According to a new report, published by KBV research, The Global IGBT And Super Junction MOSFET Market size is expected to reach $31.43 billion by 2031, rising at a market growth of 11.6% CAGR during the forecast period.
The IGBT segment is leading the Global IGBT And Super Junction MOSFET Market by Type in 2023; thereby, achieving a market value of $20.54 billion by 2031. IGBTs are widely used in applications requiring high voltage and current handling capabilities, such as power inverters, motor drives, and industrial equipment. The ability of IGBTs to operate efficiently at higher power levels makes them crucial for sectors like renewable energy (especially solar and wind power), industrial automation, and electric vehicles (EVs). Their significant role in high-power applications, where energy efficiency and reliability are key, has contributed to their prominent share in the market.
The Inverter & UPS segment is anticipating a CAGR of 10.6% during (2024 - 2031). Inverters and UPS systems are essential in providing backup power and converting DC (direct current) to AC (alternating current) for various residential, commercial, and industrial power management applications. IGBTs and super junction MOSFETs are crucial in these systems due to their fast-switching capabilities, high efficiency, and thermal performance, especially in critical applications like data centers, telecommunications, and medical equipment where uninterrupted power supply is vital.
Full Report: https://www.kbvresearch.com/igbt-and-super-junction-mosfet-market/
The Asia Pacific region dominated the Global IGBT And Super Junction MOSFET Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12.9 billion by 2031. The North America region is experiencing a CAGR of 10.9% during (2024 - 2031). Additionally, The Europe region would showcase a CAGR of 11.1% during (2024 - 2031).
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