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Market Snapshot

CAGR:9.53

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.53

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Report Overview

The IGBT (Insulated Gate Bipolar Transistor) and Thyristor Market is poised to experience substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.8% between 2022 and 2032. This growth is projected to lead to an increase in market size by USD 12,570.89 million. The market's expansion can be attributed to various factors, including the increasing demand for energy-efficient solutions, the surge in renewable energy installations, and the rise in industrial automation.

IGBT and Thyristor Market Overview:

Drivers:

One of the primary drivers behind the growth of the IGBT and Thyristor Market is the escalating demand for energy-efficient solutions across various industries. As industries strive to minimize energy consumption and reduce their carbon footprint, the adoption of energy-efficient components like IGBTs and Thyristors gains significance. These semiconductor devices play a pivotal role in power electronics applications, enabling efficient control and switching of electrical power.

Furthermore, the growing deployment of renewable energy sources such as solar and wind power contributes significantly to market expansion. IGBTs and Thyristors are integral components in power converters and inverters used in renewable energy systems. The need for effective power conversion and grid integration of renewable sources fuels the demand for these semiconductor devices.

Trends:

An emerging trend shaping the IGBT and Thyristor Market is the integration of these devices in electric vehicle (EV) technologies. The electric vehicle industry's rapid growth necessitates advanced power electronics components to manage energy flow, battery charging, and motor control. IGBTs, in particular, are crucial in electric vehicle drivetrains, where they enable efficient power conversion and motor control. The ongoing shift towards electric mobility worldwide is expected to contribute significantly to the demand for IGBTs and Thyristors.

Moreover, the evolution of Industry 4.0 and the Industrial Internet of Things (IIoT) drives the adoption of these semiconductor devices in industrial automation and robotics. As factories and manufacturing processes become more automated and interconnected, IGBTs and Thyristors facilitate precise control over power distribution, motor drives, and other critical operations.

Restraints:

One of the key challenges hindering the IGBT and Thyristor Market growth is the complexity of thermal management in high-power applications. These semiconductor devices generate heat during operation, and efficient heat dissipation is essential to maintain their performance and reliability. Ensuring effective thermal management becomes particularly challenging as power levels increase, leading to the development of advanced cooling solutions and heat sinks.

Moreover, the cost associated with high-performance IGBTs and Thyristors remains a restraint, especially for price-sensitive markets and applications. Balancing performance, efficiency, and cost-effectiveness presents a challenge for manufacturers and end-users alike.

IGBT and Thyristor Market Segmentation By Application:

The industrial automation segment is expected to witness significant growth in the IGBT and Thyristor Market during the forecast period. IGBTs and Thyristors play a pivotal role in motor drives, variable frequency drives (VFDs), and other industrial control systems. These devices enable efficient and precise control over electric motors, contributing to enhanced productivity, reduced energy consumption, and improved automation processes.

IGBT and Thyristor Market Segmentation By Type:

The IGBT segment is anticipated to dominate the market due to its widespread applications in various industries. IGBTs offer the advantages of high switching speeds, low power losses, and improved thermal performance. Their versatility and ability to handle both high voltage and high current make them indispensable in applications ranging from renewable energy systems to consumer electronics.

Regional Overview:

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Asia-Pacific (APAC) is projected to be a significant contributor to the global IGBT and Thyristor Market, accounting for around 50% of the market's growth during the forecast period. The region's manufacturing prowess, increasing industrial automation, and the rapid adoption of electric vehicles in countries like China and India drive the demand for IGBTs and Thyristors.

The robust electronics and automotive industries in APAC, coupled with government initiatives to promote renewable energy, create a conducive environment for market growth. Additionally, the presence of key semiconductor manufacturers and electronics giants in the region further contributes to its dominance in the market.

IGBT and Thyristor Market Customer Landscape:

The IGBT and Thyristor Market report encompasses the entire adoption lifecycle of the market, analyzing adoption rates from innovators to laggards. It delves into key purchase criteria and drivers of price sensitivity, aiding companies in shaping their growth strategies.

Major IGBT and Thyristor Market Companies:

Companies in the IGBT and Thyristor Market are employing diverse strategies such as partnerships, mergers and acquisitions, product launches, and geographical expansions to bolster their market presence.

ABB Ltd.
Fuji Electric Co., Ltd.
Infineon Technologies AG
Mitsubishi Electric Corporation
ON Semiconductor Corporation
Renesas Electronics Corporation
SEMIKRON International GmbH
STMicroelectronics N.V.
Toshiba Corporation

The report provides comprehensive qualitative and quantitative analyses of these companies, assessing their strengths and weaknesses. Data is used to categorize companies based on their focus, dominance, and business environment to provide a holistic view of the competitive landscape.

Segment Overview:

The IGBT and Thyristor Market report offers revenue forecasts and trend analyses at global, regional, and country levels for the period from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Industrial Automation
Consumer Electronics
Renewable Energy Systems
Electric Vehicles
Others

Type Outlook (USD Million, 2019 - 2032)

IGBTs
Thyristors

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Chile
Argentina
Brazil

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Key Benefits for Stakeholders

Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.

TABLE OF CONTENTS: GLOBAL IGBT & Thyristor MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. IGBT & Thyristor MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. IGBT & Thyristor Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. IGBT & Thyristor MARKET BY packaging type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 GBT Discrete

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 IGBT Module

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. IGBT & Thyristor MARKET BY power rating INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Medium Power IGBT

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. High Power IGBT

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. IGBT & Thyristor MARKET REGIONAL OUTLOOK

7.1. IGBT & Thyristor Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America IGBT & Thyristor Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America IGBT & Thyristor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America IGBT & Thyristor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America IGBT & Thyristor Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America IGBT & Thyristor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Infineon Technologies AG (Germany)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Fuji Electric Co., Ltd. (Japan)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 ON Semiconductor (US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Mitsubishi Electric Corporation (Japan)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. STMicroelectronics (Switzerland)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Renesas Electronics Corporation (Japan)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Vishay Intertechnology (US)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 ABB Ltd (Switzerland)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 SEMIKRON (Germany)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Hitachi, Ltd. (Japan)

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Igbt Thyristor Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032