China's IGBT Market and Future Development Trend
According to the analysis of the 2023-2029 China IGBT industry in-depth research and development trend research report released by Market Research Online, the total size of China's IGBT power device industry reached about 19.56 billion yuan in 2018, a year-on-year increase of 11.4%. The scale of China's IGBT power device industry is constantly expanding, and at the same time, the industry's market competition is becoming more and more fierce.
In the development of the IGBT power device industry, the development of domestic enterprises has been promoted by the government's new policies, financial support and technical support, and the government has played an important role in strengthening the competitiveness of the industry. In addition, China's IGBT power device industry has also received technical support from foreign companies. These companies have provided advanced products and technologies, which have provided powerful assistance for the development of China's IGBT power device companies.
In addition, with the rise of emerging industries such as smart home, smart lighting, and new energy vehicles, the application of IGBT power devices is also expanding. At the same time, the state will continue to support the IGBT power device industry to promote the development of the industry.
It is expected that in the next few years, China's IGBT power device industry will achieve rapid development, the market size of the industry will continue to expand, and the market competition will become more intense. According to the forecast of research institutions, by 2023, the market size of China's IGBT power device industry will reach 40 billion yuan.
Therefore, the scale and market competition of China's IGBT power device industry will continue to expand, and the future development prospects will be very optimistic.
