Thyristors & Triacs Market Research Report, Its History and Forecast 2024 to 2031

Executive Summary

The global Thyristors & Triacs market research reports indicate that the market is witnessing significant growth due to the increasing demand for energy-efficient electronic devices and the rising adoption of advanced technologies across various industries. The Thyristors & Triacs Market is expected to grow at a CAGR of % during the forecasted period.

Key market trends include a growing focus on renewable energy sources, such as wind and solar power, which are driving the demand for Thyristors & Triacs in power electronics applications. Additionally, the increasing adoption of electric vehicles and smart grid systems is also contributing to the market growth.

In terms of geographical spread, North America (NA), Asia Pacific (APAC), Europe, USA, and China are key regions driving the growth of the Thyristors & Triacs market. The APAC region is expected to witness significant growth in the market due to the rapid industrialization, increasing investments in infrastructure development, and the growing demand for consumer electronics in countries like China and India. North America and Europe are also expected to witness steady growth in the market due to the presence of established semiconductor manufacturers and increasing investments in research and development activities.

Overall, the Thyristors & Triacs market is poised for significant growth during the forecasted period, driven by the increasing demand for energy-efficient electronic devices and the adoption of advanced technologies across various industries. The market is expected to witness substantial growth in key regions like APAC, North America, and Europe, indicating lucrative opportunities for stakeholders in the industry.

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Market Segmentation:

This Thyristors & Triacs Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Thyristors & Triacs Market is segmented into:

• Infineon
• ON Semiconductor
• STMicroelectronics
• Vishay
• Renesas Electronics
• Sanken
• Mitsubishi Electric
• Semikron
• IXYS
• ABB
• NXP

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The Thyristors & Triacs Market Analysis by types is segmented into:

• SCR
• GTO
• IGCTs
• Others

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The Thyristors & Triacs Market Industry Research by Application is segmented into:

• Automotive & Transportation
• Industrial & Power
• Consumer Electronics
• Computing & Communications
• Others

In terms of Region, the Thyristors & Triacs Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Thyristors & Triacs Market

Key drivers in the Thyristors & Triacs market include increasing demand for energy-efficient devices, growing demand for consumer electronics, and rising adoption of industrial automation. Barriers in the market include high initial investment costs, complexity of thyristor and triac technology, and availability of alternative technologies like MOSFETs and IGBTs.

Challenges faced in the market include the growing competition from substitute technologies, stringent government regulations on energy efficiency, and the need for continuous research and development to improve thyristors and triacs performance and reliability. Additionally, the lack of awareness among end-users about the benefits of thyristors and triacs poses a challenge for market growth.

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Competitive Landscape

Infineon is a leading player in the Thyristors & Triacs market, offering a wide range of products for various industrial applications. The company has a strong presence in the automotive, industrial, and power supply sectors. Infineon has a long history of innovation and has consistently invested in research and development to stay ahead of the competition. The company's market growth has been steady over the years, with a focus on addressing the increasing demand for energy-efficient solutions.

ON Semiconductor is another key player in the Thyristors & Triacs market, known for its high-performance products and cutting-edge technology. The company has a global presence and serves customers in various industries such as automotive, communications, and industrial. ON Semiconductor has shown significant market growth by continually expanding its product portfolio and enhancing its manufacturing capabilities.

STMicroelectronics is a prominent player in the Thyristors & Triacs market, offering a wide range of products for various applications. The company has a strong focus on innovation and sustainability, with a commitment to reducing environmental impact. STMicroelectronics has a sizable market share and an extensive customer base in industries such as automotive, industrial, and consumer electronics.

As for sales revenue, Infineon reported a revenue of € billion in the fiscal year 2020. ON Semiconductor reported a revenue of $5.21 billion in the same period. STMicroelectronics reported a revenue of $10.22 billion in the fiscal year 2020. These figures reflect the strong market position and financial performance of these companies in the Thyristors & Triacs market.

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