IGBT Market by Product, Application, and Geography - Forecast and Analysis 2023-2027

Published: Nov 2022 Pages: 177 SKU: IRTNTR43907

IGBT Market Forecast 2023-2027 

The IGBT market is estimated to grow by USD 7.29 billion at a CAGR of 12.3% between 2022 and 2027. The increasing government support for EVs or HEVs, including incentives and subsidies, is driving the adoption of energy-efficient vehicles and the development of supporting infrastructure. The high demand for energy-efficient electronic products, such as appliances and consumer electronics, is fueling innovation in energy-efficient technologies and driving market growth. Additionally, the growth in HVDC lines is enabling the efficient transmission of electricity over long distances, supporting the integration of renewable energy sources, and driving growth in the energy sector.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by product (IGBT modules and discrete IGBTs), application (EV or HEVs, industrial, motor drives, consumer appliance, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

Market Dynamics and Customer Landscape

The market is driven by advancements in power device technologies and the increasing demand for inverter applications across various industries. IGBTs play a crucial role in power transistors, offering efficient heat dissipation and contributing to reducing carbon dioxide emissions. With the rising cost of electricity, there is a growing need for electronic products that can enhance energy efficiency, particularly in the EV market and solar and wind applications. The development of high-power semiconductor devices is crucial for renewable projects, enabling efficient conversion of DC voltage to AC voltage. IGBTs are integral components in solar inverter applications and play a vital role in managing frequency and voltage in electrical systems, including smart grids and power transmission & distribution systems. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

High demand for energy-efficient electronic products is notably driving the market growth. Governments worldwide are implementing policies like energy performance labels and standards to promote environmental safety, raise general awareness about energy conservation, and reduce utility bills. These policies, coupled with the increasing cost of energy, are driving manufacturers to develop more energy-efficient products. Efficient energy use is crucial for building a sustainable society, as it helps reduce carbon dioxide emissions and lower electricity consumption across various sectors such as transportation, household appliances, electric power, and industrial equipment.

This efficiency is particularly important for advancing renewable projects and supporting the growth of the EV market, as well as for optimizing solar and wind applications. High-power semiconductor devices like IGBTs play a key role in enabling this energy efficiency. Energy-efficient products can lower power bills by around 20%. This has resulted in a growing demand for power electronic products like IGBTs, which provide stable electric power to applications, allowing for controlled power distribution based on requirements. This improves efficiency, performance, and device lifespan. These factors are expected to drive the demand for IGBTs, thus boosting the market during the forecast period.

Significant Market Trend

Functional consolidation of semiconductor devices is a major trend in the market. The trend toward digitalization can be seen in industries that push digital control of power to make inverters, drive controls, and other electrical equipment compatible with the Industrial Internet. As a result, the integration of other semiconductor components, such as sensors, ICs, and microcontrollers, with IGBT devices can happen for efficient and easier control.

The consolidation of semiconductor devices can lead to improvements in performance and advances in semiconductor devices, including IGBTs. The integration of these devices will provide a lot of insights in the form of data, which can be analyzed to detect potential key areas for improvements in applications as well as in semiconductor devices. This will enhance the performance of semiconductor devices such as IGBTs, and these devices can be made more useful and efficient by addressing issues arising from analyzed data. This will make IGBTs more reliable devices as the efficiency and reliability of the entire circuit depend considerably on the IGBT's performance, and this possible combination of technologies can ensure a smooth flow of operations. Such benefits are expected to propel the growth of the market in focus during the forecast period. 

Major Market Challenge

Rising competition from wide bandgap (WBG) semiconductor materials is a major challenge in the market. WBG semiconductor materials allow devices to perform at high voltage, high temperature, and higher switching frequencies. WBG materials such as silicon carbide (SiC) and gallium nitride (GaN) have good thermal conductivity, and these can be exploited in power semiconductor devices. These are considered more efficient than the existing silicon devices because operating at high temperatures eliminates the need for outer cooling, and higher switching frequencies result in lesser noise. In addition, these materials can achieve a significant reduction in switching loss. The ampere capacity of SiC is superior to silicon. The use of these materials will significantly improve energy efficiency and will reduce system costs, which cannot be attained while using silicon-based IGBT devices.

SiC-based devices such as SiC MOSFET and SiC diodes, which are used in high-end power supply, are available, whereas GaN-based devices like GaN FET and GaN devices at 600V are available, but the use of GaN in appliances is still in experimental stages. SiC and GaN devices pose a threat to IGBT devices operating at a higher voltage as OEMs want compact, faster, and efficient devices, which is possible to achieve if these materials are explored further. However, IGBTs are less expensive than GaN or SiC devices and are comparatively easier to manufacture. Despite that, Industries that prefer precision over cost would like to move toward SiC and GaN-based devices. Such factors are hampering the focused market growth. 

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major IGBT Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Hitachi Ltd- The company operates under multiple segments, including IT and energy, among others, with a high focus on IT.? The company under this segment?offers products and services such as consulting, cloud systems, software, and others. The company's key offerings include?IGBT.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • ABB Ltd.
  • Danfoss AS
  • Infineon Technologies AG
  • Jilin Sino Microelectronics Co. Ltd.
  • Littelfuse Inc.
  • MagnaChip Semiconductor Corp.
  • Mitsubishi Electric Corp.
  • Sanken Electric Co Ltd
  • SEMIKRON Elektronik GmbH & Co. KG
  • STAR POWER SEMICONDUCTOR Ltd
  • STMicroelectronics NV
  • Toshiba Corp.
  • Fuji Electric Co. Ltd.
  • IXYS Corp
  • Microchip Technology Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

By Product

The market share growth by the IGBT modules segment will be significant during the forecast period. The IGBT modules have a dominant share in the market because IGBT modules are more expensive than discrete IGBTs. A single IGBT module consists of several discrete IGBTs, making them more compatible with high power.

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The IGBT module segment showed a gradual increase in the market share of USD 5.08 billion in 2017. Since the demand for high-power devices is growing at a rapid pace, the demand for IGBT modules is also expected to rise proportionally. Furthermore, applications like EV/HEVs and wind farms require IGBT devices with high power capability, which is often difficult to manage for discrete IGBT. Therefore, there are high prospects for future growth in the IGBT modules market compared with discrete IGBTs. The YoY growth will be high during the forecast period due to the increasing demand for high power density requirements globally. As governments across the globe adopt energy-saving measures, the demand for IGBT modules will increase. 

By Region

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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The APAC region is expected to grow at a strong rate during the forecast period due to the fast pace of industrialization in developing countries of the region and the increasing adoption of renewable energy and EVs. In addition, the demand for energy-efficient solutions, both on the industrial and consumer front, is the other reason for the high share of the region in the market. The major contributors to the market are China and Japan because companies from around the globe are dependent on the supply of IGBT products. 

China will be the leading country during the forecast period because of the high adoption of EV/HEVs and renewable energy in the country. Additionally, the country has been promoting EV purchases by exempting purchase taxes. China is also the global leader in terms of renewable energy installation, both solar PV and wind installations. Japan is another major market for IGBTs. The country is the global leader in IGBT production and has the presence of several major IGBT manufacturers. EVs are widely popular in the country, which drives the market in Japan. The country became one of the early adopters of EVs because of its high industrialization rate, dense population, and shortage of fossil fuels. Japan continues to be one of the pioneers in the development of EVs, thus driving the growth of the market in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook 
    • IGBT modules
    • Discrete IGBTs
  • Application Outlook 
    • EV or HEVs
    • Industrial
    • Motor drives
    • Consumer appliance
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

The market is experiencing significant growth driven by the rising demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). These vehicles rely on IGBTs (Insulated Gate Bipolar Transistors) for efficient power control and conversion. The electronics manufacturing industry is a key consumer of IGBTs, especially for applications like UPS (Uninterruptible Power Supply), industrial systems, and medical devices. Advancements in silicon carbide (SiC) MOSFETs are enhancing the efficiency and performance of IGBTs in various applications. The market is also influenced by factors such as power consumption, thermal resistivity, and the need for low-cost alternatives in solar and wind power industries.

The market is witnessing substantial growth driven by the rapid adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). These vehicles heavily rely on IGBTs (Insulated Gate Bipolar Transistors) for efficient power management and control. Additionally, the increasing focus on fuel efficiency and electrification is bolstering the demand for IGBTs in various applications. However, challenges such as high turn-off time and high reverse voltage issues need to be addressed. The market is also influenced by factors like humidity, aging power infrastructure, and the growing demand for green energy solutions. Moreover, advancements in solar power technologies and the need for efficient power control units (PCUs) are driving the demand for IGBTs in the solar energy industry and other sectors.

Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.3%

Market growth 2023-2027

USD 7.29 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

12.07

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key countries

US, China, Japan, South Korea, and India

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Danfoss AS, Hitachi Ltd., Infineon Technologies AG, Jilin Sino Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Mitsubishi Electric Corp., Sanken Electric Co Ltd, SEMIKRON Elektronik GmbH & Co. KG, STARPOWER SEMICONDUCTOR Ltd, STMicroelectronics NV, Toshiba Corp., Fuji Electric Co. Ltd., IXYS Corp, Microchip Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp, Renesas Electronics Corp., and ROHM Co. Ltd.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global IGBT market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global IGBT market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 IGBT modules - Market size and forecast 2022-2027
      • Exhibit 34: Chart on IGBT modules - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on IGBT modules - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on IGBT modules - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on IGBT modules - Year-over-year growth 2022-2027 (%)
    • 6.4 Discrete IGBTs - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Discrete IGBTs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Discrete IGBTs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Discrete IGBTs - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Discrete IGBTs - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 EV or HEVs - Market size and forecast 2022-2027
      • Exhibit 47: Chart on EV or HEVs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on EV or HEVs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on EV or HEVs - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on EV or HEVs - Year-over-year growth 2022-2027 (%)
    • 7.4 Industrial - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.5 Motor drives - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Motor drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Motor drives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Motor drives - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Motor drives - Year-over-year growth 2022-2027 (%)
    • 7.6 Consumer appliance - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Consumer appliance - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Consumer appliance - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Consumer appliance - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Consumer appliance - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 South Korea - Market size and forecast 2022-2027
      • Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 120: ABB Ltd. - Overview
              • Exhibit 121: ABB Ltd. - Business segments
              • Exhibit 122: ABB Ltd. - Key offerings
              • Exhibit 123: ABB Ltd. - Segment focus
            • 12.4 Danfoss AS
              • Exhibit 124: Danfoss AS - Overview
              • Exhibit 125: Danfoss AS - Business segments
              • Exhibit 126: Danfoss AS - Key news
              • Exhibit 127: Danfoss AS - Key offerings
              • Exhibit 128: Danfoss AS - Segment focus
            • 12.5 Fuji Electric Co. Ltd.
              • Exhibit 129: Fuji Electric Co. Ltd. - Overview
              • Exhibit 130: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 131: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 132: Fuji Electric Co. Ltd. - Segment focus
            • 12.6 Hitachi Ltd.
              • Exhibit 133: Hitachi Ltd. - Overview
              • Exhibit 134: Hitachi Ltd. - Business segments
              • Exhibit 135: Hitachi Ltd. - Key news
              • Exhibit 136: Hitachi Ltd. - Key offerings
              • Exhibit 137: Hitachi Ltd. - Segment focus
            • 12.7 Infineon Technologies AG
              • Exhibit 138: Infineon Technologies AG - Overview
              • Exhibit 139: Infineon Technologies AG - Business segments
              • Exhibit 140: Infineon Technologies AG - Key news
              • Exhibit 141: Infineon Technologies AG - Key offerings
              • Exhibit 142: Infineon Technologies AG - Segment focus
            • 12.8 Jilin Sino Microelectronics Co. Ltd.
              • Exhibit 143: Jilin Sino Microelectronics Co. Ltd. - Overview
              • Exhibit 144: Jilin Sino Microelectronics Co. Ltd. - Product / Service
              • Exhibit 145: Jilin Sino Microelectronics Co. Ltd. - Key offerings
            • 12.9 Littelfuse Inc.
              • Exhibit 146: Littelfuse Inc. - Overview
              • Exhibit 147: Littelfuse Inc. - Business segments
              • Exhibit 148: Littelfuse Inc. - Key offerings
              • Exhibit 149: Littelfuse Inc. - Segment focus
            • 12.10 MagnaChip Semiconductor Corp.
              • Exhibit 150: MagnaChip Semiconductor Corp. - Overview
              • Exhibit 151: MagnaChip Semiconductor Corp. - Business segments
              • Exhibit 152: MagnaChip Semiconductor Corp. - Key news
              • Exhibit 153: MagnaChip Semiconductor Corp. - Key offerings
              • Exhibit 154: MagnaChip Semiconductor Corp. - Segment focus
            • 12.11 Microchip Technology Inc.
              • Exhibit 155: Microchip Technology Inc. - Overview
              • Exhibit 156: Microchip Technology Inc. - Business segments
              • Exhibit 157: Microchip Technology Inc. - Key offerings
              • Exhibit 158: Microchip Technology Inc. - Segment focus
            • 12.12 Mitsubishi Electric Corp.
              • Exhibit 159: Mitsubishi Electric Corp. - Overview
              • Exhibit 160: Mitsubishi Electric Corp. - Business segments
              • Exhibit 161: Mitsubishi Electric Corp. - Key news
              • Exhibit 162: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 163: Mitsubishi Electric Corp. - Segment focus
            • 12.13 ON Semiconductor Corp
              • Exhibit 164: ON Semiconductor Corp - Overview
              • Exhibit 165: ON Semiconductor Corp - Business segments
              • Exhibit 166: ON Semiconductor Corp - Key offerings
              • Exhibit 167: ON Semiconductor Corp - Segment focus
            • 12.14 Renesas Electronics Corp.
              • Exhibit 168: Renesas Electronics Corp. - Overview
              • Exhibit 169: Renesas Electronics Corp. - Business segments
              • Exhibit 170: Renesas Electronics Corp. - Key offerings
              • Exhibit 171: Renesas Electronics Corp. - Segment focus
            • 12.15 SEMIKRON Elektronik GmbH and Co. KG
              • Exhibit 172: SEMIKRON Elektronik GmbH and Co. KG - Overview
              • Exhibit 173: SEMIKRON Elektronik GmbH and Co. KG - Product / Service
              • Exhibit 174: SEMIKRON Elektronik GmbH and Co. KG - Key offerings
            • 12.16 STMicroelectronics NV
              • Exhibit 175: STMicroelectronics NV - Overview
              • Exhibit 176: STMicroelectronics NV - Business segments
              • Exhibit 177: STMicroelectronics NV - Key news
              • Exhibit 178: STMicroelectronics NV - Key offerings
              • Exhibit 179: STMicroelectronics NV - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 180: Toshiba Corp. - Overview
              • Exhibit 181: Toshiba Corp. - Business segments
              • Exhibit 182: Toshiba Corp. - Key offerings
              • Exhibit 183: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
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