Global Insulated Gate Bipolar Transistors (IGBTs) and thyristors market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). The increasing demand for EVs/HEVs due to their energy efficiency, environmental friendliness, and affordability is contributing to industry growth. Increasing regulatory policies by various governments for protecting environments to bolster investments in the IGBTs and thyristors market. For instance, The Government of India (GOI), under the FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles)-II scheme, is providing a subsidy (INR 10,000 per kWh) to expedite the adoption of EVs, including e-3W in the cargo segment. GOI has allowed the sale of e-2Ws and e-3Ws without batteries to reduce the upfront purchase cost.
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Semiconductor devices are crucial to the electric power systems of hybrid electric vehicles (HEVs) because they provide effective energy conversion and motor control. All of these semiconductors are found in various electric or hybrid vehicle components, such as DC-DC converters, onboard chargers, and traction inverters, which transform the battery's DC power into AC power to run electric motors and serve as charge/discharge management devices.
Recent Market Developments-
In April 2023, Infineon Technologies launched the HybridPACK Drive G2, a new automotive power module that offers scalability and higher power. Available with different current ratings and voltage levels (750V and 1200V), it features next-generation chip technologies EDT3 (Si IGBT) and CoolSiC G2 MOSFET and offers a power range of up to 300 kW within the 750 V and 1200 V classes. It also provides on-chip temperature sensing for IGBT products, which enables system cost improvements.
In August 2022, Renesas Electronics Corporation launched Silicon Insulated Gate Bipolar Transistors (Si-IGBTs) AE5-generation IGBTs used in EV inverters. The silicon-based AE5 process for IGBTs achieves a 10% reduction in power losses compared to the current-generation AE4 products, power savings that will help EV developers save battery power and increase driving range. It allows manufacturers to reduce battery usage and improve their vehicles' endurance because it has a 10% reduction in power losses.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Packaging Type
o By Voltage
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Infineon Technologies AG, Mitsubishi Electric Corp., STMicroelectronics N.V., Toshiba Electronic Devices & Storage Corp., Hitachi, Ltd., and Littelfuse, Inc., among others.
Key questions addressed by the report.
Global IGBTs and Thyristors Market Report Segment
By Packaging Type
By Voltage
By Application
Global IGBTs and Thyristors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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