Transparency Market Research announces the release of a new research study titled “IGBT and Super Junction MOSFET Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”. Based on the findings of the report, the global insulated gate bipolar transistor (IGBT) and super junction metal-oxide semiconductor field effect transistor (MOSFET) market is projected to rise from a value of US$4,776.2 Mn in 2012 to US$10,100 Mn by 2019, expanding at a strong CAGR of 11.60% from 2013 to 2019.
The research report highlights some of the most significant forces driving and inhibiting the growth of the global IGBT and super junction MOSFET market. According to the study, rising deployment in electric vehicles and hybrid electric vehicles and increasing focus on greater energy efficiency are the leading factors boosting the IGBT and super junction MOSFET market. A growing market for smart grids holds immense opportunities, as stated by the report. In contrast, stiff competition from other power semiconductors is likely to hold the IGBT and super junction MOSFET market back.
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On the basis of application, the IGBT and super junction MOSFET market is segmented into uninterrupted power supply (UPS), motor drives, rail traction, converters, adapters and chargers, industrial applications, consumer applications, residential, photovoltaic (PV) inverter, wind turbines, lighting, electric vehicles/hybrid electric vehicles (EV/HEV), and others including telecom and networking devices and servers.
In the IGBT section, the industrial application segment held the largest share of the market in 2012, with motor drives following suit. Registering a remarkable CAGR of 21.10% from 2013 to 2019, the EV/HEV application area is likely to be the most rapidly developing segment by the end of the forecast period.
In the super junction MOSFET section, converters, chargers, and adapters held the largest share of the market in 2012, with the others segment coming in next. Similar to IGBT, the EV/HEV segment is projected to develop at the fastest pace of 30.0% CAGR by 2019.