What is Global Thyristors Devices Market?
The Global Thyristors Devices Market is a vast and dynamic sector that encompasses a wide range of electronic devices. These devices, known as thyristors, are a type of semiconductor device that acts as a switch, controlling the flow of electrical power. They are used in a variety of applications, from power transmission and distribution systems to motor drives and renewable energy systems. The global market for these devices is substantial, with a value of US$ 849.6 million in 2022. This market is expected to grow significantly in the coming years, reaching a projected value of US$ 1258.1 million by 2029. This represents a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2029.
SCR, GTO, IGCTs, GCTs, Others in the Global Thyristors Devices Market:
The Global Thyristors Devices Market is segmented into several categories based on the type of thyristor device. These include Silicon Controlled Rectifiers (SCR), Gate Turn-Off Thyristors (GTO), Integrated Gate-Commutated Thyristors (IGCTs), Gate-Commutated Thyristors (GCTs), and others. Each of these types of thyristors has its own unique characteristics and applications. For example, SCRs are commonly used in power electronics due to their high voltage and current handling capabilities. GTOs, on the other hand, are used in high power applications where fast switching is required. IGCTs and GCTs are newer types of thyristors that offer improved performance and efficiency.
Automotive & Transportation, Industrial & Power, Consumer Products, Computing & Communications, Others in the Global Thyristors Devices Market:
The Global Thyristors Devices Market finds its usage in a variety of sectors. These include Automotive & Transportation, Industrial & Power, Consumer Products, Computing & Communications, and others. In the Automotive & Transportation sector, thyristors are used in electric vehicles and hybrid electric vehicles for power control. In the Industrial & Power sector, thyristors are used in power transmission and distribution systems, as well as in industrial motor drives. In the Consumer Products sector, thyristors are used in home appliances and consumer electronics. In the Computing & Communications sector, thyristors are used in data centers and communication networks.
Global Thyristors Devices Market Outlook:
The Global Thyristors Devices Market outlook highlights the competitive landscape of the market. STMicroelectronics, a leading semiconductor company, accounted for about 14% of the global thyristor revenue market share in 2019. Other significant players in the market include WeEn Semiconductors, Infineon, and ON Semiconductor, which accounted for nearly 9%, 8%, and 7% of the market share, respectively. The market is also geographically diverse, with Europe accounting for about 10% of the total thyristor market in 2019, and North America accounting for nearly 13%. This diversity reflects the global demand for thyristor devices and the wide range of applications they serve.
| Report Metric | Details |
| Report Name | Thyristors Devices Market |
| Accounted market size in 2022 | US$ 849.6 million |
| Forecasted market size in 2029 | US$ 1258.1 million |
| CAGR | 5.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | STMicroelectronics, WeEn Semiconductors, Infineon, ON Semiconductor, Mitsubishi Electric, Vishay, JieJie Microelectronics, Renesas Electronics, Littelfuse, Fuji Electric, Toshiba, Semikron, Sanken, ABB, SanRex |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
