NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) — The global market for IGBTs and superjunction MOSFETs is expected to reach $4 billion by 2023. The overall demand for IGBTs and SJMOSFETs will grow at a CAGR of 17.2% from 2023 to 2033. Market revenue is expected to reach US$19.3 billion by the end of 2033.
Growing applications in various industries are driving demand for IGBTs and Super Junction MOSFETs. Growth in the production and use of inverters, UPSs and chargers/converters will drive the market.
Insulated gate bipolar transistors are widely used in household appliances, photovoltaic converters and UPS. IGBT has the characteristics of high operating voltage and large current. Therefore, they find application in induction cookers and motor drives.
Super junction MOSFETs are often used in battery chargers. For example, MagnaChip’s SJOMSFETs are widely used in electric vehicle chargers. Various SJMOSFETs can be used in lighting, solar micro inverters and adapters.
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Growing demand for USPs, chargers, converters, etc. will drive the IGBT and SJMOSFET market. The growing demand for high voltage operating devices will also lead to increased sales of IGBTs and SJMOSFETs.
The growing popularity of electric vehicles will increase the demand for IGBTs and super junction MOSFETs. In addition, the introduction of smart grids will create great opportunities for manufacturers. Leading manufacturers are implementing compact and efficient solutions. This will help them increase their sales.
“Increased focus on energy efficiency will lead to increased sales of IGBTs and super junction transistors. Beyond that, the growing penetration of electric vehicles bodes well for the market,” said chief analyst at Persistence Market Research.
Key players in the IGBT and super junction MOSFET market include Vishay Intertechnology Inc., Fuji Electric Co. Ltd., Semikron Elektronik GmbH & Co. KG, Hitachi Power Semiconductor Device Ltd., ABB Ltd., Toshiba Corporation, Onsemi, Mitsubishi Electric Corporation. , Infineon Technologies AG and STMicroelectronics
These players are developing new cutting-edge solutions to meet the needs of end users. In addition, they have adopted M&A strategies to expand the scale of their business.
With its new offering, Persistence Market Research provides an unbiased analysis of the IGBT and Super Junction MOSFET market, providing historical market data (from 2018 to 2022) and forward-looking statistics for the period from 2023 to 2033.
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Post time: Jul-12-2023