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IGBT Market Size to Grow by USD 5.70 Billion| Evolving Opportunities with Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., and Mitsubishi Electric Corp. among others|Technavio

·11 min read

NEW YORK, June 15, 2022 /PRNewswire/ -- The latest market research report titled IGBT Market by Product, Application, and Geography - Forecast and Analysis 2021-2025 is recently added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 12%. The IGBT market report also ensures the market growth potential difference to reach USD 5.70 billion from 2020 to 2025. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. High demand for energy-efficient electronic products and growth in HVDC lines will offer immense growth opportunities. However, rising competition from wide bandgap (WBG) semiconductor materials is likely to pose a challenge for the market vendors.

Technavio has announced its latest market research report titled
IGBT Market by Product, Application, and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled IGBT Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

Request Sample Report With CAGR of YOY growth variance analysis

Frequently Asked Questions:

  • Based on segmentation by Product, which is the leading segment in the market?
    The IGBT modules product segment held the largest IGBT market share in 2020.

  • What was the anticipated YOY in 2021?.
    Estimated YOY in 2021 was 12.23%

  • What is the market vendor landscape like?
    The IGBT market is concentrated.

  • How big is the APAC market? 
    69% of the growth will be contributed by APAC.

View market snapshot before purchasing

IGBT Market Vendor Insights

  • The IGBTmarket is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

  • To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

  • In a bid to help players strengthen their market foothold, this igbt market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Key companies covered in the report with their prominent offerings are:

  • Fuji Electric Co. Ltd.: The company offers IGBT modules such as IPM, PIM, Chopper, and more.

  • Hitachi Ltd.: The company offers IGBT for wide range of applications such as railway applications and various power conveters.

  • Infineon Technologies AG: The company offers high quality IGBT power modules in different product families, configurations, current ratings as well as IGBT chip generations for an almost infinite number of applications.

  • Littelfuse Inc.: The company offers wide range of IGBT such as BiMOSFET, NPT, XPT, and more.

  • Mitsubishi Electric Corp.: The company offers IGBT modules such as T series, S series, and others.

Some other companies covered in this report are:

  • ON Semiconductor Corp.

  • Renesas Electronics Corp.

  • SEMIKRON Elektronik GmbH & Co. KG

  • STMicroelectronics NV

  • Toshiba Corp.

View Report Sample to know more about each contributing vendor and market share

IGBT Market Revenue-generating Segment Insights

  • Product

  • Application

  • Geographic

Download Sample Report Right Here to uncover successful business strategies deployed by IGBT Market Companies 

IGBT Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The IGBT market report covers the following areas:

IGBT Market Key Takeaways

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist IGBT market growth during the next five years

  • Estimation of the IGBT market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the IGBT market across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of IGBT market vendors

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IGBT Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 12.08%

Market growth 2021-2025

$ 5.70 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 69%

Key consumer countries

China, Japan, South Korea (Republic of Korea), US, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Littelfuse Inc., Mitsubishi Electric Corp., ON Semiconductor Corp., Renesas Electronics Corp., SEMIKRON Elektronik GmbH & Co. KG, STMicroelectronics NV, and Toshiba Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market Overview

2 Market Landscape

  • 2.1 Market ecosystem

  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2020

  • 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

  • 5.2 Comparison by Product

  • 5.3 IGBT modules - Market size and forecast 2020-2025

  • 5.4 Discrete IGBTs - Market size and forecast 2020-2025

  • 5.5 Market opportunity by Product

6 Market Segmentation by Application

  • 6.1 Market segments

  • 6.2 Comparison by Application

  • 6.3 EV/HEVs - Market size and forecast 2020-2025

  • 6.4 Industrial - Market size and forecast 2020-2025

  • 6.5 Motor drives - Market size and forecast 2020-2025

  • 6.6 Consumer appliances - Market size and forecast 2020-2025

  • 6.7 Others - Market size and forecast 2020-2025

  • 6.8 Market opportunity by Application

7 Customer landscape

  • 7.1 Overview

8 Geographic Landscape

  • 8.1 Geographic segmentation

  • 8.2 Geographic comparison

  • 8.3 APAC - Market size and forecast 2020-2025

  • 8.4 Europe - Market size and forecast 2020-2025

  • 8.5 North America - Market size and forecast 2020-2025

  • 8.6 South America - Market size and forecast 2020-2025

  • 8.7 MEA - Market size and forecast 2020-2025

  • 8.8 Key leading countries

  • 8.9 Market opportunity by geography

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers

  • 9.2 Market challenges

  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Competitive Overview

  • 10.2 Overview

  • 10.3 Landscape disruption

11 Vendor Analysis

  • 11.1 Vendors covered

  • 11.2 Market positioning of vendors

  • 11.3 Fuji Electric Co. Ltd.

  • 11.4 Hitachi Ltd.

  • 11.5 Infineon Technologies AG

  • 11.6 Littelfuse Inc.

  • 11.7 Mitsubishi Electric Corp.

  • 11.8 ON Semiconductor Corp.

  • 11.9 Renesas Electronics Corp.

  • 11.10 SEMIKRON Elektronik GmbH & Co. KG

  • 11.11 STMicroelectronics NV

  • 11.12 Toshiba Corp.

12 Appendix

  • 12.1 Scope of the report

  • 12.2 Currency conversion rates for US$

  • 12.3 Research methodology

  • 12.4 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)

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