IGBT and Thyristor Market to Witness Growth Acceleration During 2021-2031 | Schneider Electric, Danfoss, Littelfuse

New York, According to a new market research report published by Global Insight Services IGBT and Thyristor Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An IGBT is a type of solid-state electronic device that combines the best attributes of both MOSFETs and bipolar junction transistors (BJTs). IGBTs are used in a variety of power electronic applications such as solar inverters, uninterruptible power supplies, motor drives, and traction control systems.

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Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the IGBT and thyristor market. The pandemic has led to a decrease in demand from the automotive and industrial sectors, as well as a decrease in production due to the shutdown of factories. This has led to a decrease in revenue for IGBT and thyristor manufacturers.

Key Trends

IGBT and Thyristor Market technology is evolving rapidly with new trends emerging every year. Some of the key trends in IGBT and Thyristor Market technology include:

Increased use of IGBTs and thyristors in renewable energy applications: Renewable energy sources such as solar and wind power are increasingly being used around the world, and IGBTs and thyristors are playing a key role in these applications.
Increased use of IGBTs and thyristors in electric vehicles: Electric vehicles are becoming more popular, and IGBTs and thyristors are key components in these vehicles.
Development of new IGBT and thyristor materials: New materials are being developed that offer improved performance and lower costs.
Increased use of IGBTs and thyristors in high-voltage applications: IGBTs and thyristors are being used in an increasing number of high-voltage applications such as power transmission and distribution.
Development of new IGBT and thyristor packaging: New packaging techniques are being developed that offer improved performance and reliability.

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Key Drivers

The main drivers of the IGBT and thyristor market are the increasing demand for electricity, the need for energy efficiency, and the increasing use of renewable energy sources.

Restraints & Challenges

The key challenges in this market are:

High cost of IGBT and Thyristor devices
Lack of technical expertise
Cyclical nature of the end-use industries
High competition from Chinese manufacturers
Slow adoption of IGBT and Thyristor technology in developing countries

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Market Segments
By Power Rating

Low
Medium
High

By Voltage

4,500 V

Key Players

ABB
Siemens
Mitsubishi
Toshiba
Hitachi
Fuji Electric
OMRON
Schneider Electric
Danfoss
Littelfuse

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Reasons to buy IGBT and Thyristor Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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