Insulated-Gate Bipolar transistors market are available as discrete machines or as modules. Motor drives, electric and hybrid electric vehicles (EV/HEV), inverters, uninterruptible power supplies (UPS), automotive systems, consumer electronics, and medical devices are all examples of IGBT’s applications. The demand for IGBTs is being driven by a growth in the production of electric vehicles (EVs) along with vast manufacturing capabilities. IGBTs play a crucial role in hybrid cars. This industry is currently being driven by the demand for electric cars, which is expected to continue in the forecast period.