IGBTs and thyristors market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). IGBTs and Thyristors are two types of semiconductor devices with three terminals and both of them are used to control currents. Both devices have a controlling terminal called ‘gate’, but have different principals of operation.
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These days, wind and solar power are the main growth drivers for thyristors and IGBTs. The need for effective power conversion and control technologies that may be utilized to connect renewable energy systems with the current grid has increased as a result of the global shift towards cleaner energy sources. They transform the direct current generated by solar panels and wind turbines into useful alternating current that travels over transmission lines, IGBTs, and thyristors are essential components in renewable energy applications. IGBTs and thyristors facilitate grid stability by managing power fluctuations, ensuring smooth transitions, and preventing grid disturbances during renewable energy injection.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global IGBTs and Thyristors Market Report Segment
By Packaging Type
- IGBT and Thyristors Discrete
- IGBT and Thyristors Module
By Voltage
- Low Voltage IGBTs
- Medium Voltage IGBTs
- High Voltage IGBTs
By Application
- Power Transmission Systems
- Renewable Energy
- Rail Traction Systems
- Uninterruptible Power Supply (UPS)
- Others (Electric and Hybrid Electric Vehicles)
Global IGBTs and Thyristors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global IGBTs and thyristors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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