Key Findings

• The global power electronics market accounts for US$17.5 billion in 2019, with a 4.3% CAGR from 2019-2025

• IGBT modules represented US$3.7 billion in 2019

• The increase demand of power IGBT modules is driven by EV/HEV4

• Yole expects this market to achieve CAGR of 18% from 2019 to 2025.

• The IGBT module market is boosted by growth in EVs/HEVs and industrial motors.

• Si IGBT players offer differentiated approaches for device design

Key Excerpts

• "Silicon devices such as IGBTs are benefiting from mature infrastructure and processes. New device generations are coming to the market. In addition to performance improvements, Si IGBT costs will further be reduced thanks to a 12-inch Si wafer transition that will make the competition with WBG (wide-bandgap) materials even tougher."

• "Si devices represent the majority of the power electronics devices market."

• "Looking back in 2019, the whole power semiconductor device market segment was worth US$17.5 billion, with a CAGR for 2019-2025 of 4.3%. IGBT modules, which represented US$3.7 billion in 2019, are traditionally used in applications such as industrial or renewable energy converters. These applications are today driven by efficiency regulations or increasing clean energy goals, and they account for 46% of the total IGBT module market. Nevertheless, the key application for power IGBT modules is undoubtedly EV/HEV, with an expected growth of 18% from 2019 to 2025."

View the full press release here

Source Yole