The High-power Thyristors Market Size was valued at USD 321.2 million in 2022. The High-power Thyristors Market industry is projected to grow USD 533.252542476113 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2023 - 2032). The growing demand for efficient power control solutions in industrial applications and the increasing adoption of renewable energy sources are the key market drivers fueling the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for high-power thyristors is being driven by escalating demand for efficient power control solutions across various industries. As technological advancements continue to shape the global industrial landscape, there is a growing emphasis on optimizing energy consumption and enhancing overall operational efficiency. High-power Thyristors play a crucial role in power electronics, enabling precise control of electrical power in systems such as motor drives, voltage regulators, and inverters. In industrial applications, where power consumption is often substantial, the deployment of High-power Thyristors facilitates effective power management. These components are particularly vital in heavy industries such as manufacturing, where large electric motors and machinery require controlled power distribution for seamless operation. The ability of High-power Thyristors to handle high voltage and current levels makes them essential for applications demanding robust and reliable power control.
The global push toward sustainable and renewable energy sources serves as another key driver for the High-power Thyristors market. With a growing awareness of environmental concerns and the need to reduce carbon emissions, there is a substantial shift towards renewable energy technologies such as wind and solar power. High-power Thyristors find extensive application in the control and conversion systems of renewable energy installations, facilitating the efficient harnessing and distribution of power generated from these sources.
Additionally, ongoing research and development efforts are leading to the evolution of thyristor technology, enhancing key performance parameters such as switching speed, power density, and reliability. The development of advanced materials and innovative manufacturing processes contributes to the production of High-power Thyristors with improved efficiency and reduced losses.
According to the International Energy Agency (IEA), the global electric car stock surpassed 10 million in 2020, with sales continuing to rise. Moreover, there has been a rise in the adoption of renewable energy with global renewable energy capacity crossing 2799 GW in 2020. As a result demand for High-power Thyristors will increase due to the growing automotive sector and increased adoption of renewable energy. Thus, driving the High-power Thyristors market revenue.
The High-power Thyristors Market segmentation, based on Power Rating includes 500 MW, 500 MW-1000 MW, 1000 MW. The 500 MW segment dominated the market, accounting for more than one-third of market revenue. As Many industrial applications, such as large-scale manufacturing processes and heavy machinery operations, often require power control solutions in the range of 500 MW the above segment is dominating the market.
The High-power Thyristors Market segmentation, based on End Use includes Consumer Electronics, Telecommunication & Networking, Industrial, Automotive, Aerospace & Defense, Others. The industrial segment dominated the market, accounting for more than quarter of market revenue. This is attributed to the fact that Industrial applications often involve large-scale machinery and manufacturing processes that require substantial power control, which increases the demand for high-power thyristors.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American High-power Thyristors market area will dominate this market due to its advanced industrial infrastructure and the presence of key industries such as manufacturing, automotive, aerospace, and defense. The region is at the forefront of technological innovations and has a high adoption rate for advanced power control solutions.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe High-power Thyristors market accounts for the second-largest market share owing to its strong focus on sustainable energy practices and industrial automation. The European region has been actively investing in renewable energy projects, including wind and solar power installations, driving the demand for High-power Thyristors in power electronics systems. Further, the Germany High-power Thyristors market held the largest market share, and the UK High-power Thyristors market was the fastest-growing market in the European region
The Asia-Pacific High-power Thyristors Market is expected to grow at the fastest CAGR from 2023 to 2032 due to its rapid industrialization, large-scale manufacturing activities, and the burgeoning demand for consumer electronics. Moreover, China’s High-power Thyristors market held the largest market share, and the Indian High-power Thyristors market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in R&D to introduce innovative High-power Thyristor products. This includes improvements in performance, efficiency, and the ability to handle higher power ratings. Market participants are also adopting a variety of strategic activities to expand their global footprint, with significant market developments including new product launches, Customization for Specific Applications, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations and research institutes. To foster growth and survive in a more competitive and rising market climate, High-power Thyristors industry must offer customized solution.
Establishing subsidiaries, distribution networks, and strategic alliances with local partners helps companies navigate regulatory environments and better understand regional customer needs. Hence many global player have adopted these tactics to increase their market share in global High-power Thyristors industry. In recent years, the High-power Thyristors industry has offered some of the most significant advantages to Consumers. Major players in the High-power thyristors market, including ABB Ltd., Siemens AG, Schneider Electric SE, Honeywell International Inc., Analog Devices, Inc., and others, are attempting to increase market demand by investing in product development to increase their product line and cater to diverse consumer needs.
Siemens is a prominent technology company, specializing in industry, infrastructure, transport, and healthcare solutions. With a focus on resource-efficient factories, resilient supply chains, and advanced healthcare technologies, Siemens creates purpose-driven innovations that bring tangible value to its customers. By seamlessly integrating the physical and digital realms, Siemens empowers industries to undergo transformative changes, shaping the everyday experiences of billions worldwide. Siemens Healthineers, in which Siemens holds a majority stake, is a leading global medical technology provider shaping the future of healthcare. Additionally, Siemens holds a strategic minority stake in Siemens Energy, a key player in electrical power transmission and generation. In September 2021, Digi-Key Electronics has announced a distribution partnership with Siemens, expanding its product offerings to include Siemens' extensive range of automation and control products.
ST is a prominent global semiconductor leader renowned for providing intelligent and energy-efficient products that serve as the backbone of everyday electronics. With a pervasive presence across diverse applications, ST's semiconductor solutions empower smarter driving, factories, cities, homes, and the evolution of mobile and Internet of Things devices. Collaborating closely with clients, ST plays a pivotal role in advancing technology to enhance the quality of life. The company's commitment to "life. augmented" reflects its dedication to maximizing the potential of technology, contributing to the seamless integration of intelligent solutions into various aspects of modern life. In June 2022, STMicroelectronics has introduced AEC-Q101 Qualified SCR Thyristors designed for battery chargers, addressing power loss dissipation challenges. With applications in electric vehicle on-board chargers (3.7 to 22 kW range), these Thyristors boast a surge current capability of 600 A and a reliable 200 A/s turn-on performance. Specifically engineered for managing capacitor discharges, they offer compatibility with battery management systems, enhancing their applicability in electric vehicles.
October 2021: Renesas has introduced triac and Thyristor devices featuring a secure junction temperature (Tj) of 150 °C across various packaging options. These Thyristors find extensive applications in consumer electronic devices such as washing machines and televisions.
May 2021: Hitachi has unveiled BiPolar Thyristor power modules featuring industry-standard housings and a capacity for low power loss. These modules operate at elevated temperatures, ensuring heightened reliability and performance. Widely employed in the manufacturing industry, these transistors play a pivotal role in enhancing efficiency and minimizing power loss.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 321.2 Million |
| Market Size 2032 | USD 533.252542476113 Million |
| Compound Annual Growth Rate (CAGR) | 5.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Power Rating, End Use, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 |
| Key Market Opportunities | ·      Increasing Demand for Efficient Power Control Solutions across various industries is fueling the market growth |
| Key Market Dynamics | ·      Increasing Adoption of Renewable Energy Sources is driving the market for High-power thyristors |
Frequently Asked Questions (FAQ) :
The High-power Thyristors Market size was valued at USD 321.2 million in 2022.
The global market is projected to grow at a CAGR of 5.30% during the forecast period, 2023-2032.
North America had the largest share of the global market
The key players in the market are Analog Devices, Inc., STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor, Eaton Corporation Plc., and Fuji Electric Co., Ltd.
The 500 MW category dominated the market in 2022.
The industrial segment had the largest share in the global market.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
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