Thyristor Market Size, Share and COVID Impact Analysis, By Power Type (High Power, Medium Power, and Low Power), By End-Users (Consumer Electronics, IT & Telecommunication, Healthcare, Manufacturing, Automotive, Aerospace & Defense, and Others), and Regional Forecast, 2024-2032

A thyristor is a semiconductor device which is used for switching and controlling electrical power. It is also known as a silicon-controlled rectifier (SCR). The thyristor comprises several layers of semiconductor materials, including p-type and n-type layers, with a gate between the device. The primary function of the thyristor is to control the flow of electrical current. When a small current is applied to the gate terminal, the thyristor turns on, allowing a large current to flow through it. Once the Thyristor is turned on, it remains on until the current flowing through it drops below a certain level. It is also used as a circuit breaker, achieved by adding a Zener diode in thyristor. Thyristors are commonly used in power electronics and applications such as motor control, lighting control, power supplies, and industrial automation. They offer several advantages over other devices, such as high efficiency, high reliability, and low maintenance requirements.

Impact of COVID-19 on Thyristor Market:

The COVID-19 pandemic greatly impacted various sectors, including the electronics and telecommunications industries. On the other hand, increased demand for remote work and digital communication during the pandemic is responsible for the increasing sales of electronic devices that use thyristors, such as laptops, smartphones, and tablets. Also, during the COVID-19 pandemic, overall satellite and wireless communication use has increased. This factor has increased demand for thyristors for use in high capacity Wi-Fi routers, satellite signal receivers, signal amplifiers, and other devices that facilitate remote work and online communication.

However, disruptions to global supply chains and manufacturing operations due to the pandemic could have negatively impacted the production and availability of thyristors. Many countries have imposed lockdowns and other restrictions on businesses, which could have led to delays in the production and shipment of thyristors. Furthermore, an increase in global spending on defense communication equipment to remotely secure cross borders of countries during COVID-19 reinforces the growth aspects of the global Thyristor market during the forecast period.

Key Insights:

The report will cover the following key insights:

• Recent industry trends and developments.


• Competitive landscape & strategic key players.


• Complete background analysis, including an assessment of the global Thyristor market.


• Complete Analysis of Segments


• Impact of COVID-19 on the global thyristors market

Regional Analysis:

• Asia Pacific dominates the global thyristor market due to the presence of major key players and modern semiconductor manufacturing facilities. Furthermore, major key players in countries such as China, South Korea, Taiwan, and Japan are focusing on technological advancement in the research and development of modern semiconductors, which is driving the market development.


• In Europe, market growth is expected to flourish during the forecast period. Europe is a global hub for manufacturing automobiles and the aerospace industry. As the thyristor has a wide range of applications in automobile and aerospace products, the demand for thyristors in Europe is increasing.  


• North America is showing the highest CAGR during the forecast period due to the increasing population of countries such as the U.S. and Canada, which is increasing the demand for electricity. The thyristor is a significant component in the electricity transmission equipment, so the demand for advance thyristor is increasing daily in North America. 


• Market growth is gradual and moderate in the Middle East & Africa and South America. However, the increasing application of thyristor in the oil & gas industry is responsible for the market growth in the Middle East & Africa and South Africa region.

Analysis by End Users

Increasing use of thyristors in the manufacturing industry's motor speed and heating control units drives the market. Furthermore, the application of thyristors in healthcare, automotive, and aerospace industries is continuously increasing, which is expected to boost the global market growth. Moreover, thyristor is increasingly used in the telecommunication devices such as signal receivers, amplifiers, and transmitters, propelling the use of thyristor in the IT & telecommunication industry.

Key Players Covered:

STMicroelectronics (Switzerland), Vishay Intertechnology (U.S.), Schneider Electric (France), Central Semiconductor (U.S.), GeneSiC Semiconductor (U.S.), TSMC (Taiwan), WeEn Semiconductor (China), Diodes Incorporated (U.S.), Sensata Technologies (U.S.), and Shindengen Electric (Japan).

Segmentation:

Key Industry Developments:

• In December 2021, The Government of India announced its new scheme, India Semiconductor Mission (ISM). Through this mission government of India has allocated USD 10 billion for the setup, upgradation and promotion of the supply chain and manufacturing units of the diode, thyristor and transistor in the country, which is helping to increase the production of thyristor the country.


• In October 2020, Proton- Electrotex, a global transistor, thyristors and discrete semiconductors provider, launched its new thyristor-diode product МТ3-700-18-А2. This newly launched device has high power density and a 10% reduction in the thickness diffusion element.