The 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 12.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

IGBTs and Super Junction MOSFETs are power electronic devices that are widely used for switching and controling high power in various industrial and commercial applications due to their high efficiency and smaller size compared to other power semiconductor devices such as BJTs and MOSFETs. They are commonly used in inverters, converters, motor drives, high-frequency switching power supplies, and other power electronic applications.

Market key trends:

One of the major trends driving the growth of the IGBT and Super Junction MOSFET Market Size is increasing adoption of electric vehicles. IGBTs and Super Junction MOSFETs are widely used in electric vehicle powertrain systems such as motor drives, onboard chargers, and DC/DC converters owing to their high-voltage and high-current handling capabilities. The growing global EV production and sales are expected to boost the demand for efficient power devices like IGBTs and MOSFETs during the forecast period. According to the International Energy Agency, the global electric car stock crossed 10 million in 2020 and is expected to grow significantly in the coming years supported by various government regulations and incentives. This rising electric mobility is anticipated to fuel the IGBT and Super Junction MOSFET market growth over the next few years.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is low as it requires large amount of capital to set up manufacturing facilities. The market also has strong presence of established players.

Bargaining power of buyers: The bargaining power of buyers is moderate as the products are easily available from multiple vendors. However, demand for these products is price sensitive.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials used in manufacturing these semiconductors.

Threat of new substitutes: Threat of new substitutes is low as there are limited alternatives available for specific applications.

Competitive rivalry: High as the established players compete intensely based on innovation, pricing and service quality.

SWOT Analysis

Strength: Wide application base and growing demand from electric vehicles and renewable energy sectors. Companies focus on R&D to develop innovative and efficient products.

Weakness: Require high initial investment and rapid changes in technology require continuous upgrades. Vulnerable to fluctuations in raw material prices.

Opportunity: Growing government support for renewable energy and electric mobility offering huge market potential. Advancements in power electronics increasing product adoption.

Threats: Trade war between US and China creates supply chain disruptions. Intense competition exerting pressure on pricing and margins.

Key Takeaways

The global IGBT and Super Junction MOSFET market is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing demand for electric vehicles and renewable energy generation across the world. Countries like China, US and India are focusing on renewable energy transition which is driving the market.

The Asia Pacific region dominated the global market in 2023 with over 40% share. China is the leading consumer of IGBT/SJ MOSFET modules for applications such as renewable energy and electric vehicles. Europe is also growing at a steady pace due to government initiatives to reduce carbon footprint.

Key players operating in the IGBT and Super Junction MOSFET market are Infineon Technologies AG, Vishay Intertechnology, Inc., Mitsubishi Electric Corporation, STMicroelectronics N.V., Fuji Electric Co. Ltd., Toshiba Corporation, Hitachi Power Semiconductor Device Ltd., Fairchild Semiconductor International, Inc., Semikron Elektronik GmbH & Co. KG, and ABB Ltd. Major players are focusing on new product launches, partnerships and mergers to strengthen their market position.

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