Global Thyristor Market 2016-2020

Overview of the global thyristor market

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.

Application-based segmentation of the thyristor market

• Industrial electronics
• Consumer electronics
• Communications
• Automotive electronics

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.

Geographical segmentation of the thyristor market

• Americas
• APAC
• EMEA

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.

Competitive landscape and key vendors

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 -

• ABB
• Infineon Technologies
• Mitsubishi Electric
• ON Semiconductor

Other prominent vendors analyzed in this market research are Fairchild Semiconductor, Hitachi, Semikron International, STMicroelectronics, and Toshiba.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global thyristor market?
• What are the key market trends impacting the growth of the global thyristor market?
• What are the challenges to market growth?
• Who are the key vendors in the global thyristor market?
• What are the market opportunities and threats faced by the vendors in the global thyristor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global thyristor market?

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