IGCT Market: Top Impacting Factors, Investment Pockets and Winning Strategies upto 2024

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.

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.

The Company Profiles include...

Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments

Download Sample of this 200+ Pages Research Report: https://www.alliedmarketresearch.com/request-sample/4667

Key Benefits

o This study comprises analytical depiction of the global IGCT market with current trends and future estimations to depict the imminent investment pockets.

o The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

o The current market is quantitatively analyzed from 2017 to 2024 to benchmark the financial competency.

o Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

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.

Get detailed COVID-19 impact analysis on the IGCT Market: https://www.alliedmarketresearch.com/request-for-customization/4667?reqfor=covid

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.

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.

Interested? Do Purchase Enquiry Now: https://www.alliedmarketresearch.com/request-sample/4667

PORTER'S FIVE FORCES ANALYSIS

3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. High-to-moderate bargaining power of buyers

3.4. MARKET SHARE ANALYSIS (2017)
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Low conduction loss as compared to GTO and IGBT.
3.5.1.2. Increased usage of power electronics in renewable energy sources.
3.5.1.3. Better performance at higher temperature.
3.5.1.4. Low price.

3.5.2. Restraint

3.5.2.1. Bulky thyristor structure and complex manufacturing process.

3.5.3. Opportunities

3.5.3.1. Use of semiconductor devices in hybrid vehicles.
3.5.3.2. Invention of high power technology (HPT) platform.

https://www.whatech.com/market-research/semiconductor-and-electronics/644018-multilayer-ceramic-capacitor-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

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.

This release was published on openPR.