What exactly is IGBT? Its full name is insulated gate bipolar transistor，As a highly efficient semiconductor component。It is generally applied in Uninterruptible power supply UPS and inverter.In fact, it is a semiconductor device that can be found everywhere -- in the appliances in our homes, the power generation equipment in our neighborhoods, the high-speed trains we ride. Of course, including our new energy vehicles!

IGBT called Insulated Gate Bipolar Transistor. IGBT as the core device of energy conversion and transmission, has the performance of high efficiency and energy saving, high voltage, high current, high frequency and easy switching. It is suitable for all kinds of application scenarios requiring AC and DC conversion and high and low voltage conversion, and can improve the efficiency and quality of electricity consumption. IGBT is widely used in consumer electronics (automotive electronics, household appliances, frequency conversion white goods) and industrial (rail transit, smart grid, transportation) fields.

According to Yole, the IGBT market was worth $5.4 billion in 2020, and supply chains are adjusting their strategies and investing heavily as IGBT usage for major electric mobility grows rapidly. Driven by pure electric and hybrid vehicles, IGBT should grow at a compound annual growth rate of 7.5% in the next few years, and is expected to reach a market size of $8.4 billion by 2026.

The Central Economic Work Conference, held on Dec 15 and 16, set the tone for economic policies in 2013. According to a conference statement, urbanization is high on the government’s agenda.According to Xinhua, China’s urbanization will release the full potential of domestic demand. The trend is expected to boost the job prospects of young people in the country. “Urbanization is a process that is occurring in nearly every developing city in the country. It will lead to a better quality of life for many people, and provide individuals with