Who are the key players in North America IGBT & Thyristor Market industry?

The top 5 players in the North America IGBT & Thyristor market include Infineon Technologies, Mitsubishi Electric, ABB Ltd, ON Semiconductor (onsemi), and STMicroelectronics. These companies dominate the market with strong R&D, diverse product portfolios, and robust supply chains, serving automotive, industrial, and renewable energy sectors.

What is the North America IGBT & Thyristor Market growth?

The North America IGBT & Thyristor Market is experiencing strong growth, with a CAGR of over 7% (2023-2028). Recent adoption in electric vehicles and renewable energy projects, led by companies like Infineon Technologies, is significantly boosting market expansion across industrial and transportation sectors.

Which segment accounted for the largest North America IGBT & Thyristor Market share?

The industrial segment, especially motor drives and industrial automation, accounted for the largest share of the North America IGBT & Thyristor market. High demand for energy-efficient manufacturing and increasing automation in industries have contributed to this segment’s leadership in recent years.

What are the factors driving the North America IGBT & Thyristor Market?

Key drivers include the surge in electric vehicle manufacturing, expansion of renewable energy projects, and the push for energy-efficient infrastructure. For example, onsemi recently expanded its production capabilities to meet rising demand for IGBTs in transportation and solar applications across North America.

Which type accounted for the largest North America IGBT & Thyristor Market share?

IGBT modules represent the largest market share in the North America IGBT & Thyristor market. Their versatility, high efficiency, and critical role in high-power applications, particularly in electric vehicles, renewable energy systems, and industrial drives, drive their widespread adoption over discrete IGBTs or standard thyristors.

Home Semiconductor & Electronics

North America IGBT & Thyristor Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: North America IGBT & Thyristor Market
Brand: Bussiness Insights

North America IGBT & Thyristor Market: by Type (IGBT Modules, IGBT Discrete, Thyristor Modules, Thyristor Discrete, Gate Turn-Off Thyristor, Reverse Conducting Thyristor) Application (Industrial, Consumer Electronics, Automotive, Renewable Energy, Railways, Aerospace & Defense) Distribution Channels (Direct Sales, Distributors, Online, OEMs, System Integrators, Value Added Resellers) Technology (Conventional, Reverse Conducting, Field Stop, Trench Gate, High Voltage, Low Voltage) Organization Size (Small, Medium, Large) and By North America Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:11234 | Author: Ankita R

RD TOC Segmentation Research Methodology Request For Free Sample

North America IGBT & Thyristor Market Size, Share & Forecast (2025-2035)

The North America IGBT & Thyristor market is experiencing significant growth driven by advancements in industrial automation, increasing adoption in electric vehicles, and robust renewable energy installations. The market features diverse segments by type, application, technology, and distribution channels, addressing a broad spectrum of industrial and consumer needs across the region. Major vendors are innovating to deliver high-efficiency, high-reliability semiconductor devices. The market is anticipated to see multi-million dollar growth through 2035, propelled by strong government focus on green technologies and surging electrification trends.

Latest Market Dynamics

Key Drivers

Surge in adoption of electric vehicles and their charging infrastructure, driving demand for high-performance IGBT modules (e.g., Infineon Technologies AG launched new 1200V IGBT modules for EVs in 2024).

Increasing integration of field-stop and trench gate technologies for enhanced efficiency in industrial applications (e.g., ON Semiconductor's introduction of Trench IGBT technology for industrial drives in July 2024).
Growing preference for intelligent power modules combining IGBT with digital control in automotive and consumer electronics (e.g., Mitsubishi Electric introduced AI-equipped IGBT modules in late 2024).

Emergence of smart grids and digital substations, expanding addressable market for advanced thyristor solutions (e.g., Siemens Energy announced smart substation collaborations with US utilities in August 2024).
Rising adoption of value-added resellers and system integration partners expanding reach to small and medium-sized enterprises (e.g., STMicroelectronics partnered with regional VARs in North America, October 2024).

Increasing competition from silicon carbide (SiC) and gallium nitride (GaN) technologies posing a threat to conventional IGBT solutions (e.g., ROHM Co., Ltd. expanding SiC portfolio for automotive applications in November 2024).
Supply chain constraints for semiconductor raw materials remaining a persistent hurdle for North American manufacturers (e.g., reports of lead time extension for power modules by Littelfuse, Inc. in Q4 2024).

High initial investment required for R&D and advanced manufacturing lines, limiting new entrants (e.g., Microsemi Corporation cited capital expenditure challenges in annual report, Dec 2024).
Stringent regulatory requirements for device reliability and safety, delaying commercialization of innovative products (e.g., Toshiba Corporation delayed North America launch of new gate turn-off thyristor by 6 months for additional testing, Jan 2025).

In 2025, IGBT modules and discrete components are projected to dominate the North America IGBT & Thyristor market. Increasing applications in automotive, industrial automation, and renewable energy drive the adoption of IGBT modules (primarily in EVs and solar inverters). Thyristor modules and discrete types maintain a robust share due to their reliability in railway and grid applications. Meanwhile, niche technologies such as Gate Turn-Off Thyristor and Reverse Conducting Thyristor are steadily gaining ground in specialized industrial segments.

Industrial applications are projected to hold the largest share in 2025, leveraging IGBT & Thyristor modules for efficient motor drives, process control, and automation systems. Automotive comes next, owing to the electrification wave and rising hybrid and electric vehicle sales. Renewable energy, including solar and wind, represents another rapidly growing application segment, fueled by the integration requirements for clean power. Consumer electronics and other sectors such as aerospace, railways, and defense display notable adoption but command relatively smaller shares.

The market revenue for IGBT & Thyristor in North America is set to grow strongly from $2,480 Million in 2020 to $6,570 Million by 2035, reflecting a compound annual growth rate (CAGR) of over 7.2%. Strong demand from automotive electrification, industrial automation, and green energy sectors serves as the primary growth engine, especially from 2025 onwards as several major renewable energy projects come online and EV deployment accelerates. The market experienced resilience during pandemic-induced slowdowns and is now poised for robust growth across all major end-markets.

Year-over-year (YOY) growth in the North American IGBT & Thyristor market is projected to maintain steady momentum, peaking at 11% in 2025 with the surge in automotive and renewable installations. The YOY rate stabilizes between 5.5% and 7% from 2026 to 2030 as the market matures, followed by a moderate pace until 2035. This consistency highlights the market's resilience, founded on continuous investments in infrastructure and green mobility, and underscores robust replacement as well as new demand for power semiconductors.

The United States remains the dominant region within the North America IGBT & Thyristor market, accounting for nearly two-thirds of total revenues in 2025 owing to its leading EV, industrial automation, and green energy initiatives. Canada demonstrates strong growth potential, increasingly investing in electrification and power infrastructure. Mexico is emerging as a notable market player, driven by manufacturing sector upgrades and automotive supply chain developments, yet remains smaller in absolute share compared to its northern counterparts.

Infineon Technologies AG, Mitsubishi Electric Corporation, and ON Semiconductor predominate the North America market, collectively commanding over 45% share. Their supremacy stems from substantial R&D investments, comprehensive product portfolios, and strong supply chains. Other major contributors include Toshiba Corporation, STMicroelectronics, ABB Ltd, and Fuji Electric, jointly occupying another 35% combined. Specialized innovation, local partnerships, and technological leadership continue to define the competitive landscape, with several regional and niche players rounding out the market.

Original Equipment Manufacturers (OEMs) remain the primary buyers with the largest market share in 2025 due to heavy demand from automotive, renewable, and industrial sectors. System integrators and value-added resellers are also prominent, as more end-users prioritize tailored power solutions. Distributors and direct buyers account for the rest, supporting a diverse channel ecosystem necessary for regional market development and scale.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	United States, Canada, Mexico
Segments	By Type (IGBT Modules, IGBT Discrete, Thyristor Modules, Thyristor Discrete, Gate Turn-Off Thyristor, Reverse Conducting Thyristor) AND By Application (Industrial, Consumer Electronics, Automotive, Renewable Energy, Railways, Aerospace & Defense)
Players	Infineon Technologies AG, Toshiba Corporation, ON Semiconductor, STMicroelectronics, Mitsubishi Electric Corporation, Fuji Electric Co., Ltd., Vishay Intertechnology, Inc., ABB Ltd, Littelfuse, Inc., SEMIKRON International GmbH, IXYS Corporation, Renesas Electronics Corporation, ROHM Co., Ltd., Microsemi Corporation, Dynex Semiconductor Ltd

June 2024: ABB Ltd won new wind farm grid interconnect contracts in the US, accelerating renewable demand for high-voltage thyristors.
July 2024: ON Semiconductor introduced Trench IGBT platforms targeting next-generation industrial AC drives.
August 2024: Siemens Energy began smart substation projects with US utilities, leveraging advanced thyristor-based solutions.
October 2024: STMicroelectronics expanded partnerships with North American VARs and system integrators for tailored power semiconductor solutions.
December 2024: Mitsubishi Electric debuted AI-embedded IGBT power modules poised to boost automotive and industrial automation performance.

About the Author

Ankita R

Lead Industry Analyst

Ankita R is a Lead Industry Analyst specializing in market research, industry analysis, and business consulting across Semiconductor & Electronics. Ankita R brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Ankita R has helped organizations translate data into actionable growth strategies.

Semiconductor & ElectronicsMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

Download Sample

Why Choose Bussiness Insights?

»Strong Industry Focus
»Extensive Product Offerings
»Customer Research Services
»Robust Research Methodology
»Comprehensive Reports
»Latest Technological Developments
»Value Chain Analysis
»Potential Market Opportunities
»Growth Dynamics
»Quality Assurance
»Post-sales Support
»Regular Report Updates

Speak to Analyst

North America IGBT & Thyristor Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

North America IGBT & Thyristor Market Size, Share & Forecast (2025-2035)

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

North America IGBT & Thyristor Market Share (%) by Type, 2025

North America IGBT & Thyristor Market Share (%) by Applications, 2025

North America IGBT & Thyristor Market Revenue (USD Million), 2020-2035

North America IGBT & Thyristor Market YOY (%) Growth, 2020-2035

North America IGBT & Thyristor Market Share (%) by Region, 2025

Key Players Share (%) in North America IGBT & Thyristor Market, 2025

Top Buyers Share (%) in North America IGBT & Thyristor Market, 2025

Study Coverage

Key Recent Developments

Frequently Asked Questions

About the Author

Related Reports