IGBT Market Size - Challenges, Opportunities, Statistics to 2023
Market Synopsis: The latest report published by Market Research Future (MRFR) reveals that the Insulated Gate Bipolar Transistor (IGBT) market will grow extensively at 12.5% CAGR over the assessment period (2017-2023). As IGBT combines the insulated gate technology of the Metal Oxide Semiconductor Field Effect Transistor (MOSFET) with the output performance characteristics of a conventional bipolar transistor, the resultant hybrid technology is driving the market for IGBT. IGBT’s applicability can be found in niches such as power electronics, especially in Pulse Width Modulated (PWM) servo and three-phase drives requiring high dynamic range control and low noise; Uninterruptible Power Supplies (UPS); Switched-Mode Power Supplies (SMPS); and other power circuits requiring high switch repetition rates. The growing range of applications is one of the key drivers of the market growth. Other factors responsible for the growth of the IGBT market are low on-state voltage drop, superior on-st...