Global Thyristor Market is valued at approximately USD 5.36 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2023-2030. Thyristor is an electronic switch used in power control and regulation, allowing current flow in one direction until turned off. It is widely used in power electronics and industrial applications. The Thyristor Market is expanding because of factors such as the increasing use of electric vehicles and rising demand for consumer electronics. Moreover, increasing use of electric vehicles drives the demand for thyristors in EV charging infrastructure and electric drivetrains, rising the demand of thyristor market.
According to the international energy agency, electric vehicles account for only 3% of global car sales in 2021. However, electric vehicles may account for 10% of global passenger vehicle sales in 2025 and may rise to 28% in 2030. The market's growth is attributed to the wide-scale adoption of thyristors in consumer electronics applications and increase in consumer electronics demand as well as low-carbon power system deployment. According to Statista in 2023, the consumer electronics industry is anticipated generate USD 1,028.00 billion in revenue. The market is anticipated to expand by 2.32% yearly CAGR from year 2023 to 2028. In addition, increasing preference towards the utilization of electric and hybrid electric vehicles and rising industrial automation would create lucrative growth opportunities. However, the complicated structure of firing circuits of thyristors and the high cost of infrastructure stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Thyristor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific is dominate the market during the forecast period owing to the, rising in technological advancements, increasing industrial applications and supportive government initiatives in the region. North America is the fastest growing region owing to factors such as the rising adoption of smart grid solutions is further estimated to accelerate the adoption of the thyristor market. Furthermore, the increasing adoption of the offshore wind farm is augmenting the demand in the region.
Major market player included in this report are:
- Asea Brown Boveri Ltd
- Analog Devices, Inc
- Eaton Corporation Plc
- Fuji Electric Co., Ltd.
- Infineon Technologies Ag
- Honeywell International Inc.
- Semiconductor Components Industries, LLC
- Schneider Electric Se
- STMicroelectronics N.V.
- Siemens AG
Recent Developments in the Market:
- In October 2020, A new thyristor and thyristor-diode module with higher power density, the 3-700-18-A2, was introduced by Proton-Electrotex. This module is based on the 3-540-18-2 predecessor. By updating the semiconductor component and making just minor changes to other design features, a greater power density was attained. In particular, a new topology was used in the design of the module to improve the diffusion profile, reduce the thickness of the diffusion element, and increase the active cathode area by 10%.
- In May 2021, Bipolar Thyristor power modules with reduced power loss capabilities and industry-standard housings were introduced by Hitachi. It gives a high degree of reliability & performance while operating at the greatest temperatures. In the manufacturing sector, these transistors are frequently employed to increase efficiency and decrease power loss.
Global Thyristor Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Power Rating, End-User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Power Rating:
- 500 MW
- 500 MW-1000 MW
- 1000 MW
By End-User Industry:
- Consumer Electronics
- Telecommunication & Networking
- Industrial
- Automotive
- Aerospace & Defense
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Thyristor Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Thyristor Market, by Power Rating, 2020-2030 (USD Billion)
- 1.2.3. Thyristor Market, by End-User Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Thyristor Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Thyristor Market Dynamics
- 3.1. Thyristor Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing use of electric vehicles
- 3.1.1.2. Rising demand of consumer electronics.
- 3.1.2. Market Challenges
- 3.1.2.1. Complicated structure of firing circuits of thyristors
- 3.1.2.2. High cost of infrastructure
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing utilization of electric & hybrid vehicles
- 3.1.3.2. Rising industrial automation
Chapter 4. Global Thyristor Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Thyristor Market, by Power Rating
- 5.1. Market Snapshot
- 5.2. Global Thyristor Market by Power Rating, Performance - Potential Analysis
- 5.3. Global Thyristor Market Estimates & Forecasts by Power Rating 2020-2030 (USD Billion)
- 5.4. Thyristor Market, Sub Segment Analysis
- 5.4.1. 500 MW
- 5.4.2. 500 MW-1000 MW
- 5.4.3. 1000 MW
Chapter 6. Global Thyristor Market, by End-User Industry
- 6.1. Market Snapshot
- 6.2. Global Thyristor Market by End-User Industry, Performance - Potential Analysis
- 6.3. Global Thyristor Market Estimates & Forecasts by End-User Industry 2020-2030 (USD Billion)
- 6.4. Thyristor Market, Sub Segment Analysis
- 6.4.1. Consumer Electronics
- 6.4.2. Telecommunication & Networking
- 6.4.3. Industrial
- 6.4.4. Automotive
- 6.4.5. Aerospace & Defense
Chapter 7. Global Thyristor Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Thyristor Market, Regional Market Snapshot
- 7.4. North America Thyristor Market
- 7.4.1. U.S. Thyristor Market
- 7.4.1.1. Power Rating breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. End-User Industry breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Thyristor Market
- 7.5. Europe Thyristor Market Snapshot
- 7.5.1. U.K. Thyristor Market
- 7.5.2. Germany Thyristor Market
- 7.5.3. France Thyristor Market
- 7.5.4. Spain Thyristor Market
- 7.5.5. Italy Thyristor Market
- 7.5.6. Rest of Europe Thyristor Market
- 7.6. Asia-Pacific Thyristor Market Snapshot
- 7.6.1. China Thyristor Market
- 7.6.2. India Thyristor Market
- 7.6.3. Japan Thyristor Market
- 7.6.4. Australia Thyristor Market
- 7.6.5. South Korea Thyristor Market
- 7.6.6. Rest of Asia Pacific Thyristor Market
- 7.7. Latin America Thyristor Market Snapshot
- 7.7.1. Brazil Thyristor Market
- 7.7.2. Mexico Thyristor Market
- 7.8. Middle East & Africa Thyristor Market
- 7.8.1. Saudi Arabia Thyristor Market
- 7.8.2. South Africa Thyristor Market
- 7.8.3. Rest of Middle East & Africa Thyristor Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Asea Brown Boveri Ltd
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Analog Devices, Inc
- 8.3.3. Eaton Corporation Plc
- 8.3.4. Fuji Electric Co., Ltd.
- 8.3.5. Infineon Technologies Ag
- 8.3.6. Honeywell International Inc.
- 8.3.7. Semiconductor Components Industries, LLC
- 8.3.8. Schneider Electric Se
- 8.3.9. STMicroelectronics N.V.
- 8.3.10. Siemens AG
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption