IGBT Module for New Energy Vehicle (NEV) Market Report – Research, Industry Analysis Reports and Market Demands

Global IGBT Module for New Energy Vehicle (NEV) Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis By Voltage
- 1.3.1 Overview: Global IGBT Module for New Energy Vehicle (NEV) Consumption Value By Voltage: 2021 Versus 2025 Versus 2032
- 1.3.2 650V/750V IGBT Modules
- 1.3.3 1200V IGBT Modules
1.4 Market Analysis by EV Type
- 1.4.1 Overview: Global IGBT Module for New Energy Vehicle (NEV) Consumption Value by EV Type: 2021 Versus 2025 Versus 2032
- 1.4.2 BEV
- 1.4.3 HEV/PHEV
1.5 Market Analysis by Application
- 1.5.1 Overview: Global IGBT Module for New Energy Vehicle (NEV) Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.5.2 Electric Vehicle (EV) Traction Inverter
- 1.5.3 DC-DC, and OBC
- 1.5.4 Electric Vehicle (EV) Charging Station
1.6 Global IGBT Module for New Energy Vehicle (NEV) Market Size & Forecast
- 1.6.1 Global IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021 & 2025 & 2032)
- 1.6.2 Global IGBT Module for New Energy Vehicle (NEV) Sales Quantity (2021-2032)
- 1.6.3 Global IGBT Module for New Energy Vehicle (NEV) Average Price (2021-2032)

2 Manufacturers Profiles

3 Competitive Environment: IGBT Module for New Energy Vehicle (NEV) by Manufacturer

3.1 Global IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Manufacturer (2021-2026)
3.2 Global IGBT Module for New Energy Vehicle (NEV) Revenue by Manufacturer (2021-2026)
3.3 Global IGBT Module for New Energy Vehicle (NEV) Average Price by Manufacturer (2021-2026)
3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of IGBT Module for New Energy Vehicle (NEV) by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 IGBT Module for New Energy Vehicle (NEV) Manufacturer Market Share in 2025
- 3.4.3 Top 6 IGBT Module for New Energy Vehicle (NEV) Manufacturer Market Share in 2025
3.5 IGBT Module for New Energy Vehicle (NEV) Market: Overall Company Footprint Analysis
- 3.5.1 IGBT Module for New Energy Vehicle (NEV) Market: Region Footprint
- 3.5.2 IGBT Module for New Energy Vehicle (NEV) Market: Company Product Type Footprint
- 3.5.3 IGBT Module for New Energy Vehicle (NEV) Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global IGBT Module for New Energy Vehicle (NEV) Market Size by Region
- 4.1.1 Global IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Region (2021-2032)
- 4.1.2 Global IGBT Module for New Energy Vehicle (NEV) Consumption Value by Region (2021-2032)
- 4.1.3 Global IGBT Module for New Energy Vehicle (NEV) Average Price by Region (2021-2032)
4.2 North America IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021-2032)
4.3 Europe IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021-2032)
4.4 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021-2032)
4.5 South America IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021-2032)
4.6 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Consumption Value (2021-2032)

5 Market Segment By Voltage

5.1 Global IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
5.2 Global IGBT Module for New Energy Vehicle (NEV) Consumption Value By Voltage (2021-2032)
5.3 Global IGBT Module for New Energy Vehicle (NEV) Average Price By Voltage (2021-2032)

6 Market Segment by Application

6.1 Global IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
6.2 Global IGBT Module for New Energy Vehicle (NEV) Consumption Value by Application (2021-2032)
6.3 Global IGBT Module for New Energy Vehicle (NEV) Average Price by Application (2021-2032)

7 North America

7.1 North America IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
7.2 North America IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
7.3 North America IGBT Module for New Energy Vehicle (NEV) Market Size by Country
- 7.3.1 North America IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Country (2021-2032)
- 7.3.2 North America IGBT Module for New Energy Vehicle (NEV) Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

8.1 Europe IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
8.2 Europe IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
8.3 Europe IGBT Module for New Energy Vehicle (NEV) Market Size by Country
- 8.3.1 Europe IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Country (2021-2032)
- 8.3.2 Europe IGBT Module for New Energy Vehicle (NEV) Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

9.1 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
9.2 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
9.3 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Market Size by Region
- 9.3.1 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific IGBT Module for New Energy Vehicle (NEV) Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

10.1 South America IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
10.2 South America IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
10.3 South America IGBT Module for New Energy Vehicle (NEV) Market Size by Country
- 10.3.1 South America IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Country (2021-2032)
- 10.3.2 South America IGBT Module for New Energy Vehicle (NEV) Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

11.1 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Sales Quantity By Voltage (2021-2032)
11.2 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Application (2021-2032)
11.3 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Market Size by Country
- 11.3.1 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa IGBT Module for New Energy Vehicle (NEV) Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

12.1 IGBT Module for New Energy Vehicle (NEV) Market Drivers
12.2 IGBT Module for New Energy Vehicle (NEV) Market Restraints
12.3 IGBT Module for New Energy Vehicle (NEV) Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of IGBT Module for New Energy Vehicle (NEV) and Key Manufacturers
13.2 Manufacturing Costs Percentage of IGBT Module for New Energy Vehicle (NEV)
13.3 IGBT Module for New Energy Vehicle (NEV) Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 IGBT Module for New Energy Vehicle (NEV) Typical Distributors
14.3 IGBT Module for New Energy Vehicle (NEV) Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global IGBT Module for New Energy Vehicle (NEV) market size was valued at US$ 3581 million in 2025 and is forecast to a readjusted size of US$ 8443 million by 2032 with a CAGR of 12.9% during review period.
IGBT Modules for New Energy Vehicles (NEVs) are automotive-qualified power modules that integrate multiple silicon IGBT chips and freewheeling diodes (often with NTC temperature sensing and low-inductance internal layout) to form the switching “engine” of NEV power conversion—most notably the main traction inverter, which converts battery DC into AC for the e-motor and supports regenerative operation. Compared with general industrial IGBT modules, NEV-grade modules are engineered around lifetime and harsh-environment requirements (power cycling / thermal cycling, vibration, humidity) and are increasingly aligned with industry qualification practices such as ECPE AQG 324, which targets power modules used in automotive converter units. In product typing, the mainstream NEV module families cluster around 750 V and 1200 V classes (to match 400 V–800 V vehicle architectures), and are offered as standard inverter building blocks (e.g., six-pack / three-phase bridge, half-bridge variants) on scalable package footprints.
In terms of global market status and applications, NEV IGBT modules remain a large-volume solution for a wide range of BEVs (especially cost-optimized platforms) and for HEV/PHEV traction systems, even as SiC grows rapidly in premium-efficiency designs. The demand base is anchored by EV scale: IEA reports electric car sales topped 17 million in 2024, and news-tracked registrations suggest continued growth into 2025 (with forecasts of slower growth in 2026 amid policy and regional demand shifts). While the traction inverter is the main value pool, NEV IGBT modules also appear in auxiliary motor inverters (e-compressor, pumps, fans) and certain high-voltage conversion stages depending on OEM architecture and cost/efficiency targets. From the supply side, leading global and regional suppliers emphasize platformized NEV lines: Infineon positions HybridPACK™ Drive as a scalable 750 V / 1200 V traction module family with AQG324 qualification, Semikron Danfoss positions DCM™ as a traction platform scalable across 750–1200 V and wide current ranges, and CRRC Times Electric/Dynex highlight EV IGBT ranges spanning 750–1200 V with both flat baseplate and pin-fin variants for different power/cooling needs.
Looking forward, the key trends are: (1) higher power density via direct liquid cooling, optimized thermal stacks, and lower stray inductance; (2) longer lifetime via stronger interconnect/attach and more robust substrate/material choices; and (3) “system-ready” qualification and testing standardization across OEM–Tier1–module supply chains. Fuji Electric’s automotive IGBT materials, for example, explicitly link “downsizing” to direct liquid-cooling structures as a route to lower thermal resistance and higher module compactness. Competitive dynamics are therefore shifting from pure silicon performance to package + cooling + lifetime modelling + automotive qualification + scale manufacturing; at the same time, the long-term coexistence with SiC drives more hybrid roadmaps (Si IGBT plus SiC diodes, or parallel platform families offering both). Along the value chain, upstream is silicon wafers and IGBT/diode front-end manufacturing; midstream is module packaging (ceramic substrates, baseplate/direct-cooling plates, interconnect/encapsulation, test and reliability qualification); and downstream is inverter/PCU makers and OEMs that validate thermal management, lifetime, and vehicle-level performance—so “winning” suppliers are those who can deliver qualified, scalable traction platforms with proven lifetime under real drive cycles.
This report is a detailed and comprehensive analysis for global IGBT Module for New Energy Vehicle (NEV) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, By Voltage and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global IGBT Module for New Energy Vehicle (NEV) market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global IGBT Module for New Energy Vehicle (NEV) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global IGBT Module for New Energy Vehicle (NEV) market size and forecasts, By Voltage and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global IGBT Module for New Energy Vehicle (NEV) market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for IGBT Module for New Energy Vehicle (NEV)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global IGBT Module for New Energy Vehicle (NEV) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Infineon, Mitsubishi Electric, Fuji Electric, Zhuzhou CRRC Times Electric, BYD Semiconductor, Semikron Danfoss, StarPower, onsemi, Denso, Hangzhou Silan Microelectronics, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
IGBT Module for New Energy Vehicle (NEV) market is split By Voltage and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value By Voltage, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment By Voltage
650V/750V IGBT Modules
1200V IGBT Modules
Market segment by EV Type
BEV
HEV/PHEV
Market segment by Application
Electric Vehicle (EV) Traction Inverter
DC-DC, and OBC
Electric Vehicle (EV) Charging Station
Major players covered
Infineon
Mitsubishi Electric
Fuji Electric
Zhuzhou CRRC Times Electric
BYD Semiconductor
Semikron Danfoss
StarPower
onsemi
Denso
Hangzhou Silan Microelectronics
Bosch
United Nova Technology (UNT)
Microchip (Microsemi)
Grecon Semiconductor (Shanghai)
GeePak
Archimedes Semiconductor (Hefei)
Hefei Cpower Technology
ZhiXin Semiconductor
MacMic Science & Technolog
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe IGBT Module for New Energy Vehicle (NEV) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of IGBT Module for New Energy Vehicle (NEV), with price, sales quantity, revenue, and global market share of IGBT Module for New Energy Vehicle (NEV) from 2021 to 2026.
Chapter 3, the IGBT Module for New Energy Vehicle (NEV) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the IGBT Module for New Energy Vehicle (NEV) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales By Voltage and by Application, with sales market share and growth rate By Voltage, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and IGBT Module for New Energy Vehicle (NEV) market forecast, by regions, By Voltage, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of IGBT Module for New Energy Vehicle (NEV).
Chapter 14 and 15, to describe IGBT Module for New Energy Vehicle (NEV) sales channel, distributors, customers, research findings and conclusion.

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