Insulated Gate Bipolar Transistors Igbts Market
Insulated-Gate Bipolar Transistors (IGBTs) Market Forecasts to 2032 – Global Analysis By Type (Discrete IGBT, IGBT Module and Intelligent Power Module (IPM)), Power Rating, Switching Frequency, Packaging Type, Wafer Size, End User and By Geography
According to Stratistics MRC, the Global Insulated-Gate Bipolar Transistors (IGBTs) Market is accounted for $15.1 billion in 2025 and is expected to reach $29.4 billion by 2032 growing at a CAGR of 10% during the forecast period. Insulated-Gate Bipolar Transistors (IGBTs) are semiconductor devices that combine the high input impedance of MOSFETs with the low saturation voltage of bipolar transistors, making them highly efficient for power switching. They are used in applications such as electric vehicles, renewable energy systems, motor drives, and industrial equipment. IGBTs enable efficient power conversion, reducing energy losses while handling high voltages and currents. Their design supports compactness, durability, and reliability in demanding electronic systems.
According to the International Energy Agency (IEA), the explosive growth in electric vehicle production and EV charging infrastructure is the primary driver for increased manufacturing capacity and innovation in next-generation IGBT modules.
Market Dynamics:
Driver:
Demand for efficient power electronics
The IGBT market is strongly driven by the growing demand for efficient power electronics that enable energy savings and high-performance conversion. Increasing applications in renewable energy, electric vehicles, and industrial drives emphasize the need for reliable switching devices. IGBTs offer low conduction losses, high current density, and durability, making them vital in modern power architectures. Additionally, the global shift toward sustainability further boosts adoption, as industries seek energy-efficient solutions. This trend solidifies IGBTs as a cornerstone in advanced electronic systems.
Restraint:
Thermal management challenges in IGBTs
A major restraint in the IGBT market stems from thermal management challenges that hinder optimal performance. High switching and conduction losses generate heat, requiring advanced cooling systems for reliability. This increases design complexity and costs, especially in high-voltage applications like EV inverters and grid systems. Failure to effectively manage heat can reduce efficiency and device lifespan, discouraging wider adoption. Consequently, thermal bottlenecks remain a persistent hurdle for manufacturers aiming to expand IGBT deployment across energy-intensive and high-performance sectors.
Opportunity:
Integration in industrial automation systems
The integration of IGBTs in industrial automation systems represents a key opportunity for market expansion. Automated manufacturing, robotics, and smart factories rely on high-efficiency power devices to drive motors and control systems with precision. IGBTs enable compact, energy-efficient designs that reduce operational costs while enhancing productivity. With Industry 4.0 adoption accelerating worldwide, demand for reliable power semiconductors is surging. This industrial transformation provides a fertile ground for IGBT suppliers to expand market reach and tap into diverse automation-driven applications.
Threat:
Competition from wide bandgap semiconductors
The IGBT market faces a notable threat from wide bandgap semiconductors such as SiC and GaN. These alternatives offer superior efficiency, higher switching speeds, and better thermal performance, challenging IGBTs in applications like EVs and renewable inverters. As costs for SiC and GaN devices decline, end-users are increasingly shifting to these advanced materials. This trend could potentially limit IGBT growth in high-performance segments. Therefore, while IGBTs remain relevant, competition from wide bandgap technologies poses a long-term risk to their dominance.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted supply chains, halting production and delaying shipments in the IGBT market. Automotive and industrial sectors, key end-users, experienced a temporary downturn, reducing demand. However, recovery was swift, fueled by accelerated EV adoption, renewable energy investments, and digital transformation initiatives. Post-pandemic, governments emphasized green energy projects, creating new opportunities for IGBTs in grid and mobility applications. Overall, while short-term setbacks were significant, the pandemic underscored the importance of resilient and energy-efficient power electronics solutions.
The discrete IGBT segment is expected to be the largest during the forecast period
The discrete IGBT segment is expected to account for the largest market share during the forecast period, owing to its widespread use in motor drives, UPS systems, and renewable energy inverters. Discrete IGBTs offer flexibility, compact design, and cost advantages, making them suitable for medium-power applications across automotive, consumer electronics, and industrial domains. Their ease of integration and reliability have ensured continued adoption across emerging markets. Consequently, discrete IGBTs remain the dominant product type in the global power electronics landscape.
The discrete packaging segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the discrete packaging segment is predicted to witness the highest growth rate, driven by rising demand for compact and thermally efficient power solutions. Discrete packages enable better scalability, ease of design integration, and cost optimization compared to module-based designs. Their expanding role in automotive electronics, especially EV inverters and charging systems, further accelerates adoption. Moreover, advancements in packaging technologies improve reliability and efficiency. These advantages collectively position discrete packaging as the fastest-expanding segment in the IGBT market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by rapid industrialization, expanding EV production, and strong renewable energy initiatives. Countries like China, Japan, and South Korea are leading adopters, with robust manufacturing ecosystems for power semiconductors. Significant investments in smart grids, transportation electrification, and consumer electronics further amplify regional demand. Additionally, low-cost manufacturing capabilities attract global suppliers. These dynamics establish Asia Pacific as the dominant hub for IGBT deployment and innovation.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, attributed to accelerating EV adoption, renewable integration, and industrial automation. Government policies supporting carbon reduction and clean energy deployment drive strong investments in advanced power electronics. The U.S. in particular is witnessing rising demand for IGBTs in automotive electrification and grid modernization projects. Additionally, the presence of technology innovators and R&D centers accelerates regional growth. Together, these factors make North America the fastest-growing IGBT market.
Key players in the market
Some of the key players in Insulated-Gate Bipolar Transistors (IGBTs) Market include Infineon Technologies AG, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., ON Semiconductor (onsemi), STMicroelectronics, Toshiba Corporation, Renesas Electronics Corporation, ROHM Co., Ltd., SEMIKRON Danfoss, ABB Ltd, Hitachi, Ltd., NXP Semiconductors, Littelfuse, Inc., Vishay Intertechnology, Inc., ELAN Electronics, Powerex, SMIC, and Microsemi.
Key Developments:
In May 2025, Infineon Technologies AG began volume production of its new CoolSiC™ hybrid IGBTs at its expanded facility in Villach, Austria. These modules combine Si IGBT and SiC diode technology to offer a cost-effective performance boost for industrial motor drives.
In April 2025, STMicroelectronics and Renault Group signed a long-term agreement for the supply of ST's ACEPACK DRIVE power modules, which use advanced IGBTs and SiC technology, for Renault's upcoming electric vehicle platforms.
In March 2025, onsemi (ON Semiconductor) announced the opening of its state-of-the-art IGBT and SiC module production line in Bucheon, South Korea, to better serve the growing APAC market for electric vehicle and industrial automation power solutions.
In February 2025, Fuji Electric Co., Ltd. launched the ""X-series"" of 7th generation IGBT modules, which feature a 10% increase in maximum operating temperature (Tvjop) to 175°C, enabling higher power density in solar inverters and UPS systems.
Types Covered:
• Discrete IGBT
• IGBT Module
• Intelligent Power Module (IPM)
Power Ratings Covered:
• Low Power IGBT (Up to 600 V)
• Medium Power IGBT (601 V – 1.2 kV)
• High Power IGBT (1.2 kV – 3.3 kV)
• Very High Power IGBT (3.3 kV – 6.5 kV)
Switching Frequencies Covered:
• Low-Frequency IGBT (Below 10 kHz)
• High-Frequency IGBT (Above 10 kHz)
Packaging Types Covered:
• Discrete Packaging
• Module Packaging
• Dual-In-Line Package (DIP)
• Surface-Mount Package (SMD)
• Press-Pack IGBT
Wafer Sizes Covered:
• 6-Inch Wafer
• 8-Inch Wafer
End Users Covered:
• Automotive & Transportation
• Energy & Utilities
• Industrial Manufacturing
• Consumer Electronics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Type
5.1 Introduction
5.2 Discrete IGBT
5.3 IGBT Module
5.4 Intelligent Power Module (IPM)
6 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Power Rating
6.1 Introduction
6.2 Low Power IGBT (Up to 600 V)
6.3 Medium Power IGBT (601 V – 1.2 kV)
6.4 High Power IGBT (1.2 kV – 3.3 kV)
6.5 Very High Power IGBT (3.3 kV – 6.5 kV)
7 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Switching Frequency
7.1 Introduction
7.2 Low-Frequency IGBT (Below 10 kHz)
7.3 High-Frequency IGBT (Above 10 kHz)
8 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Packaging Type
8.1 Introduction
8.2 Discrete Packaging
8.3 Module Packaging
8.4 Dual-In-Line Package (DIP)
8.5 Surface-Mount Package (SMD)
8.6 Press-Pack IGBT
9 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Wafer Size
9.1 Introduction
9.2 6-Inch Wafer
9.3 8-Inch Wafer
10 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By End User
10.1 Introduction
10.2 Automotive & Transportation
10.3 Energy & Utilities
10.4 Industrial Manufacturing
10.5 Consumer Electronics
10.6 Other End Users
11 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Infineon Technologies AG
13.2 Mitsubishi Electric Corporation
13.3 Fuji Electric Co., Ltd.
13.4 ON Semiconductor (onsemi)
13.5 STMicroelectronics
13.6 Toshiba Corporation
13.7 Renesas Electronics Corporation
13.8 ROHM Co., Ltd.
13.9 SEMIKRON Danfoss
13.10 ABB Ltd
13.11 Hitachi, Ltd.
13.12 NXP Semiconductors
13.13 Littelfuse, Inc.
13.14 Vishay Intertechnology, Inc.
13.15 ELAN Electronics
13.16 Powerex
13.17 SMIC
13.18 Microsemi
List of Tables
1 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Region (2024-2032) ($MN)
2 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2024-2032) ($MN)
3 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete IGBT (2024-2032) ($MN)
4 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By IGBT Module (2024-2032) ($MN)
5 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Intelligent Power Module (IPM) (2024-2032) ($MN)
6 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2024-2032) ($MN)
7 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power IGBT (Up to 600 V) (2024-2032) ($MN)
8 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power IGBT (601 V – 1.2 kV) (2024-2032) ($MN)
9 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power IGBT (1.2 kV – 3.3 kV) (2024-2032) ($MN)
10 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Very High Power IGBT (3.3 kV – 6.5 kV) (2024-2032) ($MN)
11 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Switching Frequency (2024-2032) ($MN)
12 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low-Frequency IGBT (Below 10 kHz) (2024-2032) ($MN)
13 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High-Frequency IGBT (Above 10 kHz) (2024-2032) ($MN)
14 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Packaging Type (2024-2032) ($MN)
15 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Packaging (2024-2032) ($MN)
16 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Module Packaging (2024-2032) ($MN)
17 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Dual-In-Line Package (DIP) (2024-2032) ($MN)
18 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Surface-Mount Package (SMD) (2024-2032) ($MN)
19 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Press-Pack IGBT (2024-2032) ($MN)
20 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Wafer Size (2024-2032) ($MN)
21 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By 6-Inch Wafer (2024-2032) ($MN)
22 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By 8-Inch Wafer (2024-2032) ($MN)
23 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By End User (2024-2032) ($MN)
24 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Automotive & Transportation (2024-2032) ($MN)
25 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Utilities (2024-2032) ($MN)
26 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial Manufacturing (2024-2032) ($MN)
27 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2024-2032) ($MN)
28 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We offer complimentary customization of up to 15% with every purchase. To share your customization requirements, feel free to email us at info@strategymrc.com or call us on +1-301-202-5929. .
Please Note: Customization within the 15% threshold is entirely free of charge. If your request exceeds this limit, we will conduct a feasibility assessment. Following that, a detailed quote and timeline will be provided.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
