At present, with the wide application of IGBT modules in new energy, industrial automation (high-frequency welding machine, high-frequency ultrasonic, inverter, chopper, UPS/EPS, induction heating) and other fields, as a component of temperature monitoring and temperature control in IGBT - NTC chip, also increased in demand. With the support of a series of national policy measures, such as the "12th Five-Year Plan" for new energy, energy conservation and environmental protection, the development of the domestic IGBT module has gained great impetus and the market has continued to grow rapidly.

According to the 2016-2022 China IGBT Power Module Market Analysis and Investment Prospects Research Report released by Bosi Data Research Center, the global market size of power semiconductors is expected to reach $23.1 billion by the end of 2020, with an average growth rate of 6.4% from 2014 to the end of 2020. By the end of 2020, the market is expected to be 1.5 times larger than in 2014. Demand for IGBT modules in industry and automotive will drive steady growth in the market from 2020 to $33.91 billion in global market size for power semiconductors by 2025 and an average annual growth rate of 8.0% between 2020 and 2025.

In the industrial field, new energy, UPS, railways, the demand for IGBT modules is increasing. Japan and the United States have strong demand for photovoltaic power generation, while wind power is in greater demand in Europe. Railways, in addition to the Chinese market in Southeast Asia, India, South America have more investment, so IGBT modules will lead the development of the semiconductor market. Infrastructure investments such as power equipment in Southeast Asia and Central and South America are expected to become active starting in 2021, resulting in increased shipments of IGBT modules over 3.3kV.

Energy saving, emission reduction and low carbon economy are bound to promote the prosperity of power semiconductor market, and IGBT module is the technology frontier of power semiconductor. In the next few years, the global market size of IGBT will steadily rise. It is estimated that by 2022, the global market size of IGBT module will reach $8.02 billion. Electric vehicles and new energy industry will be an important driving force for the growth of global demand for IGBT products.