 |
| IGBT And Super Junction MOSFET Market |
The IGBT and Super Junction MOSFET market consists of power semiconductor devices that are used in a variety of end-use industries including consumer electronics, automotive, industrial, and others. IGBTs combine the simple gate-drive characteristics of the MOSFET with the high-current and low-saturation-voltage capabilities of bipolar junction transistors. While Super Junction MOSFET uses charge compensation techniques to achieve high voltage blocking capabilities while maintaining low specific on-resistances. They are used in various applications such as solar inverters, motor drives, electrical vehicles, HVDC transmission, and high-frequency power supplies among others. The growing demand for energy-efficient power conversion solutions and the rise of electric vehicles are expected to propel the growth of the market significantly.
The global
IGBT and Super Junction MOSFET market is estimated to be valued at US$ 18637.33
Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the IGBT and Super Junction MOSFET market are Pfizer
Inc. (U.S.), ARGON MEDICAL (U.S.), Edwards Lifesciences Corporation (U.S.), BD
(U.S.), Alcaliber S.A. (Spain), Lupin Pharmaceuticals, Inc. (India), Vitaltec
Corporation (China), Medtronic (U.S.), Koninklijke Philips N.V. (The Netherlands),
Siemens Healthcare GmbH (Germany), Hitachi Medical Corporation (U.S.), and
Canon Medical Systems Corporation (Japan). The key opportunities in the market
include the growing adoption of SiC and GaN based power semiconductors and
increasing focus on renewable energy resources. In terms of global expansion,
the major players are expanding their production facilities and focusing on
developing economies in Asia Pacific and Latin America to leverage low
manufacturing costs and growing demand from end-use industries.
Market Drivers and Restraint
One of the key drivers for the IGBT
And Super Junction MOSFET Market Demand is the increasing adoption of
electric vehicles. As the demand for electric vehicles continues to rise
rapidly owing to stringent emission norms and consumer shift towards
sustainable mobility solutions, the demand for IGBT and Super Junction MOSFETs
used in motor control, on-board battery charging, and other auxiliary functions
in EVs is expected to increase considerably over the forecast period.
One of the key restraints for the market is the availability of substitutes.
Silicon carbide (SiC) and gallium nitride (GaN) semiconductor devices are
emerging as potential substitutes for IGBTs and MOSFETs in high-voltage and
high-frequency power conversion applications owing to their superior properties
such as higher operating temperature, lower conduction losses, and smaller
size. The availability of such substitutes is expected to challenge the market
dominance of conventional silicon-based IGBT and MOSFET devices over the long
run.
Segment Analysis
The IGBT and super junction MOSFET market is segmented based on the power
rating, voltage, application, and region. The power rating segment is further
divided into high power, medium power, and low power. The high power
sub-segment dominates the market owing to increasing demand for high-power
capacities in industries like renewable energy systems, electric vehicle
chargers, and traction applications. The voltage segment comprises high
voltage, medium voltage, and low voltage. The high voltage sub-segment
dominates as IGBT and super junction MOSFETs are majorly used for high voltage
applications in systems like solar photovoltaic inverters.
Global Analysis
Asia Pacific dominates the IGBT and super junction MOSFET market owing to rapid
industrialization and growing demand for consumer electronics in China, Japan,
India, and South Korea. The growing electronics and automobile industries in
countries like China and Japan are driving heavy adoption of IGBTs and super
junction MOSFETs. Europe holds a significant share due to growing installations
of renewable energy systems. Government initiatives to reduce carbon emissions
and stringent emission norms are propelling the demand for electric vehicles, thereby
boosting the regional market. North America is expected to witness remarkable
growth during the forecast period due to rising investments in LiDAR systems
for autonomous vehicles and increasing adoption of solar power generation
systems. Key players are focusing on expanding their businesses through
strategic collaborations with regional players.
0 Comments