Global Thyristors Devices Market Growth 2023-2029

Global Thyristors Devices Market Growth 2023-2029
According to our (LP Info Research) latest study, the global Thyristors Devices market size was valued at US$ 695.5 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Thyristors Devices is forecast to a readjusted size of US$ 1200.7 million by 2029 with a CAGR of 8.1% during review period.

The research report highlights the growth potential of the global Thyristors Devices market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Thyristors Devices are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Thyristors Devices. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Thyristors Devices market.

Thyristors devices are semiconductor devices used for controlling and switching electric power. They belong to the family of semiconductor devices known as "power semiconductors" which are capable of handling high voltages and currents.

Thyristor can be classified into SCR and TRIAC according to the direction of current control. SCRs are unidirectional devices and conduct load current in only one direction. SCRs are triggered by a positive trigger current into the gate. Low power applications include circuit breakers like GFCI and engine ignition circuits. High power applications include motor control, inrush current protection, battery chargers, SMPS and UPS. TRIACs are current-controlled, bidirectional power latches, designed to control AC-mains loads. TRIACs are mainly used in home appliances, electrical (water) heaters, lamp dimmers and motor control applications.

Global 5 largest manufacturers of Thyristors Devices are STMicroelectronics, JieJie Microelectronics, WeEn Semiconductors, Renesas Electronics and Littelfuse, which make up over 65%. Among them, STMicroelectronics is the leader with about 22% market share.

In terms of product type, SCR occupies the largest share of the total market, more than 70%. In terms of product application, Computing & Communications occupy the largest share of the total market, about 40%.

Key Features:

The report on Thyristors Devices market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Thyristors Devices market. It may include historical data, market segmentation by Type (e.g., SCR, TRIAC), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Thyristors Devices market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Thyristors Devices market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Thyristors Devices industry. This include advancements in Thyristors Devices technology, Thyristors Devices new entrants, Thyristors Devices new investment, and other innovations that are shaping the future of Thyristors Devices.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Thyristors Devices market. It includes factors influencing customer ' purchasing decisions, preferences for Thyristors Devices product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Thyristors Devices market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Thyristors Devices market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Thyristors Devices market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Thyristors Devices industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Thyristors Devices market.

Market Segmentation:

Thyristors Devices market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
SCR
TRIAC

Segmentation by application
Automotive & Transportation
Industrial Control
Consumer Electronics
Computing & Communications
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
STMicroelectronics
WeEn Semiconductors
Littelfuse
Renesas Electronics
JieJie Microelectronics
Vishay
Shindengen Electric
Semikron Danfoss
Diodes Incorporated
Sanken Electric
SanRex
Central Semiconductor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thyristors Devices market?

What factors are driving Thyristors Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thyristors Devices market opportunities vary by end market size?

How does Thyristors Devices break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.