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Insulated Gate Bipolar Transistor Market

Insulated Gate Bipolar Transistor Market Size by Type (Discrete & Module), Application (Automotive, Commercial, Industrial, Renewables, Railways, UPS & Inverter & Others), Power Rating, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12687
  • Published Date: Mar, 2022
  • Pages: 236
  • Category: Information Technology & Semiconductors
  • Format: PDF
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The global insulated gate bipolar transistor market is expected to reach USD 17.9 billion by 2030, at a CAGR of 10.7% from 2022 to 2030. Insulated gate bipolar transistor market growth would be driven by increasing demand for electric vehicles, hybrid electric vehicles & high end home appliances to reduce power loss and conserve energy. The above mentioned applications are high voltage, high current carrying devices and use of insulated gate bipolar transistors is ideal for these.

Market Overview:

The insulated gate bipolar transistor (IGBT) is a semiconductor device used in high voltage, high current appliances. The insulated gate bipolar transistor has a wide application; it is used in cookers, power transmission systems, stereo systems, microwaves, variable speed refrigerators, electric vehicles, trains, among various other things. The structure of an insulated gate bipolar transistor consists of a bipolar transistor & insulated gate terminal. The transistor is an electronic device used for generating, controlling & amplifying electric signals or power. The said structure allows the IGBT to facilitate the fastest possible switching of electric current. Fast switching speed reduces power loss & hence conserves energy. A conventional system like Metal Oxide Semiconductor Field-Effect Transistor (MOSFET) & Bipolar Junction Transistor (BJT) is unreliable for high current applications. Also, IGBTs are cost-effective when compared to MOSFET & BJT. The increasing demand for electric & hybrid electric vehicles is the most prominent factor which will drive the demand for IGBTs. The rising fuel prices and concerns about increasing emissions are attributed to the increasing demand for electric & hybrid electric vehicles. The increase in disposable income of the population has led to an upsurge in demand for high-end home appliances such as refrigerators, microwaves, dishwashers, air conditioners & washing machines. These appliances use IGBTs; the increase in demand will facilitate a parallel rise of IGBTs. Increased research leading to production innovations will widen the scope of IGBTs applications, fueling the market's growth in the forecast period.

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Market Dynamics:

Drivers:
  • Increasing demand for electric & hybrid electric vehicles

The demand for electric & hybrid electric vehicles is on the rise in developing economies such as China & India, attributed to the increase in disposable income of the population. The surge in fuel prices across the globe contributes to the rising demand for electric & hybrid electric vehicles, which are fuel-efficient. Favorable government policies aimed at encouraging production and market demand for hybrid vehicles to cut down emissions will significantly contribute to the growth of this market. Combined developments will drive the insulated gate bipolar transistors market as IGBTs form a fundamental component of these vehicles.

Restraints:
  • Complex designing of IGBTs

Insulated gate bipolar transistors are used in high voltage, high current devices to achieve fast switching speeds. However, IGBTs are not resistant to high temperatures and wear out quickly. Latch-up is a part of IGBTs, and it has an easily breakable nature which often leads to failure of the device. If not corrected, this failure escalates to overstress, which leads to a high turn of time, resulting in loss of power. Loss of power defeats the main purpose of IGBTs which is conserving energy. New designs that are being tested look promising; these are fail-safe mechanism that prevents energy loss.

Opportunities:
  • New & favorable government initiatives

The increased pace of climate change has created an urgency to cut down carbon emissions drastically. There is an evident shift in government initiatives that involves establishing renewable energy sources & smart power grids. Some of the most prominent renewable energy sources are solar energy & wind energy. The turbines & photovoltaic cells used in these energy sources make use of IGBTs. The rise in renewable energy production will be beneficial for the IGBT market. The government subsidies & incentives for encouraging the production and consumption of electrical & hybrid electric vehicles will also provide lucrative opportunities for the IGBT market.

Challenges:
  • High production costs

Insulated gate bipolar transistors are used in high voltage, high current devices to achieve fast switching speeds, making their production expensive. While it is affordable to well-established players, it is expensive for the new and small entrants of the market. The untapped potential of the developing economies will remain unexploited if IGBTs continue to be expensive. Product innovations focused on reduced production costs need to be encouraged, economies of scale need to be achieved to overcome this challenge. The consumer market will expand when the prices go down.

Segmentation Analysis:

The global insulated gate bipolar transistor market has been segmented based on type, application, power rating, and regions.

  • The type segment is divided into discrete & module. The module segment dominated the market, with a market share of around 58% in 2021. The use of module IGBTs in appliances allows easy control at high voltages. The ease of control facilitates the conservation of energy. The greater efficiency of the IGBT module is a fundamental contributing factor for its dominance in the market.
  • The application segment is divided into automotive, commercial, industrial, renewables, railways, UPS & inverter & others. Over the forecast period, the automotive segment is expected to grow at the fastest CAGR of 13.6%. The growing demand for electric & hybrid electric vehicles due to rising fuels prices & growing emission concerns will drive the growth for this segment.
  • The power rating segment is divided into high voltage, medium voltage & low voltage. In 2021, the high voltage segment dominated the market, accounting for around 46% of global revenue. The growth of the automotive, manufacturing, aerospace sectors will contribute towards the demand for high voltage IGBTs. Sectors mentioned above need devices with high current carrying capability, fast switching rate, and minimal power dissipation, all of which are fulfilled by high voltage IGBTs.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region emerged as the largest market for the global insulated gate bipolar transistor market, with a 39.1% share of the market revenue in 2021.

  • The Asia Pacific currently dominates the insulated gate bipolar transistor market due to an increase in the disposable income of consumers, which has led to a rise in demand for electric, hybrid electric vehicles, high-end home appliances. Asia-Pacific is expected to continue its dominance in the forecast period due to the adoption of new policies by the government, which is encouraging the establishment of smart power grids with high voltage direct current capabilities.

Asia Pacific region Insulated Gate Bipolar Transistor Market Share in 2021 - 39.1%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global insulated gate bipolar transistor industry.

In July 2020, Hitachi ABB Power Grids, Ltd. was established. This entity results from a joint venture between ABB Ltd. and Hitachi, Ltd. The venture aims to create dominance in niche segments of electrical mobility, information technology (IT), smart life, and industry. The venture was valued at an estimated amount of USD 11 billion.

List of Key Market Players:

  • Renesas Electronics Corporation
  • Fuji Electric Co. Ltd.
  • Semikron International GmbH
  • Infineon Technologies AG
  • ABB Ltd.
  • Hitachi, Ltd.
  • Toshiba Corporation
  • Fujitsu Ltd.
  • NXP Semiconductors N.V.
  • ROHM Co. Ltd.

Key Target Audience

  • Market Players
  • Investors
  • Automobile Manufacturers
  • Original Equipment Manufacturers
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global insulated gate bipolar transistor Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2021 are the historic years, and 2022 to 2030 are the forecast years. The global insulated gate bipolar transistor market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each segment, region, and country catering to the global insulated gate bipolar transistor market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of insulated gate bipolar transistor based on type, applications, power rating, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global insulated gate bipolar transistor market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global insulated gate bipolar transistor market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter's five forces analysis coupled with SWOT analysis to provide business related data and information. Porter's five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company's growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related, i.e., global insulated gate bipolar transistor market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the insulated gate bipolar transistor market was valued at USD 7.2 billion in 2021 to USD 17.9 billion by 2030.

The global insulated gate bipolar transistor market is growing at a CAGR of 10.7% during the forecast period 2022-2030.

The global insulated gate bipolar transistor market has been segmented based on type, applications, power rating, and regions. The module segment led the market in 2021. The high voltage segment led the market in 2021.

Asia Pacific region emerged as the largest market for insulated gate bipolar transistor market.

The market's growth will be influenced by increasing demand for electric & hybrid electric vehicles.

Complex designing of IGBTs could hamper the market growth.

New & favorable government initiatives will provide huge opportunities to the market.

Key players are Renesas Electronics Corporation, Fuji Electric Co. Ltd., Semikron International GmbH, Infineon Technologies AG, ABB Ltd., Hitachi, ltd., Toshiba Corporation, Fujitsu Ltd., NXP Semiconductors N.V., and ROHM Co. Ltd.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Power Rating
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for electric & hybrid electric vehicles
    5.3. Restraints
          5.3.1. Complex designing of IGBTs
    5.4. Opportunities
          5.4.1. New & favourable government initiatives
    5.5. Challenges
          5.5.1. High production costs

6. Global Insulated Gate Bipolar Transistor Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Discrete
    6.3. Module

7. Global Insulated Gate Bipolar Transistor Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Automotive
    7.3. Commercial
    7.4. Industrial
    7.5. Renewables
    7.6. Railways
    7.7. UPS & Inverter
    7.8. Others

8. Global Insulated Gate Bipolar Transistor Market Analysis and Forecast, By Power Rating
    8.1. Segment Overview
    8.2. High Voltage
    8.3. Medium Voltage
    8.4. Low Voltage

9. Global Insulated Gate Bipolar Transistor Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Insulated Gate Bipolar Transistor Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Insulated Gate Bipolar Transistor Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Renesas Electronics Corporation
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Fuji Electric Co. Ltd.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Semikron International GmbH
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Infineon Technologies AG
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. ABB Ltd.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Hitachi, ltd.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Toshiba Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Fujitsu Ltd.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. NXP Semiconductors N.V.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. ROHM Co. Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Component Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

2. Global Discrete Column Insulated Gate Bipolar Transistor Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

3. Global Module Column Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

4. Global Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

5. Global Automotive Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

6. Global Commercial Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

7. Global Industrial Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

8. Global Renewables Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

9. Global Railways Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

10. Global UPS & Inverter Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

11. Global Others Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

12. Global Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

13. Global High Voltage Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

14. Global Medium Voltage Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

15. Global Low Voltage Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

16. Global Insulated Gate Bipolar Transistor Market, By Region, 2019-2030 (USD Billion) 

17. North America Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

18. North America Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

19. North America Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

20. U.S. Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

21. U.S. Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

22. U.S. Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

23. Canada Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

24. Canada Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

25. Canada Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

26. Mexico Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

27. Mexico Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

28. Mexico Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

29. Europe Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

30. Europe Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

31. Europe Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

32. Germany Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

33. Germany Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

34. Germany Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

35. France Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

36. France Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

37. France Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

38. U.K. Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

39. U.K. Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

40. U.K. Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

41. Italy Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

42. Italy Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

43. Italy Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

44. Spain Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

45. Spain Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

46. Spain Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

47. Asia Pacific Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

48. Asia Pacific Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

49. Asia Pacific Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

50. Japan Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

51. Japan Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

52. Japan Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

53. China Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

54. China Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

55. China Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

56. India Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

57. India Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

58. India Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

59. South America Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

60. South America Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

61. South America Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

62. Brazil Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

63. Brazil Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

64. Brazil Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

65. Middle East and Africa Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

66. Middle East and Africa Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

67. Middle East and Africa Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

68. UAE Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

69. UAE Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

70. UAE Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

71. South Africa Insulated Gate Bipolar Transistor Market, By Type, 2019-2030 (USD Billion) 

72. South Africa Insulated Gate Bipolar Transistor Market, By Application, 2019-2030 (USD Billion) 

73. South Africa Insulated Gate Bipolar Transistor Market, By Power Rating, 2019-2030 (USD Billion) 

List of Figures 

1. Global Insulated Gate Bipolar Transistor Market Segmentation

2. Insulated Gate Bipolar Transistor Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Insulated Gate Bipolar Transistor Market Attractiveness Analysis By Type

9. Global Insulated Gate Bipolar Transistor Market Attractiveness Analysis By Application

10. Global Insulated Gate Bipolar Transistor Market Attractiveness Analysis By Power Rating

11. Global Insulated Gate Bipolar Transistor Market Attractiveness Analysis By Region

12. Global Insulated Gate Bipolar Transistor Market: Dynamics

13. Global Insulated Gate Bipolar Transistor Market Share by Type (2022 & 2030)

14. Global Insulated Gate Bipolar Transistor Market Share by Application (2022 & 2030)

15. Global Insulated Gate Bipolar Transistor Market Share by Power Rating (2022 & 2030)

16. Global Insulated Gate Bipolar Transistor Market Share by Regions (2022 & 2030)

17. Global Insulated Gate Bipolar Transistor Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global insulated gate bipolar transistor market based on below-mentioned segments:

Global Insulated Gate Bipolar Transistor Market By Type:

  • Discrete
  • Module

Global Insulated Gate Bipolar Transistor Market By Application:

  • Automotive
  • Commercial
  • Industrial
  • Renewables
  • Railways
  • UPS & Inverter
  • Others  

Global Insulated Gate Bipolar Transistor Market By Power Ratings:

  • High Voltage
  • Medium Voltage
  • Low Voltage

Global Insulated Gate Bipolar Transistor Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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