Nashville, Tenn., April 24, 2023 (GLOBE NEWSWIRE) — Zion Market Research has released a new research report titled “By Package Type (Discrete IGBT and IGBT Module), By Power Rating (Medium Power, Low Power), By Voltage ” (up to 400 V, 600-650 V, 1200-1700 V, 2500-3300 V and >4500 V), by application (transmission systems, renewable energy, railway traction systems, uninterruptible power supplies, consumer electronics, electric and hybrid electric vehicles ). and motor drives), and by region – global and regional industry overview, market information, comprehensive analysis, historical data and forecast 2023-2030″ in its research database.
“According to the latest research report, the global IGBT and thyristor market size and revenue share demand is estimated at US$11.5 billion in 2022 and is expected to cross the approximately US$15.5 billion mark by 2030 and grow at a compound annual growth rates. From 2023 to 2030. The growth rate (compound annual growth rate) during the forecast period to 2030 will be approximately 10.1%.”
Insulated gate bipolar transistors (IGBTs) and thyristors are used in power electronics such as inverters, controllers, and power supplies as they help meet the needs of semiconductor switching devices. This need can be partially met through the use of these devices. The world’s growing population is driving an already huge demand for new electricity. Therefore, bipolar transistors and insulated gate thyristors are used to reduce switching losses and shorten the switching time of MOSFETs, which helps meet modern power demands. In addition, it addresses power requirements by utilizing the inherent conduction losses and high breakdown voltages of IGBTs and thyristors.
In addition to this, bipolar transistors and insulated gate thyristors provide minimal switching losses and thermal loads, which ultimately extends the life and improves the reliability of electrical equipment. They offer many benefits, some of which are becoming increasingly popular and driving this trend, such as good external thermal performance and efficiency.
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Population growth leads to increased demand for electricity, which in turn determines global market trends.
The introduction of smart grids and other forms of innovative grid technologies in the energy sector will drive the development trend of the global IGBT and thyristor market. Population growth and huge demand for more energy sources are expected to drive market expansion in the coming years. Global market expansion will be driven by widespread use of this product in power electronics applications such as controllers, power supplies and inverters. The growing number of nuclear households is expected to support the market demand for IGBTs and thyristors, leading to increased demand for reliable infrastructure. IGBTs and thyristors are in high demand due to their numerous advantages, including shorter switching cycles and reduced switching losses of MOSFETs. These advantages have contributed to the popularity of these two types of semiconductors.
The growth of offshore wind farms is expected to have a positive impact on the IGBT and thyristor market size in the coming years. Active government initiatives to introduce HDVC technology will help expand the market in various regions of the world. Both IGBTs and thyristors offer numerous benefits to their customers, one of which is superior thermal performance, which will drive global market expansion.
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The global IGBT and thyristor market can be classified into the following categories: power rating, package type, voltage, application and region.
Based on the type of packaging used, the global IGBT and thyristor market is segmented into sub-markets of discrete IGBT devices and IGBT modules, respectively. Additionally, the IGBT module category accounted for more than 70% of the global market share in 2022 and is expected to hold the largest market share in 2023-2030. The growing popularity of electric and hybrid vehicles in developing countries is likely to boost demand in this segment over the next eight years. In addition, IGBT modules are suitable for high power applications, which is important given the emphasis governments are placing on the use of HVAC tools for power transmission.
The global IGBT and thyristor industry can be divided into three distinct market segments: medium power, low power and high power, each defined by power rating. Additionally, the mid-power segment, which is expected to account for over 26% of the global market share by 2022, will lead the segment’s expansion in the coming years. Additionally, market expansion from 2023 to 2030 is likely to be driven by the segment’s ability to meet the needs of high-voltage DC systems, electric vehicles, flexible AC transmission systems and hybrid electric vehicles. Demand for mid-range vehicles will increase due to growing environmental concerns and active government actions.
Based on their application, global IGBTs and thyristors can be classified into the following categories: power transmission systems, renewable energy sources, railway traction systems, consumer electronics, electric and hybrid vehicles, and motor drives. The electric vehicle and hybrid electric vehicle (EV) market is expected to experience the highest CAGR over the next eight years. Market expansion in the coming years is likely to be driven by growing demand for electric and hybrid electric vehicles due to the need to reduce fuel emissions and improve energy efficiency.
Below 400V, 600-650V, 1200-1700V, 2500-3300V and above 4500V constitute the breakdown voltage categories of the global IGBT and thyristor industry respectively.
Browse the entire IGBT and Thyristor market by package type (Discrete IGBT and IGBT module), by power rating (mid power, low power and high power), by voltage (up to 400V, 600-650V, 1200-1700V, 2500- 3300 V and >4500 V), by application (transmission systems, renewable energy, railway traction systems, uninterruptible power supplies, consumer electronics, electric and hybrid electric vehicles and motor drives), and by region – global and regional industry. Overview, Market Information, Comprehensive Analysis, Historical Data and Forecast 2023-2030″ Report https://www.zionmarketresearch.com/report/igbt-thyristor-market
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Asia Pacific will account for 50% of the global IGBT and thyristor market revenue share by 2022 and is expected to dominate the regional market growth during the forecast period. The expansion of the regional market can be attributed to the growing demand for professional power transmission systems to meet the growing power supply needs of the subcontinent. There are many HVDC transmission companies in many regions. For example, China has adopted HVDC transmission systems because its rapidly growing population requires large amounts of electricity.
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Post time: Nov-22-2023