Thyristors - Global Strategic Business Report

The global market for Thyristors was estimated at US$5.8 Billion in 2024 and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Thyristors market.

Global Thyristors Market - Key Trends and Drivers Summarized

How Are Thyristors Powering Modern Electronics and Industrial Systems?

Thyristors, also known as silicon-controlled rectifiers (SCRs), are semiconductor devices that play a crucial role in controlling high-voltage and high-power applications across various industries. These devices are widely used in power electronics to manage and regulate electrical currents in systems such as motor drives, power converters, and industrial heating applications. Thyristors are particularly valued for their ability to handle large currents and voltages, making them essential components in industries like energy, transportation, and manufacturing. In renewable energy systems, thyristors are used in inverters and converters to manage the flow of electricity from solar panels and wind turbines to the grid.

How Is the Thyristors Market Structured?

Key types include phase-control thyristors, inverter-grade thyristors, and fast-switching thyristors. Phase-control thyristors are commonly used in industrial applications such as motor drives and control systems, while fast-switching thyristors are used in power electronics and high-frequency applications. Applications of thyristors span across industrial motor controls, HVDC transmission, and renewable energy systems. End-user industries include energy, automotive, industrial automation, and consumer electronics. The growing electrification of transportation and the expansion of renewable energy systems are driving demand for thyristors in power management and control systems.

What Technological Trends Are Shaping the Thyristors Market?

Technological advancements in thyristor design are improving their performance, reliability, and efficiency. The development of high-power thyristors with enhanced switching capabilities is enabling their use in more demanding applications such as high-voltage direct current (HVDC) transmission and electric vehicle (EV) charging infrastructure. Additionally, innovations in cooling and thermal management systems are increasing the lifespan and performance of thyristors in industrial applications. The integration of thyristors in smart grid technologies and energy storage systems is also expanding their use in renewable energy applications, where efficient power management is critical. These advancements are making thyristors more versatile, driving their adoption across a wider range of industries.

What Factors Are Driving Growth in the Thyristors Market?

The growth in the thyristors market is driven by several factors, including the rising demand for efficient power management in industrial and energy systems, the increasing adoption of renewable energy technologies, and the expanding use of electric vehicles. The shift towards electrification in transportation, particularly with the development of EV charging infrastructure, is creating new opportunities for thyristors in power control applications. The growing focus on energy efficiency and the modernization of power grids are also contributing to market growth, as thyristors are used in HVDC transmission systems and smart grids to improve electricity transmission efficiency. Additionally, advancements in semiconductor technology are enhancing the performance of thyristors, making them more attractive for high-power applications in industries such as manufacturing and energy.

SCOPE OF STUDY:

The report analyzes the Thyristors market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Application (Consumer Electronics, Industrial Electronics, Communications, Automotive Electronics, Other Applications)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Consumer Electronics segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 4.5%. The Industrial Electronics segment is also set to grow at 4.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 8.2% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Thyristors Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Thyristors Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Thyristors Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB Ltd., Analog Devices, Inc., Eaton Corporation PLC, Fuji Electric Co., Ltd., Hitachi Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Thyristors market report include:

• ABB Ltd.
• Analog Devices, Inc.
• Eaton Corporation PLC
• Fuji Electric Co., Ltd.
• Hitachi Ltd.
• Honeywell International, Inc.
• Infineon Technologies AG
• Mitsubishi Electric Corporation
• ON Semiconductor Corporation
• Schneider Electric SA
• Semikron, Inc.
• Siemens AG
• STMicroelectronics NV
• Toshiba Corporation

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.