PUBLISHER: Allied Market Research | PRODUCT CODE: 1239556
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239556
The global IGBT and super junction MOSFET market was valued at $11.1 billion in 2021 and is projected to reach $33.1 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.
IGBT and super junction MOSFET are advanced semiconductor devices that are used for faster switching and higher efficiency. By supplying both a high input impedance and a high-voltage drive, IGBTs combine the advantages of MOSFETs and bipolar transistors.
The growth of the global IGBT and super junction MOSFET market is majorly driven by increased dependence on electrical equipment and machinery coupled with the aggrandized need for high-voltage operating devices. Moreover, an increase in emphasis on power saving is expected to drive market growth. However, limited operations and the high overall cost is acting as prime restraint of the global market. On the contrary, the rise in government initiatives to establish HVDC and smart grids is anticipated to provide lucrative opportunities for the IGBT and super junction MOSFET industry during the forecast period.
The IGBT and super junction MOSFET market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into IGBT (Discrete IGBT and IGBT Module) and Super Junction MOSFET. By application, the market is classified into energy & power, consumer electronics, inverter & UPS, electric vehicle, industrial systems, and others. Region-wise, the IGBT and super junction MOSFET market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include ABB Ltd., Infineon Technologies AG, STMicroelectronics, Toshiba Corporation, Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Renesas Electronics, NXP Semiconductors, Semikron International GmbH, IXYS Corporation.