Product Code: ETC13326118 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global IGBT and Thyristor Market was valued at USD 3.4 Billion in 2024 and is expected to reach USD 4.95 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The global IGBT and Thyristor market is experiencing steady growth driven by increasing demand for energy-efficient devices in various applications such as consumer electronics, industrial automation, renewable energy, and automotive sectors. Insulated Gate Bipolar Transistors (IGBTs) are widely used in power electronics due to their high efficiency and fast switching capabilities, while Thyristors are favored for high-power applications requiring robust performance. The market is further propelled by the rising adoption of electric vehicles and the integration of renewable energy sources into power grids. Major players in the market include Infineon Technologies, Mitsubishi Electric, ABB, and Toshiba, who are continuously investing in research and development to introduce advanced products and expand their market presence. The Asia-Pacific region dominates the global market due to the presence of key manufacturing hubs and increasing industrialization.
The Global IGBT and Thyristor Market is witnessing significant growth due to the increasing demand for energy-efficient devices in various industries, such as automotive, consumer electronics, and renewable energy. The adoption of electric vehicles and the growing focus on sustainable energy solutions are driving the market expansion. Additionally, the rise in industrial automation and the development of smart grids are creating opportunities for IGBT and thyristor manufacturers. Technological advancements, such as the development of advanced power modules and the integration of IGBTs and thyristors in power electronics systems, are further fueling market growth. With the increasing emphasis on energy conservation and the need for power management solutions, the IGBT and thyristor market is poised for continued growth and innovation.
The Global IGBT and Thyristor Market faces several challenges, including intense competition among key players leading to price wars and margin pressures. Additionally, rapid technological advancements and shorter product lifecycles require continuous innovation and investment in research and development to stay ahead in the market. Economic uncertainties and fluctuations in demand due to geopolitical factors can also impact market growth. Moreover, the complexity of integrating IGBTs and Thyristors into various applications, along with the need for skilled technical expertise, pose a challenge for market players. Regulatory requirements and environmental concerns further add to the challenges by necessitating compliance with stringent standards and regulations. Overall, navigating these challenges requires strategic planning, agility, and a deep understanding of market dynamics.
The Global IGBT and Thyristor Market is primarily driven by the increasing demand for energy-efficient solutions in various industries such as automotive, consumer electronics, and renewable energy. With the rising focus on reducing carbon emissions and improving energy efficiency, the adoption of Insulated Gate Bipolar Transistors (IGBT) and Thyristors in power electronics applications is growing significantly. Additionally, the expanding market for electric vehicles and hybrid electric vehicles is driving the demand for IGBTs in automotive powertrains. Furthermore, the increasing investments in renewable energy projects, such as wind and solar power generation, are fueling the demand for IGBT and Thyristor-based solutions for power conversion and control. Overall, the market is expected to continue growing due to the increasing emphasis on energy efficiency and sustainability across various industries.
Government policies related to the Global IGBT and Thyristor Market vary by country and region. Some governments have implemented incentives and subsidies to promote the adoption of renewable energy technologies, driving the demand for power electronic devices like IGBTs and thyristors. For example, in many countries, there are initiatives to increase the use of solar and wind energy, which require power electronic components for efficient energy conversion. Additionally, there are regulations and standards in place to ensure the safety and reliability of these devices, especially in critical applications such as automotive, industrial, and energy sectors. Governments also play a role in trade policies that can impact the import and export of IGBT and thyristor products, influencing market dynamics and competition among manufacturers globally.
The Global IGBT and Thyristor market is poised for significant growth in the coming years, driven by increasing demand for energy-efficient power electronics across various industries such as automotive, renewable energy, and consumer electronics. The rising adoption of electric vehicles, expansion of smart grid infrastructure, and growing focus on renewable energy sources are expected to fuel the market growth. Additionally, advancements in technology leading to improved performance, reliability, and cost-effectiveness of IGBTs and Thyristors will further propel market expansion. However, challenges such as intense market competition, fluctuating raw material prices, and regulatory constraints may pose a hindrance to the market growth. Overall, the Global IGBT and Thyristor market is anticipated to witness steady growth supported by technological advancements and increasing applications in various sectors.
In the Global IGBT and Thyristor Market, Asia Pacific continues to dominate with the highest market share, driven by the presence of major manufacturing hubs in countries like China, Japan, and South Korea. The region is witnessing rapid industrialization, urbanization, and increasing investments in infrastructure development, boosting the demand for IGBT and thyristor components in various applications such as renewable energy, automotive, and consumer electronics. North America and Europe follow closely behind, supported by strong technological advancements and adoption of electric vehicles. In the Middle East and Africa, growth is fueled by ongoing investments in energy and power sectors, while Latin America shows potential for market expansion due to rising industrialization and increasing focus on renewable energy sources. Overall, the global market for IGBT and thyristors is poised for steady growth across all regions.
Global IGBT and Thyristor Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global IGBT and Thyristor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global IGBT and Thyristor Market Revenues & Volume, 2021 & 2031F |
3.3 Global IGBT and Thyristor Market - Industry Life Cycle |
3.4 Global IGBT and Thyristor Market - Porter's Five Forces |
3.5 Global IGBT and Thyristor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global IGBT and Thyristor Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global IGBT and Thyristor Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
3.8 Global IGBT and Thyristor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global IGBT and Thyristor Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.10 Global IGBT and Thyristor Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global IGBT and Thyristor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global IGBT and Thyristor Market Trends |
6 Global IGBT and Thyristor Market, 2021 - 2031 |
6.1 Global IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global IGBT and Thyristor Market, Revenues & Volume, By Insulated Gate Bipolar Transistors, 2021 - 2031 |
6.1.3 Global IGBT and Thyristor Market, Revenues & Volume, By Thyristors, 2021 - 2031 |
6.1.4 Global IGBT and Thyristor Market, Revenues & Volume, By High-Power Thyristors, 2021 - 2031 |
6.1.5 Global IGBT and Thyristor Market, Revenues & Volume, By Fast-Switching IGBTs, 2021 - 2031 |
6.1.6 Global IGBT and Thyristor Market, Revenues & Volume, By Reverse-Conducting IGBTs, 2021 - 2031 |
6.2 Global IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global IGBT and Thyristor Market, Revenues & Volume, By Low Voltage (<600V), 2021 - 2031 |
6.2.3 Global IGBT and Thyristor Market, Revenues & Volume, By Medium Voltage (600V-1.2kV), 2021 - 2031 |
6.2.4 Global IGBT and Thyristor Market, Revenues & Volume, By High Voltage (1.2kV-3.3kV), 2021 - 2031 |
6.2.5 Global IGBT and Thyristor Market, Revenues & Volume, By Ultra-High Voltage (>3.3kV), 2021 - 2031 |
6.2.6 Global IGBT and Thyristor Market, Revenues & Volume, By Very High Voltage (>5kV), 2021 - 2031 |
6.3 Global IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global IGBT and Thyristor Market, Revenues & Volume, By Industrial Drives, 2021 - 2031 |
6.3.3 Global IGBT and Thyristor Market, Revenues & Volume, By Motor Control, 2021 - 2031 |
6.3.4 Global IGBT and Thyristor Market, Revenues & Volume, By Smart Grids, 2021 - 2031 |
6.3.5 Global IGBT and Thyristor Market, Revenues & Volume, By Railway Traction Systems, 2021 - 2031 |
6.3.6 Global IGBT and Thyristor Market, Revenues & Volume, By Consumer Electronics, 2021 - 2031 |
6.4 Global IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global IGBT and Thyristor Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
6.4.3 Global IGBT and Thyristor Market, Revenues & Volume, By Distributors, 2021 - 2031 |
6.4.4 Global IGBT and Thyristor Market, Revenues & Volume, By Online Sales, 2021 - 2031 |
6.4.5 Global IGBT and Thyristor Market, Revenues & Volume, By Bulk Buyers, 2021 - 2031 |
6.4.6 Global IGBT and Thyristor Market, Revenues & Volume, By Retail Stores, 2021 - 2031 |
6.5 Global IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global IGBT and Thyristor Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.5.3 Global IGBT and Thyristor Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.5.4 Global IGBT and Thyristor Market, Revenues & Volume, By Energy & Utilities, 2021 - 2031 |
6.5.5 Global IGBT and Thyristor Market, Revenues & Volume, By Aerospace, 2021 - 2031 |
6.5.6 Global IGBT and Thyristor Market, Revenues & Volume, By Defense Applications, 2021 - 2031 |
7 North America IGBT and Thyristor Market, Overview & Analysis |
7.1 North America IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
7.2 North America IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
7.5 North America IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
7.7 North America IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) IGBT and Thyristor Market, Overview & Analysis |
8.1 Latin America (LATAM) IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
8.5 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
8.7 Latin America (LATAM) IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia IGBT and Thyristor Market, Overview & Analysis |
9.1 Asia IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
9.5 Asia IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
9.7 Asia IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa IGBT and Thyristor Market, Overview & Analysis |
10.1 Africa IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
10.5 Africa IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
10.7 Africa IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe IGBT and Thyristor Market, Overview & Analysis |
11.1 Europe IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
11.5 Europe IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
11.7 Europe IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East IGBT and Thyristor Market, Overview & Analysis |
12.1 Middle East IGBT and Thyristor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East IGBT and Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey IGBT and Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East IGBT and Thyristor Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East IGBT and Thyristor Market, Revenues & Volume, By Voltage Rating, 2021 - 2031 |
12.5 Middle East IGBT and Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East IGBT and Thyristor Market, Revenues & Volume, By Sales Channel, 2021 - 2031 |
12.7 Middle East IGBT and Thyristor Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global IGBT and Thyristor Market Key Performance Indicators |
14 Global IGBT and Thyristor Market - Export/Import By Countries Assessment |
15 Global IGBT and Thyristor Market - Opportunity Assessment |
15.1 Global IGBT and Thyristor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global IGBT and Thyristor Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global IGBT and Thyristor Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
15.4 Global IGBT and Thyristor Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global IGBT and Thyristor Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
15.6 Global IGBT and Thyristor Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global IGBT and Thyristor Market - Competitive Landscape |
16.1 Global IGBT and Thyristor Market Revenue Share, By Companies, 2024 |
16.2 Global IGBT and Thyristor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |