IGBT Global Market Research Report

The IGBT, often referred to as the 'CPU' of the power electronics industry, combines the advantages of bipolar triode (BJT) and insulated gate type field effect tube (MOS). This unique structure enables the IGBT to exhibit high input impedance similar to that of a MOSFET, while also maintaining a low on-voltage drop like a GTR.

The main application of IGBT is in the downstream field of new energy vehicles and industrial control. The market share of new energy vehicles is the largest 31%, and industrial control accounts for 20%. New energy accounted for 11% of electricity generation.

The global IGBT module market size is approximately $6.7 billion and is expected to reach $14.5 billion by 2029, with a compound annual growth rate of 13.6% in the coming years . According to the research, there are three major companies in the global IGBT market, which together account for 51% of the market share. Infineon accounted for 27 %, Mitsubishi 14 %and ON Semiconductor 10 %. IGBT single tube and integrated Power module (IPM) market share of 3.5% and 2.2%