Rising Adoption of Electric Vehicles Leads to Demand for IGBT and Super Junction MOSFET

IGBT (insulated gate bipolar transistor) and super junction MOSFET (metal oxide semiconductor field effect transistor) are crucial power semiconductor devices used in a number of electrical switching applications. Among solid-state transistors, IGBT and MOSFET devices stand out due to their high energy efficiency, flexibility of operation, and low costs. These favorable characteristics have driven the demand for IGBT and MOSFET in industrial operations in recent years.

According to Transparency Market Research, the global IGBT and super junction MOSFET market was valued at US$4.8 bn in 2012 and is likely to rise to US$10.1 bn by the end of 2019. This expected growth represents a CAGR of 11.60% between 2013 and 2019.

What is the key driver for the global IGBT and super junction MOSFET market?

The increasing demand for electric cars is a crucial driver for the global IGBT and super junction MOSFET market. Due to the increasing environmental awareness amongst the global population, electric vehicles have experienced a rapid increase in demand, which is likely to remain a key driver for the IGBT and super junction MOSFET market in the coming years.

The global electric vehicles market reached new highs in 2015, when more than half a million electric vehicles were sold across the world. The number of new purchases of electric vehicles rose 70% between 2014 and 2015, illustrating the rich growth prospects for the electric vehicles market. Key markets for electric cars such as the U.S., China, Japan, the U.K., and Germany are also home to advanced research channels into semiconductors, leading to easy incorporation of IGBT and super junction MOSFET in electric vehicles.

Many countries, including much of Western Europe, Norway, Sweden, China, and the U.S., have approved significant tax exemptions for electric vehicles. The irreplaceable role of IGBT and super junction MOSFET in electric vehicles means this bodes well for the global market. With a robust 21.10% CAGR expected between 2013 and 2019, electric vehicles are the fastest growing application segment of the global IGBT and super junction MOSFET market.

Which is the leading regional segment of the global IGBT and super junction MOSFET market?

Geographically, Asia Pacific is the leading contributor to the global IGBT and super junction MOSFET market. The region’s 2013 share of 39% is expected to rise even further in the coming years thanks to the booming electric vehicles industry in China and the flourishing industrial sector in much of Southeast Asia. The firmly established consumer electronics industry in China, Taiwan, Japan, and South Korea is another key end user of IGBT and super junction MOSFET in Asia Pacific.

China is rapidly emerging as a vital market for electric vehicles on the back of supportive government policies and incorporation of electric vehicles in public transportation. Chinese taxation policies result in an exemption of up to US$10,000 on the purchase of electric vehicles, depending on the type of vehicle. The mounting air pollution problems in China mean the government support to electric vehicles is here to say, which spells good news for the Asia Pacific IGBT and super junction MOSFET market.

The increasing investment in high-speed rail in countries such as China and India is another leading driver for the Asia Pacific IGBT and super junction. The growing interest in solar energy is also crucial for the IGBT and super junction MOSFET market due to the use of IGBT/MOSFET in solar PV units.

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