According to the Report “Global IGBT Market 2014-2018”, An IGBT is a semiconductor component used in power electronic devices across several industries because it has high-power efficiency, high blocking voltage, and the ability to work on low power. An IGBT module is formed by arranging, in parallel, several discrete IGBTs in a single casing. These modules are used in industrial motors, railway traction, power supplies, renewable energy, and consumer appliances. These modules are also used to drive electric motors in both automotive and industrial applications.
Analysts forecast the Global IGBT market will grow at a CAGR of 9.07 percent over the period 2013-2018.
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The Report recognizes the following companies as the key players in the Global IGBT Market: Fairchild Semiconductor Inc., Fuji Electric Co. Ltd, Infineon Technologies AG, Mitsubishi Electric Corp., Semikron International GmbH, Alpha and Omega Semiconductor Ltd,International Rectifier, Renesas Electronics Corp., STMicroelectronics N.V., Toshiba Corp.
The worldwide focus on developing low carbon societies has accelerated the use of renewable sources of energy such as wind power and solar power. IGBTs' unique characteristics such as low power loss, high rated current, and robustness have led to their extensive use in renewable energy applications. For instance, IGBTs' major applications in wind turbines are in adjustable speed motor drives. They are also used in power generation plants and circulation systems. The increased need for increased thermal capacity and power cycling capacity is also playing a significant role in driving the adoption of IGBT modules in wind turbine applications .
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Covered in this Report
The Global IGBT market can be divided into six segments based on application into Consumer, EV/HEV, Industrial Motor Drives, Renewable Energy, Traction, and Others.
Global IGBT Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC, the Americas, China, the EMEA region, and Japan; it also covers the Global IGBT market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the growth of the Global IGBT market is driven by several factors, a major factor being the need for energy-efficient electronic products. IGBTs increase the efficiency of electronic devices ranging from consumer electronics to several high power electronic applications. They also play a major role in the technological advancement of power electronics. Another major driver of the market is high demand for discrete IGBTs.
Further, the report states that despite the presence of the drivers, the Global IGBT market faces some major challenges. One such challenge is the economic slowdown that has reduced the demand for power semiconductors such as IGBTs. The demand for power semiconductors is dependent on the growth of various application segments including the Consumer Electronics, EV/HEV, Industrial Motor Drive, Renewable Energy, and Traction application segments. Over the past few years, the use of IGBTs in industrial motor drives has reduced because of factors such as the sluggish economic recovery in the US, the natural disasters in Japan, and the Eurozone debt crisis.
- Fairchild Semiconductor Inc.
- Fuji Electric Co. Ltd
- Infineon Technologies AG
- Mitsubishi Electric Corp.
- Semikron International GmbH
Other Prominent Vendors
- Alpha and Omega Semiconductor Ltd
- International Rectifier
- Renesas Electronics Corp.
- STMicroelectronics N.V.
- Toshiba Corp.
Key Market Driver
- Increasing Demand for Energy-efficient Electronic Products.
Key Market Challenge
- Low Demand Due to Global Economic Slowdown.
Key Market Trend
- Increasing Focus on Clean Energy Solutions.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?