The global insulated-gate bipolar transistor (IGBT) market size is estimated to grow from USD 5.3 billion in 2020 to USD 6.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The global thyristor market size is estimated to grow from USD 781 million in 2020 to USD 849 million by 2025, at a CAGR of 1.7% during the forecast period. The key factors fueling the growth of the IGBT and thyristor market are the implementation of government initiatives in various countries towards the replacement of aging power infrastructure, and the adoption of electric motors in industrial, commercial, and residential applications.
Key players in the IGBT and thyristor market include Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan), ROHM Co., Ltd. (Japan), Danfoss (Denmark), Central Semiconductor Corp. (US), New Jersey Semiconductor (US), Siemens AG (Germany), Schneider Electric (France), Powerex Inc. (US), Silicon Power Corporation (US), StarPower Semiconductor Ltd. (China), and Littelfuse, Inc. (US). These companies have adopted both organic and inorganic growth strategies, such as product launches, partnerships, collaborations, contracts, agreements, acquisitions, and expansions, to strengthen their position in the market.
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Infineon Technologies AG is one of the global leaders providing semiconductor solutions for applications including automotive, communication, consumer, industrial, security, and solutions. The company offers IGBT discrete, IGBT modules, IGBT stacks, IGBT bare dies, and thyristors for various applications in the field of automotive, traction, industrial, and consumer systems. IGBTs offered by the company can withstand voltages up to 6.5 kV and operate at a switching frequency from 2 kHz to 50 kHz. Thyristors offered by the company have set standards in power range from 10 kW to over 10 GW.
Fuji Electric Co., Ltd. is a major provider of technology in the field of industrial and social infrastructure. The company’s product portfolio consists of drivers and inverters, semiconductors and devices, power supply systems, sensors and measurement instruments, factory automation systems, and social infrastructure systems. The company offers IGBTs that can be deployed in applications such as inverters, wind turbines, welding machines, power supply switching circuits, rail traction systems, solar inverters, automobiles, and UPS.
IGBT & Thyristor Market by Packaging Type (IGBT Discrete, IGBT Module), Power Rating (Medium Power IGBT, High Power IGBT), Voltage (Below 400V, 600-650V), Application (Power Transmission Systems, Motor Drives), and Region - Global Forecast to 2025
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