The APAC IGBT Market Size was estimated at 3.29 (USD Billion) in 2023. The APAC IGBT Market Industry is expected to grow from 3.68 (USD Billion) in 2024 to 11.62 (USD Billion) by 2035. The APAC IGBT Market CAGR (growth rate) is expected to be around 11.019% during the forecast period (2025 - 2035).
The APAC IGBT market is experiencing significant trends fueled by increasing demand for energy-efficient technologies and the rapid adoption of renewables. Governments in the region are actively promoting electric vehicles and renewable energy projects, which are key drivers for IGBT applications in various sectors, including transportation, telecommunications, and industrial equipment. This growing push for energy conservation and lower carbon footprints is leading industries to seek advanced solutions, further contributing to the expanding market for IGBTs.
Moreover, the rise in smart grid developments across APAC countries is creating additional opportunities for IGBT technology, as it plays a crucial role in power conversion and efficient energy distribution.The IGBT manufacturers have important opportunities within the APAC region as it is undergoing digital transformation. Countries like China, Japan, and South Korea are adopting Smart Manufacturing which increases the demand for advanced power electronic devices IGBTs.
There is also new demand for renewable energy storage devices and electric vehicle power management systems. The development of new wide bandgap semiconductor IGBT devices means there is research and development investment available, which increases competition against traditional silicon devices.
In recent times, collaboration between local firms and global technology players has become a prominent trend, promoting knowledge sharing and driving advancements in IGBT technology. The focus on research and development within APAC is not only improving product reliability but enhancing manufacturing processes as well. As companies continue to invest in next-generation power semiconductor technologies, the market is likely to witness significant transformations driven by these collective efforts toward sustainability, efficiency, and innovation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The increasing demand for renewable energy sources in the APAC region is a significant driver for the APAC IGBT Market Industry. According to the International Renewable Energy Agency, the APAC region accounted for 65% of global renewable energy capacity additions in 2020, with countries like China and India leading the charge. As nations in the region strive to achieve sustainable energy goals, the need for efficient power electronics like Insulated Gate Bipolar Transistors (IGBTs) becomes paramount.Industries in these countries are increasingly investing in solar and wind power technologies, requiring advanced power conversion solutions that IGBTs provide. Consequently, this growing trend reflects a robust compound annual growth rate (CAGR) in the sector, anticipated to reach 11.019% during the forecast period from 2025 to 2035, thereby enhancing the market potential for IGBTs in APAC.
The rising adoption of electric vehicles (EVs) across the APAC region acts as a pivotal driver for the APAC IGBT Market Industry. According to government reports, the number of electric vehicles in China alone is projected to exceed 20 million by 2025. This trend is bolstered by significant government initiatives and incentives aimed at promoting clean transportation. Established automotive companies like Tesla and domestic manufacturers are ramping up their production to meet this demand, which consequently increases the need for efficient powertrain technologies that use IGBTs for energy conversion and management.As a growing number of countries in APAC embrace stricter emissions regulations, the reliance on IGBT technology in vehicle power systems is expected to escalate, further fueling market growth.
The push for smart city projects in various APAC countries is a crucial growth driver for the APAC IGBT Market Industry. For instance, the Indian government's 'Smart Cities Mission' aims to promote sustainable and inclusive cities, targeting the implementation of modern infrastructure capable of improving the quality of life for residents. The demand for efficient power management and distribution systems in these urban developments raises the need for technology that optimally utilizes energy sources.As these smart cities increasingly incorporate automation and Internet of Things (IoT) solutions, the role of IGBTs in energy-efficient systems becomes vital. The combined investments from both the public and private sectors are expected to enhance market adoption, as indicated by projected growth in the sector.
The ongoing trend towards industrial automation in the APAC region significantly drives the demand for the APAC IGBT Market Industry. According to the Ministry of Industry and Information Technology in China, the industrial automation sector is expected to grow by over 20% annually in the coming years. The shift towards Industry 4.0 initiatives is encouraging various manufacturing sectors, including automotive, electronics, and consumer goods, to adopt advanced technologies that utilize Insulated Gate Bipolar Transistors for efficient control of electric motors and other applications.With many businesses in APAC undertaking digital transformation initiatives, the increased reliance on automated systems employing IGBTs is set to bolster market growth.
The Voltage segment of the APAC IGBT Market exhibits significant growth potential, driven by escalating demand across various industries such as automotive, consumer electronics, and renewable energy sectors. The Low Voltage segment is critical as it accommodates a wide range of applications from household appliances to smaller industrial machinery. This segment plays a pivotal role due to the growing shift towards electrification and energy efficiency, making it a focal point for manufacturers. On the other hand, the Medium Voltage sector is gaining traction, particularly in industrial applications, renewable energy integration, and power distribution networks.
The increasing requirements for grid stability and efficiency further bolster its importance within the industry. Meanwhile, the High Voltage segment dominates due to the necessity for robust power systems in applications such as rail transport, high-voltage power transmission, and renewable energy installations like offshore wind farms. Together, these segments not only reflect the diversification of the IGBT technology but also highlight the evolving landscape where efficiency and performance are paramount.
With APAC being a hub for technological advancements and manufacturing capabilities, the Voltage segment of the APAC IGBT Market is poised for continued growth as it adapts to meet the changing demands of emerging industries and sustainable energy solutions.The supportive government initiatives aimed at facilitating clean energy and high-efficiency electrical systems are further enhancing the opportunities available within this arena.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Application segment of the APAC IGBT Market is diverse, encompassing various crucial industries that drive significant innovation and growth. In Consumer Electronics, IGBT technology facilitates efficient power management and enhances electronic system performance, leading to compact designs and lighter products, which are greatly valued in the competitive sector. Industrial Manufacturing relies heavily on IGBTs for automation processes, improving efficiency, and reducing operational costs, which are essential as the region fosters rapid industrial growth and modernization.In the Automotive sector, the adoption of IGBTs supports electric vehicles and hybrid systems, aligning with the APAC region's increasing focus on sustainable transportation solutions and carbon footprint reduction.
For Inverters and Uninterruptible Power Supplies (UPS), IGBTs are paramount in energy conversion and management, ensuring reliability and efficiency in power supply systems across various industries. Railways benefit from IGBT applications in traction motors and control systems, enhancing operational safety and energy efficiency, which is critical as APAC countries aim to modernize their rail infrastructure.
The Renewables segment uses IGBTs in solar inverters and wind turbines, supporting the transition to greener energy sources as part of governmental initiatives to promote sustainability. The Others category captures applications in niche markets, reflecting the versatility and adaptability of IGBT technology across varying sectors within the region. Overall, the APAC IGBT Market segmentation highlights the substantial role these semiconductors play in driving technological advancements and the growth of multiple industries.
The APAC IGBT Market is poised for significant growth, driven by the increasing demand for energy-efficient power electronics across various applications. In this region, China remains a leader in production capacity and consumption, significantly advancing its electric vehicle and renewable energy sectors. India's burgeoning industrial landscape, coupled with government initiatives aimed at boosting manufacturing, is also expanding the IGBT market landscape. Japan plays a crucial role with its advanced research and development in semiconductor technology, pushing efficiency and innovation in IGBT applications.South Korea's focus on the semiconductor industry further complements the growth trajectory, as it invests heavily in technologies that require robust power management solutions.
Malaysia, Thailand, and Indonesia are emerging markets, leveraging their strategic locations and manufacturing capabilities to participate in the regional supply chain. The "Rest of APAC" also contributes valuable growth fueled by increasing electrification and infrastructural development. Collectively, these dynamics underscore the varied growth drivers across the APAC IGBT Market segmentation, indicating robust regional opportunities and trends that signify ongoing advancements in energy management and technology transformation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The APAC IGBT market has become a focal point for semiconductor manufacturers due to its rapid growth and diverse applications within sectors such as industrial automation, renewable energy, and consumer electronics. The competitive landscape is characterized by a range of global and regional players striving to secure a significant share by leveraging technological advancements and strategic partnerships. Market dynamics are influenced by the increasing demand for energy-efficient devices, the rise of electric vehicles, and ongoing developments in renewable energy technologies. As a result, companies are focusing on enhancing their product offerings by investing in research and development to create high-performance IGBT solutions tailored to meet the evolving needs of various industry verticals.Hitachi has firmly established its presence in the APAC IGBT market by emphasizing high-quality products and innovative technologies.
The company is recognized for its robust manufacturing capabilities, which enable it to produce a wide array of IGBT solutions that cater to different applications, including renewable energy systems and industrial machinery. Hitachi’s strengths lie in its advanced research and development efforts, allowing it to introduce cutting-edge technologies that enhance the efficiency and reliability of its IGBT modules. With a strong commitment to sustainable practices and a focus on customer-centric solutions, Hitachi is well-positioned to capitalize on the growing demand for power semiconductor devices in the APAC region.STMicroelectronics has made significant strides in the APAC IGBT market, emphasizing a comprehensive portfolio of products and services tailored to meet diverse customer needs.
The company specializes in producing high-performance IGBT solutions that are integral to applications such as electric vehicles, industrial power control, and renewable energy conversion. With a strong market presence across the APAC region, STMicroelectronics benefits from its extensive distribution network and established partnerships within the industry. The company’s strategic focus on innovation is evident in its continued investment in research and development, leading to the introduction of advanced IGBT technologies that enhance energy efficiency and performance. Moreover, through various mergers and acquisitions, STMicroelectronics has strengthened its market position, allowing it to expand its product offerings and enhance its competitive advantage within the APAC IGBT landscape.
The APAC Insulated Gate Bipolar Transistor (IGBT) Market has seen significant developments recently. In September 2023, STMicroelectronics launched a new line of IGBTs aimed at enhancing energy efficiency in industrial applications. This announcement reflects the growing demand for power management solutions across the region. Concurrently, Renesas Electronics introduced advanced IGBT modules designed for electric vehicle applications, thereby addressing the surge in electric mobility in APAC. Notably, there are recent merger and acquisition activities that are shaping the market; in August 2023, Texas Instruments acquired a semiconductor company known for its IGBT technology.
Growth in the market valuation of companies like Infineon Technologies and Fuji Electric has been attributed to rising investments in renewable energy projects across countries like India and China. Over the last two years, demand for IGBTs has consistently increased, particularly in sectors such as automotive and renewable energy, highlighting the pivotal role of companies like Toshiba and Siemens in driving technological advancements within the region. Overall, the APAC IGBT market is positioning itself for substantial growth as firms innovate and expand their product offerings to meet evolving industry needs.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 3.29 (USD Billion) |
| MARKET SIZE 2024 | 3.68 (USD Billion) |
| MARKET SIZE 2035 | 11.62 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.019% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Hitachi, STMicroelectronics, Renesas Electronics, Siemens, NXP Semiconductors, Fuji Electric, Texas Instruments, Vishay Intertechnology, Broadcom, Toshiba, Samsung Electronics, Infineon Technologies, Mitsubishi Electric, ON Semiconductor |
| SEGMENTS COVERED | Voltage, Application, Regional |
| KEY MARKET OPPORTUNITIES | Rising demand for renewable energy, Expansion of electric vehicles, Increasing adoption in industrial automation, Growth in consumer electronics, Advancements in power electronics technology |
| KEY MARKET DYNAMICS | growing renewable energy adoption, increasing industrial automation, surging electric vehicle demand, advancements in semiconductor technology, supportive government regulations |
| COUNTRIES COVERED | China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC |
Frequently Asked Questions (FAQ) :
The APAC IGBT Market is expected to be valued at 3.68 USD Billion in 2024.
The expected CAGR for the APAC IGBT Market from 2025 to 2035 is 11.019 %.
The Low Voltage segment is valued at 1.2 USD Billion in 2024.
China holds the largest market share at 1.5 USD Billion in 2024.
The Medium Voltage segment is expected to be valued at 3.08 USD Billion in 2035.
The High Voltage segment is projected to grow to 4.78 USD Billion by 2035.
India's IGBT Market is expected to grow to 2.34 USD Billion by 2035.
Key players include Hitachi, STMicroelectronics, Renesas Electronics, Siemens, and NXP Semiconductors.
South Korea's IGBT Market is expected to reach 1.95 USD Billion by 2035.
The growth opportunities stem from increased demand in electric vehicles and renewable energy applications.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
