Top Insulated Gate Bipolar Transistors (IGBTs) Companies

Insulated Gate Bipolar Transistors (IGBTs) Market size was valued at USD 11.35 Billion in 2024 and is poised to grow from USD 12.51 Billion in 2025 to USD 27.2 Billion by 2033, growing at a CAGR of 10.2% during the forecast period (2026–2033).

Global IGBT market is highly competitive, with several prominent players vying for market share. Some of the major players in the market are investing in research and development to develop new and innovative products, expand their product portfolios, and improve their market positions. They are also engaging in strategic collaborations and partnerships with other companies to expand their customer base and enter new markets. Additionally, the IGBT market is witnessing increasing consolidation, with several mergers and acquisitions taking place to consolidate market share and gain a competitive edge. For instance, in September 2021, Infineon Technologies announced its acquisition of Cypress Semiconductor Corporation to expand its portfolio of high-performance solutions for the automotive, industrial, and consumer markets. 'Infineon Technologies AG (Germany)', 'ABB Ltd (Switzerland)', 'Danfoss Group (Denmark) ', 'Fuji Electric Co., Ltd. (Japan) ', 'Hitachi, Ltd. (Japan) ', 'Toshiba Corporation (Japan) ', 'ROHM CO., LTD (Japan) ', 'Littelfuse, Inc. (USA) ', 'StarPower Semiconductor Ltd. (China) ', 'Renesas Electronics Corporation (Japan) ', 'ON Semiconductor Corporation (USA) ', 'STMicroelectronics (Switzerland) ', 'IPG Photonics Corporation (USA) ', 'Texas Instruments Incorporated (USA) ', 'Analog Devices Inc. (USA) ', 'Microchip Technology Inc. (USA) ', 'Alpha & Omega Semiconductor (USA) ', 'SEMIKRON (Germany)'

The growing demand for energy-efficient solutions in various sectors, such as renewable energy, transportation, and industrial automation, is driving the growth of the global insulated gate bipolar transistors (IGBTs) market. IGBTs are widely used in these applications because of their high efficiency and ability to handle high voltages and currents. For example, in the renewable energy sector, IGBTs are used in solar and wind power inverters to convert DC power into AC power.

Increasing adoption of electric vehicles: The increasing adoption of electric vehicles (EVs) is a major trend driving the growth of the global IGBTs market. IGBTs are used in EVs to control the flow of power from the battery to the motor. With the increasing adoption of EVs, the demand for IGBTs is expected to grow significantly in the coming years.

Asia-Pacific dominated the market, with China and Japan being the major contributors to the regional growth. The increasing adoption of renewable energy sources, such as wind and solar power, in China and India, is expected to drive the demand for IGBTs in these regions, as IGBTs are a critical component of power electronics systems used in renewable energy infrastructure. Furthermore, the growing demand for electric vehicles in Asia-Pacific is also expected to contribute significantly to the growth of the IGBT market. Electric vehicles require efficient power electronics systems, and IGBTs play a crucial role in enabling the high-efficiency power conversion required for electric vehicle operation. This is expected to create a significant demand for IGBTs in the region, driving the growth of the market.