Solution Module Segment to Dominate Europe IGBT and Thyristor Market during 2020-2027

According to a new market research study on “Europe IGBT and Thyristor Market to 2027 - Regional Analysis and Forecast by IGBT Packaging Type, IGBT Power Rating, IGBT Application, and Thyristor Application” is expected to reach US$ 2,016.5 Mn by 2027 from US$ 1,349.1 Mn in 2019. The market is estimated to grow at a CAGR of 5.4% from 2020 to 2027.The report provides trends prevailing in the Europe IGBT and Thyristor market along with the drivers and restraints pertaining to the market growth. The growth of the Europe IGBT and Thyristor market is attributed to the growing prevalence of breast cancer and increasing number of initiatives and investments pertaining to breast cancer management. However, the high cost associated with IGBT and Thyristor hinders the market growth.

The IGBT and Thyristor market, by solution, is segmented into discrete, and module. The module segment held the largest share of the Europe market in 2019; moreover, it is anticipated to register the highest CAGR of 6.1% in the market during the forecast period. The IGBT modules are used in various applications in the traction inverters and for the DC-AC stages of uninterruptible power supplies (UPS), energy storage systems, solar inverters, and motor drive applications.

ABB Ltd., INFINEON TECHNOLOGIES AG, Mitsubishi Electric Corporation, Renesas Electronics Corporation, among others are the leading companies in the IGBT and thyristor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

Europe IGBT and Thyristor Market, By Country, 2019 (%)

The report segments the Europe IGBT and Thyristor market as follows:

IGBT and Thyristor Market by IGBT Packaging Type

• IGBT Discrete
• IGBT Module

IGBT and Thyristor Market by IGBT Power Rating

• Low
• Medium
• High

IGBT and Thyristor Market by IGBT Application

• Energy & Power
• Rail Traction Systems
• Uninterrupted Power Supply
• Electric Vehicles
• Hybrid Electric Vehicles
• Consumer Electronics
• Others

IGBT and Thyristor Market by Thyristor Application

• Power Transmission Systems
• Motor Controllers
• Light Dimmers
• Pressure Control Systems
• Liquid-Level Regulators
• Others

IGBT and Thyristor Market by Country

• Germany
• France
• Italy
• United Kingdom
• Russia
• Rest of Europe