The global insulated gate bipolar transistor market is expected to continue growing during the forecast period driven by increasing demand from industrial manufacturing and consumer electronics. The market is estimated to garner US$ 14.9 Billion in 2033, recording a CAGR of 8.3% from 2023 to 2033. The increasing application of technologically improved insulated gate bipolar transistors across various industries is driving market growth. NEWARK, Del, (GLOBE NEWSWIRE) - The global insulated gate bipolar transistor market size is likely to be valued at US$ 6.7 Billion in 2023.
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