EUROPE’S GREEN TRANSITION SPURS DEMAND FOR HIGH-EFFICIENCY POWER SEMICONDUCTORS

Europe’s Green Transition Spurs Demand for High-Efficiency Power Semiconductors

Europe’s Green Transition Spurs Demand for High-Efficiency Power Semiconductors

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The global IGBT & thyristor market size was valued at USD 5.80 billion in 2024, growing at a CAGR of 4.45% during 2025–2034 .This focused narrative highlights the U.S., China, and Germany as pivotal contributors to global revenue, driven by national policy impact, market share concentration, R&D leadership, and strategic positioning of their key players.

In the United States, strong federal incentives for EVs, smart grid modernization under DOE programs, and clean-energy infrastructure funding underpin IGBT demand . Domestic fabs and module assemblers benefit from national policy impact supporting export-controlled chip production. U.S.-based firms such as ON Semiconductor and Infineon’s manufacturing facilities are strategically positioned for supply chain security.

China, accounting for over 30% of global production, has national strategic plans under “Made in China 2025” and NEV mandates . Leading semiconductor foundries have expanded capacity for IGBT modules, and policy-driven local content regulations ensure domestic OEMs secure supply. National R&D leadership is being reinforced through innovation hubs in Shenzhen and Shanghai focusing on next-gen SiC integration and advanced packaging.

Germany exemplifies Europe’s leadership, combining national policy impact (e.g., Energiewende and automotive electrification) with industrial scale . Infineon Technologies AG, headquartered in Germany, invests heavily in module-level R&D and strategic positioning via partnerships with automotive OEMs. Germany’s manufacturing base remains central in delivering high-power, performance-grade modules for both automotive and industrial sectors.

Read More @ https://www.polarismarketresearch.com/industry-analysis/igbt-and-thyristor-market

Corporate strategies reflect mergers and expansions: recent acquisitions include Infineon’s stake in Texas-based SiC power startups, ON Semiconductor’s acquisitions targeting automotive-grade packaging, and ABB’s formation of joint ventures in China for integrated inverter development. These reflect market share concentration among a small group of OEMs, reinforced by national policy frameworks and robustness of domestic supply chains.

Dominant players by market share:


  • Infineon Technologies AG

  • Mitsubishi Electric Corporation

  • ABB Ltd

  • ON Semiconductor

  • STMicroelectronics


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