Integrated Gate Commutated Thyristors Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The integrated gate-commutated thyristor (IGCT is a power semiconductor electronic device, utilized for switching electric current in an industrial equipment. IGCT is associated to gate turn-off thyristor. With rising focus on military and industrial sector, the scope of IGCT is projected to rise.

MARKET DYNAMICS

The factors attributing toward the growth of the market includes rising investment in various high-power application is projected to drive the demand for IGCT, and thereby influencing the market growth. In addition to this, increase of various power electronics application into new renewable energy sources and fields of energy management is driving the demand for semiconductor requirements for higher efficiency higher frequency, and higher voltage. This factor is projected to provide ample of growth opportunities to the players operating in the integrated gate commutated thyristors market.

MARKET SCOPE

The "Global Integrated Gate Commutated Thyristors Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the integrated gate commutated thyristors market with detailed market segmentation - hardware, technology, end user, and geography. The global integrated gate commutated thyristors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading integrated gate commutated thyristors market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  Based on type, the integrated gate commutated thyristors market is segmented into asymmetric IGCT, reverse blocking IGCT, reverse conducting IGCT.

  On the basis of application, the integrated gate commutated thyristors market is segmented into drives, converter, battery energy storage systems, traction, others.

  Based on end user, the integrated gate commutated thyristors market is segmented into power transmission and distribution, military and defense, industrial, others.
IMPACT OF COVID-19 ON INTEGRATED GATE COMMUTATED THYRISTORS MARKET
The outbreak of the COVID-19 has negatively impacted the growth of integrated gate commutated thyristors market. The pandemic has caused huge impact on integrated gate commutated thyristors, due to closure of manufacturing plants and halt in manufacturing activities in different corners of the world. With closure of manufacturing plants, the supply of raw materials & components used in the integrated gate commutated thyristors got disturbed.
On the contrary, with business getting resumed, semiconductor manufcaturing business in Asian economies is picking up its pace gradually and is coming back to business once again. Countries such as China, India, Taiwan, South Korea are hub for semiconductor manufacturing and recommence in their business of semiconductor of higher realibility will positively boos the market growth.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global integrated gate commutated thyristors market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SAM). The integrated gate commutated thyristors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the integrated gate commutated thyristors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the integrated gate commutated thyristors in these regions.

MARKET PLAYERS

The reports cover key developments in the integrated gate commutated thyristors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from integrated gate commutated thyristors market are anticipated to lucrative growth opportunities in the future with the rising demand for integrated gate commutated thyristors in the global market. Below mentioned is the list of few companies engaged in the integrated gate commutated thyristors market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the integrated gate commutated thyristors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB Ltd.
  
•   CSR Zhuzhou Institute Co, Ltd.
  
•   General Electric Company
  
•   Infineon Technologies AG
  
•   Jiangyin Saiying electron Co.,Ltd
  
•   Mitsubishi Electric Corporation
  
•   ON Semiconductor Corporation
  
•   Sun.King Technology Group Limited
  
•   Tianjin Century Electronics Co., Ltd.
  
•   Xiamen Hidins Technology
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Integrated Gate Commutated Thyristors Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Asymmetric IGCT Reverse blocking IGCT Reverse conducting IGCT By Application Drives Converter Battery energy storage systems Traction By End Use Power transmission and distribution Military and defense Industrial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd. CSR Zhuzhou Institute Co, Ltd. General Electric Company Infineon Technologies AG Jiangyin Saiying electron Co.,Ltd Mitsubishi Electric Corporation ON Semiconductor Corporation Sun.King Technology Group Limited Tianjin Century Electronics Co., Ltd.