IGBT and Thyristor Market Size | COVID-19 Impact Analysis | Forecast to 2027

The IGBT and thyristor market was valued at USD 5.15 billion in 2019 and is expected to reach USD 6.96 billion by 2027. It is expected to grow at an annual average of 4.1% from 2020 to 2027.

The global IGBT and thyristor market is being driven by the replacement of aging power infrastructure in developed economies and the deployment of smart grids. These products are used for power electronics applications such as controllers, inverters, and power supplies in order to meet the demand of solid-state switching devices. Electricity demand is continuously increasing on account of the rising population. Insulated gate bipolar transistors and thyristors use low switching losses and short switching times of MOSFET to fulfill current electricity demands. It also uses conduction losses and high breakdown voltage in BJT to accomplish high electricity demands. IGBT (Insulated Gate Bipolar Transistor) and Thyristor enable low switching losses and thermal stress resulting in longer life and reliability of electric devices. They are gaining popularity on account of various benefits offered such as high external thermal performance and efficiency.

(Get 15% Discount on Buying this Report)
A full report of IGBT and Thyristor Market is available at: https://www.orionmarketreports.com/igbt-and-thyristor-market/46317/

Increasing offshore wind farms are also expected to favor market growth for the forecast period. Additionally, increasing government initiatives for HDVC installations is further expected to fuel the market demand over the next six years. Lack of technology awareness and high investments is expected to act as a restraint to overall market growth. De-carbonization of power systems may provide new opportunities for market growth.

IGBT and Thyristor Market Segments

By IGBT Packaging Type

• Discrete
• Module

By IGBT Power Rating

• Low
• Medium
• High

By IGBT Application

• Energy & Power
• Rail Traction System
• Uninterrupted Power Supply
• Electric Vehicles and Hybrid Vehicles
• Consumer Electronics
• Others

By Thyristor Application

• Power Transmission Systems
• Motor Controllers
• Light Dimmers
• Pressure Control Systems
• Liquid-level Regulators
• Others

Company Profiles

• ABB Ltd
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• Renesas Electronics Corporation
• ROHM CO., LTD.
• Semiconductor Components Industries, LLC (On Semiconductor)
• STMicroelectronics N.V.
• SEMIKRON
• Vishay Intertechnology, Inc
• Fuji Electric Co., Ltd.

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by IGBT and Thyristor Market Report

• What was the IGBT and Thyristor Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of IGBT and Thyristor Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the IGBT and Thyristor Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.