Aug 21, 2020   SOURCE: BusinessWire

Insights on the IGBT and Thyristor Global Market to 2027 - by IGBT Packaging Type, IGBT Power Rating, IGBT Application & Thyristor Application - ResearchAndMarkets.com

The "IGBT and Thyristor Market Forecast to 2027 - COVID-19 Impact and Global Analysis by IGBT Packaging Type; IGBT Power Rating; IGBT Application; Thyristor Application" report has been added to ResearchAndMarkets.com's offering.

The IGBT and Thyristor market was valued at US$ 5.15 billion in 2019 and is projected to reach US$ 6.96 billion by 2027; it is expected to grow at a CAGR of 4.1% from 2020 to 2027.

The global IGBT and Thyristor market is experiencing remarkable growth attributed to the replacement of aging power infrastructure, particularly in developed economies, as well as the deployment of smart grids. IGBTs and Thyristors are integrated into power electronics such as controllers and inverters, as well as power supplies, to fulfill the demand for solid-state switching devices. Moreover, the demand for electricity is constantly increasing owing to the rising population in developing economies. IGBTs and Thyristors are used for low switching losses and short switching times of metal-oxide-semiconductor field-effect transistor (MOSFET) to meet the current electricity demands.

Further, they also use conduction losses along with high breakdown voltage in bipolar junction transistor (BJT) to achieve high electricity demands. Additionally, IGBTs and Thyristors reduce thermal stress leading to longer lifespan and reliability of electric devices. IGBT and Thyristor are gaining acceptance due to advantages such as high external thermal performance along with efficiency.

APAC is estimated to dominate the global IGBT and Thyristor market and is anticipated to maintain its leadership position during the forecast period owing to the rising number of high voltage direct current (HVDC) and flexible alternating current transmission system (FACTS) projects in the region. Converters used in HVDC lines integrate Thyristor for converting AC to DC and vice versa. Countries in the region are aiming to adopt HVDC systems owing to their low power loss during long-distance power transmission. A few major ongoing HVDC projects include the State Grid Corporation of China and the Russia-Japan Energy Bridge.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global IGBT and thyristor market
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  • The key findings and recommendations highlight crucial progressive industry trends in the global IGBT and thyristor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

  • Increase in Adoption of IGBTs in Electric Vehicles and Hybrid Electric Vehicles
  • Growing Implementation of Smart Grid Technology

Restraints

  • Complexities of the IGBT and Thyristor Circuits

Opportunities

  • Growing Inclination Toward Use of Electric and Hybrid Electric Vehicles

Future Trends

  • Increasing application of AI and IoT in Power Management

Companies Mentioned

  • ABB Ltd
  • Infineon Technologies AG
  • Mitsubishi Electric Corporation
  • Renesas Electronics Corporation
  • ROHM CO., LTD.
  • ON Semiconductor
  • STMicroelectronics N.V.
  • SEMIKRON
  • Vishay Intertechnology, Inc
  • Fuji Electric Co., Ltd.

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