Thyristor Market By Product Type (Triac, Silicon-Controlled Rectifier (SCR), Diode-Thyristor (DT), Light-Triggered Thyristor), By Application (Power Electronics, Industrial Equipment, Consumer Electronics, Automotive, Renewable Energy), By End-User Industry (Automotive Industry, Electrical & Electronics, Power Generation, Industrial Automation, Telecommunication), By Voltage Class (Low Voltage, Medium Voltage, High Voltage), By Technology (Analog Thyristor, Digital Thyristor); Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Thyristor Market was valued at USD 1.3 Billion in 2024-e and will surpass USD 2.0 Billion by 2030; growing at a CAGR of 7.4% during 2025-2030.

The global thyristor market is experiencing significant growth as thyristors play a crucial role in controlling the flow of electrical energy within various systems. These semiconductor devices are widely used in applications ranging from industrial automation to renewable energy generation, helping to enhance the performance, reliability, and efficiency of electrical systems. As industries worldwide continue to demand smarter and more efficient solutions, the thyristor market is expected to see sustained growth, driven by the rising adoption of power electronics, electric vehicles, and energy-efficient technologies.

The increasing use of power devices across different verticals such as automotive, telecommunications, and power generation, along with technological advancements in thyristor-based solutions, is contributing to this market expansion. Additionally, the growing investments in renewable energy and electric vehicles are providing new growth opportunities for thyristor manufacturers. As a result, the market is seeing both established and emerging players striving to meet these demands with enhanced product offerings and new technological innovations.

Triac Segment is Largest Owing to Its Extensive Use in Consumer Electronics

The Triac segment stands as the largest in the thyristor market due to its widespread application in household and consumer electronic devices. Triacs are particularly suited for AC (alternating current) applications, where they efficiently control the power flow in various appliances, lighting systems, and heating devices. This makes Triacs integral in devices like dimmer switches, motor speed controls, and thermostats, which are common in residential and commercial settings.

The growth in consumer electronics, coupled with the increasing demand for energy-efficient devices, continues to bolster the popularity of Triac-based thyristors. Furthermore, Triacs are relatively inexpensive to manufacture and offer a high degree of reliability, making them an attractive option for both manufacturers and end-users. As a result, the adoption of Triacs is expected to maintain a stronghold in the market, especially in regions with high consumer electronics penetration.

 Thyristor Market  Size

SCR Segment is Fastest Growing Due to Demand from Industrial Automation

The Silicon-Controlled Rectifier (SCR) segment is the fastest growing within the thyristor market, primarily driven by its increasing demand in industrial automation applications. SCRs are widely used in applications such as motor control, power regulation, and high-efficiency power conversion. As industries move towards more automated, energy-efficient, and cost-effective systems, SCRs play a pivotal role in optimizing these processes, providing a seamless way to control power in complex industrial environments.

The growth of industrial automation, especially in emerging markets, is leading to a surge in SCR adoption. The ability of SCRs to handle high voltages and their efficiency in power conversion processes make them ideal for industries like manufacturing, robotics, and chemical processing, where precise control over power is crucial. With industries increasingly investing in automation to enhance productivity, SCRs are expected to dominate this segment for the foreseeable future.

Renewable Energy Segment is Fastest Growing Owing to the Shift to Sustainable Power

The renewable energy application segment is the fastest growing in the thyristor market, driven by the global shift toward cleaner, more sustainable energy sources. Thyristors are critical components in renewable energy systems, especially in wind and solar power generation, where they help in controlling the flow of electricity and managing the conversion of energy. Their role in controlling voltage and regulating power makes them ideal for integrating renewable energy sources into existing power grids.

The push for renewable energy adoption is not only driven by environmental concerns but also by the global need for energy security. As governments around the world implement policies to reduce carbon emissions, renewable energy systems are becoming more widely adopted. This in turn accelerates the need for reliable and efficient power control systems, further boosting the demand for thyristors in this sector. Given the rapid expansion of renewable energy infrastructure, this segment is expected to continue to experience robust growth in the coming years.

Electrical & Electronics Industry Drives Demand for Thyristors in End-User Sector

The electrical and electronics industry is the largest end-user of thyristors, as these components are integral to the functioning of various electronic devices and electrical systems. From power supplies and rectifiers to battery charging systems and light dimmers, thyristors enable efficient power management, contributing significantly to the performance and energy efficiency of these systems. Their ability to handle high power and voltage fluctuations makes them essential for a wide range of electrical and electronic products.

The increasing demand for consumer electronics, such as smartphones, home appliances, and gaming devices, is expected to drive the growth of the thyristor market within the electrical and electronics sector. Additionally, the trend toward miniaturization of electronic devices is pushing manufacturers to create more compact yet highly efficient power control components, creating new opportunities for thyristor innovations.

Low Voltage Segment is Largest in Voltage Class Due to Consumer Electronics Adoption

The low voltage segment dominates the thyristor market due to its extensive application in consumer electronics and residential power systems. Low voltage thyristors are commonly found in electronic appliances, lighting systems, and home automation products. They provide an efficient and cost-effective way to regulate electrical flow, ensuring that devices operate smoothly and efficiently. The widespread use of low voltage power supplies in various devices, from small household appliances to office equipment, is a significant factor contributing to the dominance of this segment.

As consumer electronics and smart home technologies continue to advance, the demand for low voltage thyristors will remain strong. With an increasing number of electronic products designed for energy efficiency and reduced environmental impact, the low voltage segment is well-positioned to maintain its leadership in the market.

Digital Thyristor Technology is Gaining Traction in the Market

Digital thyristors are gaining traction in the market as they provide enhanced control, flexibility, and efficiency compared to analog thyristors. These advanced devices can be more easily integrated with modern digital systems, enabling improved power management and data processing in various applications. Digital thyristors offer the advantage of faster switching times and precise control over voltage and current, making them particularly suitable for use in advanced power electronics systems, such as those found in electric vehicles, renewable energy systems, and high-speed industrial automation.

The rise in demand for energy-efficient systems and the increasing use of IoT and automation technologies are driving the growth of digital thyristors. Their ability to work seamlessly with digital systems allows for more sophisticated control and optimization, which is becoming crucial in industries looking to improve operational efficiency.

Asia-Pacific Region is Largest Market for Thyristors

The Asia-Pacific region holds the largest share of the global thyristor market, driven by strong demand from countries like China, India, Japan, and South Korea. These countries are leading the charge in industrialization, with significant investments in power generation, manufacturing, and automotive sectors. The rapid growth of renewable energy projects in the region, particularly solar and wind energy, further boosts the demand for thyristors.

In addition to renewable energy, the automotive industry in Asia-Pacific, particularly the rise of electric vehicles, is contributing significantly to the demand for thyristors. As these countries continue to modernize and expand their infrastructure, the demand for power electronics, including thyristors, is expected to remain strong, ensuring that Asia-Pacific will continue to be a dominant region in the global thyristor market.

 Thyristor Market  Size by Region 2030

Competitive Landscape and Leading Companies

The global thyristor market is highly competitive, with several key players striving to capture market share through product innovations, strategic acquisitions, and expansion efforts. Leading companies such as ABB Ltd., Mitsubishi Electric, Siemens AG, and Infineon Technologies are at the forefront of the market, offering advanced thyristor solutions that cater to a wide range of applications, from industrial automation to renewable energy systems. These companies are investing heavily in research and development to enhance the performance and efficiency of their products.

The competitive landscape is also characterized by a growing number of smaller players that focus on niche markets, such as electric vehicle charging systems and residential smart power solutions. Collaboration between these players and OEMs (Original Equipment Manufacturers) is becoming a key strategy to expand their product portfolios and market presence. Additionally, mergers and acquisitions are being increasingly used by larger companies to strengthen their capabilities in specific applications, further intensifying the competition in the market.

List of Leading Companies:

  • ABB Ltd.
  • Mitsubishi Electric Corporation
  • Siemens AG
  • General Electric Company
  • Schneider Electric
  • NXP Semiconductors
  • Infineon Technologies AG
  • Toshiba Corporation
  • ON Semiconductor
  • STMicroelectronics
  • Fuji Electric Co., Ltd.
  • Eaton Corporation
  • Texas Instruments
  • IXYS Corporation
  • Renesas Electronics Corporation

Recent Developments:

  • ABB announced a new high-performance thyristor-based power switching solution aimed at enhancing grid efficiency in renewable energy systems.
  • Mitsubishi Electric has introduced an innovative thyristor for electric vehicle chargers, improving charging speeds and reliability.
  • Siemens has partnered with a major automotive manufacturer to integrate thyristors into their next-generation electric vehicles for better power management.
  • Infineon Technologies launched a new line of high-efficiency thyristors for industrial automation applications, aimed at reducing energy consumption.
  • STMicroelectronics recently acquired a semiconductor company, expanding its thyristor product line to support power systems in automotive and industrial sectors.

Report Scope:

Report Features

Description

Market Size (2024-e)

USD 1.3 Billion

Forecasted Value (2030)

USD 2.0 Billion

CAGR (2025 – 2030)

7.4%

Base Year for Estimation

2024-e

Historic Year

2023

Forecast Period

2025 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Thyristor Market By Product Type (Triac, Silicon-Controlled Rectifier (SCR), Diode-Thyristor (DT), Light-Triggered Thyristor), By Application (Power Electronics, Industrial Equipment, Consumer Electronics, Automotive, Renewable Energy), By End-User Industry (Automotive Industry, Electrical & Electronics, Power Generation, Industrial Automation, Telecommunication), By Voltage Class (Low Voltage, Medium Voltage, High Voltage), By Technology (Analog Thyristor, Digital Thyristor); Global Insights & Forecast (2023 – 2030)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

ABB Ltd., Mitsubishi Electric Corporation, Siemens AG, General Electric Company, Schneider Electric, NXP Semiconductors, Infineon Technologies AG, Toshiba Corporation, ON Semiconductor, STMicroelectronics, Fuji Electric Co., Ltd., Eaton Corporation, Texas Instruments, IXYS Corporation, Renesas Electronics Corporation

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

Frequently Asked Questions

The Thyristor Market was valued at USD 1.3 Billion in 2024-e and is expected to grow at a CAGR of over 7.4% from 2025 to 2030.

The global thyristor market is expected to grow significantly due to increasing demand from various industrial and automotive applications.

Rising adoption of power electronics in renewable energy and industrial automation systems are primary growth drivers.

Asia-Pacific holds the largest market share due to the presence of major electronics and automotive manufacturers in countries like China and Japan.

High production costs and the need for advanced manufacturing processes are among the key challenges in the thyristor market.

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Thyristor Market, by Product Type (Market Size & Forecast: USD Million, 2023 – 2030)

   4.1. Triac

   4.2. Silicon-Controlled Rectifier (SCR)

   4.3. Diode-Thyristor (DT)

   4.4. Light-Triggered Thyristor (LTT)

5. Thyristor Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030)

   5.1. Power Electronics

   5.2. Industrial Equipment

   5.3. Consumer Electronics

   5.4. Automotive

   5.5. Renewable Energy

6. Thyristor Market, by End-User Industry (Market Size & Forecast: USD Million, 2023 – 2030)

   6.1. Automotive Industry

   6.2. Electrical & Electronics

   6.3. Power Generation

   6.4. Industrial Automation

   6.5. Telecommunication

7. Thyristor Market, by Voltage Class (Market Size & Forecast: USD Million, 2023 – 2030)

   7.1. Low Voltage

   7.2. Medium Voltage

   7.3. High Voltage

8. Thyristor Market, by Technology (Market Size & Forecast: USD Million, 2023 – 2030)

   8.1. Analog Thyristor

   8.2. Digital Thyristor

9. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030)

   9.1. Regional Overview

   9.2. North America

      9.2.1. Regional Trends & Growth Drivers

      9.2.2. Barriers & Challenges

      9.2.3. Opportunities

      9.2.4. Factor Impact Analysis

      9.2.5. Technology Trends

      9.2.6. North America Thyristor Market, by Product Type

      9.2.7. North America Thyristor Market, by Application

      9.2.8. North America Thyristor Market, by End-User Industry

      9.2.9. North America Thyristor Market, by Voltage Class

      9.2.10. North America Thyristor Market, by Technology

      9.2.11. By Country

         9.2.11.1. US

               9.2.11.1.1. US Thyristor Market, by Product Type

               9.2.11.1.2. US Thyristor Market, by Application

               9.2.11.1.3. US Thyristor Market, by End-User Industry

               9.2.11.1.4. US Thyristor Market, by Voltage Class

               9.2.11.1.5. US Thyristor Market, by Technology

         9.2.11.2. Canada

         9.2.11.3. Mexico

    *Similar segmentation will be provided for each region and country

   9.3. Europe

   9.4. Asia-Pacific

   9.5. Latin America

   9.6. Middle East & Africa

10. Competitive Landscape

   10.1. Overview of the Key Players

   10.2. Competitive Ecosystem

      10.2.1. Level of Fragmentation

      10.2.2. Market Consolidation

      10.2.3. Product Innovation

   10.3. Company Share Analysis

   10.4. Company Benchmarking Matrix

      10.4.1. Strategic Overview

      10.4.2. Product Innovations

   10.5. Start-up Ecosystem

   10.6. Strategic Competitive Insights/ Customer Imperatives

   10.7. ESG Matrix/ Sustainability Matrix

   10.8. Manufacturing Network

      10.8.1. Locations

      10.8.2. Supply Chain and Logistics

      10.8.3. Product Flexibility/Customization

      10.8.4. Digital Transformation and Connectivity

      10.8.5. Environmental and Regulatory Compliance

   10.9. Technology Readiness Level Matrix

   10.10. Technology Maturity Curve

   10.11. Buying Criteria

11. Company Profiles

   11.1. ABB Ltd.

      11.1.1. Company Overview

      11.1.2. Company Financials

      11.1.3. Product/Service Portfolio

      11.1.4. Recent Developments

      11.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   11.2. Mitsubishi Electric Corporation

   11.3. Siemens AG

   11.4. General Electric Company

   11.5. Schneider Electric

   11.6. NXP Semiconductors

   11.7. Infineon Technologies AG

   11.8. Toshiba Corporation

   11.9. ON Semiconductor

   11.10. STMicroelectronics

   11.11. Fuji Electric Co., Ltd.

   11.12. Eaton Corporation

   11.13. Texas Instruments

   11.14. IXYS Corporation

   11.15. Renesas Electronics Corporation

12. Appendix

 

A comprehensive market research approach was employed to gather and analyze data on The Thyristor Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on Thyristor Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of Thyristor Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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