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| IGBT And Super Junction MOSFET Market |
IGBT (Insulated Gate Bipolar Transistor) and Super Junction MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistor) are power semiconductor devices that are used as an electronic switch in various industrial and automotive applications such as electric and hybrid electric vehicles, renewable energy inverters, industrial motor drives, and power supplies due to their high efficiency and fast switching capabilities.
The global
IGBT and Super Junction MOSFET Market is estimated to be valued at US$ 16178.23 Mn in 2023 and is expected
to exhibit a CAGR of 5.1% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
The IGBT and Super Junction MOSFET market is witnessing significant growth due
to rising deployment of these devices in electric vehicles and renewable energy
systems. With growing emphasis on reducing carbon emissions, the sales of
electric vehicles have increased substantially over the past few years. IGBTs
are widely used in electric vehicle powertrains as they allow for high-power
switching with maximum efficiency. Similarly, IGBTs and super junction MOSFETs
are the preferred devices for renewable energy inverters that convert the
direct current generated from solar panels and wind turbines into alternating
current. The higher conversion efficiency of these devices enables greater
energy yield from renewable systems. The continuous expansion of the electric
vehicle and renewable energy industries is expected to drive the demand for
IGBT and super junction MOSFETs over the forecast period.
Segment Analysis
The global IGBT and Super Junction MOSFET market is dominated by the Industrial
segment. Industrial devices such as inverters, solar modules, electric vehicles
chargers, applications require high power switching which is efficiently
delivered by IGBT and Super Junction MOSFET devices. The industrial segment
accounts for more than 35% of the overall market share owing to widespread
adoption of IGBT/SJ MOSFETs for motor drives, power supplies in applications
related to automotive manufacturing, renewable energy production, factory
automation, and oil & gas equipment among others.
Key Takeaways
The global IGBT
And Super Junction MOSFET Market Share is expected to witness high
growth over the forecast period of 2023 to 2030. Advanced applications
requiring high efficiency power switching capabilities are emerging in
industries such as electric vehicles, renewable energy, automation demanding
wider adoption of IGBTs and SJ MOSFETs. The global IGBT and Super Junction
MOSFET Market is estimated to be valued at US$ 16178.23 Mn in 2023 and is
expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region currently dominates the global market and is expected
to maintain its lead position over the forecast period. This can be attributed
to early adoption of industrial automation, presence of automotive and
electronics manufacturing hubs, and government support for renewable energy
projects in countries such as China, Japan, South Korea and India. Rapid
industrialization and infrastructure development activities are fueling the
demand for IGBT and SJ MOSFET integrated products in the region.
Key players
Key players operating in the IGBT and Super Junction MOSFET market are
Infineon, Mitsubishi Electric Corporation, Fuji Electric, ABB, Toshiba,
Hitachi, Semikron, Danfoss, StarPower Semiconductor, Renesas Electronics, ROHM,
Littelfuse (IXYS), Vincotech, UnitedSiC. Infineon and Mitsubishi Electric
capture majority of global market share owing to their robust product portfolio
and wide distribution channels for power modules catering to diverse industrial
applications globally.
For more details on the report, Read- https://www.ukwebwire.com/immunology-market-value-demand-analysis-and-forecast/
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