The global IGBT market by Application is estimated to grow at a CAGR of 13.92% from 2013 to 2018. On the other hand, global thyristor market by Application is estimated to grow at a CAGR of 9.52% from 2013 to 2018, which includes in-depth analysis of application and geography.
Dallas, TX -- (SBWIRE) -- 03/12/2014 -- According to the new market research report “IGBT and Thyristor Market by Application (Power, Renewable Energy, Motor Drives and Others) and by Geography (North America, Europe, APAC and ROW) - Analysis and Forecast 2013 - 2018.
Browse 53 market data tables and 48 figures spread through 185 pages and in-depth TOC on “IGBT and Thyristor Market”
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The Global IGBT and Thyristor Market by application is in its growth stage, however, it contains a great potential across many industry verticals. The IGBT is gaining attention due to lower switching losses that reduces thermal stress on the electric devices and leads to longer life cycle and greater reliability. The highlighting features like high efficiency, external thermal performance and soft switching operations have made IGBT the best suited device in electronic market. The aging power infrastructure in developed geographical regions demands replacement, increasing number of offshore wind farm, increase in the government incentivization to establish HVDC grid. De-carbonization of power system and deployment of smart grid will boost IGBT and Thyristor market which would be the captivating essentials for new entrants as well as winning opportunities for the established players.
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For developed economies like Europe, the main focus is on upgrading and replacing the existing power infrastructure and to integrate the renewable energy sources, such as wind power and solar energy in the power grids clean environment. The biggest challenge in North America is its aging power infrastructure which needs to be replaced or upgraded but the cost of building new transmission lines is very high. The power failure resulting in blackouts in August 2003 motivated the power industry to develop efficient, reliable, and technically advanced transmission systems to avoid further incidences. Further, the power generation and transmission from renewable energy also support the demand of HVDC grid in the region. Interconnection among the neighboring grids and connection with offshore wind farms and solar plants will drive the American HVDC grid market.
The IGBT and Thyristor market is still in its growth stage and is witnessing enormous patent filings and developments. All the big electronic companies are conducting extensive research and development activities to get the first mover advantage. Small companies in the ecosystem are doing a flourishing business to stay in the competition for the long-term business. The IGBT and thyristor industry is witnessing a binge of new product developments, mergers & collaborations, expansions, and other activities in the research and development field.
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The Global IGBT and Thyristor market by application is divided on the basis of powerful applications and other major applications. Power applications of global IGBT and Thyristor market are further divided by Power Rating (For HVDC) and By Compensation Type (for FACTS). The power rating section can again be divided into power below 500 MW, 500-999 MW, 1000-2000 MW and above 2000 MW. The compensation segment of the FACTS application can be divided into: Shunt Compensation, Series Compensation and Combined Series and Shunt Compensation. The global IGBT &Thyristor geography, market can be divided into North America (U.S., Canada and others), Europe (U.K., Germany and others), the Asia Pacific (China, Japan, South Korea, India and others) and Rest of the World (Russia and others) with in-depth analysis of their market share and key player distribution in the ecosystem.
The report, based on this research study, by MarketsandMarkets, presents a detailed insight on the current IGBT and Thyristor industry, and identifies key trends of various segments of the market with in-depth quantitative and qualitative information. The report also identifies the drivers, restraints, opportunities, current market trends, winning imperatives, and burning issues of the Global IGBT and Thyristor market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type along with qualitative analysis, such as the Porter’s five force analysis, market timeline analysis, industry breakdown analysis and value chain analysis.
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