PUBLISHER: QYResearch | PRODUCT CODE: 1860055
PUBLISHER: QYResearch | PRODUCT CODE: 1860055
The global market for IGBT was estimated to be worth US$ 9499 million in 2024 and is forecast to a readjusted size of US$ 14678 million by 2031 with a CAGR of 7.4% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on IGBT cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Insulated Gate Bipolar Transistor (IGBT) is a power semiconductor device that combines the advantages of MOSFET's fast switching capability and the bipolar transistor's high current handling capacity, making it a core component in medium- to high-voltage power conversion systems. IGBT products are mainly classified into discrete devices and IGBT modules, with further segmentation by voltage classes (600V-1200V, 1700V, 3300V, 6500V, etc.) and package types. Their applications are extensive, covering electric vehicles (inverters, on-board chargers, DC-DC converters), renewable energy (wind power, photovoltaic inverters), industrial drives, consumer electronics, railway traction, and smart grids. In the industry value chain, the upstream includes silicon wafers, SiC substrates (for emerging hybrid/next-gen devices), packaging materials, and module assembly equipment. Midstream manufacturers focus on IGBT chip design, wafer fabrication, and module packaging. The downstream sector includes automotive OEMs, renewable energy solution providers, industrial equipment manufacturers, and utility operators. Leading global players include Infineon, Mitsubishi Electric, Fuji Electric, ON Semiconductor, Toshiba, STMicroelectronics, and CRRC Times Electric, while Chinese suppliers such as StarPower, BYD Semiconductor, and Silan are rapidly rising.
At present, the IGBT industry is experiencing strong growth driven by the electrification of transportation and the global energy transition. EV adoption, rapid expansion of renewable energy installations, and demand for high-efficiency industrial automation are creating robust demand for IGBT modules. The technology roadmap is evolving toward higher power density, lower switching losses, enhanced reliability, and integration with wide-bandgap semiconductors such as SiC, leading to hybrid modules that combine cost-performance advantages. In the future, the market will see increasing competition between traditional IGBT solutions and emerging SiC MOSFETs, with IGBT maintaining dominance in cost-sensitive and mid-voltage applications, while SiC expands in high-voltage and high-efficiency domains. Overall, the global IGBT sector will continue its steady growth trajectory, supported by megatrends in e-mobility, renewable energy, and smart electrification infrastructure.
This report aims to provide a comprehensive presentation of the global market for IGBT, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of IGBT by region & country, by Type, and by Application.
The IGBT market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IGBT.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of IGBT manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of IGBT in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of IGBT in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.