid rise in electric mobility
• Expansion of energy storage systems
• Increased demand from aerospace and defense industries
• Surge in electrification and renewable energy expansion
Global Market Segmentation: Identifying Major Insulated Gate Bipolar Transistor (IGBT) Industry Segments
The insulated gate bipolar transistor (IGBT) market covered in this report is segmented –
1) By Type: Discrete, Modular
2) By Power Rating: High Power, Medium Power, Low Power
3) By End-User: EV/HEV, Renewables, UPS, Rail, Motor Drives, Industrial, Commercial
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What are the Emerging Trends Shaping the Future of the Insulated Gate Bipolar Transistor (IGBT) Market?
The key trends in the water filters market are:
• The adoption of wide bandgap semiconductors is an emerging trend in the IGBT market.
• A miniaturization trend is being observed in the future of the IGBT market.
• The IGBT market is being shaped by integration with SiC diodes.
• The future trend in the IGBT industry is smart IGBTs and digital control.
Who Are the Top Competitors & Leading Players in the Insulated Gate Bipolar Transistor (IGBT) Market?
Major companies in the insulated gate bipolar transistor (igbt) market are:
• Renesas Electronics Corporation
• Infineon Technologies AG
• Fuji Electric Co. Ltd.
• ROHM Co. Ltd.
• SEMIKRON International GmbH
• ABB Group
• Advanced Power Electronics Corporation
• Alpha and Omega Semiconductor Inc.
• Applied Power Systems Inc.
• C&H Technology Inc.
• Darrah Electric Company
• Dynex Semiconductor Ltd.
• Infineon Technologies AG
• Jameco Electronics Co.
• Littelfuse Inc.
• Microsemi Corporation
• Mitsubishi Electric Corporation
• NXP Semiconductors N.V.
• ON Semiconductor Corporation
• Powerex Inc.
• Sensitron Semiconductor Co.
• Silan Microelectronics Co. Ltd.
• STMicroelectronics N.V.
• Toshiba Corporation
• Transphorm Inc.
• Vishay Intertechnology Inc.
• WeEn Semiconductors Co. Ltd.
• Wolfspeed Inc.
• Xilinx Inc.
• Yangzhou Yangjie Electronic Technology Co. Ltd.
Regional Dominance: Which Area Leads the Global Insulated Gate Bipolar Transistor (IGBT) Market?
Asia-Pacific was the largest region in the insulated gate bipolar transistor (IGBT) market in 2024
