Thyristor Market (Power Rating - below 500MW, 500-999MW, and above 1000MW; Application - Industrial Electronics, Consumer Electronics, Communications, Automotive Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Thyristor Market – Snapshot
According to a new market report published by Transparency Market Research titled “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global thyristor market is expected to reach US$ 7,225.9 Mn by 2026. The market is projected to expand at a CAGR of 7.0% during the forecast period from 2018 to 2026. According to the report, the global thyristor market will continue to be influenced by a range of factors such as their better reliability and cost savings compared to conventional solutions, replacement of aging infrastructure, and government initiatives. Growing usage of thyristors in consumer electronics is anticipated to drive Asia Pacific to the forefront of global demand, with the market in the region holding bulk of the share of the global thyristor market throughout the forecast years.
500-999MW segment expected to be more lucrative
The global thyristor market is segmented by power rating into below 500MW, 500-999MW, and above 1000MW. 500-999MW segment is expected to surpass US$ 2950 Mn by 2026. Thyristors are being extensively used across all power rating segments around the globe.
Consumer electronics segment expected to dominate the market around the globe
On the basis of application, the thyristor market is segmented into industrial electronics, consumer electronics, communications, and automotive electronics. The consumer electronics segment is expected to hold the major share of the market throughout the forecast period because of Asia Pacific’s increasing demand for thyristors in consumer electronics.
Asia Pacific to continue to hold significant share in the overall market
Asia Pacific is expected to hold higher market share for thyristors during the forecast period. The growth is mainly due to the increased adoption of thyristors with the presence of well-established players across the region, especially in China and Japan. Asia Pacific is also expected to emerge as the region showcasing the highest CAGR. Furthermore, Asia Pacific is witnessing high adoption of thyristors due to the increasing demand for energy to support the local manufacturing units.
Major players in the thyristor market include ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc., Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor, and Fuji Electric Co., Ltd.
Rising Demand for Advanced Power Infrastructure in Developed Economies fuels Thyristor Market
Increasing reliance of electricity brings challenges for the traditional and aging power infrastructures in many developed countries. Low power operations and multiple function characteristics of thyristors draw attention to global thyristor market. Thyristor is a semiconductor device that houses four layers of alternating P- and N- type materials. It is a unidirectional device that conducts current only in single direction. They operate as a switch to control electric power and current. Products in global thyristor market are applied in various devices including high power circuits such as electricity transmission lines and simple circuits such as home or commercial burglar alarms. They are compact in size, require lesser maintenance, and are utilized in numerous industry vertical including but not limited to, power and energy, networking, industrial electronics, medical and healthcare, telecommunications, aerospace and defense, automotive, and consumer electronics.
Powerful yet compact design of thyristors and increasing requirement of advanced electrical power infrastructure in various developed nations are key motivators for global thyristor market. Increasing population burdens age-old power infrastructure as the usage of electrical energy also increases with the population. Thyristors require lesser power and emit lesser amount of heat as compared to mechanical switches used in the majority of conventional power infrastructures. Thyristors can also be used as switch, diodes, and rectifier. These flexible qualities of thyristors is expected to spur growth in global thyristor market in coming years. However, easy control and high current handling capabilities of insulated gate bipolar transistor that promote its usage can impede the global thyristor market in near future. Players in global thyristor market are engaged in expanding their product offerings to effectively compete against their rivals. Other strategy implemented by major vendor in the market is collaborating and forming long-term strategic partnerships with their existing clients. Mergers and acquisitions are also observed as key strategies for business and clientele expansion by players in global thyristor market.
Thyristor Market – Overview
The “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the global thyristor market during the forecast period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, the U.K, India, China, Japan, GCC countries, South Africa, and Brazil.
This report analyzes and forecasts the market for thyristors at the global and regional level. The report includes a detailed value chain analysis, which provides a comprehensive view of the global thyristor market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Thyristor Market: Taxonomy
This research study on the global thyristor market provides a detailed cross segment and cross country analysis based on the different segments including power rating and application. Based on power rating, the market is segmented into below 500MW, 500-999MW, and above 1000MW. On the basis of application, the market is segmented into industrial electronics, consumer electronics, communications, and automotive electronics.
Global Thyristor Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
Global Thyristor Market: Competitive Dynamics
The report covers well-established players such as ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc., Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor, and Fuji Electric Co., Ltd.
The global thyristor market is segmented as below