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IGBT Market Will Witness Market Growth Due to Increasing Government Support for EV/HEVs | TechnavioThe global IGBT market size is poised to grow by USD 3.77 billion during 2020-2024, progressing at a CAGR of about 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119006107/en/ 
Technavio has announced its latest market research report titled Global IGBT Market 2020-2024 (Graphic: Business Wire) One of the key factors that will drive the growth of the IGBT market, are the initiatives taken by the government to control the rising environmental concerns and oil prices that are driving the shift to electric vehicles. It is estimated that EVs and HEVs can lower oil consumption by more than one-third by 2020 as electricity is cheaper, these vehicles provide a big cost advantage over gasoline and petroleum. Electric motors provide quiet, smooth operations and require less maintenance than combustion engines. IGBT is a vital component that is needed to minimize switching loss and maximize thermal efficiency. With these advantages and the increasing popularity of electric vehicles coupled with government initiatives, this IGBT market will grow significantly during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
View market snapshot before purchasing Government Policies will be a Key Market Trend Across the world governments in various countries are implementing policies such as energy performance labels, energy performance standards to ensure environmental safety, general awareness programs, reduced consumption of energy, and lower utility bills for consumers. These policies and the rise in the cost of energy have compelled manufacturers to take measures to develop energy-efficient products, which is one of the key IGBT market trends. This will increase the demand for IGBT resulting in the growth of this market during the forecast period. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report IGBT Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer Landscape Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201119006107/en/ |
