Press release
IGCT Market Expected to Reach $17.77 million, Globally, By Top Key Players: ABB, Infineon Technologies, Mitsubishi Electric, Tianjin Century Electronics, CSR Zhuzhou Institute Co, Ltd. (CRRC), General Electric, Xiamen Hidins Technology Co. Ltd, Jiangyin C
IGCT Market
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Increased usage of power electronics in renewable energy sources, lower conduction loss as compared to GTO and IGBT, and better performance at high temperature drive the growth of the global IGCT market. However, bulky structure of thyristor and complex manufacturing process hamper the market growth. On the other hand, increasing use of power semiconductor devices in hybrid vehicles and invention of high-power technology (HPT) platform are expected to create lucrative opportunities for the market players in the coming years.
The reverse blocking IGCTs segment is expected to register the fastest CAGR of 8.5% during the study period, owing to benefits of reverse blocking IGCTs in CSI over GTO or thyristor solutions such as high inverter ratings and switching frequency. However, the asymmetric IGCTs segment held the largest market share in 2017, contributing about two-thirds of the total revenue. This is owing to the growing need for higher frequency operation in motor drives and energy management systems along with burgeoning demand for high average current in circuit breakers. In addition, the reverse conducting IGCTs segment is expected to witness gradual growth during the study period.
The converters segment is estimated to manifest the fastest 9% CAGR from 2018 to 2024 due to their ability to offer a power rating of up to 15 MVA without the need of series or parallel connection of power semiconductor devices alongside ensuring that the part count is minimum. However, the drives segment held the largest share in 2017, contributing about 35% of the total revenue. It is expected to dominate the market throughout the study period, owing to the fact that drives produce greater power output than smaller, numerous low-voltage (LV) drives and ensure better control of large, multi-megawatt electric motors that are used in mines, power stations, and metal processing plants. The traction segment would grow at a steady rate during the forecast period.
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Latin America, Middle East and Africa (LAMEA) region is expected to manifest the fastest CAGR of 9.6% during the study period, as the region has witnessed huge opportunities in wind and solar power generation coupled with increase in population in the Middle East, which in turn has fueled the need for electricity due to rapid urbanization and high disposable income. However, Asia-Pacific region held the highest share in 2017, reaping about one-third of the total revenue, owing to rise in power demand in developing countries such as India and China. The other regions analyzed in the report include North America and Europe.
The key market players analyzed in the report, include ABB, Mitsubishi Electric Corporation, CSR Zhuzhou Institute Co, Ltd. (CRRC), Xiamen Hidins Technology Co. Ltd., AmePower, Inc., Infineon Technologies, Tianjin Century Electronics, General Electric, Jiangyin City Saiying Electron Co. Ltd., and Shenzhen CTW Semiconductor Co., Ltd.
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. GLOBAL IGCT MARKET, BY TYPE , 2017-2024
FIGURE 07. COMPARATIVE SHARE ANALYSIS OF ASYMMETRIC IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 08. COMPARATIVE SHARE ANALYSIS OF REVERSE BLOCKING IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF REVERSE CONDUCTING IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 10. GLOBAL IGCT MARKET, BY APPLICATION, 2017-2024
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF DRIVES IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF TRACTION IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF CONVERTERS IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF OTHERS IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF IGCT MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 16. U.S. IGCT MARKET, 2017-2024($MILLION)
FIGURE 17. CANADA IGCT MARKET, 2017-2024($MILLION)
FIGURE 18. MEXICO IGCT MARKET, 2017-2024($MILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF IGCT MARKET, BY COUNTRY, 2016 - 2023 (%)
FIGURE 20. UK IGCT MARKET, 2017-2024($MILLION)
FIGURE 21. GERMANY IGCT MARKET, 2017-2024($MILLION)
FIGURE 22. FRANCE IGCT MARKET, 2017-2024($MILLION)
FIGURE 23. RUSSIA IGCT MARKET, 2017-2024($MILLION)
FIGURE 24. REST OF EUROPE IGCT MARKET, 2017-2024($MILLION)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF IGCT MARKET, BY COUNTRY, 2017-2024(%)
FIGURE 26. CHINA IGCT MARKET, 2017-2024($MILLION)
FIGURE 27. INDIA IGCT MARKET, 2017-2024($MILLION)
FIGURE 28. JAPAN IGCT MARKET, 2017-2024($MILLION)
FIGURE 29. AUSTRALIA IGCT MARKET, 2017-2024($MILLION)
FIGURE 30. SOUTH KOREA IGCT MARKET, 2017-2024($MILLION)
FIGURE 31. REST OF ASIA-PACIFIC IGCT MARKET, 2017-2024($MILLION)
FIGURE 32. COMPARATIVE SHARE ANALYSIS OF IGCT MARKET, BY COUNTRY, 2017-2024(%)
FIGURE 33. LATIN AMERICA IGCT MARKET, 2017-2024($MILLION)
FIGURE 34. MIDDLE EAST IGCT MARKET, 2017-2024($MILLION)
FIGURE 35. AFRICA IGCT MARKET, 2017-2024($MILLION)
FIGURE 36. ABB: NET SALES, 2015-2017 ($MILLION)
FIGURE 37. ABB: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 38. ABB: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 39. INFINEON: NET SALES, 2015-2017 ($MILLION)
FIGURE 40. INFINEON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 41. INFINEON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 42. MITSUBISHI ELECTRIC: NET SALES, 2015-2017 ($MILLION)
FIGURE 43. MITSUBISHI ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. MITSUBISHI ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. CRRC: NET SALES, 2015-2017 ($MILLION)
FIGURE 46. CRRC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. CRRC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. GE: NET SALES, 2015-2017 ($MILLION)
FIGURE 49. GE: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. GE: REVENUE SHARE BY GEOGRAPHY, 2017(%)
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