Global IGCT Market 2017-2021

Overview of the global IGCT market

This market research analysis identifies the increasing demand for power electronic devices as one of the primary growth factors for the integrated gate commutated thyristor (IGCT) market. Power ICs or integrated circuits are primarily used for high-frequency range, high power amplification, and microwave radiation applications in fields such as industrial, ICT, and aerospace and defense applications. The increasing demand for power electronic devices has reduced their size, weight, and cost and has also improved their dynamic performance. The size is regulated by passive components such as inductors and capacitors. IGCT technology offers various advantages such as low cost, low complexity, and high efficiency. Operating the power converters at significantly higher switching frequencies by tackling the loss, efficiency, and control challenges, proves to be highly advantageous for the organizations. According to our industry research experts, the IGCT market will grow steadily at a CAGR of more than 6% by 2021.

The availability of next generation of IGCT with high power technology is identified as one of the key trends behind the growth of the IGCT market. The invention of the high-power technology (HPT) platform is significantly capable of improving the performance of the IGCT service-oriented architecture (SOA) while providing an assisting platform for future development trends. HPT increases the maximum turn-off current to integrate an advanced corrugated p-base design compared with a standard uniform p-base junction.

Competitive landscape and key vendors

The IGCT market is characterized by the presence of three key players who monopolize the market. The growth of the vendors in this market is influenced by the change in government in the US and the introduction of new economic policies. The entry of new players into the IGCT switches market is tough since the existing players are specialized in the product and the market.

The leading vendors in the market are -

• ABB
• Infineon technologies
• Mitsubishi Electric

The other prominent vendors in the market are ON Semiconductor and Tianjin Century Electronics.

Segmentation by application and analysis of the IGCT market

• Converters
• Industrial drives

IGCTs are mainly used as converters in several consumer electronic devices and as components of DC power supply systems and high-voltage direct current power transmission systems. These converters adjust the generator frequency and voltage according to the grid in wind power converters.

Geographical segmentation and analysis of the IGCT market

• Americas
• APAC
• EMEA

APAC will be the major revenue contributor to the IGCT market. This is mainly due to the increase in number of electric vehicles and industry systems using power electronics, and the high range of renewable resources. This region provides several benefits to the manufacturers such as lower manufacturing costs and attractive investment conditions. Additionally, this region also avails renewable energy as a viable means of generating energy in the IGCT switches market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global IGCT market?
• What are the key market trends impacting the growth of the global IGCT market?
• What are the challenges to market growth?
• Who are the key vendors in the global IGCT market?
• What are the market opportunities and threats faced by the vendors in the global IGCT market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global IGCT market?

Technavio also offers customization on reports based on specific client requirement.

The integrated gate-commutated thyristor (IGCT) is a type of power semiconductor electronic device, which can be turned on or off using a gate signal. It is used for switching electrical current in industrial equipment and can withstand high voltages. To help clients gain a broad overview of the hardware and semiconductor industry, Technavio provides a diverse collection of research reports from similar markets such as semiconductor equipment, computing devices, and human-machine interface. The upcoming research report on the global IGCT market comprises of market size, growth potential, and new technological developments to give clients required inputs in their strategic decision-making process.

Research analyst at Technavio carry out extensive primary and secondary research and analyze data from vendors, manufacturers, developers, users, and other key stakeholders. The upcoming research report on the global IGCT market also considers the growth of similar markets such as the global supercapacitor market and the global phase change memory market, which are expected to grow at a CAGR of 9% and 84%, respectively, for the forecast period of 2017 to 2021. Currently, IGCT devices are marching for higher power applications to increase efficiency.

The upcoming research report on the global IGCT market also explores the upcoming application of the product along with market landscaping, competitive landscaping, and opportunities and challenges faced by the industry. The report also considers the growth of similar industries such as displays, sensors, and lighting.