IGBT- Based Power Semiconductor Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2026

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Japan, Japan, Sat, 26 Dec 2020 05:52:11 / Comserve Inc. / — The IGBT- Based Power Semiconductor market size accounted for more than $5,495.5 million in 2018 and is estimated to witness a lucrative growth of over 17.6% during the forecast period.

The IGBT- Based Power Semiconductor market size accounted for more than $5,495.5 million in 2018 and is estimated to witness a lucrative growth of over 17.6% during the forecast period.

Due to the increasing usage of power semiconductors in consumer electronic devices, the demand for IGBT-based power semiconductors is increasing. The growing penetration of smartphones and increasing industrial usage of smartphones are also responsible for the growth of the market. There is increasing adoption of power semiconductors in electric automotive. Silicon carbide devices are in use for the onboard battery chargers of electric buses, taxis, and lorries, as well as passenger cars.
Huge investments done by the key manufacturers in IGBT-Based Power Semiconductor market in R&D activities to improve the durability and the performance of the power semiconductors with the help of Insulated Gate Bipolar Transistor is anticipated to create better growth opportunities during the forecast period.

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Based on Type, the IGBT- Based Power Semiconductor market is categorized into Discrete, Modules, and Integrated Circuits (ICs). Modules segment is anticipated to drive the market growth in the recent years growing at a CAGR of 18.6% during the forecast period, reaching $7,938.1 million by 2026.

IGBT- Based Power Semiconductor market based on applications is divided into Consumer Electronics, Industrial Technology, Energy Sector, Aerospace, Automotive and others. Consumer Electronics segment held the largest market value accounting for more than $1,517.1 million in 2018. However, Industrial technology segment is expected to boost the global IGBT- Based Power Semiconductor market in the coming years and account for $3,207.8 million, growing at a CAGR of 18.6% by 2026.

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Depending on the region, the market is segregated into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific accounted for $1,868.5 million in 2018 and is estimated to continue its dominance during the forecasted period. This growth is majorly due to the government policies that are favoring market growth for semiconductors in the near future. The Asia-Pacific region is the largest manufacturer of consumer electronics; this is majorly due to the rising demand for the smart electronic products in this region.
The key market players in IGBT-Based Power Semiconductor market includes Infineon Technologies, Mitsubishi, Fuji Electric, Semikron, ON Semiconductors, Fairchild Semiconductors, Texas Instruments Incorporated, STMicroelectronics, IXYS and Toshiba among many others.

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The post IGBT- Based Power Semiconductor Market Share, Trend, Opportunity, Affect On Demand By COVID-19 Pandemic And Forecast 2020-2026 appeared first on Comserveonline.

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The MarketWatch News Department was not involved in the creation of this content.