Insulated Gate Bipolar Transistors Igbts Market
Insulated-Gate Bipolar Transistors (IGBTs) Market Forecasts to 2028 - Global Analysis By Type (Discrete Insulated-Gate Bipolar Transistor (IGBT) and Insulated-Gate Bipolar Transistor (IGBT) Module), Power Rating (High Power Rating, Medium Power Rating and Low Power Rating), Application and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $8.30 BN |
|
Projected Year Value (2028) |
US $15.19 BN |
|
CAGR (2022 - 2028) |
11.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Insulated-Gate Bipolar Transistors (IGBTs) Market is accounted for $8.30 billion in 2022 and is expected to reach $15.19 billion by 2028 growing at a CAGR of 11.2% during the forecast period. The Insulated Gate Bipolar Transistor, or IGBT, is a three-point power electronic semiconductor that serves primarily as a switch. By reducing the congestion in the power supply, this device can deliver quick switching with extremely high efficiency and a steady, smooth power supply. By introducing lesser switch loss, it reduces the heat tension on the electric devices or appliances, resulting in an increase in the device's lifespan. Because of its great power efficiency and blocking voltage, IGBTs (Insulated Gate Bipolar Transistors) are employed in a variety of applications.
According to International Energy Agency, sales of electric cars doubled in 2021 to 6.6 million, whereas the number of electric cars on the world's roads by the end of 2021 was about 16.5 million, triple the amount in 2018.
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Market Dynamics:
Driver:
Rising awareness regarding renewable energy source
The development of the IGBT market will be accelerated by the need to strengthen the foundations for renewable energy. By 2050, the total share of renewable energy in the electricity industry is anticipated to reach 85%, according to the International Renewable Energy Agency (IRENA). The usage of heat pumps and electric vehicles is anticipated to increase globally, according to the IRENA analysis. Renewable energy is a significant component of the long-term strategic investment development of governments in numerous nations.
Restraint:
Design complexities
An insulated gate bipolar transistor's gate control latch-up is prone to breaking, which would result in device failure. The ambient temperature rises and the turnoff time lengthens with a minor reduction in latching current density. The gate no longer has any influence over the drain current as the transistor enters the latch-up. The only method to disable the IGBT in this case might be to compel the current to commutate. The bipolar transistor is likely to be ruined if latch-up is not stopped right away because to the significant power dissipation. This is predicted to have a negative impact on market potential.
Opportunity:
Surging demand for electric vehicles
Climate change and global warming are raising awareness of energy resources across all industries. One of them is the automotive industry, which is advancing in terms of energy efficiency. The production of electric and hybrid automobiles is in higher demand. Major automakers are preparing to invest in cutting-edge EV vehicles in light of regulatory requirements. In a similar vein, growing fuel costs are pressuring people to switch from conventional to electric automobiles. This is anticipated to fuel the market expansion for insulated gate bipolar transistors.
Threat:
High Cost
Insulated Gate Bipolar Transistors are exceedingly expensive to manufacture, and this directly reflects on their selling price, making these Insulated Gate Bipolar Transistors unaffordable for many organisations in developing countries. Also, IGBT failure rates are increasing as a result of environmental conditions like humidity, which is pushing end-user industry players to switch to cheaper alternatives like MOSFET and impeding the expansion of the global market.
Covid-19 Impact
The entire semiconductor industry was severely disrupted by the corona virus pandemic. The global supply chain disruption brought on by closed international borders has had a significant impact on semiconductor product manufacture. According to the Accenture Plc analysis, the semiconductor industry's annual revenue growth was expected to reach 12.5%, but owing to pandemic issues, it actually only increased by 9% in 2020. Similar to this, the supply of components has severely hampered the production of insulated gate bipolar transistors.
The high-power rating segment is expected to be the largest during the forecast period
The high-power rating segment is estimated to have a lucrative growth, due to its high demand for the production of electric cars, arc-welding machines, air conditioners, variable speed refrigerators and trains. High voltage insulated gate bipolar transistors are used in industry because they have a high current carrying capacity, voltage-controlled gates, and other features.
The electric vehicle segment is expected to have the highest CAGR during the forecast period
The electric vehicle segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising popularity of electric and hybrid cars, which need insulated gate bipolar transistors for increased reliability. Electric vehicles are primarily expanding due to their ability to send power to the grid smoothly and steadily.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of many electronic and semiconductor manufacturers in China, South Korea, and India. Due to its position as the world's top producer of electric vehicles, China is predicted to receive the largest revenue share. The country's market is expanding as a result of the increased use in electric automobiles. Along with the development of technology, the demand for energy-saving resources is also rising in India and Japan.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the railway industry, Europe is the first continent to use insulated gate bipolar transistor-based traction systems. Additionally, Europe leads the global automotive sectors overall and is the region that produces the most electric automobiles. The demand for the products in the area is anticipated to increase as a result.
Key players in the market
Some of the key players profiled in the Insulated-Gate Bipolar Transistors (IGBTs) Market include ABB Ltd, Infineon Technologies AG, LITTELFUSE, INC., StarPower Semiconductor Ltd., ROHM CO., LTD, Toshiba Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Danfoss Group, SEMIKRON International GmbH, Renesas Electronics Corporation
Key Developments:
In March 2022, Infineon Technologies AG launched the new EDT2 IGBTs in a TO247PLUS package. It is optimized for automotive, discrete traction inverters and has also expanded the company’s portfolio of discrete high-voltage devices for automotive applications. Owing to their high quality, the IGBTs meet and exceed the industry standard AECQ101 for automotive components. Resulting in the devices can significantly increase the performance and reliability of inverter systems.
In January 2022, Toshiba introduced two SiC MOSFET Dual Modules: the "MG600Q2YMS3," which has a voltage rating of 1200V and a drain current rating of 600A and the "MG400V2YMS3," which has a voltage rating of 1700V and a drain current rating of 400A. They are the first Toshiba products with these voltage levels, joining the MG800FXF2YMS3 in a family of 1200V, 1700V, and 3300V devices.
In December 2021, Renesas Electronics Corporation has acquired the whole issued share capital of Celeno, a semiconductor company based in the United States that mostly operates in Israel. Celeno provides a wide range of wireless communication solutions for high-performance home networks, smart buildings, enterprise, and industrial markets, including innovative Wi-Fi chipsets and software solutions. With low latency and low power consumption, its industry-leading Wi-Fi 6 and 6E chipset technologies provide great Wi-Fi network performance and increased security.
In July 2021, ROHM semiconductor announced the RGWxx65C series of hybrid IGBTs with an integrated 650V SiC Schottky barrier diode. The devices qualified under the AEC-Q101 automotive reliability standard are ideal for industrial and automotive applications that handle high power, such as onboard chargers, photovoltaic power conditioners, and DC/DC converters used in electrified electric vehicles.
Types Covered:
• Discrete Insulated-Gate Bipolar Transistor (IGBT)
• Insulated-Gate Bipolar Transistor (IGBT) Module
Power Ratings Covered:
• High Power Rating
• Medium Power Rating
• Low Power Rating
Applications Covered:
• Consumer Electronics
• Energy & Power
• Electric Vehicle
• Inverter & Uninterrupted Power Supply (UPS)
• Industrial System
• Other Applications
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 2020, 2021, 2022, 2025, and 2028
- 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 Application 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 Insulated-Gate Bipolar Transistor (IGBT)
5.3 Insulated-Gate Bipolar Transistor (IGBT) Module
6 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Power Rating
6.1 Introduction
6.2 High Power Rating
6.3 Medium Power Rating
6.4 Low Power Rating
7 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Application
7.1 Introduction
7.2 Consumer Electronics
7.3 Energy & Power
7.4 Electric Vehicle
7.5 Inverter & Uninterrupted Power Supply (UPS)
7.6 Industrial System
7.7 Other Applications
8 Global Insulated-Gate Bipolar Transistors (IGBTs) Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ABB Ltd
10.2 Infineon Technologies AG
10.3 LITTELFUSE, INC.
10.4 StarPower Semiconductor Ltd.
10.5 ROHM CO., LTD
10.6 Toshiba Corporation
10.7 Hitachi, Ltd.
10.8 Fuji Electric Co., Ltd.
10.9 Mitsubishi Electric Corporation
10.10 Danfoss Group
10.11 SEMIKRON International GmbH
10.12 Renesas Electronics Corporation
List of Tables
1 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Region (2020-2028) ($MN)
2 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
3 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
4 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
5 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
6 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
7 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
8 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
9 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
10 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
11 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
12 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
13 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
14 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
15 Global Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
16 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Country (2020-2028) ($MN)
17 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
18 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
19 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
20 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
21 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
22 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
23 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
24 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
25 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
26 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
27 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
28 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
29 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
30 North America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
31 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Country (2020-2028) ($MN)
32 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
33 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
34 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
35 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
36 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
37 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
38 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
39 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
40 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
41 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
42 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
43 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
44 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
45 Europe Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
46 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
48 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
49 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
50 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
51 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
52 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
53 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
54 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
55 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
56 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
57 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
58 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
59 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
60 Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
61 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Country (2020-2028) ($MN)
62 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
63 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
64 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
65 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
66 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
67 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
68 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
69 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
70 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
71 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
72 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
73 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
74 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
75 South America Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
76 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Type (2020-2028) ($MN)
78 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Discrete Insulated-Gate Bipolar Transistor (IGBT) (2020-2028) ($MN)
79 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Insulated-Gate Bipolar Transistor (IGBT) Module (2020-2028) ($MN)
80 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Power Rating (2020-2028) ($MN)
81 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By High Power Rating (2020-2028) ($MN)
82 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Medium Power Rating (2020-2028) ($MN)
83 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Low Power Rating (2020-2028) ($MN)
84 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Application (2020-2028) ($MN)
85 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Consumer Electronics (2020-2028) ($MN)
86 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Energy & Power (2020-2028) ($MN)
87 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Electric Vehicle (2020-2028) ($MN)
88 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Inverter & Uninterrupted Power Supply (UPS) (2020-2028) ($MN)
89 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Industrial System (2020-2028) ($MN)
90 Middle East & Africa Insulated-Gate Bipolar Transistors (IGBTs) Market Outlook, By Other Applications (2020-2028) ($MN)
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:
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- Manufacturers
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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.
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