Europe Insulated Gate Bipolar Transistor Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The European Insulated Gate Bipolar Transistor (IGBT) market has experienced significant growth, propelled by the increasing demand for efficient power management across various industries. IGBTs, semiconductor devices that blend the characteristics of bipolar junction transistors and metal-oxide-semiconductor field-effect transistors, are pivotal in applications requiring high power and fast switching capabilities. Their versatility spans motor drives, inverters, power supplies, and industrial automation systems. As industries strive for energy efficiency and advanced power solutions, the role of IGBTs becomes increasingly critical.
In 2020, the European IGBT market volume surged to 6,562.4 thousand units, marking a substantial growth rate of 22.7% from 2019 to 2022. This surge is largely attributed to the rising adoption of electric vehicles (EVs) and renewable energy systems, both of which rely heavily on efficient power electronics. For instance, Portugal witnessed a remarkable 69.3% increase in EV sales in January 2023, highlighting the growing shift towards sustainable transportation solutions. This trend necessitates advanced power modules, such as IGBTs, to manage the complex electrical demands of EVs effectively. citeturn0search0
The market is diverse, with applications spanning energy and power, inverters and uninterruptible power supplies (UPS), electric vehicles, industrial systems, and consumer electronics. The demand for IGBTs varies across these sectors, influenced by factors such as power rating requirements and technological advancements. For example, the automotive sector's shift towards electric mobility has spurred the need for high-power IGBTs capable of handling the substantial energy demands of EV drivetrains. citeturn0search0
Geographically, Germany leads the European IGBT market, with projections indicating a market value of $704.4 million by 2030. The United Kingdom and France are also significant contributors, with expected compound annual growth rates (CAGR) of 5.1% and 6.9%, respectively, from 2023 to 2030. This growth is indicative of the region's commitment to adopting advanced power semiconductor technologies to meet evolving industrial and consumer demands. citeturn0search0
Key players in the European IGBT market include Infineon Technologies AG, Toshiba Corporation, STMicroelectronics N.V., NXP Semiconductors N.V., and ABB Group. These companies are at the forefront of developing innovative IGBT solutions, addressing the unique requirements of various applications and industries. Their continuous investment in research and development ensures the availability of IGBTs that meet the stringent demands of modern power electronics. citeturn0search0
The European IGBT market's trajectory reflects a broader trend towards electrification and energy efficiency. As industries continue to embrace technologies that reduce carbon footprints and enhance energy utilization, the demand for advanced power semiconductors like IGBTs is expected to rise. This trend presents opportunities for further innovation and growth within the semiconductor industry, aligning with global sustainability goals and the transition towards renewable energy sources.
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Infineon Technologies AG
Fujitsu Ltd
NXP Semiconductors N.V
STMicroelectronics N.V.
Toshiba Corporation
Vishay Intertechnology
Inc Renesas Electronics Corporation
ROHM Co. Ltd
Fairchild Semiconductor International
Inc Fuji Electric Co. Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Insulated Gate Bipolar Transistor Market
Trench IGBT
Planar IGBT
Low Voltage (up to 1 kV)
Medium Voltage (1 kV - 3 kV)
High Voltage (above 3 kV)
Power Electronics
Motor Drives
Renewable Energy
Electric Vehicles
Industrial Equipment
Automotive
Energy & Power
Consumer Electronics
Telecommunications
Aerospace & Defense
Discrete IGBT
Module IGBT
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Insulated Gate Bipolar Transistor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Insulated Gate Bipolar Transistor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Insulated Gate Bipolar Transistor Market, By Type
6. Europe Insulated Gate Bipolar Transistor Market, By Application
7. Europe Insulated Gate Bipolar Transistor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Insulated Gate Bipolar Transistor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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