Insulated Gate Bipolar Transistors: Global Markets
The global market for insulated gate bipolar transistors (IGBT) reached $5.2 billion in 2014. The market is projected to grow from nearly $5.7 billion in 2015 to $8.8 billion in 2020, registering a compound annual growth rate (CAGR) of 9.1%.
Power factor correction converters is the largest segment of this market and is expected to reach nearly $3.3 billion in 2020 from $2.1 billion in 2015, increasing at a CAGR of 9.8% from 2015 to 2020.
Appliance motor drives as a segment will grow from $1.8 billion in 2015 to nearly $3.1 billion by 2020 at a 10.6% CAGR for the period 2015-2020.
