Integrated gate commutated thyristor (IGCT) market Size, Share, Growth, and Industry Analysis, By Grade (Asymmetric IGCT, Reverse Blocking IGCT, Reverse Conducting IGCT, Integrated Gate Commutated Thyristor (IGCT)), By Application (Drive, Traction, Converter and Others), and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

Integrated gate commutated thyristor (IGCT) market Report Overview

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The global integrated gate commutated thyristor (IGCT) market size was USD 13 million in 2022. As per our research, the market is expected to reach USD 17 million by 2028, exhibiting a CAGR of 4.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the integrated gate commutated thyristor (IGCT) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

An integrated gate commutated thyristor (IGCT) is a type of power semiconductor device that can switch electric current on and off by using a gate signal. It is similar to a gate turn-off (GTO) thyristor, but it has a faster switching speed and a lower conduction loss.

 It is used for various industrial applications that require high voltage, high current, and high frequency control, such as motor drives, power transmission, and power conversion12. An IGCT has three layers of alternating P and N type semiconductor materials, forming a P-N-P or N-P-N structure.  

COVID-19 Impact: Pandemic Decreased the Market Demand owing to Disrupted Global Economy

The COVID-19 pandemic has had a significant impact on the integrated gate commutated thyristor (IGCT) market share. The COVID-19 pandemic has disrupted the global economy and affected many industries, including the IGCT market. The lockdown measures imposed by various governments have resulted in reduced industrial activities, lower demand for electricity, and supply chain disruptions. These factors have negatively impacted the production and consumption of IGCTs in 2020 and 2021. Moreover, the pandemic has also delayed some projects and investments related to renewable energy sources, hybrid vehicles, and power grid infrastructure, which are potential applications for IGCTs. However, the IGCT market is expected to recover gradually as the situation improves and the demand for power electronics increases.

Latest Trends

"High-Power Technology Platform by ABB is expected to Fuel the Growth in the Market"

One of the recent trends in the IGCT market is the development of high-power technology (HPT) platform by ABB, which is a leading provider of power and automation technologies. The HPT platform is a modular and scalable solution for high-power applications using integrated gate commutated thyristor (IGCT). The HPT platform offers improved performance, reliability, and flexibility for various applications such as HVDC transmission, STATCOM, SVC, and FACTS. The HPT platform consists of four main components: the IGCT module, the gate unit, the snubber module, and the cooling system. The IGCT module is the core component that contains the integrated gate commutated thyristor (IGCT) device, the gate drive circuit, and the protection circuit. The gate unit is the interface between the IGCT module and the control system. The snubber module is the auxiliary circuit that reduces the voltage and current stresses on the IGCT device during switching. The cooling system is the heat removal system that maintains the optimal temperature of the integrated gate commutated thyristor (IGCT) device. The HPT platform can be customized according to the customer’s requirements and specifications. The HPT platform can also be integrated with other ABB products such as transformers, reactors, capacitors, and filters to provide a complete power electronic solution.

Integrated gate commutated thyristor (IGCT) market Segmentation

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• By Grade Analysis

According to type, the market can be segmented into Asymmetric IGCT, Reverse Blocking IGCT, Reverse Conducting IGCT, Integrated Gate Commutated Thyristor (IGCT).

• By Application Analysis

Based on age, the market can be divided into Drive, Traction, Converter and Others.

Driving Factors

"Increasing Usage of Power Electronics in Renewable Energy Sources to Foster the Market Growth"

One of the driving factors for the IGCT market is the increasing usage of power electronics in renewable energy sources such as wind, solar, hydro, and biomass. Power electronics are essential for converting the variable and intermittent output of renewable energy sources into stable and controllable power that can be fed into the grid or used for local consumption. Power electronics also enable the optimization of the power quality, efficiency, and reliability of renewable energy systems. IGCTs are one of the key power semiconductor devices that are used for power conversion and control in renewable energy sources. Integrated gate commutated thyristor (IGCT) can handle high currents and voltages with low conduction losses and fast switching speeds. IGCTs can also operate in harsh environments and withstand high temperatures and pressures. IGCTs are widely used in wind turbines, solar inverters, hydro generators, and biomass converters to regulate the power flow and improve the performance of these systems.

"Adoption of IGCTs in Hybrid Electric Vehicles to Result in the Expansion of the Market"

Another driving factor for the IGCT market is the adoption of IGCTs in hybrid electric vehicles (HEVs), which are vehicles that combine an internal combustion engine with an electric motor and a battery. HEVs offer several advantages over conventional vehicles such as lower fuel consumption, lower emissions, higher efficiency, and better performance. HEVs require power electronics to manage the power flow between the engine, the motor, and the battery. Power electronics also enable various functions such as regenerative braking, start-stop system, torque assist, and electric boost. IGCTs are one of the preferred power semiconductor devices for HEVs because they can reduce conduction losses and switching losses in HEVs. IGCTs can also enable bidirectional power flow between the battery and the motor, which can increase the battery life and reduce the charging time. Mitsubishi Electric is one of the leading manufacturers of power semiconductors that has developed a new type of reverse blocking IGCT (RB-IGCT) that can be used in HEVs.

Restraining Factors

"Bulky Structure of Thyristors to Hamper the Market Growth"

One of the restraining factors for the IGCT market is the bulky structure of thyristors, which are a family of power semiconductor devices that include IGCTs. Thyristors have a larger size and weight than other power semiconductor devices such as IGBTs and GTOs. Thyristors also require more complex cooling systems and protection circuits than other devices. These factors limit the application scope and flexibility of thyristors in some sectors such as consumer electronics, aerospace, and defense.

Integrated gate commutated thyristor (IGCT) market Regional Insights

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"Asia Pacific to lead the market owing to Rapid Industrialization and Urbanization"

The Asia Pacific region has shown the highest integrated gate commutated thyristor (IGCT) market growth.  The rapid industrialization and urbanization in countries such as China, India, Japan, and South Korea, which have increased the demand for power electronics in various sectors such as transportation, manufacturing, and communication. The growing adoption of renewable energy sources such as wind and solar power in these countries, which require power converters and inverters using IGCTs to connect to the grid and optimize the power quality.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• ABB(Sweden and Switzerland)
• Infineon Technologies(Germany)
• Mitsubishi Electric(Japan)
• Tianjin Century Electronics(China)
• CSR Zhuzhou Institute Co, Ltd. (CRRC)(China)
• General Electric(United States)
• Xiamen Hidins Technology Co. Ltd.(China)
• Jiangyin City Saiying Electron Co. Ltd.(China)
• AmePower(United States)
• Shenzhen CTW Semiconductor Co.(China)

Report Coverage

This report examines an understanding of the integrated gate commutated thyristor (IGCT) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.