Insulated Gate Bipolar Transistor (IGBT) Market Report 2026

The insulated gate bipolar transistor (igbt) market size has grown rapidly in recent years. It will grow from $10.37 billion in 2025 to $11.69 billion in 2026 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to early adoption of igbt modules in industrial applications, initial use in home appliances, growth of automotive electric drive systems, rising demand in renewable energy integration, early integration in servo drive systems.

The insulated gate bipolar transistor (igbt) market size is expected to see rapid growth in the next few years. It will grow to $18.8 billion in 2030 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to expansion of AI-driven semiconductor control, increasing use of high-voltage igbt modules, integration with ev and renewable energy systems, growth in precision motor drive applications, rising adoption of connected power electronics. Major trends in the forecast period include integration of AI-powered switching optimization, adoption of smart igbt monitoring systems, deployment of high-efficiency semiconductor solutions, implementation of real-time pwm control systems, expansion of connected power electronics platforms.

The rising production of electric vehicles (EVs) is expected to drive the growth of the insulated gate bipolar transistor (IGBT) market. IGBTs are a type of semiconductor device used as electronic switches that convert DC power from a car battery and AC control signals into the high power required to operate the motor through an inverter. IGBT technology is highly efficient for EV motors due to its fast-switching capabilities, which reduce power consumption and increase driving range. As EV production continues to grow, the demand for IGBTs will rise accordingly. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that in 2023, new electric car registrations in China reached 8.1 million, reflecting a 35% increase compared to 2022. Therefore, the increase in electric vehicle production is driving the insulated gate bipolar transistor market.

Leading companies in the insulated gate bipolar transistor (IGBT) market are focusing on developing new products, such as the NGW30T60 insulated gate bipolar transistor (IGBT), to provide reliable solutions to customers. The NGW30T60 insulated gate bipolar transistor (IGBT) serves as an ideal option for industrial power conversion applications operating up to 50 kHz (kilohertz). For example, in July 2023, Nexperia, a Netherlands-based semiconductor manufacturer, introduced the NGW30T60 insulated gate bipolar transistor (IGBT). The NGW30T60 insulated gate bipolar transistor (IGBT) is a 600 volts (V) device designed for high-power conversion applications, including power inverters, uninterruptible power supply (UPS) systems, photovoltaic (PV) strings, and electric vehicle (EV) charging.

In October 2023, Hyundai Motor Company and Kia Corporation, both South Korea-based automotive manufacturers, strategically partnered with Infineon Technologies AG, a Germany-based semiconductor manufacturer. This partnership aims to enhance the supply of power semiconductors, including diodes, insulated-gate bipolar transistors (IGBTs), and silicon carbide (SiC) power modules, for Hyundai and Kia electric vehicles (EVs). Infineon Technologies AG is recognized for providing high-quality insulated gate bipolar transistors (IGBTs).

Major companies operating in the insulated gate bipolar transistor (igbt) market are Renesas Electronics Corporation, Infineon Technologies AG, Fuji Electric Co. Ltd., ROHM Co. Ltd., SEMIKRON International GmbH, ABB Group, Advanced Power Electronics Corporation, Alpha and Omega Semiconductor Inc., Applied Power Systems Inc., C&H Technology Inc., Darrah Electric Company, Dynex Semiconductor Ltd., Infineon Technologies AG, Jameco Electronics Co., Littelfuse Inc., Microsemi Corporation, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, Powerex Inc., Sensitron Semiconductor Co., Silan Microelectronics Co. Ltd., STMicroelectronics N.V., Toshiba Corporation, Transphorm Inc., Vishay Intertechnology Inc., WeEn Semiconductors Co. Ltd., Yangzhou Yangjie Electronic Technology Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the IGBT market by increasing costs for imported semiconductor wafers, modules, and control electronics required for high-efficiency switching applications. Automotive, EV/HEV, and industrial segments in Asia-Pacific, Europe, and North America are most affected due to reliance on imported components. However, tariffs are driving local assembly, regional sourcing, and development of cost-efficient IGBT solutions, enhancing supply chain resilience and supporting broader adoption of advanced power electronics.

The insulated gate bipolar transistor (IGBT) market research report is one of a series of new reports that provides insulated gate bipolar transistor (IGBT) market statistics, including insulated gate bipolar transistor (IGBT) industry, global insulated gate bipolar transistor (IGBT) market size, regional shares, competitors with an insulated gate bipolar transistor (IGBT) market share, detailed insulated gate bipolar transistor (IGBT) market segments, market trends and opportunities, and any further data you may need to thrive in the insulated gate bipolar transistor (IGBT) industry. This insulated gate bipolar transistor (IGBT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The insulated gate bipolar transistor (IGBT) is a semiconductor switching device with three terminals, widely applied in various electronic devices for efficient and rapid switching. Typically utilized in amplifiers, it handles the switching and processing of intricate wave patterns through pulse width modulation (PWM).

The main types of insulated gate bipolar transistors (IGBTs) are discrete and modular. Discrete IGBTs find application in power factor correction circuits, dc/ac converter circuits, as well as in UPS, power conditioners, air conditioners, and welding equipment. IGBTs come in three power rating categories: high power, medium power, and low power, playing essential roles in EV/HEV, renewables, UPS, rail, motor drives, and industrial and commercial applications.Asia-Pacific was the largest region in the insulated gate bipolar transistor (IGBT) market in 2025. The regions covered in the insulated gate bipolar transistor (igbt) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the insulated gate bipolar transistor (igbt) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The insulated gate bipolar transistor (IGBT) market consists of sales of punch through IGBT and non-punch through IGBT. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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