The IGBT and Thyristor market was valued at US$ 5.15 billion in 2019 and it is expected to grow at a CAGR of 4.1% from 2020 to 2027.

In 2019, APAC held the major share of the IGBT and Thyristor market and is anticipated to dominate the market during the forecast period. The presence of significant semiconductor players in the region is one of the key reasons attributed to market growth. Moreover, the growth is due to the rising need for more efficient power transmission systems to fulfill the increasing electricity demand by the continually increasing population in the region.

Furthermore, the region has numerous HVDC projects underway. For instance, China adopted HVDC systems for its high population that needs a substantial power supply. Zhou Shan, Gezhouba – Shanghai, Tian-Guang, as well as Three Gorges – Changzhou are a few key HVDC projects.

Several IGBT manufacturers, as well as HVDC providers, are aiming to deploy their solutions in APAC. For instance, in 2019, ABB Ltd. won a contract worth US$ 640 million from Power Grid Corporation of India Limited, the country’s national electricity grid operator. As per the contract, ABB is projected to supply an 800 kilovolt (kV) ultra-high-voltage direct current transmission link of more than 1,800 km to provide electricity to over 80 million people. Furthermore, India is the fastest-growing country for the IGBT and Thyristor market owing to the rising population and growing infrastructure. In the SAM region, Brazil accounted for the largest market share due to rising investments in power transmission due to increasing urbanization.

The market is estimated to witness a slow growth in 2020 and 2021 owing to the negative impact of COVID-19 on the APAC semiconductor industry. Though the complete impact of COVID-19 is still unidentified, the impact across the electronics value chain will probably be far-reaching and strongly affecting parties involved with semiconductor manufacturing. COVID-19 is underlining the possible risks and vulnerability of present electronics and semiconductor value chain model as well as challenging the semiconductor industry to consider altering its global supply chain model.

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IGBT and Thyristor Market: Strategic Insights

IGBT and Thyristor Market

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  CAGR (2019 - 2027)

  4.1%
• Market Size 2019
  US$ 5.15 Billion
• Market Size 2027
  US$ 6.96 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• ABB Ltd
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• Renesas Electronics Corporation
• ROHM CO., LTD.
• ON Semiconductor
• STMicroelectronics N.V.
• SEMIKRON
• Vishay Intertechnology, Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

IGBT Packaging Type

• IGBT Discrete
• IGBT Module

IGBT Power Rating

• Low
• Medium
• High

IGBT Application

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

Thyristor Application

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

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Market Insights

Growing implementation of smart grid technology drives IGBT and Thyristor market

Power electronic devices such as insulated gate bipolar junction transistor (IGBT), metal-oxide silicon field-effect transistor (MOSFET), integrated gate commutated Thyristor (IGCT), gate turn off Thyristor (GTO), and triode as an AC switch (TRIAC) have a high current carrying and voltage handling capacity. They have higher switching frequencies, which are useful for frequency control and voltage magnitude conversion. These devices are primarily used in converters and are able to control the power flow. The smart grid has become the biggest technological revolution in the past years. The smart grid is an automated, highly integrated, technology-driven, and modernized grid than the conventional grid. The smart grid is expected to play a major role in transforming the electrical networks, along with power system operation in the near future.

IGBT: Packaging Type Insights

The module packaging type segment in the global IGBT market accounted for a larger share in 2019. The IGBT modules are used in the traction inverters and for the DC-AC stages of uninterruptible power supplies (UPS), energy storage systems, solar inverters, and motor drive applications. These state of the art IGBT modules use narrow mesa IGBT technology to provide high current density and robust short circuit security along with higher blocking voltage to deliver efficient performance. IGBT modules comprise several devices in parallel and have very high current-managing capabilities in terms of hundreds of amperes. Furthermore, the segment is anticipated to witness growth at a higher CAGR during the forecast period.

IGBT: Power Rating Insights

The portfolio comprises cutting-edge IGBTs of different configurations, product families, current ratings, and IGBT chip generations for various applications.  These IGBTs come in dual, chopper, PIM, 4-pack, 12-pack, 6-pack, 3-level, booster, or single switch configuration with a current rating ranging from 6A to 3,600A. IGBT modules cover a range from hundreds of watts to many megawatts. The applications such as general-purpose drives, traction, servo-units and renewable energy applications such as solar inverters or wind applications benefit from the performance, efficiency, and longevity of these highly reliable products. Based on power rating, the medium power rating segment is anticipated to hold the largest share of the market during the forecast period.

Thyristor: Application Insights

A Thyristor is known as a four-layer device with alternating P-type and N-type semiconductors (P-N-P-N). A Thyristor comprises three terminals - cathode (negative terminal), an anode (positive terminal), and gate (control terminal). The gate is a control terminal; it controls the flow of current within the anode and cathode. The main function of a Thyristor is to control electric power and current by working as a switch. It gives sufficient protection to circuits with large voltages and currents up to 6,000V and4,500A. It has the ability to switch rapidly from a state of conducting current to a state of non-conduction. In addition, it is a cost-effective solution, and it also remains functional in the long term without developing a fault. Thyristor are used in a wide range of applications, including power transmission systems, light dimmers, motor controllers, pressure control systems, and liquid-level regulators. The power transmission application of the global Thyristor market is projected to witness the highest CAGR during the forecast period.

The key players in the market are focusing on the expansion of their product portfolio to compete in the market efficiently. Further, the players focus on maintaining long-term partnerships with their existing clients. A few recent acquisitions are listed below;

2020:Solar Support announced its strategic agreement with Semikrona. As an authorized representative of SEMIKRON in the US, Solar Support meets the industry’s demand for IGBT (insulated-gate bipolar transistor) stack components, a critical semiconductor device used in aging PV inverters.
2019:Fuji Electric Co., Ltd extended the lineup of its 7th-generation X Series of IGBT*1 modules, targeting the large-scale wind power generation market, and has begun sample shipment of 1,700V withstanding voltage products.

IGBT and Thyristor Market Report Scope

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IGBT and Thyristor Market – by IGBT Packaging Type

• Discrete
• Module

IGBT and Thyristor Market – by IGBT Power Rating

• Low
• Medium
• High

IGBT and Thyristor Market – by IGBT Application

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

IGBT and Thyristor Market – by Thyristor Application

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

IGBT and Thyristor Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe

• Asia Pacific (APAC)

  • South Korea
  • China
  • India
  • Australia
  • Japan
  • Rest of APAC

• Middle East &Africa (MEA)

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

• South America

  • Brazil
  • Argentina
  • Rest of South America (SAM)

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.