Fmi: Igbt Market Revenue, Opportunity, Forecast and Value Chain 2015-2025

IGBT Market Overview
Insulated Gate Bipolar Transistor formally known as IGBT is a power electronic semiconductor device. This device have its major application in switches, phase control and pulse modulation because of its high efficiency and fast switching. Electric power is a basic requirement of modern society and absence of electricity will create a huge loss and damage to human life as well as society. IGBT helps in reducing the congestion in power supply which will results into smooth electricity supply. IGBT have applications across various industrial verticals because of high power efficiency, ability to work in low power and high blocking voltage. IGBT is coming into focus because of its ability to lower switching loss which reduces thermal stress on electric device and results into extended device life and provides greater reliability. This market is very attractive and projected to grow rapidly because of increasing investment in Research and development of IGBT chips, module optimization for reduction in power consumption, modified chip density and thermal resistivity. These all features of IGBT are helping in strengthening the market position of IGBT power electronic semiconductor device market.

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IGBT Market Dynamics
Global IGBT market is currently in its growth stage and shows significant potential across various industrial verticals. Major factors which are driving the growth of global IGBT market are increasing demand of replacement of old power infrastructures in developed regions such as North America and Europe, increasing government incentives and growing need of improved power cycling capacity and thermal capacity. Apart from these, increasing demand of energy efficient electronic devices, IGBT’s ability to improve efficiency of several electronics devices and also ability to play important role in technological advancement of power electronic has...