IGBTs and Super Junction MOSFETs are power electronic devices that are widely used for switching and controling high power in various industrial and commercial applications due to their high efficiency and smaller size compared to other power semiconductor devices such as BJTs and MOSFETs. They are commonly used in inverters, converters, motor drives, high-frequency switching power supplies, and other power electronic applications.

Market key trends:

One of the major trends driving the growth of the IGBT and Super Junction MOSFET Market Size is increasing adoption of electric vehicles. IGBTs and Super Junction MOSFETs are widely used in electric vehicle powertrain systems such as motor drives, onboard chargers, and DC/DC converters owing to their high-voltage and high-current handling capabilities. The growing global EV production and sales are expected to boost the demand for efficient power devices like IGBTs and MOSFETs during the forecast period. According to the International Energy Agency, the global electric car stock crossed 10 million in 2020 and is expected to grow significantly in the coming years supported by various government regulations and incentives. This rising electric mobility is anticipated to fuel the IGBT and Super Junction MOSFET market growth over the next few years.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is low as it requires large amount of capital to set up manufacturing facilities. The market also has strong presence of established players.

Bargaining power of buyers: The bargaining power of buyers is moderate as the products are easily available from multiple vendors. However, demand for these products is price sensitive.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials used in manufacturing these semiconductors.

Threat of new substitutes: Threat of new substitutes is low as there are limited alternatives available for specific applications.

Competitive rivalry: High as the established players compete intensely based on innovation, pricing and service quality.

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