Global Insulated-Gate Bipolar Transistor (IGBT) Market Size, Share, to 2019-2025Posted by nabeel on February 15th, 2021 The insulated-gate bipolar transistor (IGBT) market is anticipated to grow at a CAGR of more than 8.0% during the forecast period. IGBT is a type of semiconductor which is utilized as an electronic switch device. It is also called as minority carrier device which aids faster switching rate and provides greater efficiency and is a cost-effective solution to replace Metal Oxide Semiconductor Field Effect Transistor (MOSFET) that is compatible with larger voltage and current. IGBT is extensively used in consumer electronics, electric vehicle and industrial systems due to factors such as high-speed switching rate and optimized power loss and to improve power management by increasing energy conservation owing to this, the IGBT market is significantly growing. To Request a Sample of our Report on Global Insulated-Gate Bipolar Transistor (IGBT) Market : https://www.omrglobal.com/request-sample/insulated-gate-bipolar-transistor-igbt-market Further, application in renewable energy sources and the electric vehicle industry is also fueling the market growth. electric vehicles use power control modules to turn energy from fuel cells and batteries to alternating current to drive the engine. Hence, the growing demand for electric vehicles is driving the market. The chances of current leakage at high temperature is the restraining factor of market growth. However, proactive government initiatives to develop high voltage direct current and smart grid utilizing IGBT for power conservation offer lucrative opportunities for the IGBT market in the near future. Market Segmentation Global IGBT Market by Type
Global IGBT Market by Application
Regional Analysis North America
Europe
Asia-Pacific
Rest of the World Company Profiles
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