Thyristors Devices Market Size to Attain $1479 Million by 2030
According to Zion Market Research, the global thyristors devices market size is projected to reach USD 1479 million by 2030 from its value of USD 829.67 million in 2022, at a CAGR of 7.7% during the forecast period.
NEW YORK, United States, July 21, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Thyristors Devices Market – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. According to the latest research study, the global
Thyristors Devices Market: Growth Factors
- Growing demand for electricity to drive market growth
The global thyristors devices market is anticipated to expand due to the rising demand for electricity. The primary application of these P-N-P-N devices is the control of alternating current (AC). Despite their small size, semiconductors are extensively used in the infrastructure of power generation, including power plants and grids. In addition, one of the primary characteristics of thyristor devices that contributes to their increased adoption is their minimal cost of maintenance. When utilized under optimal conditions, the semiconductor device does not need to be replaced for an extended period of time, allowing for the reallocation of vital resources to other crucial aspects of power generation.
Thyristors Devices Market: Restraints
- Several functional limitations of thyristor devices to restrict market expansion
Despite the reality that thyristor devices have shown superior performance in a variety of applications that utilize extremely high electric current or voltage, the growth of the global thyristors devices market is anticipated to be hampered by the functional limitations of certain thyristor-based devices. For example, thyristor metal inert gas (MIG) welders are only compatible with AC power. They are incompatible with direct current (DC), which is currently required for some welding applications. In addition, these MIG welders are more expensive than other varieties because they are constructed with more complex and costly parts. This is further impacted by the low-performance efficiency of thyristor MIG welders, as they are known to consume more power while generating more heat.
Thyristors Devices Market: Segmentation
The global thyristors devices market is segmented based on application, type, and region.
Based on application, the global market segments are industrial & power, automotive & transportation, computing & communications, and consumer goods. The highest growth was observed in the industrial & power segment in 2022.
Based on type, the thyristors devices industry segments are GCTs, SCR, IGCT, and GTO. GCT stands for Gate Commutated Thyristor, IGCT stands for Integrated Gate-Commutated Thyristor, and GTO stands for Gate Turn-Off Thyristor. The market was led by the SCR segment.
Regional Analysis:
Asia-Pacific is the market’s highest revenue contributor.
Asia-Pacific, led by countries such as China, South Korea, India, and Taiwan, currently dominates the global thyristors devices market. Taiwan and China’s roles as manufacturing hubs for semiconductors are the primary drivers of the region’s higher growth. According to reports, Taiwan exports nearly 90 percent of all sophisticated semiconductors and 60 percent of the world’s total semiconductors. China is the largest purchaser of processors from Taiwan, while the United States has increased its export rate this year due to the demand for advanced semiconductors across all end-user verticals.
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 829.67 Million |
| Market Forecast in 2030 | USD 1479 Million |
| Growth Rate | CAGR of 7.7% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | ON Semiconductor Corporation, ABB Ltd., STMicroelectronics N.V., Toshiba Corporation, Infineon Technologies AG, Mitsubishi Electric Corporation, SEMIKRON International GmbH, Fuji Electric Co. Ltd., Renesas Electronics Corporation, Hitachi Ltd., IXYS Corporation, Littelfuse Inc., Vishay Intertechnology Inc., ROHM Semiconductor, and Microsemi Corporation. |
| Segments Covered | By Application, By Type, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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Recent Industry Developments:
- In May 2023, the Indian government acknowledged receiving an investment proposal of USD 1.53 trillion from 5 international companies for its regional display manufacturing and electronic chip factories.
The global Thyristors Devices market is segmented as follows:
By Application
- Industrial & Power
- Automotive & Transportation
- Computing & Communications
- Consumer Goods
By Type
- GCTs
- SCR
- IGCTs
- GTO
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Thyristors Devices industry?
- What are the main driving factors propelling the Thyristors Devices Market forward?
- What are the leading companies in the Thyristors Devices Industry?
- What segments does the Thyristors Devices Market cover?
- How can I receive a free copy of the Thyristors Devices Market sample report and company profiles?
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