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IGBT and Thyristor Industry Witnessing a Binge of New Product Developments
The IGBT and Thyristor market is still in its growth stage and is witnessing enormous patent filings and developments. All the big electronic companies are conducting extensive research and development activities to get the first mover advantage. Small companies in the ecosystem are doing a flourishing business to stay in the competition for the long-term business. The IGBT and thyristor industry is witnessing a binge of new product developments, mergers & collaborations, expansions, and other activities in the research and development field.
ABB (Switzerland), one of the major players in the field of power systems, covers nearly more than 100 countries with its vast network. ABB has widened its scope of development in recent years by their strategic initiatives in new product development and retrofit market. With its diversified subsidiaries, it is targeting the process industries, which helps them in becoming one of the key contributors in various application industries. ABB expanded by signing a contract worth around $60 million with American Electric Power (AEP) to replace a 30-year-old HVDC back-to-back converter station in Texas and another contract with the Dutch-German transmission system operator, TenneT, to supply an AC (alternating current) power transmission line connecting Sandbank. ABB believes in expansion by means of mergers and acquisitions. Through this, they have targeted to fulfill the portfolio gap between geographic, product, and end-market lines. ABB believes that the low voltage market will be the major contributor in established and emerging markets. For the development of vertical industrial segments, ABB had acquired Thomas & Betts (U.S.) and plans to do more acquisitions in the future.
Fairchild Semiconductor International Inc. (U.S.) has a global presence with strategically situated manufacturing plants across China, Taiwan, Korea, Europe, and a few Asia-Pacific countries. With strong focus on the Asian region, the company generates balanced and diversified revenues from various markets across the globe. Fairchild Semiconductor International Inc. (U.S.) is expanded by signing an agreement with RS Components (RS), the trading brand of Electro Components Plc (U.K.), a leading high-service distributor of electronics and maintenance products. Fairchild has a strong emphasis on research and development activities. The company is highly focused towards infrastructure investments which enable the company to achieve high volume, high reliability, and low-cost production using process technology for its classes of products. Fairchild Semiconductor International Inc. (U.S.) is set to acquire the market leadership in revenue generation as well as the market attractiveness for long terms in the IGBT and thyristor ecosystem.
IGBT and Thyristor Market by Application (Power, Renewable Energy, Motor Drives and Others) and by Geography (North America, Europe, APAC and ROW) - Analysis and Forecast 2013 - 2018
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