EVs driving IGBT market

The global power electronics market accounts for $17.5 billion in 2019, with a 4.3% CAGR from 2019-2025, says Yole Developpement, of which IGBT modules represented $3.7 billion in 2019. IGBT modules are traditionally used in applications such as industrial or renewable energy converters. These applications are today driven by efficiency regulations or increasing clean energy ...

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