Integrated Gate-Commutated Thyristors (IGCT) Market Report: Trends, Forecast and Competitive Analysis to 2030

Integrated Gate-Commutated Thyristors (IGCT) Market Report: Trends, Forecast and Competitive Analysis to 2030

Integrated Gate-Commutated Thyristors (IGCT) Trends and Forecast

The future of the global integrated gate-commutated thyristors (IGCT) market looks promising with opportunities in the Tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and Dc traction line boosters markets. The global integrated gate-commutated thyristors (IGCT) market is expected to grow with a CAGR of 8.0% from 2024 to 2030. The major drivers for this market are high adoption of IGCT in high power applications, high demand for HVDC transmission, and high adaption for industrial application.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Integrated Gate-Commutated Thyristors (IGCT) by Segment

The study includes a forecast for the global integrated gate-commutated thyristors (IGCT) by type, end use industry, application, and region.

Integrated Gate-Commutated Thyristors (IGCT) Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Asymmetric IGCT
• Reverse Blocking IGCT
• Reverse Conducting IGCT

Integrated Gate-Commutated Thyristors (IGCT) Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Power Transmission and Distribution
• Industrial

Integrated Gate-Commutated Thyristors (IGCT) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Tmedium Voltage Drives
• Marine Drives
• Wind Power Converters
• Dynamic Voltage Restorer
• Battery Energy Storage Systems
• Traction Power Compensators
• Solid State Breakers
• Dc Traction Line Boosters

Integrated Gate-Commutated Thyristors (IGCT) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Integrated Gate-Commutated Thyristors (IGCT) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies integrated gate-commutated thyristors (IGCT) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the integrated gate-commutated thyristors (IGCT) companies profiled in this report include-

• ABB
• Infineon Technologies
• Mitsubishi
• On Semiconductor
• Tianjin Century

Integrated Gate-Commutated Thyristors (IGCT) Market Insights

Lucintel forecasts that reverse conducting IGCT is expected to witness highest growth over the forecast period due to high need for blocking reverse voltage.

Within this market, solid state breakers will remain the largest segment due to fast switching speed, compact size and lightweight.

APAC is expected to witness highest growth over the forecast period due to presence of major manufacturers.

Features of the Global Integrated Gate-Commutated Thyristors (IGCT) Market

Market Size Estimates: Integrated gate-commutated thyristors (IGCT) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Integrated gate-commutated thyristors (IGCT) market size by type, end use industry, application, and region in terms of value ($B).

Regional Analysis: Integrated gate-commutated thyristors (IGCT) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use industry, application, and regions for the integrated gate-commutated thyristors (IGCT) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the integrated gate-commutated thyristors (IGCT) market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the integrated gate-commutated thyristors (IGCT) market size?

Answer: The global integrated gate-commutated thyristors (IGCT) market is expected to reach an estimated $xxx billion by 2030.

Q.2 What is the growth forecast for integrated gate-commutated thyristors (IGCT) market?

Answer: The global integrated gate-commutated thyristors (IGCT) market is expected to grow with a CAGR of 8.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the integrated gate-commutated thyristors (IGCT) market?

Answer: The major drivers for this market are high adoption of IGCT in high power applications, high demand for HVDC transmission and high adaption for industrial application.

Q4. What are the major segments for integrated gate-commutated thyristors (IGCT) market?

Answer: The future of the global integrated gate-commutated thyristors (IGCT) market looks promising with opportunities in the Tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and Dc traction line boosters markets

Q5. Who are the key integrated gate-commutated thyristors (IGCT) market companies?

Answer: Some of the key integrated gate-commutated thyristors (IGCT) companies are as follows:

• ABB
• Infineon Technologies
• Mitsubishi
• On Semiconductor
• Tianjin Century

Q6. Which integrated gate-commutated thyristors (IGCT) market segment will be the largest in future?

Answer: Lucintel forecasts that reverse conducting IGCT is expected to witness highest growth over the forecast period due to high need for blocking reverse voltage.

Q7. In integrated gate-commutated thyristors (IGCT) market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to presence of major manufacturers.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the integrated gate-commutated thyristors (IGCT) market by type (asymmetric IGCT, reverse blocking IGCT, and reverse conducting IGCT), end use industry (power transmission and distribution and industrial), application (tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and dc traction line boosters), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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