IGBT and Super Junction MOSFET Market Power Electronics is Estimated to Witness High Growth

Author : Raj Dhote | Published On : 17 Jan 2024

IGBTs and MOSFETs are electronic components that can withstand higher voltages and currents, and act as electronic switches to regulate electrical power from a power source to a load. They offer benefits such as excellent blocking voltage capability, fast switching ability, high operational efficiency, and low conduction and driver power losses. IGBTs and MOSFETs find applications in consumer electronics, automotive electronics, renewable energy, power supply, motor drives, and industrial motors. Rising demand for electric vehicles around the world is driving the adoption of power electronics components like IGBTs and MOSFETs in automotive powertrains.

The global IGBT and Super Junction MOSFET Market is estimated to be valued at US$ 16178.23 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Opportunity
The growing demand for electric vehicles worldwide offers immense growth opportunity for the IGBT and Super Junction MOSFET market. With rising environmental concerns, governments around the world are promoting the adoption of EVs by offering subsidies. Major automakers are also expanding their EV portfolio in response to changing consumer preferences. EVs use power electronics such as IGBT modules and MOSFETs in their powertrain systems to control motor torque, regulate battery charging and discharging, and manage other critical functions. As EVs gain more ground over the next decade, it will boost the demand for supporting power electronics components significantly. This presents a lucrative growth avenue for manufacturers in the IGBT and Super Junction MOSFET market.

Porter’s Analysis
Threat of new entrants: The IGBT and Super Junction MOSFET Market has moderate threat of new entrants due to high capital requirement and the presence of major players in the market.
Bargaining power of buyers: Buyers have moderate bargaining power in this market due to the availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of alternatives and suppliers in the market.
Threat of new substitutes: The threat of substitutes is low as IGBTs and Super Junction MOSFETs offer unparalleled performance compared to other alternatives.
Competitive rivalry: The competitive rivalry is high among the major players due to their focus on extensive R&D initiatives and new product launches.

SWOT Analysis
Strength: IGBTs and Super Junction MOSFETs have high efficiency, low conduction and switching losses. They are well-suited for industrial automation and consumer electronics applications.
Weakness: Design complexity and thermal issues during high power operations can restrain market growth. High initial costs also affect large-scale adoption.
Opportunity: Growing adoption of EVs, renewable energy systems and power supplies offer lucrative market opportunities. Rising industrial automation also drives the demand.
Threats: Trade barriers and geopolitical issues impact the global supply chain. Technological obsolescence poses a long term threat.

Key Takeaways
The global IGBT And Super Junction MOSFET Market Share is expected to witness high growth. The global IGBT and Super Junction MOSFET Market is estimated to be valued at US$ 16178.23 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.

North America dominates the market currently due to presence of major players and rapid adoption of EVs. China and India are fastest growing markets in Asia Pacific due to increasing industrial automation.

Key players operating in the IGBT and Super Junction MOSFET market include Pfizer Inc. (U.S.), ARGON M, Stmicroelectronics N.V. (Switzerland), Infineon Technologies (Germany), Fairchild Semiconductor (U.S.), Fuji Electric Co. Ltd. (Japan). Major players focus on new product development to gain competitive advantage.

For more insights, read- https://www.newsstatix.com/igbt-and-super-junction-mosfet-market-trends-size-and-share-analysis/

For more details on the report,  Read- https://www.newsstatix.com/immunology-market-trends-size-and-share-analysis-2/