Pro
Technology & Electronics
Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
| Label | UK | Germany | France | Rest of Europe |
|---|---|---|---|---|
| 2017 | 3.4 USD Mn | 4.1 USD Mn | 1.7 USD Mn | 3.9 USD Mn |
| 2018 | 4.1 USD Mn | 5.1 USD Mn | 2 USD Mn | 4.6 USD Mn |
| 2019 | 4.9 USD Mn | 6.4 USD Mn | 2.3 USD Mn | 5.5 USD Mn |
| 2020 | 6 USD Mn | 8 USD Mn | 2.7 USD Mn | 6.5 USD Mn |
| 2021 | 7.4 USD Mn | 10 USD Mn | 3.2 USD Mn | 7.8 USD Mn |
| 2022 | 9.2 USD Mn | 12.8 USD Mn | 3.9 USD Mn | 9.5 USD Mn |
| 2023 | 11.7 USD Mn | 16.8 USD Mn | 4.7 USD Mn | 11.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
The demand for Europe IGBT power devices has seen a significant increase in recent years. These devices are used extensively in various industries such as automotive, renewable energy, industrial, and consumer electronics, among others. IGBT stands for Insulated Gate Bipolar Transistor, a power semiconductor switch that combines the high-speed switching of MOSFETs with the low saturation voltage of bipolar transistors. This makes IGBTs a popular choice for high-power applications. The demand for IGBT power devices in Europe is largely driven by the increasing need for energy efficiency and sustainability. The region has been promoting the adoption of renewable energy sources, such as wind and solar power, and these sources require efficient power devices to convert and transmit electricity. This has led to the high demand for IGBT power devices in the renewable energy sector, making Europe one of the leading markets for these devices. Another major factor contributing to the demand for IGBT power devices in Europe is the growth of the automotive industry. With the increasing popularity of electric and hybrid vehicles, the demand for power electronics such as IGBTs has also increased.
These devices are used in electric vehicles for motor control and battery charging, making them a critical component in the automotive sector. The demand for IGBT power devices in Europe is not evenly distributed across all countries. Germany, being one of the largest economies in Europe, is the leading market for IGBTs in the region. The country has a strong focus on renewable energy and is home to several prominent manufacturers of IGBT power devices. Other major countries driving the demand for IGBTs in Europe include France, Italy, and the United Kingdom. In terms of volume, the demand for IGBT power devices in Europe is expected to reach millions of units in the coming years. This is due to the growing adoption of electric vehicles, increasing investments in renewable energy, and the overall growth of the industrial sector in the region. In conclusion, the demand for IGBT power devices in Europe is being driven by the need for energy efficiency, the growth of the automotive industry, and the increasing focus on renewable energy sources.
With Germany being the leading market, other countries in Europe are also showing significant growth potential for IGBTs, making Europe a key market for these critical power semiconductor devices.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
Unlock the Full Data
Get This Chart
Access the complete chart and underlying data to support your research, analysis, and business decisions.
USD49
Buy Now
Powering the world's best teams.
From next-gen startups to established enterprises.
Contact us
Get in Touch
Let's work together
support@wantstats.comWantstats Research and Media Pvt. Ltd., Office No 104, Pentagon 4, Magarpatta City, Pune - 411028, Maharashtra, India.
See our work in action
Start your data driven journey with us!
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.