Overview of the global IGBT-based power module market

Market research analysts at Technavio have predicted that the global IGBT-based power module market will grow steadily at a CAGR of more than 8% by 2020. HVDC technology is primarily used for efficiently transmitting large amounts of electricity over long distances. Motors, lights, and other high-power applications use AC voltage. AC voltage produced at the source has the need to be converted to DC power for reducing transmission losses and then converted back to AC electricity at the destination. Voltage-source converters employed for this purpose use insulated-gate bipolar transistor (IGBT) power modules for high voltage applications. HDVC technology involves fewer transmission lines, less land to set up transmission lines, and incur fewer transmission losses. Also, HVDC systems are more stable, can be easily controlled, and can be interconnected with AC power networks, which will, in turn, increase the adoption of HVDC systems in the power sector.

The need to improve performance and reduce cost and weight of vehicles have led to rapid advances in the automotive electrical and electronic design. Electric vehicles have a much faster response time than mechanical automobiles, and there is a rising demand for electric and hybrid electric vehicles across the globe. IGBT inverters are employed in EVs to convert DC to AC and use thyristors as the power switching device. High-power thyristors are also used in soft starters for electric motors in EVs. The growing adoption of electric vehicles will lead to the rise in the usage of high-power thyristors, which, in turn, will contribute to the growth of the market.

Competitive landscape and key vendors

Due to the presence of a several IGBT manufacturers, this market appears to be relatively fragmented. The vendor competition in the market is intense and mainly attributes to the strong position of the existing vendors. The requirement of high capital is one of the major barriers that restricts the entry of new players in the market. Technological advances in the power semiconductor industry will further intensify the competition among vendors in the coming years.

The prominent vendors in the market are -

• Fairchild Semiconductor
• Fuji Electric
• Infineon Technologies
• Mitsubishi
• Semikron
• STMicroelectronics

Segmentation by application and analysis of the IGBT-based power module market

• Consumer appliances
• Industrial motor drives
• Power supplies
• Renewable energy
• Railroad traction

During 2015, the industrial motor drives market segment accounted for more than 50% of the total IGBT-based power module market shares and dominated the industry. This segment’s growth is mainly driven by the increasing need to reduce energy loss in industrial motor drives. IGBTs provide dynamic range control, and the growing adoption of variable speed motor drives increases the use of IGBTs.

Geographical segmentation and analysis of the IGBT-based power module market

• Americas
• APAC
• EMEA

This market study estimates that APAC will account for more than 66% shares of the global IGBT-based power module market by 2020 and will also dominate this market throughout the forecast period. The increasing demand for power and infrastructure and economic growth in developing countries such as China, India, and South Korea will be major factors fueling the growth of the market in this region. Additionally, rapid industrialization, the rise in demand for efficient energy sources, and the need to reduce CO₂ emissions will also lead to the rise in demand for IGBT power modules from this region.

Key questions answered in the report include

• What will the IGBT-based power module market size and growth rate be in 2020?
• What are the key factors driving the global IGBT-based power module market?
• What are the key market trends impacting the growth of the global IGBT-based power module market?
• What are the challenges to market growth?
• Who are the key vendors in the global IGBT-based power module market?
• What are the market opportunities and threats faced by the vendors in the global IGBT-based power module market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global IGBT-based power module market?

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