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The global thyristor market will grow steadily at a CAGR of over 7% during the forecast period, and the prospects for its growth will be bolstered by the growing communication network across the globe. Since a thyristor is a solid-state semiconductor device, its demand during the predicted period will be impelled by factors like the rising demand for power infrastructure in many developed economies and the increased investments in industrial electronics applications such as home automation, medical electronics, test and measurement, energy generation and distribution, and military and civil aerospace. The sale of thyristors is also dependent on the sale of automobiles. Therefore, any increase in the demand for automobiles during the forecast period will also augment the growth prospects for this market.
Technavio’s market research analyst has estimated eminent factors, such as the recent growth of the global smart grid market, to drive the prospects for growth in this market until the end of the estimated period. Smart grids have a significant impact on energy needs, especially concerning the distribution of electricity. Since they enable the integration of distributed energy resources such as power from renewable energy sources, they form an integral part of a sustainable, participatory, decentralized, safe, and secure energy system of the future. Thyristors are utilized in smart grids as they ensure high power quality and are also useful for the effective T&D of power over long distances.
In this market research report, the analysts have estimated the industrial electronics application segment to be the largest revenue generating market segment during the forecast period. Electronic devices in the industrial sector carry medium-to-high power in which the AC source needs to be converted to DC for safer transmission. Due to their high-power control, fast AC-power switching, and the capability to act like a crowbar circuit for over-voltage protection for power supplies, thyristors have been utilized for industrial electronic equipment like factory control switches, garage door openers, and surge protectors. This market segment will surpass USD 1,600 million by 2020.
In 2015, the APAC region dominated this market and accounted for more than 42% of the overall market share. In APAC, factors such as rising investments in power applications will help in the growth of this market until the end of the predicted period. Also, the strong demand for energy-efficient consumer goods that employ thyristors as switching devices will also aid in the growth of this market in APAC.
The global thyristor market is competitive as the adoption of this product is spread across different consumer segments with electronic capabilities. The market is also fragmented due to the presence of a large number of small and regional players. In this market, the vendors that have the capability to adopt growth strategies like integrating more optimized technology will gain a competitive edge over their peers.
The key vendors in the market are -
Other prominent vendors analyzed in this market research are Fairchild Semiconductor, Hitachi, Semikron International, STMicroelectronics, and Toshiba.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Technology landscape
PART 06: Market landscape
PART 07: Market segmentation by application
PART 08: Market application segment attractiveness
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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