Integrated Gate-commutated Thyristor (IGCT) Market to Reach $17.77 Mn by 2024, Globally, at 6.9% CAGR, Says Allied Market Research

Integrated Gate-commutated Thyristor (IGCT) Market to Reach $17.77 Mn by 2024, Globally, at 6.9% CAGR, Says Allied Market Research

PR Newswire

PORTLAND, Oregon, November 23, 2018

PORTLAND, Oregon, November 23, 2018 /PRNewswire/ --

Upsurge in use of power semiconductors in hybrid vehicles and benefits of using IGCT such as higher performance at high temperature, lower cost, and lesser conduction loss than GTO and IGBT are expected to propel the growth of the market

Allied Market Research recently published a report, titled, "IGCT Market by Type (Asymmetric IGCT, Reverse Blocking IGCT, and Reverse Conducting IGCT) and Application (Drive, Traction, Converter, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2024". The report offers in-depth analyses of the global IGCT market by closely monitoring the market trends, drivers & opportunities, top investment pockets, key growth strategies, and competitive landscape. According to the report, the global IGCT market was pegged at $10.98 million in 2017 and is estimated to garner $17.77 million by 2024, registering a CAGR of 6.9% from 2018 to 2024.

     (Logo: )

Increased usage of power electronics in renewable energy sources, lower conduction loss as compared to GTO and IGBT, and better performance at high temperature drive the growth of the global IGCT market. However, bulky structure of thyristor and complex manufacturing process hamper the market growth. On the other hand, increasing use of power semiconductor devices in hybrid vehicles and invention of high-power technology (HPT) platform are expected to create lucrative opportunities for the market players in the coming years.

Request Sample Report at:

Reverse blocking IGCTs segment to grow the fastest through 2024 

The reverse blocking IGCTs segment is expected to register the fastest CAGR of 8.5% during the study period, owing to benefits of reverse blocking IGCTs in CSI over GTO or thyristor solutions such as high inverter ratings and switching frequency. However, the asymmetric IGCTs segment held the largest market share in 2017, contributing about two-thirds of the total revenue. This is owing to the growing need for higher frequency operation in motor drives and energy management systems along with burgeoning demand for high average current in circuit breakers. In addition, the reverse conducting IGCTs segment is expected to witness gradual growth during the study period.

Converters segment to witness the fastest CAGR by 2024 

The converters segment is estimated to manifest the fastest 9% CAGR from 2018 to 2024 due to their ability to offer a power rating of up to 15 MVA without the need of series or parallel connection of power semiconductor devices alongside ensuring that the part count is minimum. However, the drives segment held the largest share in 2017, contributing about 35% of the total revenue. It is expected to dominate the market throughout the study period, owing to the fact that drives produce greater power output than smaller, numerous low-voltage (LV) drives and ensure better control of large, multi-megawatt electric motors that are used in mines, power stations, and metal processing plants. The traction segment would grow at a steady rate during the forecast period.

For Purchase Enquiry:

LAMEA region to portray fastest growth through 2024 

Latin America, Middle East and Africa (LAMEA) region is expected to manifest the fastest CAGR of 9.6% during the study period, as the region has witnessed huge opportunities in wind and solar power generation coupled with increase in population in the Middle East, which in turn has fueled the need for electricity due to rapid urbanization and high disposable income. However, Asia-Pacific region held the highest share in 2017, reaping about one-third of the total revenue, owing to rise in power demand in developing countries such as India and China. The other regions analyzed in the report include North America and Europe.

Torchbearers in the market 

The key market players analyzed in the report, include ABB, Mitsubishi Electric Corporation, CSR Zhuzhou Institute Co, Ltd. (CRRC), Xiamen Hidins Technology Co. Ltd., AmePower, Inc., Infineon Technologies, Tianjin Century Electronics, General Electric, Jiangyin City Saiying Electron Co. Ltd., and Shenzhen CTW Semiconductor Co., Ltd.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at:

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

Purchase an enterprise user license and get 1 month complimentary access to our Knowledge Tree subscription. Offer valid till 15th November 2018. (*Terms and Conditions apply)

Get subscription:

Similar Reports: 

3D Printing Market - Global Opportunity Analysis and Industry Forecast, 2019 - 2025

Smart Mirror Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975


Voltar noticias em Inglês