Integrated Gate-Commutated Thyristors (IGCT) in Australia Trends and Forecast
The future of the integrated gate-commutated thyristors (IGCT) market in Australia looks promising with opportunities in the Tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and DC traction line boosters markets. The global integrated gate-commutated thyristors (IGCT) market is expected to grow with a CAGR of 8.0% from 2025 to 2031. The integrated gate-commutated thyristors (IGCT) market in Australia is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the high adoption of IGCT in high-power applications, high demand for HVDC transmission, and high adaption for industrial applications.
• Lucintel forecasts that, within the type category, reverse conducting IGCT is expected to witness the highest growth over the forecast period due to the high need for blocking reverse voltage.
• Within the application category, solid state breakers will remain the largest segment due to fast switching speed, compact size, and lightweight.
Emerging Trends in the Integrated Gate-Commutated Thyristors (IGCT) Market in Australia
Power electronic systems are crucial in the Australian market as it consists of various essential industries including renewable energy, public transport, and industrial automation. Consequently, this allows the industry dealing with the integrated gate-commutated thyristor (IGCT) to flourish. As IGCTs are key components for large electricity systems and enhance power in electricity systems, their demand increases tremendously. The upsurge in the utilization of renewable energy resources, combined with electric vehicles, has fostered the development of smart grids. As a result, the IGCT industry has drastically developed to meet the demand for advanced ways to control power, thus enabling automatic energy management technology.
• Smart grids and power distribution: Australia is investing heavily in smart grid infrastructure development, which relies on sophisticated power control units such as IGCTs. The devices improve the electricity distribution management functions further, leading to enhanced reliability of the grid, minimization of energy losses, and greater efficiency of the power systems as a whole.
• Industrial automation and power control: Australia has an industrial base that is progressively embracing automation, which demands sophisticated power control systems. In Australia, the use of IGCTs in large motor drives and other high-power applications helps improve energy and operational efficiency in manufacturing and process plants.
• Technological advancements in IGCTs: Research and development on IGCTs enables advanced features like increased circuitry integration, switching speed, and thermal performance, making them easier to rely upon. The ability to miniaturize power electronic systems has increased the application of such devices in many high-power industries.
The new development trends in the Australian market for IGCTs are changing the paradigm of the country’s energy production, distribution, and consumption. About the growing demand for renewable energy, electric vehicles, and industrial automation, IGCTs are becoming one of the key elements of Australia’s new energy economy.
Recent Developments in the Integrated Gate-Commutated Thyristors (IGCT) Market in Australia
New trends in the Australian IGCT market appear to emerge from progress in electronic power systems and higher expenditure or investment in renewable energy, electric vehicles, and smart grid technologies. Such trends are increasing the scope and usefulness of IGCTs, making them essential for high-performance, high-efficiency, and industry-specific systems.
• Investment in renewable sources of electricity: The Australian government’s overarching investment strategy has increased the demand for cleaner energy sources to replace fossil fuels such as coal. Solar and wind projects targeting the use of IGCTs have increased. Solar inverters and wind turbine-based electricity generating systems need IGCTs for effective power conversion and grid integration.
• Increasing demand for electric cars: The growing popularity of electric vehicles is increasing the need for better energy management systems. In Australia, IGCTs are used in EV charging stations and onboard power inverter systems due to their capability to perform high-voltage power conversion. They are therefore important for EV infrastructure development in Australia.
• Smart grid development: Australia is keen on modernizing its power grid infrastructure, which, in turn, increases the demand for IGCTs. These devices are critical for power management and maintaining grid stability in shifting energetic conditions, especially with the growing use of renewables.
• Industrial automation: There has been an increase in automated industries in Australia, which has also increased the demand for power control IGCTs. This technology is now commonplace in large industrial machines like drills, motors, and drives to increase energy effectiveness and overall productivity.
• Advances in IGCT technology: Improvements in IGCT technology are resulting in more efficient devices that have better thermal and reliability characteristics. These diagnostic advancements are expanding the industrial scope of IGCTs to more varied and stringent conditions.
The latest trends in the Australian IGCT market indicate the rising strategic role of IGCTs in Australia’s transition toward renewables, electric cars, and advanced industrial automation. These shifts show that IGCT technology is paramount to delivering on the promise of energy conservation and sustainable development.
Strategic Growth Opportunities for Integrated Gate-Commutated Thyristors (IGCT) Market in Australia
In Australia, the high demand for power-efficient energy solutions makes it easier to grow in the ongoing IGCT market as investors focus more on renewable energy, electric vehicles, and automation industries. As a result, there will be ample opportunities for businesses to capitalize on these growing products as the market begins to expand.
• Renewable energy power conversion: Australia’s increase in renewable energy capacity brings the possibility of using IGCTs in solar inverters and wind turbines. National Grid proposals can be used for the PPC IGCT’s high-power conversion system, thereby providing these green projects with the ability to efficiently manage power conversions.
• Electric vehicle infrastructure: The expansion of the electric car market in Australia means there will be an increased demand for power electronics in EV charging stations and car power conversion systems. Because of the IGCT’s power management system, there are plenty of opportunities to expand within the market.
• Smart grid implementation: The development of the smart grid infrastructure in Australia provides a considerable opportunity for the manufacturers of IGCTs. The operation of smart grids depends on sophisticated elements for control of electric power, such as IGCTs. These IGCTs facilitate the management of electricity allocation, grid stability, and enhance reliability, thus positioning these devices at the heart of developing advanced energy networks.
• Industrial power control systems: There is a strong demand for IGCTs in motor drives and large industrial power control systems with the increased focus of the industrial sector on automation and energy-saving. The use of IGCTs enhances energy management in manufacturing processes, enabling more efficient operations and opening up new avenues for the market.
• Energy storage systems: With the enhanced focus on energy storage, especially with their integration with renewable energy systems, the management of high energy requirements from storage devices is now being handled through IGCTs. These devices are crucial in enhancing the effectiveness and dependability of energy storage systems, offering new horizons in this fast-growing field.
Some of the broad areas that offer strategic growth opportunities in the IGCT market in Australia include renewable energy sources, electric mobility, smart grids, industrial automation, and energy storage. Australia is expected to increase its investments in these areas, which will subsequently increase the need for IGCTs, resulting in greater market growth and innovation.
Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Driver and Challenges
In Australia, the integrated gate-commutated thyristors market growth is driven by multiple advancements in technology, economics, and regulation. However, challenges such as high manufacturing costs, integration complexities, and regulatory hurdles remain. These drivers and challenges are important to note for any stakeholder looking to understand the changing market environment.
The factors responsible for driving the integrated gate-commutated thyristors (IGCT) market in Australia include:
• Transition toward renewable resources: The shift toward renewable resources has been a primary driver for the IGCT market. As more solar and wind-powered plants are built across Australia, more thyristors will be needed for primary energy-type conversion as well as grid integration and energy stabilizing.
• Use of electric vehicles: Globally, there is a rise in spending on electric vehicles, which has simultaneously increased the availability of charging stations. The ability to rapidly control power in the EV batteries, as well as within the vehicle power systems, is essential. In these applications, IGCTs are central, thus increasing the demand in the automotive industry.
• Other: Other advancements in IGCT technology include more powerful switching abilities and better thermal performance. Such advancements appeal to engineers and increase market demand, thus broadening integration across industries.
• The Australian government supports the implementation of smart grids. Australia’s investment in smart grids is increasing the need for IGCTs. Advanced grid control technologies are needed to balance grid management and efficiency maintenance, and IGCTs are integral to providing sufficient power control systems.
• Increased power system performance and cost-efficiency flexibility: The emphasis on improved energy management and system efficiency in sectors such as manufacturing necessitates the increase in the implementation of IGCT systems. These devices make the operation of large power systems much more efficient, eliminating energy loss and improving the system’s overall effectiveness.
Challenges in the integrated gate-commutated thyristors (IGCT) market in Australia are:
• Complex and expensive development processes: The complexity of processes and the costs of materials for IGCTs make bulk production of these devices very expensive. This can restrict acceptance, especially for cost-sensitive applications where alternatives with lower costs are more attractive.
• IGCT incorporation in modern power systems: Incorporating IGCTs in existing operational power systems, especially in traditional industries, can be problematic. The integration obstacles, as well as the need for specific expertise to employ IGCTs, may delay the adoption of these devices in these fields.
• Adherence to standards and regulations: Manufacturers of IGCTs must capture safety, energy efficiency, and environmental regulations as the market grows. Weaving the development and deployment of IGCT solutions with the myriad of local and international regulations is a significant challenge.
Australia’s drive behind the IGCT market is the efficient power conversion in renewable resources, electric cars, and smart multi-grids. The market is spatially unbounded, but the high cost of manufacturing, integration difficulties, and regulatory restraints provide an addressable gap. The ever-evolving technological capabilities and government initiatives for green energy and smart grids provide ample opportunities in this region.
List of Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, integrated gate-commutated thyristors (IGCT) companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the integrated gate-commutated thyristors (IGCT) companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Integrated Gate-Commutated Thyristors (IGCT) Market in Australia by Segment
The study includes a forecast for the integrated gate-commutated thyristors (IGCT) market in Australia by type, end use industry, and application.
Integrated Gate-Commutated Thyristors (IGCT) Market in Australia by Type [Analysis by Value from 2019 to 2031]:
• Asymmetric IGCT
• Reverse Blocking IGCT
• Reverse Conducting IGCT
Integrated Gate-Commutated Thyristors (IGCT) Market in Australia by End Use [Analysis by Value from 2019 to 2031]:
• Power Transmission and Distribution
• Industrial
Integrated Gate-Commutated Thyristors (IGCT) Market in Australia by Application [Analysis by Value from 2019 to 2031]:
• Tmedium Voltage Drives
• Marine Drives
• Wind Power Converters
• Dynamic Voltage Restorer
• Battery Energy Storage Systems
• Traction Power Compensators
• Solid State Breakers
• DC Traction Line Boosters
Features of the Integrated Gate-Commutated Thyristors (IGCT) Market in Australia
Market Size Estimates: Integrated gate-commutated thyristors (IGCT) in Australia market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Integrated gate-commutated thyristors (IGCT) in Australia market size by type, end use industry, and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and application for the integrated gate-commutated thyristors (IGCT) in Australia.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the integrated gate-commutated thyristors (IGCT) in Australia.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q.1 What are the major drivers influencing the growth of the integrated gate-commutated thyristors (IGCT) market in Australia?
Answer: The major drivers for this market are the high adoption of IGCT in high-power applications, high demand for HVDC transmission, and high adaption for industrial applications.
Q2. What are the major segments for integrated gate-commutated thyristors (IGCT) market in Australia?
Answer: The future of the integrated gate-commutated thyristors (IGCT) market in Australia looks promising with opportunities in the Tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and DC traction line boosters markets
Q3. Which integrated gate-commutated thyristors (IGCT) market in Australia segment will be the largest in future?
Answer: Lucintel forecasts that reverse conducting IGCT is expected to witness the highest growth over the forecast period due to the high need for blocking reverse voltage.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the integrated gate-commutated thyristors (IGCT) market in Australia by type (asymmetric IGCT, reverse blocking IGCT, and reverse conducting IGCT), end use industry (power transmission and distribution and industrial), and application (tmedium voltage drives, marine drives, wind power converters, dynamic voltage restorer, battery energy storage systems, traction power compensators, solid state breakers, and DC traction line boosters)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Integrated Gate-Commutated Thyristors (IGCT) Market in Australia, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Size, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Growth, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Analysis, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Report, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Share, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Trends, Integrated Gate-Commutated Thyristors (IGCT) Market in Australia Forecast, Integrated Gate-Commutated Thyristors (IGCT) Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.