What is Global IGBT and Thyristor Market?
The Global IGBT (Insulated Gate Bipolar Transistor) and Thyristor Market is a vast and complex field that encompasses a wide range of power semiconductor devices. These devices are used in various applications, from power transmission to renewable energy systems, and are integral to the functioning of our modern world. The IGBT is a type of transistor that combines the simple gate-drive characteristics of MOSFETs with the high-current and low-saturation-voltage capability of bipolar transistors, making it ideal for high power applications. On the other hand, a Thyristor is a solid-state semiconductor device with four layers of alternating N and P-type material, used primarily in the field of power electronics. The global market for these devices is continually evolving, driven by technological advancements and the growing demand for energy-efficient systems.
High Power, Medium Power, Low Power in the Global IGBT and Thyristor Market:
The Global IGBT and Thyristor Market can be segmented based on power into high power, medium power, and low power. High power IGBTs and Thyristors are typically used in applications that require a large amount of power, such as power transmission and distribution systems, electric vehicles, and renewable energy systems. Medium power devices are used in applications that require a moderate amount of power, such as industrial drives and home appliances. Low power devices are used in applications that require a small amount of power, such as consumer electronics and lighting systems. Each of these segments has its own unique market dynamics, influenced by factors such as technological advancements, regulatory policies, and consumer preferences.
Flexible AC Transmission System (FACTS), HVDC in the Global IGBT and Thyristor Market:
The Global IGBT and Thyristor Market also finds extensive usage in Flexible AC Transmission Systems (FACTS) and High Voltage Direct Current (HVDC) systems. FACTS is a technology that enhances the reliability, capacity and flexibility of power transmission systems. It achieves this by supplying reactive power to the grid, stabilizing the network voltage and maximizing the power transfer capability. IGBTs and Thyristors play a crucial role in these systems, controlling the power flow and maintaining the stability of the grid. Similarly, HVDC is a technology used for transmitting electricity over long distances with minimal losses. IGBTs and Thyristors are used in the converters of these systems, converting AC to DC and vice versa, enabling efficient power transmission.
Global IGBT and Thyristor Market Outlook:
Looking at the market outlook, in 2023, the global IGBT and Thyristor market was valued at a substantial US$ 5691.2 million. The market is expected to grow significantly, reaching an estimated value of US$ 8492.5 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for energy-efficient systems, advancements in power semiconductor technology, and the growing adoption of electric vehicles and renewable energy systems.
| Report Metric | Details |
| Report Name | IGBT and Thyristor Market |
| Accounted market size in 2023 | US$ 5691.2 million |
| Forecasted market size in 2030 | US$ 8492.5 million |
| CAGR | 5.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Fuji Electric, ABB, Infineon Technologies, ON Semiconductor, Hitachi, Mitsubishi Electric, Littelfuse (IXYS), Toshiba, SEMIKRON, Danfoss, STARPOWER SEMICONDUCTOR |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
