Thyristor Market Analysis

Application Segment Analysis

Based on application segmentation, the automotive segment in the thyristor market is anticipated to hold the largest revenue share of 40% by 2035. Thyristor are crucial in power applications because of their low statistical failure rate. Thyristor are utilized extensively in the power industry to convert electrical energy between different forms for a variety of electrical applications. A thyristor manages wide-range voltage effectively and affordably by utilizing the optimum on-load tap-changer and saturated reactor architecture. Using thyristor gate control, systems with thyristor rectifiers provide smooth, step-less regulation from zero to the recommended voltage. Increased usage of thyristor in vehicle ignition systems has contributed to the segment’s expansion. After declining by 18% in 2020, new automobile sales are expected to increase by 15% in 2021. Commercial vehicle sales will rise by 16% in 2021 following a 16% decrease in 2020.

Type Segment Analysis

Based on type, the low voltage segment is estimated to dominate the thyristor market registering a share of 40% by the end of the forecast timeframe. Low voltage thyristors are employed in variable frequency drives for controlling the speed and torque of electric motors in various industrial applications like material handling, conveyor belts, pumps, and fans. This demand is fueled by the growing trend of automation across industries. Besides, low-voltage thyristors are employed in various power electronics circuits such as rectifiers, choppers, and inverters used in UPS systems, battery chargers, and traction drives for electric vehicles. The burgeoning demand for reliable and efficient power electronics solutions accelerates the market growth.

Our in-depth analysis of the global thyristor market includes the following segments: