Monday, 14 April 2014

Global IGBT-based Power Module Market Analysis 2018

Analysts forecast the Global IGBT-based Power Module market to grow at a CAGR of 12.32 percent over the period 2013-2018. The Report recognizes the following companies as the key players in Global IGBT-based Power Module Market: Fuji Electric Co. Ltd., Infineon Technologies AG, Mitsubishi Electric Corp., Semikron International GmbH, ABB Ltd., Fairchild Semiconductor International Inc., NXP Semiconductors N.V., Renesas Electronics Corp., ST Microelectronics N.V., Toshiba Corp.
This report covers the present scenario and the growth prospects of the Global IGBT Power Module market for the period 2013-2018. To calculate the market size, it considers revenue generated from the IGBT modules in applications from the following segments:
  • Industrial Motor Drives
  • Traction
  • Power Supplies
  • Renewable Energy
  • Consumer Appliances

The Global IGBT Power Module market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
There is an increasing focus on IGBT chip optimization because of the growing need for higher power density, higher power output, and increased thermal resistivity. IGBTs are used extensively in various types of power electronic devices because IGBT chips are compact in design, small in size, and have high reliability, which improves functionality. Several market vendors are also investing heavily in R&D to manufacture optimized chips to increase the operational efficiency of IGBT-based power modules.
According to the report, the need to generate electrical energy from renewable energy sources is rapidly growing. It is estimated that global energy consumption will increase by over 60 percent by 2030, which is also expected to enhance the adoption of IGBT-based power modules in wind turbines. These modules are used in wind turbine converters as well as in grid converters and inverters in solar panels to increase power efficiency and switching speed. The growing need for increased thermal capacity and power cycling capacity is also playing a significant role in driving the adoption of IGBT-based power modules for wind turbine applications
Further, the report states that these module higher power density than MOSFETs and they can manage power upto 1,000A. This increases the cost of IGBT-based power modules on an ampere per dollar basis. The high cost of IGBT-based power modules deters their use in applications such as welding equipment, low-voltage motor control, and UPS. Several cost-sensitive SMEs that manufacture electronic devices also find it difficult to adopt these modules.