Product Code: ETC13396594 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global IGBT & Thyristor Market was valued at USD 7.1 Billion in 2024 and is expected to reach USD 14.5 Billion by 2031, growing at a compound annual growth rate of 7.30% during the forecast period (2025-2031).
The global IGBT & Thyristor market is experiencing steady growth driven by increasing demand for energy-efficient solutions in various industries such as automotive, consumer electronics, and renewable energy. Insulated Gate Bipolar Transistors (IGBTs) are widely used in power electronics applications due to their high efficiency and fast switching capabilities. Thyristors are also essential components in power control systems, especially in high-power applications. The market is expected to continue expanding due to the growing adoption of electric vehicles, increasing focus on renewable energy sources, and the need for efficient power management solutions in industrial applications. Key players in the market include Infineon Technologies, Fuji Electric, and ON Semiconductor, among others. Ongoing technological advancements and innovations in IGBT and Thyristor technologies are likely to drive further market growth in the coming years.
The Global IGBT & Thyristor Market is witnessing significant growth driven by the increasing demand for energy-efficient power electronics across various industries such as automotive, industrial, and renewable energy. The adoption of electric vehicles and the integration of renewable energy sources into the power grid are key factors driving market growth. Moreover, the rising focus on reducing carbon emissions and improving energy efficiency is creating opportunities for advanced IGBT and thyristor technologies. The market is also benefiting from the ongoing technological advancements leading to improved performance and reliability of these components. Key players are investing in research and development to enhance product offerings and expand their market presence. Overall, the Global IGBT & Thyristor Market is poised for continued growth and innovation in the coming years.
The Global IGBT & Thyristor Market faces several challenges, including intense competition among key players leading to pricing pressures, rapid technological advancements requiring continuous research and development investments, and fluctuating demand due to macroeconomic factors affecting end-user industries such as automotive, consumer electronics, and renewable energy. Additionally, the complexity of supply chains and the need for efficient inventory management pose challenges for market players in balancing production costs and meeting customer demands in a timely manner. Furthermore, regulatory uncertainties and trade tensions between major economies can impact the market dynamics and create barriers to international trade, thereby affecting the growth prospects of the IGBT & Thyristor Market. Successful navigation of these challenges requires strategic planning, innovation, and adaptability to market changes.
The Global IGBT (Insulated Gate Bipolar Transistor) & Thyristor Market is primarily driven by the increasing demand for energy-efficient electronic devices in various industries such as automotive, industrial, and consumer electronics. The growing trend towards renewable energy sources like solar and wind power also fuels the demand for IGBTs and thyristors in power electronics applications. Additionally, the expansion of electric vehicle (EV) production and the implementation of smart grid systems are boosting the market growth. Technological advancements leading to improved efficiency, reliability, and performance of IGBTs and thyristors further contribute to their adoption in power electronics. Moreover, government initiatives promoting energy conservation and the rising focus on electrification across different sectors are key drivers propelling the growth of the global IGBT & thyristor market.
Government policies related to the Global IGBT & Thyristor Market focus on promoting energy efficiency, reducing carbon emissions, and fostering technological advancements in the semiconductor industry. Many countries have implemented regulations and incentives to encourage the adoption of IGBTs and Thyristors in various applications, such as renewable energy systems, electric vehicles, and industrial automation. These policies often include financial support for research and development, tax credits for companies investing in sustainable technologies, and energy efficiency standards that drive the demand for these semiconductor components. Additionally, some governments have established trade policies and partnerships to facilitate the global supply chain of IGBTs and Thyristors, ensuring market competitiveness and innovation in this sector.
The global IGBT (Insulated Gate Bipolar Transistor) and Thyristor market is projected to witness steady growth in the coming years, driven by increasing demand for energy-efficient power electronics in various industries such as automotive, renewable energy, and consumer electronics. The growing emphasis on reducing carbon emissions and improving energy efficiency is expected to boost the adoption of IGBTs and Thyristors in power electronics applications. Additionally, advancements in semiconductor technology, such as the development of high-power IGBT modules and integration of smart features, are likely to further propel market growth. Emerging trends like electric vehicles, smart grids, and industrial automation are also anticipated to create lucrative opportunities for market players. However, challenges such as intense competition, price volatility, and supply chain disruptions may hinder the market`s growth to some extent.
In the Global IGBT & Thyristor Market, Asia Pacific dominates in terms of market share, driven by the presence of key manufacturing hubs in countries like China, Japan, and South Korea. The region also benefits from the increasing adoption of electric vehicles and renewable energy sources, which boost the demand for IGBT and thyristor components. North America and Europe follow closely behind, with a significant focus on technological advancements and innovation in power electronics applications. The Middle East and Africa region is experiencing steady growth due to infrastructure development and investments in industrial automation. Latin America shows promise with expanding industrial sectors and a growing focus on energy efficiency. Overall, the global IGBT & Thyristor market is poised for steady growth across all regions, driven by the increasing need for energy-efficient solutions in various industries.
Global IGBT & 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 & Thyristor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global IGBT & Thyristor Market Revenues & Volume, 2021 & 2031F |
3.3 Global IGBT & Thyristor Market - Industry Life Cycle |
3.4 Global IGBT & Thyristor Market - Porter's Five Forces |
3.5 Global IGBT & Thyristor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global IGBT & Thyristor Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.7 Global IGBT & Thyristor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.8 Global IGBT & Thyristor Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.9 Global IGBT & Thyristor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global IGBT & Thyristor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global IGBT & Thyristor Market Trends |
6 Global IGBT & Thyristor Market, 2021 - 2031 |
6.1 Global IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global IGBT & Thyristor Market, Revenues & Volume, By IGBT Discrete, 2021 - 2031 |
6.1.3 Global IGBT & Thyristor Market, Revenues & Volume, By IGBT Module, 2021 - 2031 |
6.2 Global IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global IGBT & Thyristor Market, Revenues & Volume, By Low, 2021 - 2031 |
6.2.3 Global IGBT & Thyristor Market, Revenues & Volume, By Medium, 2021 - 2031 |
6.2.4 Global IGBT & Thyristor Market, Revenues & Volume, By High, 2021 - 2031 |
6.3 Global IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global IGBT & Thyristor Market, Revenues & Volume, By <400 V, 2021 - 2031 |
6.3.3 Global IGBT & Thyristor Market, Revenues & Volume, By 600“650 V, 2021 - 2031 |
6.3.4 Global IGBT & Thyristor Market, Revenues & Volume, By 1,200“1,700 V, 2021 - 2031 |
6.3.5 Global IGBT & Thyristor Market, Revenues & Volume, By 2,500“3,300 V, 2021 - 2031 |
6.3.6 Global IGBT & Thyristor Market, Revenues & Volume, By >4,500 V, 2021 - 2031 |
6.4 Global IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global IGBT & Thyristor Market, Revenues & Volume, By Power Transmission Systems, 2021 - 2031 |
6.4.3 Global IGBT & Thyristor Market, Revenues & Volume, By Renewable Energy, 2021 - 2031 |
6.4.4 Global IGBT & Thyristor Market, Revenues & Volume, By Rail Traction Systems, 2021 - 2031 |
6.4.5 Global IGBT & Thyristor Market, Revenues & Volume, By Uninterrupted Power Supply, 2021 - 2031 |
6.4.6 Global IGBT & Thyristor Market, Revenues & Volume, By Electric Vehicles and Hybrid Electric Vehicles, 2021 - 2031 |
6.4.7 Global IGBT & Thyristor Market, Revenues & Volume, By Motor Drives, 2021 - 2031 |
7 North America IGBT & Thyristor Market, Overview & Analysis |
7.1 North America IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
7.2 North America IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
7.4 North America IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
7.5 North America IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
7.6 North America IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) IGBT & Thyristor Market, Overview & Analysis |
8.1 Latin America (LATAM) IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
8.4 Latin America (LATAM) IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
8.5 Latin America (LATAM) IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
8.6 Latin America (LATAM) IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia IGBT & Thyristor Market, Overview & Analysis |
9.1 Asia IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
9.4 Asia IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
9.5 Asia IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
9.6 Asia IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa IGBT & Thyristor Market, Overview & Analysis |
10.1 Africa IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
10.4 Africa IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
10.5 Africa IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
10.6 Africa IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe IGBT & Thyristor Market, Overview & Analysis |
11.1 Europe IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
11.4 Europe IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
11.5 Europe IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
11.6 Europe IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East IGBT & Thyristor Market, Overview & Analysis |
12.1 Middle East IGBT & Thyristor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East IGBT & Thyristor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey IGBT & Thyristor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East IGBT & Thyristor Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
12.4 Middle East IGBT & Thyristor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
12.5 Middle East IGBT & Thyristor Market, Revenues & Volume, By Voltage, 2021 - 2031 |
12.6 Middle East IGBT & Thyristor Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global IGBT & Thyristor Market Key Performance Indicators |
14 Global IGBT & Thyristor Market - Export/Import By Countries Assessment |
15 Global IGBT & Thyristor Market - Opportunity Assessment |
15.1 Global IGBT & Thyristor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global IGBT & Thyristor Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
15.3 Global IGBT & Thyristor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
15.4 Global IGBT & Thyristor Market Opportunity Assessment, By Voltage, 2021 & 2031F |
15.5 Global IGBT & Thyristor Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global IGBT & Thyristor Market - Competitive Landscape |
16.1 Global IGBT & Thyristor Market Revenue Share, By Companies, 2024 |
16.2 Global IGBT & Thyristor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |