Thyristor Market: Industry Analysis and Forecast (2023-2029) –by power Rating, Application and Region.

Thyristor Market was valued at US$ 3.47 Bn in 2022 and is expected to reach US$ 6.27 Bn by 2029, at a CAGR of 8.8% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The global thyristor market will grow progressively at the highest CAGR during the forecast period, and the prospects for its growth will be boosted by the increasing communication network across the world. As a thyristor is a solid-state semiconductor device, its demand during the predicted period will be driven by factors like the increasing demand for power infrastructure in various developed economies and the increased investments in industrial electronics applications like medical electronics, home automation, test and measurement, energy generation and distribution, and military and civil aerospace. The sale of thyristors is also needy on the sale of automobiles. Hence, any rise in the demand for automobiles during the forecast period will also augment the growth prospects for the thyristor market.
Thyristor Market Segment Analysis:
The major opportunities such as increasing demand for deployment of low carbon emission power system, growing demand from the consumer electronics sector, and deployment of the smart grid will boost the thyristor market in the near future.

Industrial electronics segment is expected to lead the global thyristor market during the forecast period. Industrial electronic devices in the industrial sector carry medium-to-high power in which the AC source wants to be converted to DC for safer transmission. Owing to their high-power control, fast AC-power switching, and the ability to act as a crowbar circuit for over-voltage protection for power supplies, thyristors have been used for industrial electronic equipment like factory control switches, garage door openers, and surge protectors.
Thyristor Market Regional Analysis:
Region-wise, the Asia Pacific region dominated the thyristor market and accounted for more than 52% of the global market share in 2022. In the Asia Pacific, factors such as increasing investments in power applications will help in the growth of this market until the end of the predicted period. Moreover, the strong demand for energy-efficient consumer goods that employ thyristors as switching devices will also help in the growth of thyristor market in the Asia Pacific.

In the global thyristor market several players operating, ABB Ltd was the first company to introduce 6” thyristor products for HVDC applications & ABB ltd proposals the most complete range of high power thyristors. New thyristor products continue to be developed with an emphasis on minimizing overall losses and exploiting the power rating of the device.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Thyristor Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Thyristor Market.
Global Thyristor Market, Key Highlights:
• Global Thyristor Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Thyristor Market

• Global Thyristor Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Thyristor Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Thyristor Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Thyristor Market are also profiled.
Thyristor Market Scope: Inquire before buying



Thyristor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.47 Bn.


Forecast Period 2023 to 2029 CAGR:
8.8 %
Market Size in 2029:
US $ 6.27 Bn.


 Segments Covered:
by Power Rating
•Below 500MW
• 500-999MW
• Above 1000MW


by Application
• Industrial electronics
• Consumer electronics
• Communications
• Automotive electronics


by Type
• Flexible AC Transmission System
• HVDC



Thyristor Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Thyristor Market, Key Players are:
• ABB Ltd
• Siemens AG
• Schneider Electric SE
• Eaton Corporation Plc.,
• Honeywell International Inc.
• Analog Devices, Inc.
• STMicroelectronics N.V.
• Infineon Technologies AG
• ON Semiconductor,
• Fuji Electric Co., Ltd.
• Mitsubishi Electric
• NXP
• Power Semiconductors
• Bourns
• Nihon Inter Electronics Corporation
• SanRex Corporation
• Dynex Semiconductor
• Hind Rectifiers Limited.
• Semikron
• NTE
• Naina Semiconductor ltd.

Frequently Asked Questions:

1. Which region has the largest share in Global Thyristor Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Thyristor Market?
Ans: The Global Thyristor Market is growing at a CAGR of 8.8% during forecasting period 2023-2029.

3. What is scope of the Global Thyristor Market report?
Ans: Global Thyristor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Thyristor Market?
Ans: The important key players in the Global Thyristor Market are – ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc.,, Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor,, Fuji Electric Co., Ltd., Mitsubishi Electric, NXP, Power Semiconductors, Bourns, Nihon Inter Electronics Corporation, SanRex Corporation, Dynex Semiconductor, Hind Rectifiers Limited., Semikron, NTE, Naina Semiconductor ltd.

5. What is the study period of this Market?
Ans: The Global Thyristor Market is studied from 2022 to 2029.