The value represents a slight improvement compared with the 2.2 percent growth achieved between 2010 and 2011, but a more detailed examination shows mixed fortunes for different product types and applications.
IMS Research’s new analysis of the market for Power semiconductor Discretes and Modules reports that discrete insulated gate bipolar transistors (IGBTs) are again expected to be the fastest growing product type. Sales exceeded $1 billion for the first time in 2011, with demand exceeding supply for most of the year, resulting in most discrete IGBT manufacturers applying customer allocation. This situation only slowed after the Eurozone debt crisis and the suspension of Chinese government incentives to improve power efficiency. 2012 has seen IGBT market growth driven by industrial motor drives and power modules, and by automotive applications for hybrid electric vehicles. Sales for inverterized home appliances produced in China have slowed following removal of the government incentives, but are still projected to deliver double-digit growth in 2012. The overall discrete IGBT market is forecast to grow by 19 percent in 2012.