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.