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Investment Opportunities in IGCT Market for Major Industry Players | ABB, Infineon Technologies, Mitsubishi Electric, Tianjin Century Electronics, CSR Zhuzhou Institute Co

04-09-2020 10:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

IGCT Market

IGCT Market

According to a recent report published by Allied Market Research, titled, Global IGCT Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2024, 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.

Benefits such as better performance of IGCT at higher temperature (temperature ranges from -40 to 125 C) support the growth of the market. IGCT is used in industrial appliances and steel mills to control high power AC motors and AC grid interface, as well as the PWM switching. Therefore, this feature adds value to drive the IGCT market.

Download Sample of this 250+ Pages Research Report: https://www.alliedmarketresearch.com/request-sample/4667

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.

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.

Interested? Do Purchase Enquiry Now: https://www.alliedmarketresearch.com/purchase-enquiry/4667

Key Findings of the IGCT Market:

The type segment generated the highest revenue in the global IGCT market in 2017.

In 2017, the asymmetric IGCT segment contributed to the highest revenue in the type segment.

LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

In 2017, Asia Pacific contributed the highest market share, followed by, Europe, Asia-Pacific, and LAMEA.

Access Report Summary: https://www.alliedmarketresearch.com/igct-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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