Therefore, the world IGBT market is expected to witness moderate growth in the near future, owing to high-speed switching rate and optimized power loss. Increasing demand for electric vehicle and aggrandized need for high voltage operating devices have led to higher adoption of IGBT in energy & power, automotive, consumer electronics, and industries. Currently, it is used in renewable resources and electric vehicles to improve switching speed and prevent power loss. In addition, it is a combination of MOSFET and Bipolar Junction Transistor (BJT) in monolithic form. It enables power management to enhance energy conservation in various applications such as industrial systems, consumer electronic, and electric vehicle. It is a cost-effective solution to replace Metal Oxide Semiconductor Field-Effect Transistor (MOSFET), which is compatible with higher voltage and current. It is also known as minority carrier device that enables faster switching rate and offers greater efficiency. Global Insulated-Gate Bipolar Transistors (IGBTs) Market is expected to garner $11 billion by 2022. IGBT is a type of power semiconductor that is used as an electronic switch device. Global Insulated-gate bipolar transistors (IGBTs) Market Overview

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