Thyristor Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

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

Globally, the thyristor market is expected to grow with a CAGR of 7.3% during the forecast period from 2021 to 2029. The market is driven by the increasing demand among the developed countries to replace the aging infrastructure and wide scale deployment of smart grids. The thyristor are widely used across the power electronics applications ranging from power supplies to inverters to controller due to its low switching losses and high energy efficiency. Thyristor works on the short switching times and low switching losses to carter the growing electricity demand. Furthermore, the thyristor are more reliable and longer durability, which makes it an ideal option for the smart grids.

The growing demand for the thyristor among the communication network is also acting as a major driver for the growth of the market. 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 the market growth. Moreover, the declining deployment of the turbines & PV and development of high speed trains is also acting as a major challenge in the market.

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 2020. The growth of the market is attributed to the wide scale adoption of the thyristor in the consumer electronics applications. On the other hand, 500-900MW rated thyristors are estimated to gain significant traction during the forecast period. The market is driven by the its growing demand among the power power generators.

North America is Leading the Thyristor Market

North America led the global Thyristor market in 2020 with the market share of more than 33%. The growth of the market is driven by the growing demand in the region to replace the aging infrastructure. The rising adoption of the 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 market.

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 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of thyristor in 2020 and forecast up to 2029?
• Which is the largest regional market for thyristor?
• What are the major trends followed in thyristor market across different regions?
• Who are the key companies in the thyristor market?
• What are the key strategies adopted by the leading thyristor companies in market?

Unique data points of this report

• Statistics on thyristor and spending worldwide
• Recent trends across different regions in terms of adoption of thyristor across applications
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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