The global demand for IGBTs and Thyristors Market is presumed to reach the market size of nearly USD 7.85 Billion by 2032 from USD 6.01 Billion in 2023 with a CAGR of 3.01% under the study period 2024 - 2032.
IGBTs (Insulated Gate Bipolar Transistors) and thyristors are semiconductor devices used in power electronics to control and regulate electrical power in various applications such as motor drives, inverters, converters, power supplies, and electric vehicles. IGBTs are high-speed switching devices capable of handling high currents and voltages, combining the advantages of MOSFETs and bipolar junction transistors. Thyristors, or silicon-controlled rectifiers (SCRs), are unidirectional semiconductor switches that control the current flow by turning on when a specific trigger voltage is applied and remain conducting until the current drops below a certain threshold.
MARKET DYNAMICS
The growing need for energy-efficient power conversion and control solutions drives the demand for IGBTs and thyristors as key components in power electronics, motor drives, renewable energy inverters, industrial automation, and electric vehicle propulsion systems. With the transition towards sustainable energy sources such as wind, solar, and electric vehicles, there is a growing demand for power semiconductor devices capable of handling high voltages, currents, and temperatures while delivering efficient and reliable performance. Additionally, the rising adoption of electric & hybrid electric vehicles drives the demand for IGBTs and thyristors in traction inverters, onboard chargers, and battery management systems, enabling efficient power conversion and energy management in automotive applications. Moreover, advancements in semiconductor technology allow the development of IGBTs and thyristors with higher power density, faster switching speeds, and improved thermal performance, meeting the requirements of emerging applications in power electronics and electric power transmission.
Furthermore, the growing emphasis on grid modernization, smart grids, and renewable energy integration drives the market growth in power grid infrastructure, energy storage systems, and voltage regulation devices, supporting the transition towards a more sustainable and resilient energy future. With the increasing complexity of power electronics systems and the expanding market for electric vehicles, renewable energy, and industrial automation, there is a growing demand for high-performance thyristors and IGBTs that offer enhanced efficiency, reliability, and functionality to meet the evolving needs of customers and industries. However, supply chain disruptions, trade tensions, and geopolitical uncertainties may challenge the market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of igbts and thyristors. The growth and trends of igbts and thyristors industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the igbts and thyristors market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Voltage
Low Voltage IGBTs
Medium Voltage IGBTs
High Voltage IGBTs
By Packaging Type
IGBT Discrete
IGBT Module
By Voltage
Upto 400V
400-600V
600-800V
800-1200V
1200-1800V
Above 1800V
By Capability
Turn Off Capability Included
Turn Off Capability Excluded
Bidirectional Control
By End-Use Industry
Consumer Electronics
Industrial Motor Drives
Inverters & Ups
Automotive (Electric & Hybrid Vehicles)
Hvac
Renewable Energy
Others
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the IGBTs and Thyristors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the IGBTs and Thyristors market include Renesas Electronics Corporation, Semikron Danfoss, Diodes Incorporated, Dynex Semiconductor Ltd., Infineon Technologies AG, Hitachi Energy Ltd., Fuji Electric Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.2 Market Attractiveness Analysis By Packaging Type
3.7.3 Market Attractiveness Analysis By Capability
3.7.4 Market Attractiveness Analysis By End-Use Industry
3.7.5 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL IGBTS AND THYRISTORS MARKET ANALYSIS BY VOLTAGE
5.1. Overview By Voltage
5.2. Historical and Forecast Data
5.3. Analysis By Voltage
5.4. Upto 400V Historic and Forecast Sales By Regions
5.5. 400-600V Historic and Forecast Sales By Regions
5.6. 600-800V Historic and Forecast Sales By Regions
5.7. 800-1200V Historic and Forecast Sales By Regions
5.8. 1200-1800V Historic and Forecast Sales By Regions
5.9. Above 1800V Historic and Forecast Sales By Regions
6. GLOBAL IGBTS AND THYRISTORS MARKET ANALYSIS BY PACKAGING TYPE
6.1. Overview By Packaging Type
6.2. Historical and Forecast Data
6.3. Analysis By Packaging Type
6.4. IGBT Discrete Historic and Forecast Sales By Regions
6.5. IGBT Module Historic and Forecast Sales By Regions
7. GLOBAL IGBTS AND THYRISTORS MARKET ANALYSIS BY CAPABILITY
7.1. Overview By Capability
7.2. Historical and Forecast Data
7.3. Analysis By Capability
7.4. Turn Off Capability Included Historic and Forecast Sales By Regions
7.5. Turn Off Capability Excluded Historic and Forecast Sales By Regions
7.6. Bidirectional Control Historic and Forecast Sales By Regions
8. GLOBAL IGBTS AND THYRISTORS MARKET ANALYSIS BY END-USE INDUSTRY
8.1. Overview By End-Use Industry
8.2. Historical and Forecast Data
8.3. Analysis By End-Use Industry
8.4. Consumer Electronics Historic and Forecast Sales By Regions
8.5. Industrial Motor drives Historic and Forecast Sales By Regions
8.6. Inverters & UPS Historic and Forecast Sales By Regions
8.7. Automotive (Electric & Hybrid Vehicles) Historic and Forecast Sales By Regions
8.8. HVAC Historic and Forecast Sales By Regions
8.9. Renewable Energy Historic and Forecast Sales By Regions
8.10. Others Historic and Forecast Sales By Regions
9. GLOBAL IGBTS AND THYRISTORS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
9.3.1 Overview, Historic and Forecast Data Sales Analysis
9.3.2 North America By Segment Sales Analysis
9.3.3 North America By Country Sales Analysis
9.3.4 United States Sales Analysis
9.3.5 Canada Sales Analysis
9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1 Overview, Historic and Forecast Data Sales Analysis
9.4.2 Europe By Segment Sales Analysis
9.4.3 Europe By Country Sales Analysis
9.4.4 United Kingdom Sales Analysis
9.4.5 France Sales Analysis
9.4.6 Germany Sales Analysis
9.4.7 Italy Sales Analysis
9.4.8 Russia Sales Analysis
9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1 Overview, Historic and Forecast Data Sales Analysis
9.5.2 Asia Pacific By Segment Sales Analysis
9.5.3 Asia Pacific By Country Sales Analysis
9.5.4 China Sales Analysis
9.5.5 India Sales Analysis
9.5.6 Japan Sales Analysis
9.5.7 South Korea Sales Analysis
9.5.8 Australia Sales Analysis
9.5.9 South East Asia Sales Analysis
9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1 Overview, Historic and Forecast Data Sales Analysis
9.6.2 Latin America By Segment Sales Analysis
9.6.3 Latin America By Country Sales Analysis
9.6.4 Brazil Sales Analysis
9.6.5 Argentina Sales Analysis
9.6.6 Peru Sales Analysis
9.6.7 Chile Sales Analysis
9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1 Overview, Historic and Forecast Data Sales Analysis
9.7.2 Middle East & Africa By Segment Sales Analysis
9.7.3 Middle East & Africa By Country Sales Analysis
9.7.4 Saudi Arabia Sales Analysis
9.7.5 UAE Sales Analysis
9.7.6 Israel Sales Analysis
9.7.7 South Africa Sales Analysis
9.7.8 Rest Of Middle East And Africa Sales Analysis
10. COMPETITIVE LANDSCAPE OF THE IGBTS AND THYRISTORS COMPANIES
10.1. IGBTs and Thyristors Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11. COMPANY PROFILES OF IGBTS AND THYRISTORS INDUSTRY
11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. Renesas Electronics Corporation
11.3.1 Company Overview
11.3.2 Company Revenue
11.3.3 Products
11.3.4 Recent Developments
11.4. Semikron Danfoss
11.4.1 Company Overview
11.4.2 Company Revenue
11.4.3 Products
11.4.4 Recent Developments
11.5. Diodes Incorporated
11.5.1 Company Overview
11.5.2 Company Revenue
11.5.3 Products
11.5.4 Recent Developments
11.6. Dynex Semiconductor Ltd.
11.6.1 Company Overview
11.6.2 Company Revenue
11.6.3 Products
11.6.4 Recent Developments
11.7. Infineon Technologies AG
11.7.1 Company Overview
11.7.2 Company Revenue
11.7.3 Products
11.7.4 Recent Developments
11.8. Hitachi Energy Ltd.
11.8.1 Company Overview
11.8.2 Company Revenue
11.8.3 Products
11.8.4 Recent Developments
11.9. Fuji Electric Co. Ltd.
11.9.1 Company Overview
11.9.2 Company Revenue
11.9.3 Products
11.9.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies