Thyristor Market By Power Rating (Below 500MW, 500-900MW, Above 1000MW), By Application (Industrial Electronics, Consumer Electronics, Communications, Automotive Electronics) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

The Increasing Demand to Replace the Aging Infrastructure is Driving the Growth of the Thyristor Market

Globally, the thyristor market is expected to grow with a CAGR of 7.3% during the forecast period from 2019 to 2027. The market is driven by the increasing demand among developed countries to replace the aging infrastructure and wide-scale deployment of smart grids. The thyristor is widely used across power electronics applications ranging from power supplies to inverters to controllers due to its low switching losses and high energy efficiency. Thyristor works on short switching times and low switching losses to cater to the growing electricity demand. Furthermore, the thyristor is more reliable and has longer durability, which makes them an ideal option for smart grids.

The growing demand for thyristors in the communication network is also a major driver of the market's growth. Furthermore, the supportive government initiatives for the HDVC installation are further accelerating the adoption of the thyristor market. However, the high infrastructure deployment cost is inhibiting market growth. Moreover, the declining deployment of turbines & PV and the development of high-speed trains are also acting as a major challenge in the market.

Market Synopsis

500-900MW is Estimated to Grow Significantly During the Forecast Period  

The thyristor market is categorized based on the power rating into below 500W, 500 to 900MW, and above 1000MW. The below 500MW rating thyristor accounted for more than 45% share in the overall thyristor market revenue in 2018. The market's growth is attributed to the wide-scale adoption of thyristors in consumer electronics applications. On the other hand, 500-900MW rated thyristors are estimated to gain significant traction during the forecast period. The growing demand for power generators drives the market.  

North America is Leading the Thyristor Market            

North America led the global Thyristor market in 2018 with a market share of more than 33%. The growing demand in the region drives the market's growth to replace the aging infrastructure. In addition, the rising adoption of smart grid solutions is further estimated to accelerate the adoption of the thyristor market. Furthermore, the increasing adoption of offshore wind farms is augmenting the market's demand.

The major vendors in the thyristor market are Danfoss A/S, ABB Ltd, SEMIKRON International GmbH, Fairchild Semiconductor International Inc, Hitachi Ltd, Fuji Electric Co. Ltd, Infineon Technologies AG, Renesas Electronics Corp., Mitsubishi Electric Corp., and Toshiba Corp.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective detail calculated for the forecast period from 2019 to 2027. 

Report Scope by Segments

The thyristor market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global thyristor market based on power rating, application, and geography.

Frequently Asked Questions

The market for Thyristor is expected to reach US$ XX Mn in 2027.

The Thyristor market is expected to see significant CAGR growth over the coming years, at 7.3%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

ABB Ltd., Danfoss A/S, Fairchild Semiconductor International Inc., Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, Mitsubishi Electric Corp., Renesas Electronics Corp., SEMIKRON International GMBH are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60094
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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