The IGBT market, strongly driven by EV/HEVs, will reach US$8.4 billion by 2026.
Extracted from:
IGBT Market & Technology Trends report, Yole Développement, 2021
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Market forecasts :
With US$8.4 billion by 2026, the IGBT market will get a 7.5% growth between 2020 and 2026.
IGBT modules segment will represent 81% of the total market in 2026 during the same period, boosted by EV/HEVs adoption.
More than 80% of the market will be focused on the 600V-1,200V nominal voltage ranges by 2026.
Technology trends:
At the system level, new IGBT voltage levels are covering new voltage ranges: EV inverter move from 400V to 800V, PV inverter move to 1,500V for example.
Analysts also see lot of technical innovations: new generation of IGBT dies, higher efficiency, lower cost for IGBT devices…
IGBT packaging is looking for high reliability, lower cost, lower inductance electrical interconnections. In parallel, IGBT is taking advanced of SiC packaging development.
At the wafer level, analysts see the 300mm IGBT wafer manufacturing trends and a shift to MCZ silicon material.
Supply chain:
IGBT main manufacturers are spread all over the world, but Yole sees also an important growth of Chinese IGBT manufacturers, both foundries and IDMs.
All major players are investing into IGBT manufacturing capacity increase…
The ranking of main IGBT suppliers remains almost unchanged. The top 3 is, in the order, Infineon Technologies, Mitsubishi Electric and onsemi (1).
“With high growth expected for IGBTs, driven mainly by e-mobility, the supply chain is adapting its strategy and investing massively”,asserts Ana Villamor, PhD. Technology & Market Analyst, Power Electronics & Compound Semiconductors at Yole Développement (Yole).She adds: “IGBT is key for numerous power electronics applications. Strongly pushed by EV/HEVs adoption, at Yole, we announce a 7.5% CAGR from 2020 to 2026 to reach US$8.4 billion at the end of the period”.
In addition to EV/HEVs, discrete IGBTs and IGBT power modules can be found in applications like industrial motor drives, wind turbines, photovoltaic installations, trains, UPS , EV charging infrastructure and home appliances. In 2020, the largest IGBT market segments were industrial applications and home appliances. They were closely followed by EV/HEVs, which represented a market of US$509 million in 2020 and which will grow with an impressive 23% CAGR between 2020 and 2026. This is due to the transition from ICE vehicles to EV/HEVs, which is being strongly driven by governments’ targets for CO2 emissions reductions. This transition is further accelerating, due to President Biden’s action plans for the USA as well as the recent EU climate initiative in which all new cars registered in Europe from 2035 will be zero-emission. Therefore, the EV/HEV segment share will more than double by 2026.
“Charging infrastructure is also impacted by government decisions as the deployment of chargers is crucial for the expansion of electric vehicle uptake,” explains Abdoulaye Ly, Technology & Market Analyst, Electronic Power Systems at Yole. “Although charging infrastructure is still a small market for IGBTs, it is expected to increase by more than 300% in the coming five years.”
Released today, the IGBT Market & Technology Trends report from Yole, contributes to the understanding of the overall ecosystem, its latest innovations and the strategy of leading power electronics companies. Including market trends and forecasts, supply chain, technology trends, technical insights, and market segmentations, take away and outlook… This study delivers an impressive overview of the power electronics industry with a special focus on IGBT market segment.
The main IGBT manufacturers are spread all over the world, with historical big players in Europe,
