IGBT & Thyristor Market
Global IGBT & Thyristor Market : Growth Factors
Owing to developed technology and introduction of smart grids in the power sector , the global IGBT and thyristor market is anticipated to boost in the near future . However , increasing population and demand for huge power supply is expected to enhance the market growth . IGBT and thyristor are used as power supplies , controllers , and inverters in power electronics applications to meet the increasing demand of solid state switching devices . An increasing number of nuclear families and infrastructure is expected to fuel the market demand in future . IGBT and thyristors accommodate several advantages such as less switching times of MOSFET and minimum switching losses in order to meet current electricity demands in future .
Global IGBT & Thyristor Market : Segmentation
The global IGBT and thyristor market can be segmented on the basis of application as flexible AC transmission system ( FACTS ) and HVDC . Of which , flexible AC transmission system ( FACTS ) application is the leading segment in the market as it is used for congestion management , voltage stabilization , frequency stabilization ; maintain power flow control & stability , and others . Others application segment is further sub-segmented as EV / HEV , renewable energy , liquid level regulator , transportation , light dimmer , pressure control system , motor controls , and so on .