Integrated Gate-Commutated Thyristors (IGCT) in China Trends and Forecast
The future of the integrated gate-commutated thyristors (IGCT) market in China 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 China 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 China
The integrated gate-commutated thyristor (IGCT) market in China is witnessing significant growth due to the country’s industrial advancements, energy transition goals, and infrastructure development. As China continues to invest heavily in renewable energy, electric vehicles, and grid modernization, the demand for IGCTs is accelerating. These devices are vital for enhancing power efficiency, supporting power electronics, and improving energy management. Below are key emerging trends in the IGCT market in China that highlight its dynamic growth trajectory.
• Renewable Energy Expansion: China is the global leader in renewable energy, especially solar and wind power. IGCTs are crucial for the efficient conversion and control of power generated from renewable sources, helping integrate them into the national grid. With the rise in renewable energy projects, IGCTs will play an increasingly important role in ensuring reliable energy distribution.
• Smart Grid Development: China is rapidly adopting smart grid technologies to improve grid management and enhance energy efficiency. IGCTs are central to the development of smart grids, as they enable high-efficiency power control, voltage regulation, and reliable energy distribution. This trend is driving the demand for IGCTs in the energy sector, especially for large-scale infrastructure projects.
• Electric Vehicle Infrastructure: The electric vehicle market in China is growing rapidly, with the country being the largest EV market globally. IGCTs are essential for the efficient functioning of electric vehicle charging stations, where high-power conversion is necessary. The expansion of EV infrastructure and the need for fast-charging solutions will significantly drive IGCT adoption.
• Industrial Electrification: The ongoing electrification of industries in China is promoting the use of IGCTs in motor drives, power electronics, and industrial automation. As industries strive for higher energy efficiency and reduced carbon footprints, IGCTs are becoming a critical part of their power control systems. This trend is supporting the growth of the IGCT market in industrial applications.
• Energy Storage Solutions: As China focuses on balancing the intermittent nature of renewable energy, energy storage systems are gaining prominence. IGCTs play a key role in regulating the power flow between storage systems and the grid, ensuring efficient energy use. The rise in energy storage initiatives is further boosting the demand for IGCTs in the Chinese market.
These trends underscore the growing demand for IGCTs in China across multiple sectors, including renewable energy, grid management, electric vehicles, industrial automation, and energy storage. As China continues to prioritize energy efficiency, sustainability, and technological advancements, the IGCT market will experience robust growth, contributing to the country’s transition to a cleaner, more efficient energy landscape.
Recent Developments in the Integrated Gate-Commutated Thyristors (IGCT) Market in China
China’s energy industry development, along with the country’s modernization and technological progress, is fostering growth in the IGCT domain. These factors are hierarchically important to the progression of IGCTs in China.
• Large-Scale Renewable Energy Projects: China has focused efforts on funding large solar and wind farms. IGCTs are critical for capturing and regulating power generated from these renewable sources. These initiatives not only fulfill China’s renewable energy quota but also stimulate the need for IGCTs.
• Smart Grid Rollout: China is setting up large infrastructural developments to achieve better energy control and distribution under the smart grid system. The application of IGCTs in smart grid technology contributes to better stability and efficiency of the grids. With the continuing emergence of smart grid projects, the supply requirements for IGCTs in China are continuously increasing.
• The Expansion of Electric Cars: As Chinese markets make a swift switch to electric vehicles (EVs), the number of EV charging stations has also increased. With the rise in demand, the number of Integrated Gate-Commutated Thyristors, or IGCTs, is also on the rise since they are needed to provide fast charging. The ever-expanding EV market ensures growth in the demand for IGCTs.
• Electrification and Automation of Industries: Electrification of industrial systems in China focuses on automation and increasing energy efficiency, which increases the need for IGCT devices. These devices can optimize power control in various motors and drives and actively contribute to industrial growth. This boosts the demand for IGCTs even further.
• Improvement in Energy Storage Systems: China is heavily investing in energy storage systems to integrate renewable energy sources. As IGCTs are key in controlling energy flow between the grid and the storage system, energy storage projects heavily boost the demand for IGCT devices in China.
These shifts are indicative of the increasing adoption of IGCT technology across various industries in China. Changing energy paradigms in the electric vehicles market, as well as heightened industrial automation and efficient energy storage systems, offer a new valuable market for IGCTs.
Strategic Growth Opportunities for Integrated Gate-Commutated Thyristors (IGCT) Market in China
There are numerous opportunities to grow the IGCT industry in China due to the increasing external investment in the country’s ideal vision for a more sustainable and technologically advanced energy system. The following important application areas reveal the potential for growth in the IGCT industry.
• The Rise of Electric Vehicles: With the adoption of electric vehicles, investment in charging station networks, and heavy reliance on high-power conversion systems, positive returns will be seen with a decrease in emissions and air pollution. Providing fast and efficient charging opportunities aids the entire objective of combating emissions and improving the EV infrastructure.
• Smart Grid Technology: Implementing smart grids has many advantages, including automating control over the electric system. Failure detection will be cost-effective, and maintenance will require little to no supervision. Adding a level of automation to the electrical grid not only improves energy control but guarantees consistent monitoring across all regions.
• Industrial Automation and Electrification: As the Chinese industries embrace more electric and automated processes, IGCTs have become essential in controlling motors, managing power, and optimizing energy usage. The advancement of manufacturing processes offers a new avenue for IGCTs in industrial electrification.
• Energy Storage Systems: The requirement for reliable energy storage to smooth the supply of renewable energy offers expansion prospects for IGCTs. In China, these devices are important for controlling energy flow between the grid and storage devices, which helps with energy storage objectives.
These growth opportunities, handled simultaneously, reveal the important contribution that IGCTs will make in China’s energy transition. In its pursuit of renewable energy, the country will need extensive smart grids, electric cars, industrial electrification, and powerful energy storage, making IGCTs increasingly in demand and boosting market and technology development.
Integrated Gate-Commutated Thyristors (IGCT) Market in China Driver and Challenges
Numerous technological, economic, and regulatory components are present in China’s integrated gate-commutated thyristors market. These components pose challenges and provide opportunities in both the adoption and development of IGCTs in different sectors of the country.
The factors responsible for driving the integrated gate-commutated thyristors (IGCT) market in China include:
• Growth of Renewable Energy Investment: China has been aggressively investing in solar and wind power, which increases the demand for IGCTs. These devices are vital to ensure optimal power flow from renewable sources and their effective incorporation into the power grid.
• Smart Grid Development: The introduction of smart grids in China significantly contributes to the adoption of IGCTs. Smart grids require effective control of energy consumption, voltage management, and distribution of electricity— all of which must be done in real time and are exceptionally handled by IGCTs.
• Growing Demand for Electric Vehicles: The expansion of the electric vehicle industry in China stimulates the development of fast-charging infrastructure. The increase in power conversion capability needs IGCTs. They are required in the charging stations for electric vehicles, which, in turn, increases demand for these devices in the market.
• Modernization and Electrification of Industries: The automation and electrification of industries in China to enhance productivity and energy efficiency translate into greater use of IGCTs in motor drives and power systems. IGCTs allow optimized power control, so their use is important in industrial applications.
• Developments in Energy Storage: The growth of energy storage systems in China, for the purpose of balancing renewable energy generation, presents an opportunity for expansion with IGCTs. These devices balance the energy flow between storage devices and the grid, thus contributing to the stability of the energy supply.
Challenges in the integrated gate-commutated thyristors (IGCT) market in China are:
• Prohibitively Expensive IGCTs: While they provide greater functionality, IGCTs have increased relative costs compared to other power semiconductor devices. A higher initial investment may restrict their use in some applications, particularly in economically constrained regions.
• Barriers to Integration: The integration of an IGCT into existing power systems is a highly specialized task. There are numerous technical barriers to their integration, which may limit their use in some industries.
• Policy Risk: There are risks associated with changes in energy policies for the users and manufacturers of IGCTs. The evolving nature of policies can create problems for IGCT peripheral power, semiconductor systems, and device markets.
There are great opportunities in China with the rise of intelligent power grid systems, electric vehicles, industrial modernization, and energy storage. In spite of these issues, the economic, technical, and regulatory problems constrain their full market potential.
List of Integrated Gate-Commutated Thyristors (IGCT) Market in China 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 China by Segment
The study includes a forecast for the integrated gate-commutated thyristors (IGCT) market in China by type, end use industry, and application.
Integrated Gate-Commutated Thyristors (IGCT) Market in China by Type [Analysis by Value from 2019 to 2031]:
• Asymmetric IGCT
• Reverse Blocking IGCT
• Reverse Conducting IGCT
Integrated Gate-Commutated Thyristors (IGCT) Market in China by End Use [Analysis by Value from 2019 to 2031]:
• Power Transmission and Distribution
• Industrial
Integrated Gate-Commutated Thyristors (IGCT) Market in China 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 China
Market Size Estimates: Integrated gate-commutated thyristors (IGCT) in China market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Integrated gate-commutated thyristors (IGCT) in China market size by type, end use industry, and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and application for the integrated gate-commutated thyristors (IGCT) in China.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the integrated gate-commutated thyristors (IGCT) in China.
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 China?
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 China?
Answer: The future of the integrated gate-commutated thyristors (IGCT) market in China 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 China 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 China 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 China, Integrated Gate-Commutated Thyristors (IGCT) Market in China Size, Integrated Gate-Commutated Thyristors (IGCT) Market in China Growth, Integrated Gate-Commutated Thyristors (IGCT) Market in China Analysis, Integrated Gate-Commutated Thyristors (IGCT) Market in China Report, Integrated Gate-Commutated Thyristors (IGCT) Market in China Share, Integrated Gate-Commutated Thyristors (IGCT) Market in China Trends, Integrated Gate-Commutated Thyristors (IGCT) Market in China 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.