The active participation of the government to encourage people to utilize renewable sources of energy has also supported the growth of the market considerably. The increasing demand for the conservation of energy and reduction of carbon dioxide emissions has helped the market to record significant revenue. A tremendous surge in demand has been experienced for these technologies from the manufacturing industry, consumer electronics, railway, energy and power, and the automotive industry. The higher switching frequency proves to be beneficial as it requires minimum conduction losses. The insulated gate bipolar transistors are voltage-controlled electronic devices that are utilized in high-voltage applications. To know more about this report | Request Free Sample Copy Market Overview In addition, the report explores emerging opportunities in the Insulated gate bipolar transistor (IGBT) market.
The report analyzes the drivers, restraints/challenges, and the effect they have on the demands during the projection period. According to the report published by Facts Factors, the global insulated gate bipolar transistor (IGBT) market size was worth around USD 7.7 billion in 2021 and is predicted to grow to around USD 12.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.6% between 20.
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