Market Insights:
IGBT (Insulated Gate Bipolar Transistor) And Thyristor Market size was valued at USD 5.54 Billion in 2024, registering a CAGR of 4.3% during the forecast period (2024-2032), and the market is projected to be worth USD 8.09 Billion by 2032.
In terms of switching losses and switching times, insulated gate bipolar transistors (IGBTs) and thyristors outperform metal-oxide-semiconductor field effect transistors (MOSFETs). In order to meet high electricity demands, bipolar junction transistors (BJT) are also used, along with high breakdown voltage.
IGBT (Insulated Gate Bipolar Transistor) And Thyristor Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (IGBT Discrete, IGBT Module), application ((Power Transmission Systems(HVDC Systems, FACTS), (Renewable Energy(PV Power Generation Systems, Wind Power Generation Systems)), (Rail Traction Systems),( Uninterrupted Power Supply),(Electric Vehicles and Hybrid Electric Vehicles),(Motor Drives(Industrial Motors, Commercial Motors, Residential Motors, Consumer Electronics, Others)))and companies (New Jersey Semiconductor (US), Siemens AG (Germany), Schneider Electric (France), Powerex Inc. (US), Silicon Power Corporation (US), StarPower Semiconductor Ltd. (China), and Littelfuse, Inc. (US), Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan), ROHM Co., Ltd. (Japan), Danfoss (Denmark), Central Semiconductor Corp. (US)), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.3%, over the forecast period of 2024–2032
Driver:
The increased adoption of IGBT (Insulated Gate Bipolar Transistor) And Thyristor in the Semiconductors industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for IGBT (Insulated Gate Bipolar Transistor) And Thyristor also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of IGBT (Insulated Gate Bipolar Transistor) And Thyristor in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 (USD Billion) | 8.09 Billion |
| CAGR (2024-2032) | 4.3% |
| By Type | IGBT Discrete, IGBT Module |
| By Application | ((Power Transmission Systems(HVDC Systems, FACTS), (Renewable Energy(PV Power Generation Systems, Wind Power Generation Systems)), (Rail Traction Systems),( Uninterrupted Power Supply),(Electric Vehicles and Hybrid Electric Vehicles),(Motor Drives(Industrial Motors, Commercial Motors, Residential Motors, Consumer Electronics, Others)) |
| Classes Covered | Thyristors with Bidirectional Control, Thyristors with Turn-On Capabilities, Thyristors with Turn-Off Capabilities |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | New Jersey Semiconductor (US), Siemens AG (Germany), Schneider Electric (France), Powerex Inc. (US), Silicon Power Corporation (US), StarPower Semiconductor Ltd. (China), and Littelfuse, Inc. (US), Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan), ROHM Co., Ltd. (Japan), Danfoss (Denmark), Central Semiconductor Corp. (US). |
Inflation and Ripple Effects:
IGBT (Insulated Gate Bipolar Transistor) And Thyristor market are the most pressing issue impacting the U.S., Europe and APAC right now is inflation and its ripple effects, including rising costs of goods, services, and labor. Here is how this overarching problem is affecting various industries:
- Consumer Spending: Rising costs are squeezing household budgets, leading to cautious consumer behavior. This affects retail, hospitality, and entertainment sectors as discretionary spending declines.
- Supply Chains: Higher transportation, raw material, and import costs are straining manufacturing, construction, and agriculture. Recent tariffs exacerbate this problem by raising the cost of imported goods and disrupting trade relationships.
- Labor Market: Wage pressures are increasing due to inflation and a tighter job market in some sectors, impacting industries like healthcare, education, and technology. Businesses are struggling to balance higher wages with profitability.
- Financial Sector: Inflation has prompted the Federal Reserve to maintain higher interest rates, which increases borrowing costs for businesses and consumers alike. This slows down investments in sectors like real estate, construction, and startups.
- Energy and Utilities: Elevated energy prices are impacting manufacturing, logistics, and even households, adding to operational costs across all sectors.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
New Jersey Semiconductor (US), Siemens AG (Germany), Schneider Electric (France), Powerex Inc. (US), Silicon Power Corporation (US), StarPower Semiconductor Ltd. (China), and Littelfuse, Inc. (US), Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan), ROHM Co., Ltd. (Japan), Danfoss (Denmark), Central Semiconductor Corp. (US).
Market Segment Analysis:
By Packaging Type
- IGBT Discrete
- IGBT Module
By Power Rating
- Low
- Medium
- High
By Voltage
- <400 V
- 600–650 V
- 1,200–1,700 V
- 2,500–3,300 V
- >4,500 V
By Application
Power Transmission Systems
- HVDC Systems
- FACTS
Renewable Energy
- PV Power Generation Systems
- Wind Power Generation Systems
Rail Traction Systems
Uninterrupted Power Supply
Electric Vehicles and Hybrid Electric Vehicles
Motor Drives
- Industrial Motors
- Commercial Motors
- Residential Motors
- Consumer Electronics
- Others
Classes of Thyristors Covered:
- Thyristors with Bidirectional Control
- Thyristors with Turn-On Capabilities
- Thyristors with Turn-Off Capabilities
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2024, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of IGBT (Insulated Gate Bipolar Transistor) And Thyristor industries in the region.
Key IGBT (Insulated Gate Bipolar Transistor) And Thyristor Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global IGBT (Insulated Gate Bipolar Transistor) And Thyristor Market segments.
– Largest Market Share Held by Industry to Industry for IGBT (Insulated Gate Bipolar Transistor) And Thyristor
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the IGBT (Insulated Gate Bipolar Transistor) And Thyristor Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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