Initiatives of governments across various
countries toward the replacement of aging power infrastructure and the adoption
of electric motors in industrial, commercial, and residential applications are
major factors driving the growth of the IGBT and thyristor market. Increasing adoption of renewable energy
sources is expected to act as an opportunity for the manufacturers of IGBT and
thyristors.
Which
are the major applications of IGBTs and thyristors? How huge is the opportunity
for their growth in the next five years?
Electric vehicles & hybrid electric
vehicles, power transmission systems, and renewable energy are major
applications of IGBTs. These are expected to open new revenue pockets for the
IGBT market, which will lead to market opportunity of USD 6.6 billion. While
power transmission systems, and motor controllers are major applications of
thyristors. These are expected to open new revenue pockets for the thyristor
market, which will lead to market opportunity of USD 849 million.
Who
are the leading vendors operating in this market?
A few major players in the IGBT and thyristor
market include Infineon Technologies AG (Germany), Fuji Electric Co., Ltd.
(Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan),
STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan),
Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany),
Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan).
Which
region is expected to witness significant demand for IGBT & thyristor in
the coming years?
APAC is the highest growing region for this
market. This growth can be attributed to the increasing sales of electric and
hybrid electric vehicles in APAC countries. China, Japan, South Korea, and
India are the major markets for EVs/HEVs in APAC. Moreover, increasing number
of HVDC and FACTS projects in the region has contributed to the growth of this
market.
Which
are the key strategies adopted by leading companies in the sound reinforcement
market?
Product launches were among the key strategies
adopted by major players operating in the IGBT and thyristor market. Other
strategies adopted by players to grow in the IGBT and thyristor market were
partnerships, collaborations, contracts, agreements, acquisitions, and
expansions.
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the “Growth Engagement Model – GEM”. The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write “Attack, avoid and defend” strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
“Knowledgestore” connects over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact:
Mr.
Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
