The Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 32,275.3 thousand units, showcasing a growth of 23.0% (2019-2022).
Within industrial automation, IGBTs catalyze precision and efficiency. From variable frequency drives (VFDs) in manufacturing facilities to complex robotics in smart factories, the market resonates with the pulse of modern industrialization. The demand for IGBTs is propelled by the increasing reliance on high-power electronic systems and a relentless pursuit of energy efficiency. As industries embrace automation and seek sustainable solutions, the demand for IGBTs continues to grow.
IGBTs in UPS systems provide backup power during mains power failures. They ensure a seamless grid and battery backup transition, maintaining continuous power supply to critical loads. IGBTs are used in high-frequency inverters for applications such as plasma cutting, induction heating, and high-frequency welding. They enable precise power delivery control at high frequencies, improving performance and efficiency. IGBTs are utilized in various medical devices and equipment, such as MRI machines, X-ray generators, and laser systems, to control power delivery and operation precisely.
China's telecommunication industry expanded in the first ten months of 2023. The combined business revenues of firms in the sector totalled approximately 1.4 trillion yuan (about 197.9 billion U.S. dollars), up 6.9 percent yearly. Therefore, the expansion of the telecommunication sector and 5G connectivity is propelling the growth of the market.
The China market dominated the Asia Pacific Insulated-Gate Bipolar Transistors (IGBTs) Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,739.6 million by 2030. The Japan market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.2% during (2023 - 2030).
Free Valuable Insights: The Global Insulated-Gate Bipolar Transistors (IGBTs) Market is Predict to reach $14.2 Billion by 2030, at a CAGR of 6.3%
Based on Power Rating, the market is segmented into High Power, Medium Power and Low Power. Based on Type, the market is segmented into IGBT Module and Discrete IGBT. Based on Application, the market is segmented into Energy & Power, Inverter & UPS, Electric Vehicle, Industrial System, Consumer Electronics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Power Rating (Volume, Thousand Units, USD Billion, 2019-2030)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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