PUBLISHER: Value Market Research | PRODUCT CODE: 1475214
PUBLISHER: Value Market Research | PRODUCT CODE: 1475214
The global demand for IGBTs and Thyristors Market is presumed to reach the market size of nearly USD 7.85 Billion by 2032 from USD 6.01 Billion in 2023 with a CAGR of 3.01% under the study period 2024 - 2032.
IGBTs (Insulated Gate Bipolar Transistors) and thyristors are semiconductor devices used in power electronics to control and regulate electrical power in various applications such as motor drives, inverters, converters, power supplies, and electric vehicles. IGBTs are high-speed switching devices capable of handling high currents and voltages, combining the advantages of MOSFETs and bipolar junction transistors. Thyristors, or silicon-controlled rectifiers (SCRs), are unidirectional semiconductor switches that control the current flow by turning on when a specific trigger voltage is applied and remain conducting until the current drops below a certain threshold.
The growing need for energy-efficient power conversion and control solutions drives the demand for IGBTs and thyristors as key components in power electronics, motor drives, renewable energy inverters, industrial automation, and electric vehicle propulsion systems. With the transition towards sustainable energy sources such as wind, solar, and electric vehicles, there is a growing demand for power semiconductor devices capable of handling high voltages, currents, and temperatures while delivering efficient and reliable performance. Additionally, the rising adoption of electric & hybrid electric vehicles drives the demand for IGBTs and thyristors in traction inverters, onboard chargers, and battery management systems, enabling efficient power conversion and energy management in automotive applications. Moreover, advancements in semiconductor technology allow the development of IGBTs and thyristors with higher power density, faster switching speeds, and improved thermal performance, meeting the requirements of emerging applications in power electronics and electric power transmission.
Furthermore, the growing emphasis on grid modernization, smart grids, and renewable energy integration drives the market growth in power grid infrastructure, energy storage systems, and voltage regulation devices, supporting the transition towards a more sustainable and resilient energy future. With the increasing complexity of power electronics systems and the expanding market for electric vehicles, renewable energy, and industrial automation, there is a growing demand for high-performance thyristors and IGBTs that offer enhanced efficiency, reliability, and functionality to meet the evolving needs of customers and industries. However, supply chain disruptions, trade tensions, and geopolitical uncertainties may challenge the market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of igbts and thyristors. The growth and trends of igbts and thyristors industry provide a holistic approach to this study.
This section of the igbts and thyristors market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the IGBTs and Thyristors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the IGBTs and Thyristors market include Renesas Electronics Corporation, Semikron Danfoss, Diodes Incorporated, Dynex Semiconductor Ltd., Infineon Technologies AG, Hitachi Energy Ltd., Fuji Electric Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.