Thyristor Market Synopsis:
Thyristor Market Size Was Valued at USD 1.50 Billion in 2023, and is Projected to Reach USD 2.24 Billion by 2032, Growing at a CAGR of 4.60 % From 2024-2032.
The Thyristor market concerns the manufacture, marketing, and selling of semiconductor devices applied to tackle electrical power in numerous operations. Thyristors are employed for switching and regulation of high voltage/ high current circuits and applications thy are prevalent in industrial tools consumer electronics and power control. These devices play an important role when it comes to the flow of electrical currents; some of the benefits include; reliability, effectiveness, but most importantly their ability to work under high voltage.
The expansion of the Thyristor market can be attributed to the establishment in various industries of power control systems that act as energy-saving equipment. The introduction of automation in industrial application, especially motor control and power applied area, accelerates the demand for high-performance semiconductor products such as thyristors. Further, the EV and renewable energy sources including the solar and wind power also requires energy conversion and control technologies where thyristors are important.
Thus, innovations to thyristor fabrication processes and material also play an important role in the market. Technological advances such as high voltage, high current thyristors promote the utilization of thyristors in power stations and the transportation sector. Furthermore, the increasing implementation of smart grid, energy storage systems, and green energy infrastructures also drive the demand to a larger extent that thyristors are indispensable to the new era of power systems.
Thyristor Market Trend Analysis:
Continual reduction of size of these components
- Another important emerging trend that can be identified in the Thyristor market is the continual reduction of size of these components. As the semiconductor technology continues to improve, the makers of thyristors are making them even smaller, more efficient units with better performance characteristics but with less space requirements in electronic circuits. : This trend is rather significant in consumer electronics and automotive markets, where employing space is critical.
- The final one is the trend of applying thyristors in the development of the increasing number of renewable energy systems. The increasing number of countries moving towards sustainable energy solutions means that power control devices such as thyristors become highly vital in dealing with fluctuating and power conversion requirements of solar and wind energy systems. This trend shows that thyristors are increasingly becoming applied with higher level grid management technologies, making newer uses of the device.
Thyristors are extensively used in the power electronics
- Using the Thyristor in the automotive industry, EVs and the hybrid vehicle will massively drive the Thyristor market. Thyristors are extensively used in the power electronics of electric vehicles with applications in motor drive, battery charging, and energy control systems. With gradually shifting of global automotive industry towards electric mobility, the docking of sophisticated thyristors is likely to increase.
- The other social opportunity could be found in the upgrades and growing outlay of electrical systems, especially in the developing world. As the world becomes more urbanised and industrialised, Asia Pacific, Africa and Latin American nations are investing more in smart grids and distribution networks, where thyristors are critical in the control of power flow. These areas depict undeveloped markets of thyristor technologies where market players may realize potential growth.
Thyristor Market Segment Analysis:
Thyristor Market Segmented on the basis of Type, Application, End User, and Region.
By Type, Silicon Controlled Rectifiers (SCR) segment is expected to dominate the market during the forecast period
- When analyzing the Thyristor market it can be divided by type such as Silicon Controlled Rectifiers (SCR), Triacs, Shockley Diodes and other Thyristors. As mentioned earlier, they are highly preferred in power control applications and particularly in high voltage because they can handle also high current. It is used mainly for AC applications, that is, triacs offer bidirectional control. Shockley Diodes are smaller power components that are less complicated than Kernot Diodes. Each type finds its used in different aspects of power management making them important in industries such as industrial, automobile and electronics.
By Application, Power Control segment expected to held the largest share
- There are several industries where thyristors are used: as control of power, motor control, light control, heater control, overcurrent devices, etc. In the power control, thyristors control electric current supply in order to maintain order and efficiency of energy supplies. In motor control application, thyristors find use in maintaining speed and torque in the motor. They assist them in modulation of voltage and current thus improving control of artificial lighting. Thyristors are also used in heater control with the purpose to keep temperature constant. Overcurrent protection systems include thyristors, which control the power flow, in order to avoid overload when high currents are measured.
Thyristor Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Thyristor market in Asia Pacific region enjoys the greatest market share among the global regions. The WEG is dominant especially due to the increasing industrial base, higher consumer electronics use, and expansion of generation and distribution networks. Huge consumers of thyristor-based technologies are china, India and Japan in industrial automation applications in electric vehicles and renewable energy systems. The trend toward sustainable energy sources as well as smart grid also encourages greater need for high performance power control components in the region.
- Thus, Asia Pacific got benefited from low cost manufacturing and highest technological development in semiconductor devices for thyristor manufacturing. A higher deployment of electric vehicles and the flourishing of renewable energy segment in this region are the key factors that can further open opportunities for growth of thyristors.
Active Key Players in the Thyristor Market:
- ABB (Switzerland)
- Fuji Electric (Japan)
- Infineon Technologies (Germany)
- Mitsubishi Electric (Japan)
- NXP Semiconductors (Netherlands)
- ON Semiconductor (USA)
- Schneider Electric (France)
- STMicroelectronics (Switzerland)
- Texas Instruments (USA)
- Toshiba Corporation (Japan)
- Other Active Players
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Global Thyristor Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.50 Billion |
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Forecast Period 2024-32 CAGR: |
4.60 % |
Market Size in 2032: |
USD 2.24 Billion |
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Segments Covered: |
By Type |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Thyristor Market by Type
4.1 Thyristor Market Snapshot and Growth Engine
4.2 Thyristor Market Overview
4.3 Passive Transdermal Delivery Systems
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Passive Transdermal Delivery Systems: Geographic Segmentation Analysis
4.4 Active Transdermal Delivery Systems.
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Active Transdermal Delivery Systems.: Geographic Segmentation Analysis
Chapter 5: Thyristor Market by Technology
5.1 Thyristor Market Snapshot and Growth Engine
5.2 Thyristor Market Overview
5.3 Iontophoresis
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Iontophoresis: Geographic Segmentation Analysis
5.4 Sonophoresis
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Sonophoresis: Geographic Segmentation Analysis
5.5 Electroporation
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Electroporation: Geographic Segmentation Analysis
5.6 Thermal Ablation
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Thermal Ablation: Geographic Segmentation Analysis
5.7 Microneedles
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Microneedles: Geographic Segmentation Analysis
5.8 Others.
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others.: Geographic Segmentation Analysis
Chapter 6: Thyristor Market by Application
6.1 Thyristor Market Snapshot and Growth Engine
6.2 Thyristor Market Overview
6.3 Pain Management
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Pain Management: Geographic Segmentation Analysis
6.4 Central Nervous System Disorders
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Central Nervous System Disorders: Geographic Segmentation Analysis
6.5 Hormonal Disorders
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Hormonal Disorders: Geographic Segmentation Analysis
6.6 Cardiovascular Disorders
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Cardiovascular Disorders: Geographic Segmentation Analysis
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation Analysis
Chapter 7: Thyristor Market by End User
7.1 Thyristor Market Snapshot and Growth Engine
7.2 Thyristor Market Overview
7.3 Hospitals
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Hospitals: Geographic Segmentation Analysis
7.4 Home Care Settings
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Home Care Settings: Geographic Segmentation Analysis
7.5 Others
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Others: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Thyristor Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 ABB (SWITZERLAND)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 INFINEON TECHNOLOGIES (GERMANY)
8.4 MITSUBISHI ELECTRIC (JAPAN)
8.5 NXP SEMICONDUCTORS (NETHERLANDS)
8.6 ON SEMICONDUCTOR (USA)
8.7 SCHNEIDER ELECTRIC (FRANCE)
8.8 STMICROELECTRONICS (SWITZERLAND)
8.9 TEXAS INSTRUMENTS (USA)
8.10 TOSHIBA CORPORATION (JAPAN)
8.11 FUJI ELECTRIC (JAPAN)
8.12 OTHER ACTIVE PLAYERS
Chapter 9: Global Thyristor Market By Region
9.1 Overview
9.2. North America Thyristor Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Type
9.2.4.1 Passive Transdermal Delivery Systems
9.2.4.2 Active Transdermal Delivery Systems.
9.2.5 Historic and Forecasted Market Size By Technology
9.2.5.1 Iontophoresis
9.2.5.2 Sonophoresis
9.2.5.3 Electroporation
9.2.5.4 Thermal Ablation
9.2.5.5 Microneedles
9.2.5.6 Others.
9.2.6 Historic and Forecasted Market Size By Application
9.2.6.1 Pain Management
9.2.6.2 Central Nervous System Disorders
9.2.6.3 Hormonal Disorders
9.2.6.4 Cardiovascular Disorders
9.2.6.5 Others
9.2.7 Historic and Forecasted Market Size By End User
9.2.7.1 Hospitals
9.2.7.2 Home Care Settings
9.2.7.3 Others
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Thyristor Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Type
9.3.4.1 Passive Transdermal Delivery Systems
9.3.4.2 Active Transdermal Delivery Systems.
9.3.5 Historic and Forecasted Market Size By Technology
9.3.5.1 Iontophoresis
9.3.5.2 Sonophoresis
9.3.5.3 Electroporation
9.3.5.4 Thermal Ablation
9.3.5.5 Microneedles
9.3.5.6 Others.
9.3.6 Historic and Forecasted Market Size By Application
9.3.6.1 Pain Management
9.3.6.2 Central Nervous System Disorders
9.3.6.3 Hormonal Disorders
9.3.6.4 Cardiovascular Disorders
9.3.6.5 Others
9.3.7 Historic and Forecasted Market Size By End User
9.3.7.1 Hospitals
9.3.7.2 Home Care Settings
9.3.7.3 Others
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Thyristor Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Type
9.4.4.1 Passive Transdermal Delivery Systems
9.4.4.2 Active Transdermal Delivery Systems.
9.4.5 Historic and Forecasted Market Size By Technology
9.4.5.1 Iontophoresis
9.4.5.2 Sonophoresis
9.4.5.3 Electroporation
9.4.5.4 Thermal Ablation
9.4.5.5 Microneedles
9.4.5.6 Others.
9.4.6 Historic and Forecasted Market Size By Application
9.4.6.1 Pain Management
9.4.6.2 Central Nervous System Disorders
9.4.6.3 Hormonal Disorders
9.4.6.4 Cardiovascular Disorders
9.4.6.5 Others
9.4.7 Historic and Forecasted Market Size By End User
9.4.7.1 Hospitals
9.4.7.2 Home Care Settings
9.4.7.3 Others
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Thyristor Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Type
9.5.4.1 Passive Transdermal Delivery Systems
9.5.4.2 Active Transdermal Delivery Systems.
9.5.5 Historic and Forecasted Market Size By Technology
9.5.5.1 Iontophoresis
9.5.5.2 Sonophoresis
9.5.5.3 Electroporation
9.5.5.4 Thermal Ablation
9.5.5.5 Microneedles
9.5.5.6 Others.
9.5.6 Historic and Forecasted Market Size By Application
9.5.6.1 Pain Management
9.5.6.2 Central Nervous System Disorders
9.5.6.3 Hormonal Disorders
9.5.6.4 Cardiovascular Disorders
9.5.6.5 Others
9.5.7 Historic and Forecasted Market Size By End User
9.5.7.1 Hospitals
9.5.7.2 Home Care Settings
9.5.7.3 Others
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Thyristor Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Type
9.6.4.1 Passive Transdermal Delivery Systems
9.6.4.2 Active Transdermal Delivery Systems.
9.6.5 Historic and Forecasted Market Size By Technology
9.6.5.1 Iontophoresis
9.6.5.2 Sonophoresis
9.6.5.3 Electroporation
9.6.5.4 Thermal Ablation
9.6.5.5 Microneedles
9.6.5.6 Others.
9.6.6 Historic and Forecasted Market Size By Application
9.6.6.1 Pain Management
9.6.6.2 Central Nervous System Disorders
9.6.6.3 Hormonal Disorders
9.6.6.4 Cardiovascular Disorders
9.6.6.5 Others
9.6.7 Historic and Forecasted Market Size By End User
9.6.7.1 Hospitals
9.6.7.2 Home Care Settings
9.6.7.3 Others
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Thyristor Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Type
9.7.4.1 Passive Transdermal Delivery Systems
9.7.4.2 Active Transdermal Delivery Systems.
9.7.5 Historic and Forecasted Market Size By Technology
9.7.5.1 Iontophoresis
9.7.5.2 Sonophoresis
9.7.5.3 Electroporation
9.7.5.4 Thermal Ablation
9.7.5.5 Microneedles
9.7.5.6 Others.
9.7.6 Historic and Forecasted Market Size By Application
9.7.6.1 Pain Management
9.7.6.2 Central Nervous System Disorders
9.7.6.3 Hormonal Disorders
9.7.6.4 Cardiovascular Disorders
9.7.6.5 Others
9.7.7 Historic and Forecasted Market Size By End User
9.7.7.1 Hospitals
9.7.7.2 Home Care Settings
9.7.7.3 Others
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global Thyristor Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.50 Billion |
|
Forecast Period 2024-32 CAGR: |
4.60 % |
Market Size in 2032: |
USD 2.24 Billion |
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Segments Covered: |
By Type |
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By Application |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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