The global market for Thyristors was valued at USD 5.8 Billion in 2024 and is projected to reach USD 7.7 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.Report Scope
The report analyzes the Thyristors market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Application (Consumer Electronics, Industrial Electronics, Communications, Automotive Electronics, Other Applications).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Consumer Electronics Application segment, which is expected to reach $2.6 Billion by 2030 with a CAGR of a 4.5%. The Industrial Electronics Application segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Analog Devices, Inc., Eaton Corporation PLC, Fuji Electric Co., Ltd., Hitachi Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Thyristors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Thyristors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Thyristors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 42 major companies featured in this Thyristors market report include:
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 223 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 5.8 Billion |
| Forecasted Market Value ( USD | $ 7.7 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
