Heavy Machinery and Smart Grids Drive Widespread Adoption of Industrial IGBT Power Devices The global industrial IGBT power device market was valued at USD 4.15 billion in 2024 and is projected to grow at a steady CAGR of 6.9% from 2025 to 2034, reflecting resilient demand across diverse industrial ecosystems and strategic cross-border supply chains. In Asia Pacific, surging electronics manufacturing hubs in China, Japan, South Korea, and India are catalyzing demand for high-voltage...
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