Insulated Gate Bipolar Transistors (IGBTs) and Thyristors Market to Reach $15.6 Billion by 2035

Insulated gate bipolar transistors (IGBTs) and thyristors market is projected to expand at a compound annual growth rate (CAGR) of 4.8% from 2026 to 2035, with the market value estimated at $9.8 billion in 2025 and projected to reach $15.6 billion by 2035. IGBTs and thyristors are power semiconductor devices used to control and convert electrical energy in applications requiring efficient switching, high-voltage operation, and reliable power management. IGBTs are commonly used in inverters, motor drives, and industrial power-conversion equipment, while thyristors support high-power applications such as power transmission and industrial control systems. Demand is supported by the expansion of renewable energy infrastructure, electrification, industrial automation, and the need for efficient electricity conversion. Renewable energy deployment is an important driver for the market because solar and wind installations require power-conversion systems to manage electricity generated in direct-current and alternating-current forms. According to the International Renewable Energy Agency (IRENA), global renewable power capacity reached 5,149 gigawatts in 2025, following the addition of 692 GW during the year. This expansion increases the need for power electronics in renewable generation, grid integration, energy storage, and transmission infrastructure. IGBTs and thyristors can support these systems through switching and power-control functions, although device selection depends on voltage, current, efficiency, and system design requirements.

Browse the full report description of “Insulated Gate Bipolar Transistors (IGBTs) and Thyristors Market Size, Share & Trends Analysis Report by Packaging Type (Discrete and Module), by Voltage (Low Voltage IGBTs, Medium Voltage IGBTs, and High Voltage IGBTs), and by Application (Power Transmission Systems, Renewable Energy, Rail Traction Systems, Uninterruptible Power Supply (UPS), and Others (Electric and Hybrid Electric Vehicles)) Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/igbts-and-thyristors-market

Electric mobility is another application supporting demand for power semiconductor devices. The International Energy Agency (IEA) reported that global electric car sales exceeded 20 million in 2025, representing approximately one-quarter of new car sales worldwide. Electric and hybrid-electric vehicles use power electronics in systems such as traction drives, auxiliary equipment, and energy conversion. IGBTs remain relevant in selected vehicle powertrain and auxiliary applications, while device adoption varies according to vehicle architecture, voltage requirements, switching frequency, and the use of alternative technologies such as silicon carbide. Growth in electric mobility therefore contributes to demand for power semiconductor technologies while encouraging manufacturers to improve efficiency, thermal performance, and reliability.

IGBT and Thyristor Modules: A Key Packaging Segment

IGBT and thyristor modules represent an important packaging category because they integrate power semiconductor components into packaged assemblies designed for use in power-conversion equipment. Compared with individual discrete devices, modules can simplify the integration of power components into inverter and industrial system designs. Their specifications depend on factors such as current-carrying capability, voltage rating, thermal management, insulation, switching performance, and operating environment. Module configurations are used in applications including renewable energy conversion, industrial drives, railway traction, and uninterruptible power supplies. Manufacturers develop different module designs to meet the electrical and mechanical requirements of these applications.

Mitsubishi Electric's official product announcements illustrate the role of IGBT modules in industrial and renewable-energy systems. In January 2025, the company announced a 1.2-kV LV100-type IGBT module for industrial applications, designed for use in solar power-generation systems and storage batteries. The product incorporates the company's eighth-generation IGBT chips and is intended to reduce inverter power losses. In its high-voltage portfolio, Mitsubishi Electric also develops modules for railway vehicles and large industrial equipment, where inverter efficiency and reliability are important operating requirements. These product applications demonstrate the relevance of module design to power-conversion systems across different voltage classes.

Recent Developments

• In September 2025, Mitsubishi Electric introduced its Compact DIPIPM series of power semiconductor modules for consumer and industrial equipment, including packaged air conditioners and heat pump systems. Using reverse-conducting IGBTs (RC-IGBTs), the modules reduce the footprint to approximately 53% of the company’s conventional Mini DIPIPM Ver.7 series, enabling more compact inverter designs and supporting energy-efficient equipment.
• In April 2025, Mitsubishi Electric announced sample shipments of its 3.3-kV, 1,500-A XB Series high-voltage IGBT module for railway vehicles and large industrial equipment, scheduled to begin May 1, 2025. The module incorporates proprietary IGBT and diode structures that reduce total switching losses by approximately 15% and improve moisture resistance, supporting inverter efficiency and reliability in demanding operating environments.
• In January 2025, Mitsubishi Electric announced sample shipments of its LV100-type 1.2-kV IGBT module for solar power-generation systems and energy storage applications, beginning February 15, 2025. Equipped with eighth-generation IGBT chips, the module reduces inverter power loss by approximately 15% under the company's specified simulation conditions and supports a current rating of 1,800 A, addressing efficiency and output requirements in renewable-energy power systems.

Market Coverage

• The market size available for 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segments Covered-
• By Packaging Type
• By Voltage
• By Application
• Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape - Infineon Technologies AG, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Hitachi Energy Ltd., and Littelfuse, Inc., among others.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Insulated Gate Bipolar Transistors (IGBTs) and Thyristors Market Report Segment

By Packaging Type

• IGBT and Thyristors Discrete
• IGBT and Thyristors Module

By Voltage

• Low Voltage IGBTs and Thyristors
• Medium Voltage IGBTs and Thyristors
• High Voltage IGBTs and Thyristors

By Application

• Power Transmission Systems
• Renewable Energy
• Rail Traction Systems
• Uninterruptible Power Supply (UPS)
• Others (Electric and Hybrid Electric Vehicles)

Insulated Gate Bipolar Transistors (IGBTs) and Thyristors Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Taiwan
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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