Thyristor Surge Suppressors Market Introduction

Thyristor surge suppressors are semiconductor chips used to protect circuits and devices from over-voltage and over-current. The thyristor surge suppressors limit the voltage that is being supplied to an electric device by either shorting current or blocking to reduce the voltage under a safe threshold. Thyristor surge suppressor devices prevent overvoltage damage to sensitive circuits by induction, lightning, and power line crossings. These devices act as the break over−triggered crowbar protectors.

Thyristor surge suppressor devices ensure 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. Power surge protection device, a thyristor SCR, and surge line protection device are different types of surge suppression device. Thyristor surge suppressor is used in various applications for the safety of electrical and electronic devices.

Thyristor Surge Suppressors Market- Competitive Landscape

ON Semiconductor and Globalfoundries announced US$ 430 million agreement under which the ownership of Globalfoundries 300mm Fab 10 will be transferred to ON Semiconductor. The deal is still pending regulatory approval and closing conditions.

Bourns has launched its GMOV™ line of overvoltage protection components. The new GMOV™ family will be an enhanced protection solution that helps in overcoming catastrophic and degradation failure issues in the discrete Metal Oxide Varistor.   

Microsemi Corporation

Founded in 1959, Microsemi Corporation is located in the US. The company provides semiconductor and systems solution for data center, communications, and aerospace and defense. The company provides field programmable gate arrays, analog mixed signal integrated circuits, application-specific integrated circuits, systems on chip solutions, and power management products.  

Protek Devices LP

Established in 1992, Protek Devices LP is located in the US. The company manufactures TVS products to protect electronic equipment from electrostatic discharge, lightning, inductive switching, etc. it also offers steering diodes/TVS arrays and TVS diode arrays to provide protection from tertiary lightning, electrical fast transients, and ESD.

Diodes Incorporated

Established in 1959, Diodes Incorporated is located in the US. The company offers various products such as rectifiers, diodes, transistors, functional specific arrays, protection devices, comparators, power management devices, temperature sensors, amplifiers, and other products.

AEG Power Solutions 

Founded in 1883, AEG Power Solutions is located in the Netherlands. The company manufactures power electronics solutions and systems for renewable energy applications and industrial power supplies. Some of the products include local and remote UPS management software for power control, uninterruptible power supplies, UPS accessories, and industrial inverters in modular, stand-alone, and analog versions.

Thyristor Surge Suppressors Market Dynamics

Rise in Voltage Fluctuation and Equipment Failure Driving Demand for Thyristor Surge Suppressors

Growing demand for the protection system for electronic devices and rise in the device and equipment failure owing the voltage fluctuation are the key driving forces in the thyristor surge suppressors market. Moreover, bidirectional protection, high surge current capability, and surface mount technology are some of the benefits of thyristor surge suppressors that are influencing the adoption of thyristor surge suppressors.

Owing to the increasing problem of voltage fluctuation, thyristor surge suppressors are finding wide application in the protection of electronic circuits in electronic appliances such as refrigerators, washing machines, computers, and consumer electronic goods. Moreover, in recent years, thyristor surge suppressors are extensively used in heating, ventilation, and air-conditioning systems.

Manufacturers Focus on Innovative Techniques to Enter Developing Thyristor Surge Suppressors Market

Manufacturers in the thyristor surge suppressors market are increasingly investing in the research and development activities to find new and innovative techniques to develop thyristor surge suppressors. Manufacturers are also focusing on offering highly-efficient and reliable thyristor surge suppressors to provide better protection against damaging effects of utility switching, lightning, and switching electric motors.

The thyristor surge suppressors market is highly fragmented with the presence of several manufacturers, especially in the developing regions. Moreover, with the increasing number of manufacturers, product differentiation has become vital to gain competitive edge in the thyristor surge suppressors market.

Rise in Additional Cost to Prevent Failure of Electronic Equipment and Devices Restraining Thyristor Surge Suppressors Market Growth

One of the key factors hampering the growth of the thyristor surge suppressors market is it leads to the additional cost to prevent failure of electronic equipment and devices. However, in response to the growing demand for thyristor surge suppressors by consumers, companies are focusing on developing new thyristor surge suppressors with low capacitance to provide protection to the low-voltage electronics at lower cost. However, today electronic equipment have become more susceptible to overvoltage and voltage fluctuation, this is driving the adoption of thyristor surge suppressors to prevent costly services, and provide reliable operation.   

Thyristor Surge Suppressors Market Segmentation

Based on the direction type, the thyristor surge suppressors market is segmented into

  • Unidirectional
  • Bi-directional

Based on the mounting type, the thyristor surge suppressors market is segmented into

  • Wall mounted
  • Surface mounted

Based on the application, the thyristor surge suppressors market is segmented into

  • Voltage regulator
  • AC rectifier
  • Industrial power tools
  • Solid-state switches
  • Uninterrupted power supply
  • Others

Based on the end-use industry, the thyristor surge suppressors market is segmented into

  • Medical equipment
  • Consumer electronics
  • Telecommunication
  • Power distribution
  • Utility
  • Others

The report on thyristor surge suppressors market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The thyristor surge suppressors market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The thyristor surge suppressors market report also maps the qualitative impact of various market factors on market segments and geographies.    

Regional analysis for thyristor surge suppressors market includes:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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