Report Details:
15 Companies Covered
128 Pages
Market Research Future (MRFR) has published on the “Global High-power Thyristors Market”.
Market Research Future (MRFR) has published the latest research report on the “Global High-Power Thyristors Market” that contains information from 2018 to 2032. The High-Power Thyristors market is estimated to register a CAGR of 5.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global High-Power Thyristors market— ABB Ltd., Siemens AG, Schneider Electric SE, Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor, Eaton Corporation Plc., Fuji Electric Co., Ltd., Dynex Semiconductor, Hind Rectifiers Limited., Semikron, NTE, Naina Semiconductor ltd., Mitsubishi Electric, NXP, Power Semiconductors, Bourns, Nihon Inter Electronics Corporation, and SanRex Corporation.
High-power Thyristors Market Highlights
The global High-Power Thyristors market is accounted to register a CAGR of 5.30% during the forecast period and is estimated to reach USD 533.252542476113 million by 2032.
Increasing demand for efficient power control solutions across diverse industries is driving the High-Power Thyristors market. As industrial applications and power-dependent systems continue to expand, the need for robust power management solutions becomes crucial. High-power thyristors play a pivotal role in this landscape, offering precise control over electrical power in applications such as motor drives, voltage regulators, and inverters. Additionally, the global shift towards renewable energy sources and the increasing adoption of electric vehicles further contribute to the market's growth. High-power thyristors enable effective control and conversion of power in renewable energy installations and electric vehicle powertrains, driving the market's expansion. The market's trajectory is intricately linked to the imperative for enhanced energy efficiency and optimized power distribution, positioning High-Power Thyristors as indispensable components in modern power systems.
Segment Analysis
The global High-Power Thyristors market has been segmented based on Power Rating and End Use.
Based on Power Rating, the global High-Power Thyristors market has been segmented into 500 MW, 500 MW-1000 MW, and 1000 MW. The 500 MW segment was expected to hold the largest market share in 2022. This is associated with Numerous industrial scenarios, including extensive manufacturing processes and the operation of heavy machinery, frequently necessitating power control solutions within the 500 MW range.
Based on End Use, the global High-Power Thyristors market has been segmented into Consumer Electronics, Telecommunication and networking, Industrial, Automotive, Aerospace and defense, and Others. The industrial segment was anticipated to hold the major market share in 2022. Industrial scenarios frequently entail the utilization of extensive machinery and manufacturing processes, demanding significant power control which contributed to the dominance of the segment.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of High-power Thyristors Market Research Report
Regional Analysis
The global High-Power Thyristors market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe High-Power Thyristors market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The High-Power Thyristors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World High high-power thyristors market comprises of Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for High-Power Thyristors due to its advanced industrial infrastructure and the concentration of vital sectors like manufacturing, automotive, aerospace, and defense. This region stands at the forefront of technological advancements and displays a notable adoption rate for cutting-edge power control solutions. Furthermore, the escalating focus on renewable energy and the rising integration of electric vehicles further bolster the demand for High-Power Thyristors in North America.
Moreover, the Europe market has been persistently growing over the forecast period due to its robust emphasis on sustainable energy practices and industrial automation. This region is actively channeling investments into renewable energy initiatives, encompassing projects such as wind and solar power installations, consequently fueling the demand for high-power thyristors within power electronics systems.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period driven by its swift industrialization, extensive manufacturing endeavors, and a growing appetite for consumer electronics. Serving as a significant hub for electronic manufacturing, the region is witnessing an upswing in the incorporation of power electronics, particularly in industrial automation and telecommunications, thereby fortifying the demand for high-power thyristors.
Furthermore, the rest of the world's High-Power Thyristors market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rise in the automotive sector, the growing adoption of renewable energy, and the rise in the manufacturing sector.
Key Findings of the Study
- The global High-Power Thyristors market is expected to reach USD 533.252542476113 million by 2032, at a CAGR of 5.30% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to industrialization, rise in the manufacturing sector, and growth of the consumer electronics industry
- Based on Power Rating, the 500 MW segment was attributed to holding the largest market in 2022, with approximately more than one-third market share.
- ABB Ltd., Siemens AG, Schneider Electric SE, Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor, Eaton Corporation Plc., Fuji Electric Co., Ltd., Dynex Semiconductor, Hind Rectifiers Limited., Semikron, NTE, Naina Semiconductor ltd., Mitsubishi Electric, NXP, Power Semiconductors, Bourns, Nihon Inter Electronics Corporation, and SanRex Corporation.