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Increased Demand of Energy-Efficient Electronic Products Have Stimulated IGBT Market: TechNavio
The Global IGBT market, one of the fastest growing semiconductor markets, is expected to grow at a CAGR of 9.07 percent from 2013-2018.
An IGBT is a semiconductor switching component used in power electronic devices. IGBTs are used in several industries because of their medium to high power applications, high blocking voltage, and ability to function efficiently at low voltage. IGBTs increase the efficiency of several high power electronic applications and play a major role in improving the efficiency and reducing the noise of power electronics.
“Escalation in energy cost and consumption has compelled governments and consumers to try to reduce energy consumption and the associated environment impacts,” says Faisal Ghaus, Vice President of TechNavio.
“This scenario has increased the demand for power-saving electronic products and their components, which in turn has led to major demand for IGBTs.”
The Global IGBT Market is expected to witness robust growth because of specific trends like implementation of clean energy sources, augmented concentration on IGBT chip optimization, requirement for copper wire for interconnections and enhanced demand for higher power density.
To define the circumstances for the concerned vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global IGBT Market (http://www.technavio.com/
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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TechNavio Media Relations