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The IGBT Market is projected to grow by USD 10.8 Billion from 2024-2028, with AI driving market evolution and government support for EVs and HEVs boosting growth – Technavio

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — The Global IGBT Market size is estimated to grow by USD 10.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.31%  during the forecast period. Increasing government support for EV or HEVS is driving market growth, with a trend towards functional consolidation of semiconductor devices, However, rising competition from wide bandgap (wbg) semiconductor materials  poses a challenge – Key market players include ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Igbt Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.31%

Market growth 2024-2028

USD 10796.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.94

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

China, Japan, South Korea, US, and India

Key companies profiled

ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp.

Market Driver

The Industrial Internet trend is driving the integration of digital control in power systems, making inverters, drive controls, and electrical equipment compatible. This consolidation of semiconductor devices, including sensors, ICs, microcontrollers, and IGBTs, can lead to performance improvements and semiconductor advances. The analysis of data generated from these devices can reveal key areas for application and semiconductor device enhancements. This will result in more efficient and reliable IGBTs, enhancing circuit performance and ensuring smooth operations. These benefits are anticipated to fuel the growth of the IGBT market during the forecast period. 

IGBT market trends include advancements in power device technologies, particularly inverter applications using power transistors. Heat dissipation and carbon dioxide emissions are key concerns, driving the need for high-efficiency semiconductors. The cost of electricity influences the adoption of IGBTs in various electronic products, from electric vehicles (EVs) and industrial equipment to renewable projects like solar and wind power. IGBTs are essential for DC-AC conversion in EVs and solar inverter applications. Semiconductor manufacturers like Microchip Technology focus on developing high-power semiconductor devices to meet increasing power consumption demands. Industrial systems, motor drives, and power MOSFETs also utilize IGBTs for frequency and voltage control. The electrification of industries and the growing 5G adoption further boost the market. Efficiency, emissions, and fuel efficiency are critical factors, with IGBTs offering high turn-off time and thermal resistivity as a low-cost alternative. 

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Market Challenges

WBG semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), offer significant advantages for power semiconductor devices. These materials enable high voltage, high temperature, and higher switching frequencies with good thermal conductivity. SiC, in particular, has a superior ampere capacity, allowing a single 150mm SiC wafer to handle current equal to two 200mm silicon wafers. The energy efficiency and system cost reductions achievable with these materials surpass those of traditional IGBT devices. SiC-based devices, like SiC MOSFET and SiC diodes, are widely used in high-end power supplies. GaN-based devices, such as GaN FET and GaN devices at 600V, are also available, but their use in appliances is still experimental. Infineon Technologies AG, a market leader, has acquired Cree Inc.’s Wolfspeed and International Rectifier, making it a leading player in SiC-based power semiconductors. Infineon is currently developing next-generation transistors based on SiC and GaN. Transphorm Inc. Is another player focusing on GaN-based devices that can operate at higher voltages. These potential advancements could replace IGBTs during the forecast period. Despite IGBTs being less expensive and easier to manufacture, industries prioritizing precision over cost are moving towards SiC and GaN-based devices.

IGBT market is experiencing significant growth due to increasing demand in various industries. Electric cars and renewable energy sectors are major drivers, with IGBTs used in motor drives and inverters for electric vehicles, and in power conditioners and converter circuits for solar and wind power. Semiconductors, including IGBTs, are essential in the electronics manufacturing industry for 5G adoption and consumer electronics. Industrial systems also rely on IGBTs for efficient power transmission and distribution in electrification and industrialization. However, challenges persist. IGBTs face high power consumption and thermal resistivity issues, especially in industrial equipment and motor drives. Humidity and aging power infrastructure can also impact performance. To address these challenges, companies like Microchip Technology are developing low-cost alternatives and improving efficiency. Fuel prices and emissions concerns are driving the shift towards electric vehicles and green energy, further boosting the IGBT market.

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Segment Overview 

This igbt market report extensively covers market segmentation by  

Product 1.1 IGBT modules1.2 Discrete IGBTsApplication 2.1 EV or HEVs2.2 Industrial2.3 Motor drives2.4 Consumer appliance2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 IGBT modules-  The IGBT market is primarily driven by the demand for high-power devices, making IGBT modules a preferred choice over discrete IGBTs. With each IGBT module containing multiple discrete IGBTs, they offer greater compatibility for high-power applications. The global need for energy efficiency and the increasing adoption of electric vehicles (EVs) and wind energy systems are boosting the demand for IGBT modules. However, the emergence of wide bandgap (WBG) semiconductor devices as alternatives to IGBT modules may impact market growth during the forecast period. Despite this challenge, the IGBT market is projected to experience substantial year-on-year growth due to the expanding requirement for high-power density solutions and government initiatives promoting energy conservation.

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Research Analysis

The IGBT (Insulated Gate Bipolar Transistor) market is witnessing significant growth due to its application in various power device technologies, particularly inverter applications. IGBTs are high-power semiconductor devices that offer superior performance in terms of frequency and voltage handling, making them ideal for power conversion in electronic products. The increasing adoption of renewable energy sources like solar and wind power is driving the demand for IGBTs in solar inverter applications. IGBTs help in converting DC voltage from solar panels into AC voltage for grid connection. The EV market is another major application area for IGBTs, where they are used in electric vehicles (EVs) for motor control and power conversion. The cost of electricity and carbon dioxide emissions are key factors driving the shift towards electrification and the use of IGBTs in power transmission & distribution and smart grids. IGBTs also offer high turn-off time, making them suitable for industrialization applications. Inverter applications, electric cars, and renewable projects are some of the major areas where IGBTs are finding extensive use. The market is expected to grow further as the demand for fuel efficiency and sustainable energy solutions increases.

Market Research Overview

The IGBT (Insulated Gate Bipolar Transistor) market is experiencing significant growth due to the increasing demand for power device technologies in various applications. IGTBs are essential components in inverter applications, particularly in power transistors, which play a crucial role in converting DC voltage to AC voltage for various electronic products. The EV market, including electric vehicles (EVs), is a major driver for IGBTs due to their high power handling capabilities and efficiency. IGBTs are also used in renewable projects, such as solar inverter applications, to convert DC voltage from solar panels to AC voltage for grid connection. The cost of electricity and carbon dioxide emissions are key factors driving the adoption of IGBTs in renewable energy. In the electronics manufacturing industry, IGBTs are used in high-power semiconductor devices, industrial equipment, motor drives, and inverters. The 5G adoption is also expected to boost the demand for IGBTs due to their high-frequency and voltage handling capabilities. IGBTs offer several advantages, including high efficiency, low power consumption, and thermal resistivity. However, challenges such as high turn-off time, humidity, and the need for a low-cost alternative persist. IGBT modules are used as power conditioners and converter circuits in various applications, including electric cars, industrial systems, and green energy projects. The aging power infrastructure, fuel prices, and the need for electrification and electricity transmission & distribution are other factors driving the growth of the IGBT market. The solar energy industry, wind power, and industrialization are also significant end-users of IGBTs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductIGBT ModulesDiscrete IGBTsApplicationEV Or HEVsIndustrialMotor DrivesConsumer ApplianceOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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DayOne Launches as an Independent Global Data Center Pioneer Following Series B Funding Closure

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SINGAPORE, Jan. 1, 2025 /PRNewswire/ — DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity.

The brand name “DayOne” encapsulates the company’s entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, “DayOne” represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, “DayOne” is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support.

Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group.

These investments have not only underscored confidence in DayOne’s ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne’s autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors.

Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation.        

“The trust from our investors speaks volumes about the strength of DayOne’s vision and our ability to deliver transformative results in a rapidly evolving industry,” said William Huang, Chairman of DayOne. “This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation.”

Jamie Khoo, CEO of DayOne, said: “DayOne represents more than a new name—it’s a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem.”

Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: “The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector.”

Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions.

DayOne’s competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience.

Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide.

About DayOne

DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions.

Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne’s data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond.

Headquartered in Singapore, DayOne’s leadership team draws on over two decades of industry experience and a track record of building Asia’s largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.

As demand for strategically located and customized data centers rises, DayOne’s entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.

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SOURCE DayOne Data Centers

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Altice USA (Optimum) Has Dropped MSG Networks, Depriving Local Fans of Hundreds of Live, Exclusive Games of Their Favorite Teams

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Knicks, Rangers, Islanders and Devils Coverage on MSG Networks is Dark for Optimum Subscribers

For More Information, Please Visit KEEPMSG.COM

NEW YORK, Jan. 1, 2025 /PRNewswire/ — Despite MSG Networks’ extensive efforts to reach an agreement, Altice USA has dropped MSG Networks from its Optimum channel lineup in the tri-state area, leaving passionate Knicks, Rangers, Islanders and Devils fans out in the cold this winter.   

MSG Networks issued the following statement:

“As a last-ditch effort to save their struggling business at the expense of subscribers, Altice is trying to charge their customers more and give them less. They just raised prices – nearly 50% for current Optimum subscribers and 70% for new Optimum subscribers (after expiration of a promotional offer) for the package that had included MSG Networks – and cut access to the Knicks, Rangers, Islanders, Devils and more on MSG Networks.  We offered Altice a number of fair and reasonable proposals that called for Altice to pay us less than last year. Altice rejected all of them, including our offer to keep MSG Networks on the air while we continued to try to reach a deal.  We remain ready to negotiate in good faith.”

In addition:

The previous Optimum Core TV package – which included MSG Networks and includes other sports channels – increased from $95 to $140/month, nearly a 50% increase.Now, following Altice’s introduction of its new packages just a few weeks ago, the most “affordable” new package that had offered MSG Networks prior to the drop is $160/month – that is almost 70% more than what Optimum customers paid before.MSG Networks offered Altice the same fair and reasonable terms that other major providers accepted. And now Altice’s own customers are paying the price to bolster Altice’s bottom line with dramatic price hikes and unreasonable proposals to programmers.Optimum subscribers are encouraged to visit KEEPMSG.COM for more information, including on how switch providers or to find other options for watching MSG Networks’ award-winning programming.NBA and NHL telecasts appearing on MSG Networks regularly rank as some of the most-watched cable programs in the region. 

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact: Dan Schoenberg (dan.schoenberg@msg.com)

 

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SOURCE Sphere Entertainment Co.

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CES 2025: viaim Unveils Smart Office Tools RecDot and NoteKit with Exclusive Limited-Time Early Access

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The brand’s early bird event gives professionals the chance to be the first to experience an unprecedented office experience with exclusive discounts and surprises.

SINGAPORE, Jan. 1, 2025 /PRNewswire/ — viaim, an AI technology hardware company deeply rooted in the smart office sector, is ushering in a new smart office era with its mission to create AI that eliminates repetitive office tasks, enabling business professionals to focus on collaboration, innovation, and more meaningful work. The Company’s upcoming debut at CES 2025 will see the launch of its RecDot AI Work companion earbuds and NoteKit desktop AI recorder that can simplify workflows. viaim AI offers advanced features to enhance productivity and convenience. Its AI assistant analyzes meeting minutes, extracts key points, and generates summaries and to-do lists, simplifying post-meeting tasks.

Empowering business professionals around the world to work smarter and more efficiently, RecDot supports real-time transcription and translation for on-site, call, and audio-video recordings. With translation capabilities in 13 languages, it ensures seamless communication and 48dB deep noise reduction isolates background noise effectively, customizable for various scenarios. Additionally, the 36-hour charging box battery life offers up to 9 hours per use and provides one hour of use with just a 5-minute charge. viaim’s products can streamline meeting workflows and the real-time transcription, translation, and summarization features simplify tasks and improve focus, making it ideal for multinational or foreign-language meetings. 

Additionally, the sleek-like-a-pen NoteKit desktop AI recorder plugs directly into a laptop without the need to connect earbuds or additional drivers. It utilizes dual microphones for omnidirectional sound pickup to record audio independently and can clearly capture human voices within five meters and can be independently controlled through physical buttons. It supports transcription of live and audio and video conference recordings, supports recognition and translation of 13 languages, and can provide external subtitles for foreign language videos.

To celebrate the launch, viaim invites users to participate in its exclusive early bird event from January 1 to January 6, 2025. Don’t miss your chance—register now on viaim’s official website (store.viaim.ai) to secure discounts of up to $25 and enter for a chance to win a RecDot valued at $249 ,Time is limited, so act fast and elevate your workplace efficiency with viaim’s latest innovations!

Jane Doe,CMO of viaim said: “Professionals face growing challenges in efficiency and communication, especially with frequent meetings, remote collaboration across time zones, and multilingual needs. Traditional tools fall short, reducing productivity. viaim addresses these pain points, and this launch marks a key step toward smarter workplace solutions.”

Discover viaim at CES 2025 and join the immersive experience at Booth 36709, LVCC South Hall 2, from January 7 to 10. Explore live product demonstrations, engage in expert-led discussions, and enjoy exclusive offers.  Learn how RecDot and NoteKit can transform your workday and unlock new levels of productivity.

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SOURCE VIAIM

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