Thyristor Surge Protectors are devices used to protect equipment from severe overvoltage transients that are located in high exposure environments. The surge protector limits the voltage that is being supplied to an electric device by either shorting current or blocking to reduce the voltage under a safe threshold. These thyristor surge protectors devices prevents overvoltage damage to sensitive circuits by induction, lightning, and power line crossings. These devices acts as the break over−triggered crowbar protectors. The turn-off of these surge protectors occurs when the surge current decreases below the holding current value. Thyristor surge protector devices ensures the proper functioning of electrical equipment at the time of lightning strikes. These devices are of prime importance for any business or residential and commercial buildings. There are many different types of surge protection devices, few of them includes power surge protection device, surge line protection device and a thyristor surge protectors. Thyristor surge protectors are used in various applications for the safety of electrical and electronic devices.

The need for protection against voltage variation has triggered the implementation of thyristor surge protector devices. The major drivers that boosts the growth of the thyristor surge devices are the rising demand for the protection systems for electronic devices, and increasing equipment failures due to voltage fluctuation. One of the major restraining factor that restricts the growth of the global thyristor surge protectors market is that it increases an additional cost to the prevention of the electronic devices and equipment. However, the benefits offered by the thyristor surge devices such as high surge current capability, bidirectional protections in a single device, and the surface mount technology has contributed to the further growth of the global thyristor surge protection devices market.

The global thyristor surge protectors market is segmented into direction type, mounting type, application, end use industry, and geography. Based on direction type, the thyristor surge protectors market is segmented into unidirectional and bi directional. Based on the mounting type, the thyristor surge protectors market is segmented into surface mounted and wall mounted. Based on application, the thyristor surge protectors market is segmented into AC rectifier, voltage regulator, solid-state switches, industrial power tools, uninterrupted power supply and others. On the basis of end use industry, the global thyristor surge protection market is segmented into consumer electronics, medical equipment, telecommunication, utility and power distribution and others. The global thyristor surge protectors market is also segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The North America Thyristor surge protectors market is expected to dominate in terms of revenue in the coming years. This is due to the already developed technology advancement in the North America. Asia Pacific is anticipated to show noteworthy development in the thyristor surge protectors market in the coming years due to the presence of the large number of semiconductor manufacturing companies in the emerging economies such as China, and Japan.

Some of the major players in global thyristor surge protectors market are ProTek Devices, Bourns, Inc., STMicroelectronics, Littelfuse, Inc., ON Semiconductor, Diodes Incorporated, Shenzhen RuilongYuan Electronics Co., Ltd, AEG Power Solutions, DB Lectro Inc., and Future Electronics among others.

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Thyristor Surge Protectors Market

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