The Latin America, Middle East and Africa Insulated-Gate Bipolar Transistors (IGBTs) Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 7,864.5 thousand units, showcasing a growth of 16.2% (2023-2030).
IGBTs with integrated smart features, including advanced control algorithms and diagnostics, are also gaining prominence. These features enhance the functionality of IGBT-based systems, offering better performance, reliability, and real-time monitoring capabilities. The integration of IGBTs in the context of industry 4.0 and digitalization is an emerging trend. Smart manufacturing environments, driven by industry 4.0 principles, leverage IGBTs for precise control, automation, and connectivity in industrial processes.
The rising adoption of renewable energy systems, including solar and wind power applications, is driving the use of IGBTs. Additionally, IGBTs play a crucial role in inverters for solar panels and converters for wind turbines, contributing to the growth of the clean energy sector. Advanced thermal management solutions are becoming essential with the trend towards higher power densities. The market is witnessing innovations in cooling technologies, heat sinks, and thermal interface materials to address the thermal challenges associated with high-power IGBT applications.
The rise of connected devices and 5G in Brazil is increasing the demand for IGBTs. As per the ITA, the edge computing sector in Brazil experienced a 16% increase per year between 2019 and 2023. The growth was primarily a result of the advancement of 5G in Brazil. Furthermore, Brazil's total number of connected devices could reach 27.1 billion by 2025. Therefore, expanding the region's renewable energy and telecommunication sector is propelling the market's growth.
The Brazil market dominated the LAMEA 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 $246.4 million by 2030. The Argentina market is registering a CAGR of 8.9% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 7.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Insulated-Gate Bipolar Transistors (IGBTs) Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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