To know more about this report | Request Free Sample Copy Growth Drivers
By region, Asia-Pacific was the leading revenue generator in 2021. By voltage, the high voltage segment was leading in 2021. By application, industrial manufacturing garnered the maximum market share in 2021. The market is projected to grow at a significant rate due to the growing applications of semiconductors and electronic components. In terms of revenue, the global insulated gate bipolar transistor (IGBT) market size was valued at around USD 7.7 billion in 2021 and is projected to reach USD 12.5 billion, by 2030. As per the analysis shared by the research analyst, the global insulated gate bipolar transistors market (IGBT) is estimated to grow annually at a CAGR of around 11.6% over the forecast period (2022-2030). The raw materials that were required for the manufacturing of the semiconductors and electronic components experienced a shortage. The outbreak of the pandemic had a major impact on the growth of the market because of the various restrictions that were imposed on transportation facilities. Features such as thermal resistivity, chip density, and efficiency are expected to boost the size of the insulated gate bipolar transistors (IGBT) market and attract potential consumers. Constant research and development programs are carried out by the key market players to introduce new insulated gate bipolar transistor chips and modules that will assist in reducing energy consumption. The active participation of the government to encourage people to utilize renewable sources of energy has also supported the growth of the market considerably. 
The increasing demand for the conservation of energy and reduction of carbon dioxide emissions has helped the market to record significant revenue. A tremendous surge in demand has been experienced for these technologies from the manufacturing industry, consumer electronics, railway, energy and power, and the automotive industry. The higher switching frequency proves to be beneficial as it requires minimum conduction losses. The insulated gate bipolar transistors are voltage-controlled electronic devices that are utilized in high-voltage applications. To know more about this report | Request Free Sample Copy Market Overview In addition, the report explores emerging opportunities in the Insulated gate bipolar transistor (IGBT) market.
The report analyzes the drivers, restraints/challenges, and the effect they have on the demands during the projection period. According to the report published by Facts Factors, the global insulated gate bipolar transistor (IGBT) market size was worth around USD 7.7 billion in 2021 and is predicted to grow to around USD 12.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.6% between 20.
0 kommentar(er)
