Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market size was valued at USD 12.34 Billion in 2024 and is forecasted to grow at a CAGR of 7.45% from 2026 to 2033, reaching USD 22.56 Billion by 2033.
The global Insulated Gate Bipolar Transistor (IGBT) and Thyristor market was valued at approximately $11.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030. This growth is attributed to the rising demand for energy efficient devices, increasing adoption of renewable energy technologies, and the expanding electric vehicle (EV) sector. In particular, IGBTs are widely utilized in high power applications due to their efficiency in power conversion, while thyristors find applications in industrial motors and power grids. Among the regions, Asia Pacific dominates the market, holding a significant share due to rapid industrialization, urbanization, and a surge in renewable energy projects, with China and India leading in infrastructure development.
North America and Europe also play crucial roles in the IGBT and Thyristor market, driven by advancements in EV technology and supportive government policies promoting green energy solutions. The North American market is bolstered by the U.S.s focus on modernizing the energy grid, while Europes growth is supported by stringent carbon emission regulations and investments in smart grids. Meanwhile, the Middle East and Africa are witnessing steady growth, primarily fueled by the need for energy management solutions in developing economies. Latin America shows potential growth opportunities due to rising investments in renewable energy projects. These regional dynamics, combined with increasing innovation and technological advancements, present a robust outlook for the global IGBT and Thyristor market in the coming years.
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ABB Ltd.
Mitsubishi Electric Corporation
Fuji Electric Co.
Ltd.
Infineon Technologies AG
Toshiba Corporation
Renesas Electronics Corporation
IXYS Corporation
STMicroelectronics N.V.
Semikron International GmbH
ROHM Semiconductor
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market
Power Generation
Manufacturing
Automotive
Consumer Electronics
Renewable Energy
Motor Drives
DC-DC Converters
Inverters
Switching Power Supplies
Solid-State Relays
Insulated-Gate Bipolar Transistor (IGBT)
Thyristor
Integrated Circuit Assemblies
Power Modules
Low Voltage (up to 600V)
Medium Voltage (600V to 1700V)
High Voltage (above 1700V)
Gate Turn-Off Thyristor (GTO)
Silicon Carbide (SiC) IGBT
Silicon IGBT
Hybrid IGBT Technology
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market, By Type
6. Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market, By Application
7. Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Insulated-Gate Bipolar Transistor (IGBT) and Thyristor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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