Thyristor Market Size

Thyristor Market size was over USD 1.58 billion in 2024 and is poised to exceed USD 2.66 billion by 2037, growing at over 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of thyristor is evaluated at USD 1.63 billion. The expanding utilization of thyristor control gadgets in control applications is boosting the development of the thyristor industry. Electric engines are utilized in a wide run of control applications, traversing many watts to thousands of kilowatts. Thyristors are broadly utilized to control voltage utilizing different single-phase AC/DC converters. Thyristor-controlled gadget reacts quicker, due to its capability of decreasing the time slack caused by the generator field and alternator. Thyristor-controlled gadgets are smaller in estimate, lighter in weight, less costly, and require less space & upkeep driving to their expanding application in an assortment of gadgets. In June 2021, Proton-Electrotex propelled B0 Diode & Thyristor with moved forward electrical and warm parameters which empowered IFAV / ITAV values of up to 700 A. 

Due to the growing population, electricity demand continues to rise in emerging economies. Thyristor are used to reduce the loss of switching, as well as a short switch time for metal oxide semiconductor field effect transistors that satisfy current electricity demand. Consequently, in developing economies, there is a high demand for them.