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
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.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
