Global Thyristors Market, By Product Type (Unidirectional Thyristor and Bidirectional Thyristor), Power Rating (Below 500MW, 500-999MW, and Above 999MW), Application (Industrial Electronics, Consumer Electronics, Communication, and Automotive Electronics), End-Use Sector (Industrial, Civil, and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Thyristors Market
The thyristors market is expected to witness market growth at a rate of 7.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thyristors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the utilization from the advancing countries is escalating the growth of the thyristors market.
A thyristor is referred to as a latch-type semiconductor that turns on when a sustained current (holding current) reaches a set level. A thyristor module turns on by applying a pulse current to a gate current. Thyristor modules play a significant role in power conversion applications. Thyristor modules are meaningfully utilized in electrical applications like high voltage direct current (HVDC) systems for long-distance electric vehicles and power transmission.
Major factors that are expected to boost the growth of the thyristors market in the forecast period are the initiatives taken by the governments across several countries towards the substitute of aging power infrastructure. Furthermore, the rise in the adoption of electric motors in commercial, industrial, and residential applications is further anticipated to propel the growth of the thyristors market. On the other hand, the rise in the infrastructure development price and shortage of technology awareness is further projected to impede the growth of the thyristors market in the timeline period.
In addition, the rise in the acceptance of renewable energy sources and the increasing preference towards utilization of electric and hybrid electric vehicles will further provide potential opportunities for the growth of the thyristors market in the coming years. However, the complicated structure of firing circuits of thyristors might further challenge the growth of the thyristors market in the near future.
This thyristors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thyristors market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Thyristors Market Scope and Market Size
The thyristors market is segmented on the basis of product type, power rating, application, and end-use sector. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the thyristors market has been segmented into unidirectional thyristor and bidirectional thyristor.
- On the basis of power rating, the thyristors market has been segmented into below 500MW, 500-999MW, and above 999MW.
- On the basis of application, the thyristors market has been segmented into industrial electronics, consumer electronics, communication, automotive electronics.
- On the basis of end-use sector, the thyristors market has been segmented into Sector, Industrial, Civil, and others.
Thyristors Market Country Level Analysis
The thyristors market is analyzed, and market size, volume information is provided by country, product type, power rating, application, and the end-use sector as referenced above.
The countries covered in the thyristors market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the thyristors market due to a large number of manufacturers of thyristor modules. Furthermore, the opportunity, many well-established players are focusing on technology advancement in semiconductor products will further boost the growth of the thyristors market in the region during the forecast period. North America is projected to observe a significant amount of growth in the thyristors market due to the requirement for more efficient power transmission systems. Moreover, the increase in the population and sufficient manufacturing capacities is further anticipated to propel the growth in the thyristors market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thyristors Market Share Analysis
The thyristors market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thyristors market.
The major players covered in the thyristors market report are ABB, Siemens, Schneider Electric, Eaton, Honeywell International Inc., Analog Devices, Inc., STMicroelectronics; Infineon Technologies AG, Semiconductor Components Industries, LLC, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Hitachi High-Technologies Corporation, SEMIKRON, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Vishay Intertechnology, Littelfuse, Inc., SHINDENGEN ELECTRIC MANUFACTURING CO., LTD., NXP Semiconductors, Crydom Inc., Central Semiconductor Corp., GeneSiC Semiconductor Inc., Taiwan Semiconductor, Diodes Incorporated, Danfoss and Bourns, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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