Market Overview:
The global IGBT module for new energy vehicle (NEV) market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for new energy vehicles, especially battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs). In terms of type, the less than 600 V segment is expected to grow at the highest CAGR during the forecast period, followed by the 1200 V to 1700 V and 1700 V to 3300 V segments. The North America region is estimated to account for the largest share of the global IGBT module for NEV market in 2018, followed by Europe and Asia Pacific.
 Industry Outlook.svg)
Product Definition:
An IGBT module is a power semiconductor device that uses insulated gate bipolar transistors (IGBTs) to control the flow of electric current. It is used in new energy vehicles (NEVs) to convert the direct current from the battery into alternating current for use by the vehicle's electrical systems. The IGBT module is important for NEVs because it allows them to use less energy while still providing enough power to run all of the vehicle's systems.
Less than 600V:
The less than 600V is a voltage range which is used in IGBT modules for the new energy vehicle market. The less than 600V IGBT modules are used in electric vehicles that have an output of more than 200 kW. These high power electric vehicles are expected to gain popularity over the forecast period owing to government initiatives towards green transportation and stringent environmental regulations concerning carbon emissions from fossil fuel-powered automobiles.
Global Less Than 600V, it's usage.
600V to 1200V:
The 600V to 1200V is the range of electric voltage that IGBT modules can operate at. It has been observed that these high voltage power modules are used in theNEV (New Energy Vehicle) battery packs, which have a capacity of more than 60kW. The 600V to 1200V IGBT power supply is developed by using advanced technology and equipment with high-temperature super insulation capability.
Application Insights:
On the basis of application, the global IGBT module for new energy vehicle market has been segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell electric vehicles (FCEV). The FCEV segment is anticipated to witness significant growth over the forecast period owing to increasing government funding and initiatives for promoting adoption of such automobiles in countries such as Japan, China and Germany.
The BEV segment accounted for a major share in 2017 due to increased demand from countries such as California, New York and European nations. Government incentives offered on purchasing Electric Vehicles are also expected to boost industry growth over the coming years. For instance, in December 2016, U.K.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing adoption of electric vehicles, which has resulted in increased demand for IGBT modules. China is estimated to be one of the key contributors to regional growth owing to increasing investments in infrastructure development and manufacturing facilities.
The European region occupied a significant market share in 2017 owing to early adoption of advanced energy technologies such as electric vehicles, renewable energy sources, etc., which are anticipated to drive product demand over the forecast period. Moreover, Europe being a developed economy with high disposable income is likely t0 generate higher revenue compared with other regions during the same period due their rapid penetration into various end-use applications such as industrial automation and lighting & power distribution systems among others).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% from 2016 to 2020. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the electric vehicle industry.
- Rising demand for hybrid vehicles: A number of governments are providing incentives and subsidies for the purchase of hybrid or electric vehicles. This is expected to drive the growth of the IGBT module market for NEVs during the forecast period.
- Development of advanced technologies: The development of new technologies such as wide bandgap semiconductors is expected to boost the growth prospects of this market during the forecast period.
- Growing investments in R&D: Key players in this market are investing heavily in R&D activities to develop new products that can cater to rising demand from end-use industries such as automotive and electronics manufacturing sectors .
Scope Of The Report
Report Attributes
Report Details
Report Title
IGBT Module for New Energy Vehicle (NEV) Market Research Report
By Type
Less than 600V, 600V to 1200V, 1200V to 1700V, 1700V to 3300V, More Than 3300V
By Application
Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEV)
By Companies
BYD, Mitsubishi Electric, Infineon Technologies (IR), Fuji Electric, SEMIKRON, Hitachi, ON Semiconductor (Fairchild), ABB, IXYS Corporation, Starpower Semiconductor, BYD, Vishay, MacMic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global IGBT Module for New Energy Vehicle (NEV) Market Report Segments:
The global IGBT Module for New Energy Vehicle (NEV) market is segmented on the basis of:
Types
Less than 600V, 600V to 1200V, 1200V to 1700V, 1700V to 3300V, More Than 3300V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEV)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD
- Mitsubishi Electric
- Infineon Technologies (IR)
- Fuji Electric
- SEMIKRON
- Hitachi
- ON Semiconductor (Fairchild)
- ABB
- IXYS Corporation
- Starpower Semiconductor
- BYD
- Vishay
- MacMic
 Market Overview.svg)
Highlights of The IGBT Module for New Energy Vehicle (NEV) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than 600V
- 600V to 1200V
- 1200V to 1700V
- 1700V to 3300V
- More Than 3300V
- By Application:
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Electric Vehicles (FCEV)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IGBT Module for New Energy Vehicle (NEV) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An IGBT module is a type of electronic device used in electric vehicles. It is a small, low-power semiconductor chip that can be used to control the flow of electricity in an electric vehicle battery.
Some of the major players in the igbt module for new energy vehicle (nev) market are BYD, Mitsubishi Electric, Infineon Technologies (IR), Fuji Electric, SEMIKRON, Hitachi, ON Semiconductor (Fairchild), ABB, IXYS Corporation, Starpower Semiconductor, BYD, Vishay, MacMic.
The igbt module for new energy vehicle (nev) market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IGBT Module for New Energy Vehicle (NEV) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IGBT Module for New Energy Vehicle (NEV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IGBT Module for New Energy Vehicle (NEV) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IGBT Module for New Energy Vehicle (NEV) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IGBT Module for New Energy Vehicle (NEV) Market Size & Forecast, 2018-2028
4.5.1 IGBT Module for New Energy Vehicle (NEV) Market Size and Y-o-Y Growth
4.5.2 IGBT Module for New Energy Vehicle (NEV) Market Absolute $ Opportunity
Chapter 5 Global IGBT Module for New Energy Vehicle (NEV) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
5.2.1 Less than 600V
5.2.2 600V to 1200V
5.2.3 1200V to 1700V
5.2.4 1700V to 3300V
5.2.5 More Than 3300V
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IGBT Module for New Energy Vehicle (NEV) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
6.2.1 Battery Electric Vehicles (BEVs)
6.2.2 Plug-in Hybrid Electric Vehicles (PHEVs)
6.2.3 Fuel Cell Electric Vehicles (FCEV)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IGBT Module for New Energy Vehicle (NEV) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IGBT Module for New Energy Vehicle (NEV) Analysis and Forecast
9.1 Introduction
9.2 North America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
9.6.1 Less than 600V
9.6.2 600V to 1200V
9.6.3 1200V to 1700V
9.6.4 1700V to 3300V
9.6.5 More Than 3300V
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
9.10.1 Battery Electric Vehicles (BEVs)
9.10.2 Plug-in Hybrid Electric Vehicles (PHEVs)
9.10.3 Fuel Cell Electric Vehicles (FCEV)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IGBT Module for New Energy Vehicle (NEV) Analysis and Forecast
10.1 Introduction
10.2 Europe IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
10.6.1 Less than 600V
10.6.2 600V to 1200V
10.6.3 1200V to 1700V
10.6.4 1700V to 3300V
10.6.5 More Than 3300V
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
10.10.1 Battery Electric Vehicles (BEVs)
10.10.2 Plug-in Hybrid Electric Vehicles (PHEVs)
10.10.3 Fuel Cell Electric Vehicles (FCEV)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IGBT Module for New Energy Vehicle (NEV) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
11.6.1 Less than 600V
11.6.2 600V to 1200V
11.6.3 1200V to 1700V
11.6.4 1700V to 3300V
11.6.5 More Than 3300V
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
11.10.1 Battery Electric Vehicles (BEVs)
11.10.2 Plug-in Hybrid Electric Vehicles (PHEVs)
11.10.3 Fuel Cell Electric Vehicles (FCEV)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IGBT Module for New Energy Vehicle (NEV) Analysis and Forecast
12.1 Introduction
12.2 Latin America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
12.6.1 Less than 600V
12.6.2 600V to 1200V
12.6.3 1200V to 1700V
12.6.4 1700V to 3300V
12.6.5 More Than 3300V
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
12.10.1 Battery Electric Vehicles (BEVs)
12.10.2 Plug-in Hybrid Electric Vehicles (PHEVs)
12.10.3 Fuel Cell Electric Vehicles (FCEV)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IGBT Module for New Energy Vehicle (NEV) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Type
13.6.1 Less than 600V
13.6.2 600V to 1200V
13.6.3 1200V to 1700V
13.6.4 1700V to 3300V
13.6.5 More Than 3300V
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IGBT Module for New Energy Vehicle (NEV) Market Size Forecast by Applications
13.10.1 Battery Electric Vehicles (BEVs)
13.10.2 Plug-in Hybrid Electric Vehicles (PHEVs)
13.10.3 Fuel Cell Electric Vehicles (FCEV)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IGBT Module for New Energy Vehicle (NEV) Market: Competitive Dashboard
14.2 Global IGBT Module for New Energy Vehicle (NEV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Mitsubishi Electric
14.3.3 Infineon Technologies (IR)
14.3.4 Fuji Electric
14.3.5 SEMIKRON
14.3.6 Hitachi
14.3.7 ON Semiconductor (Fairchild)
14.3.8 ABB
14.3.9 IXYS Corporation
14.3.10 Starpower Semiconductor
14.3.11 BYD
14.3.12 Vishay
14.3.13 MacMic
