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IGCT Market: Top impacting factors, leading players & business opportunities by 2024

02-04-2019 04:18 PM CET | Media & Telecommunications

Press release from: Allied Market Research

IGCT Market: Top impacting factors, leading players & business

The global IGCT market was valued at $10.98 million in 2017, and is projected to reach $17.77 million by 2024, registering a CAGR of 6.9% from 2018 to 2024. At present, Asia Pacific dominates the market, followed by North America. In 2017, the U.S. is expected to remain dominant in the North America market, while China is projected to lead the overall market in Asia Pacific.

An IGCT is a gate-controlled turn-off switch which conducts like a thyristor with lowest conduction losses. It was originally jointly developed by ABB and Mitsubishi. Major application of IGCT is in industrial drives in sectors, which require multi-megawatt electric motors that power the large industrial loads in mines, power stations, and metal processing plants. Other industries include oil & gas, water & wastewater, power generation & rubber, and tire industries.

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Low conduction loss as compared to GTO and IGBT, increased usage of power electronics in renewable energy sources, better performance at high temperature and low price are the factors that drive the market. In addition, use of power semiconductor devices in hybrid vehicles and invention of high-power technology (HPT) platform boost the growth of the IGCT market. However, bulky thyristor structure and complex manufacturing process will restrict the growth of the market.

Key Benefits:
• This study comprises analytical depiction of the global IGCT market with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2017 to 2024 to benchmark the financial competency.
• Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

IGCT Market Key Segments:

By Type
• Asymmetric IGCT
• Reverse Blocking IGCT
• Reverse Conducting IGCT

By Application
• Drive
• Traction
• Converter
• Others

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The key players profiled in the report are ABB, Infineon Technologies, Mitsubishi Electric, Tianjin Century Electronics, CSR Zhuzhou Institute Co, Ltd. (CRRC), General Electric, Xiamen Hidins Technology Co. Ltd, Jiangyin City Saiying Electron Co. Ltd., AmePower, Inc., and Shenzhen CTW Semiconductor Co., Ltd.

About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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