Global IGBT Market 2023-2027

Global IGBT Market 2023-2027

Technavio has been monitoring the IGBT market and it is poised to grow by $7292.66 mn during 2023-2027, accelerating at a CAGR of 12.3% during the forecast period. Our report on the IGBT market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government support for EVs or HEVs, high demand for energy-efficient electronic products, and the growth in HVDC lines.

Technavio's IGBT market is segmented as below:

By Product

  • IGBT modules
  • Discrete IGBTs
By Application
  • EV or HEVs
  • Industrial
  • Motor drives
  • Consumer appliance
  • Others
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the functional consolidation of semiconductor devices as one of the prime reasons driving the IGBT market growth during the next few years. Also, the rising focus on renewable power generation and increased copper wire interconnections will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the IGBT market covers the following areas:
  • IGBT market sizing
  • IGBT market forecast
  • IGBT market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IGBT market vendors that include ABB Ltd., Danfoss AS, Hitachi Ltd., Infineon Technologies AG, Jilin Sino Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Mitsubishi Electric Corp., Sanken Electric Co Ltd, SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd, STMicroelectronics NV, Toshiba Corp., Fuji Electric Co. Ltd., IXYS Corp, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp, Renesas Electronics Corp., and ROHM Co. Ltd. Also, the IGBT market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Product
      • Table Executive Summary - Chart on Market Segmentation by Application
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global IGBT market 2017 - 2021
      • Table Historic market size - Data table on global IGBT market 2017 - 2021 ($ million)
    • Product Segment Analysis 2017 - 2021
      • Table Historic market size - Product segment 2017 - 2021 ($ million)
    • Application Segment Analysis 2017 - 2021
      • Table Historic market size - Application segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic market size - Geography segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic market size - Country segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • IGBT modules - Market size and forecast 2022-2027
      • Table Chart on IGBT modules - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on IGBT modules - Market size and forecast 2022-2027 ($ million)
      • Table Chart on IGBT modules - Year-over-year growth 2022-2027 (%)
      • Table Data Table on IGBT modules - Year-over-year growth 2022-2027 (%)
    • Discrete IGBTs - Market size and forecast 2022-2027
      • Table Chart on Discrete IGBTs - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Discrete IGBTs - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Discrete IGBTs - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Discrete IGBTs - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2022-2027 (%)
      • Table Data Table on Application - Market share 2022-2027 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • EV or HEVs - Market size and forecast 2022-2027
      • Table Chart on EV or HEVs - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on EV or HEVs - Market size and forecast 2022-2027 ($ million)
      • Table Chart on EV or HEVs - Year-over-year growth 2022-2027 (%)
      • Table Data Table on EV or HEVs - Year-over-year growth 2022-2027 (%)
    • Industrial - Market size and forecast 2022-2027
      • Table Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • Motor drives - Market size and forecast 2022-2027
      • Table Chart on Motor drives - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Motor drives - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Motor drives - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Motor drives - Year-over-year growth 2022-2027 (%)
    • Consumer appliance - Market size and forecast 2022- 2027
      • Table Chart on Consumer appliance - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Consumer appliance - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Consumer appliance - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Consumer appliance - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing government support for EV or HEVs
      • High demand for energy-efficient electronic products
      • Growth in HVDC lines
    • Market challenges
      • Rising competition from Wide bandgap (WBG) semiconductor materials
      • Increased power dissipation due to reduced size of IGBT modules
      • Selecting suitable IGBTs for electric circuits
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Functional consolidation of semiconductor devices
      • Rising focus on renewable power generation
      • Increased copper wire interconnections
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Danfoss AS
      • Table Danfoss AS - Overview
      • Table Danfoss AS - Business segments
      • Table Danfoss AS - Key news
      • Table Danfoss AS - Key offerings
      • Table Danfoss AS - Segment focus
    • Fuji Electric Co. Ltd.
      • Table Fuji Electric Co. Ltd. - Overview
      • Table Fuji Electric Co. Ltd. - Business segments
      • Table Fuji Electric Co. Ltd. - Key offerings
      • Table Fuji Electric Co. Ltd. - Segment focus
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Key news
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Segment focus
    • Infineon Technologies AG
      • Table Infineon Technologies AG - Overview
      • Table Infineon Technologies AG - Business segments
      • Table Infineon Technologies AG - Key news
      • Table Infineon Technologies AG - Key offerings
      • Table Infineon Technologies AG - Segment focus
    • Jilin Sino Microelectronics Co. Ltd.
      • Table Jilin Sino Microelectronics Co. Ltd. - Overview
      • Table Jilin Sino Microelectronics Co. Ltd. - Product / Service
      • Table Jilin Sino Microelectronics Co. Ltd. - Key offerings
    • Littelfuse Inc.
      • Table Littelfuse Inc. - Overview
      • Table Littelfuse Inc. - Business segments
      • Table Littelfuse Inc. - Key offerings
      • Table Littelfuse Inc. - Segment focus
    • MagnaChip Semiconductor Corp.
      • Table MagnaChip Semiconductor Corp. - Overview
      • Table MagnaChip Semiconductor Corp. - Business segments
      • Table MagnaChip Semiconductor Corp. - Key news
      • Table MagnaChip Semiconductor Corp. - Key offerings
      • Table MagnaChip Semiconductor Corp. - Segment focus
    • Microchip Technology Inc.
      • Table Microchip Technology Inc. - Overview
      • Table Microchip Technology Inc. - Business segments
      • Table Microchip Technology Inc. - Key offerings
      • Table Microchip Technology Inc. - Segment focus
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • ON Semiconductor Corp
      • Table ON Semiconductor Corp - Overview
      • Table ON Semiconductor Corp - Business segments
      • Table ON Semiconductor Corp - Key offerings
      • Table ON Semiconductor Corp - Segment focus
    • Renesas Electronics Corp.
      • Table Renesas Electronics Corp. - Overview
      • Table Renesas Electronics Corp. - Business segments
      • Table Renesas Electronics Corp. - Key offerings
      • Table Renesas Electronics Corp. - Segment focus
    • SEMIKRON Elektronik GmbH and Co. KG
      • Table SEMIKRON Elektronik GmbH and Co. KG - Overview
      • Table SEMIKRON Elektronik GmbH and Co. KG - Product / Service
      • Table SEMIKRON Elektronik GmbH and Co. KG - Key offerings
    • STMicroelectronics NV
      • Table STMicroelectronics NV - Overview
      • Table STMicroelectronics NV - Business segments
      • Table STMicroelectronics NV - Key news
      • Table STMicroelectronics NV - Key offerings
      • Table STMicroelectronics NV - Segment focus
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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