Thyristors

Thyristors

Global Thyristors Market to Reach US$7.7 Billion by 2030

The global market for Thyristors estimated at US$5.5 Billion in the year 2023, is expected to reach US$7.7 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Consumer Electronics Application, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Industrial Electronics Application segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 8.2% CAGR

The Thyristors market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Thyristors Market - Key Trends and Drivers Summarized

How Are Thyristors Powering Modern Electronics and Industrial Systems?

Thyristors, also known as silicon-controlled rectifiers (SCRs), are semiconductor devices that play a crucial role in controlling high-voltage and high-power applications across various industries. These devices are widely used in power electronics to manage and regulate electrical currents in systems such as motor drives, power converters, and industrial heating applications. Thyristors are particularly valued for their ability to handle large currents and voltages, making them essential components in industries like energy, transportation, and manufacturing. In renewable energy systems, thyristors are used in inverters and converters to manage the flow of electricity from solar panels and wind turbines to the grid.

How Is the Thyristors Market Structured?

Key types include phase-control thyristors, inverter-grade thyristors, and fast-switching thyristors. Phase-control thyristors are commonly used in industrial applications such as motor drives and control systems, while fast-switching thyristors are used in power electronics and high-frequency applications. Applications of thyristors span across industrial motor controls, HVDC transmission, and renewable energy systems. End-user industries include energy, automotive, industrial automation, and consumer electronics. The growing electrification of transportation and the expansion of renewable energy systems are driving demand for thyristors in power management and control systems.

What Technological Trends Are Shaping the Thyristors Market?

Technological advancements in thyristor design are improving their performance, reliability, and efficiency. The development of high-power thyristors with enhanced switching capabilities is enabling their use in more demanding applications such as high-voltage direct current (HVDC) transmission and electric vehicle (EV) charging infrastructure. Additionally, innovations in cooling and thermal management systems are increasing the lifespan and performance of thyristors in industrial applications. The integration of thyristors in smart grid technologies and energy storage systems is also expanding their use in renewable energy applications, where efficient power management is critical. These advancements are making thyristors more versatile, driving their adoption across a wider range of industries.

What Factors Are Driving Growth in the Thyristors Market?

The growth in the thyristors market is driven by several factors, including the rising demand for efficient power management in industrial and energy systems, the increasing adoption of renewable energy technologies, and the expanding use of electric vehicles. The shift towards electrification in transportation, particularly with the development of EV charging infrastructure, is creating new opportunities for thyristors in power control applications. The growing focus on energy efficiency and the modernization of power grids are also contributing to market growth, as thyristors are used in HVDC transmission systems and smart grids to improve electricity transmission efficiency. Additionally, advancements in semiconductor technology are enhancing the performance of thyristors, making them more attractive for high-power applications in industries such as manufacturing and energy.

Select Competitors (Total 42 Featured) -

• ABB Ltd.
• Analog Devices, Inc.
• Eaton Corporation PLC
• Fuji Electric Co., Ltd.
• Hitachi Ltd.
• Honeywell International, Inc.
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• ON Semiconductor Corporation
• Schneider Electric SA
• Semikron, Inc.
• Siemens AG
• STMicroelectronics NV
• Toshiba Corporation

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