The Europe Insulated-Gate Bipolar Transistors (IGBTs) Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 6,562.4 thousand units, showcasing a growth of 22.7% (2019-2022).
The insulated-gate bipolar transistors (IGBTs) market refers to the industry and marketplace related to the manufacturing, distribution, and utilization of insulated-gate bipolar transistors, semiconductor devices widely employed in power electronics applications. IGBTs combine the characteristics of both bipolar junction transistors (BJTs) and metal-oxide-semiconductor field-effect transistors (MOSFETs), making them suitable for high-power applications such as motor drives, inverters, power supplies, and various electronic systems.
Furthermore, IGBTs offer exceptional power-handling capabilities, making them indispensable in various high-power applications. Their ability to switch large currents at high voltages and controllable switching characteristics position them as a cornerstone of power electronics. IGBTs find widespread applications in diverse industries, including motor drives, inverters, power supplies, and industrial automation. Their adaptability extends to emerging fields such as renewable energy systems, electric vehicles, and smart grids.
As per the ITA, Portugal experienced a notable upswing in the sale of electric vehicles (EVs) in January 2023, totaling 2,405 units. This figure includes plug-in hybrid vehicles as well as entirely electric vehicles. The EV sales experienced a substantial surge of 69.3%, resulting in a noteworthy market share of 15.4%. The surge in demand for EVs in Europe necessitates a parallel rise in the need for advanced power modules, crucial components for managing electrical power in electric vehicles. Therefore, the rising production of EVs in the region is driving the growth of the market.
The Germany market dominated the Europe 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 $704.4 million by 2030. The UK market is experiencing a CAGR of 5.1% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 6.9% during (2023 - 2030).
Free Valuable Insights: The Global Insulated-Gate Bipolar Transistors (IGBTs) Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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