Powering the Green Revolution: IGBT and Thyristor Market Sees Explosive Growth Amidst Renewable Energy Boom | Fuji Electric, ABB, Infineon Technologies, ON Semiconductor

PRESS RELEASE
Published September 18, 2023

Infinity Business Insights announces the release of IGBT and Thyristor Market research report. The market is predicted to grow at a healthy pace in the coming years. IGBT and Thyristor Market 2023 research report presents an analysis of market size, share, and growth, trends, cost structure, and statistical and comprehensive data of the global market. The report gives a clear picture of the current market circumstance.

Market Overview: –

The IGBT and thyristor market is anticipated to reach USD 5.8 billion by the end of the forecast period, growing at a CAGR of 5.4% between 2023 and 2030. The market’s expansion is attributable to the rising demand from several applications, including transportation, renewable energy, and industrial automation. Thyristors and insulated-gate bipolar transistors (IGBTs) are semiconductor components used to regulate the passage of large currents. Thyristors are recognized for their high voltage and current handling capacities, whilst IGBTs are known for their quick switching and excellent efficiency. Industrial automation applications including motor control, robotics, and welding frequently employ IGBTs and thyristors. The anticipated driver of development would be the rising need for industrial automation in emerging nations.

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Some of the Top companies influencing this Market include:

Fuji Electric, ABB, Infineon Technologies, ON Semiconductor, Hitachi, Mitsubishi Electric, Littelfuse (IXYS), Toshiba, SEMIKRON, Danfoss, STARPOWER SEMICONDUCTOR and others.

Future Trends & Opportunities: –

When these semiconductor devices were initially created for high-power and high-voltage applications in the late 20th century, the IGBT (Insulated Gate Bipolar Transistor) and Thyristor markets were born. By fusing the greatest qualities of transistors and thyristors, IGBTs and Thyristors provide reliable performance and efficient switching, revolutionizing the power electronics sector. The need for these devices increased significantly over time as sectors including renewable energy, automotive, and industrial automation boomed. As they became necessary parts for power inverters, motor drives, and voltage regulators, the market saw consistent expansion. IGBTs and thyristors are continuing to develop thanks to improvements in materials and manufacturing techniques, in order to meet the rising need for high-performance and energy-efficient devices.

The report, with the help of quick and dirty business profiles, project reasonableness investigation, SWOT assessment, and one or two experiences about the key associations working in the IGBT and Thyristor Market, shows a point-by-point logical record of the market’s cutthroat situation. The report moreover shows a survey of the impact of late advancements on the market’s future improvement possibilities.

Market Segmentation: By Type

  • High Power
  • Medium Power
  • Low Power

Market Segmentation: By Application

  • Flexible AC Transmission System (FACTS)
  • HVDC

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IGBT and thyristor manufacturers have recently made improvements to their products’ effectiveness, dependability, and range of applications. The development of silicon carbide (SiC) and gallium nitride (GaN) materials in the field of IGBTs has allowed for greater switching frequencies and reduced losses, resulting in more energy-efficient power electronics. The switching properties of thyristors and their incorporation into contemporary digital control systems have been improved. Additionally, IGBTs and Thyristors are now more compact and able to handle higher power densities because to the development of intelligent power modules (IPMs) and sophisticated packaging techniques. These developments are in line with the rise in power electronics need for industrial automation, renewable energy systems, and electric cars.

Regional Analysis for Global IGBT and Thyristor Market:

  • APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
  • North America (U.S., Canada, and Mexico)
  • South America (Brazil, Chile, Argentina, Rest of South America)
  • MEA (Saudi Arabia, UAE, South Africa)

Furthermore, the years considered for the study are as follows:

Historical year – 2017-2022

Base year – 2023

Forecast period – 2023 to 2030

Dominates the market, with South Korea, China, and Japan having the highest levels of production and consumption, respectively. Major factors include the region’s increasing electronics and automotive sectors as well as its strong industrial base. North America, which has a booming semiconductor sector, concentrates on IGBT and Thyristor technology creation and development. Particularly in areas like renewable energy and electric cars, the US is quite involved in this industry. The market is being shaped by European nations, particularly Germany, and is being pushed by the demand for energy-efficient solutions in sectors like manufacturing and transportation.

The following are some of the reasons why you should purchase this IGBT and Thyristor market report:

  1. Provides unique insights for decision-making in all potential segments, assisting in strategic decision-making.
  1. A novel research design for estimating and forecasting market size.
  2. Identification of important players in the market, as well as associated developments
  3. Extensive breadth to cover all conceivable segments in the IGBT and Thyristor Market, assisting every player.

Table of Contents:

Global IGBT and Thyristor Market Research Report 2023 – 2030

Chapter 1 IGBT and Thyristor Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global IGBT and Thyristor Market Forecast

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