IGBT Market Research Report- Global Forecast to 2023
The global IGBT market is growing rapidly, mainly due to the rising adoption of these transistors in power electronics, Pulse Width Modulated (PWM) servo, and three-phase drives requiring high dynamic range control & low noise. Besides, key advantages of Insulated Gate Bipolar Transistor (IGBT) , such as low state voltage drop due to conductivity modulation and superior state current density, drive the market growth. Additionally, major advantage gained by IGBT device over BJT or MOSFET, such as greater power gains than the standard bipolar type transistor due to the higher voltage operation and lower input losses of the MOSFET, escalates the market growth. Market Research Future (MRFR), in its recent IGBT market forecast, asserts that the market is forecasted to grow at 12.5% during the assessment period (2017-2023). Increasing demand for electric vehicles and high voltage operating devices influences the IGBT market growth. Additionally, rising IGBT applications, su...