Thyristor Market Size, Share, and Growth Analysis, By Power Rating (500 MV, 500 MV-1000 MV), By Device Type, By Mounting and Package, By Triggering Method, By End User, By Region - Industry Forecast 2025-2032
Global Thyristor Market size was valued at USD 1.55 Billion in 2023 and is poised to grow from USD 1.70 Billion in 2024 to USD 2.21 Billion by 2032, growing at a CAGR of 4.2% over the forecast period (2025-2032).
The global thyristor market is experiencing significant growth driven by a surge in demand for energy-efficient solutions across multiple sectors, notably influenced by the rise of electric vehicles (EVs) and the development of EV charging infrastructure. Thyristors are essential for effective power management in EV charging stations, battery systems, and motor drives, making them crucial for fast and secure charging capabilities. This demand is further intensified by the ongoing rollout of charging networks, requiring dependable power control components to minimize energy loss and optimize charging times. Industry leaders are increasingly incorporating advanced power electronics like thyristors in high-power charging systems to enhance energy conversion and ensure reliable power delivery, propelling the overall expansion of the thyristor market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Thyristor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Thyristor Market Segments Analysis
Global Thyristor Market is segmented by Power Rating, Device Type, Mounting and Package, Triggering Method, End User and region. Based on Power Rating, the market is segmented into 500 MV, 500 MV-1000 MV and 1000 MV. Based on Device Type, the market is segmented into Silicon-Controlled Rectifier (SCR), Gate Turn-Off Thyristor (GTO), Bidirectional Triac, Reverse Conducting Thyristor and Asymmetric Thyristor (ASCR). Based on Mounting and Package, the market is segmented into Stud-Type, Capsule/Disc, SMD and Clip-mount and Module (Intelligent Power Module, Hybrid). Based on Triggering Method, the market is segmented into Electrical Gate Triggered, Light Triggered (LTT) and Pulse Transformer Triggered. Based on End User, the market is segmented into Consumer Electronics, Telecommunication & Networking, Industrial, Automotive and Aerospace & Defence. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Thyristor Market
The growing global emphasis on energy efficiency significantly influences the thyristor market. These semiconductor devices play a crucial role in enabling precise power control in various applications, including renewable energy systems, smart grids, and electric vehicles, which helps minimize energy waste. Additionally, supportive government initiatives that promote clean energy adoption and implement stringent efficiency standards are bolstering this trend, particularly in Europe and the Asia Pacific region. As industries and consumers increasingly prioritize sustainable practices, the demand for thyristors continues to rise, positioning them as essential components in the transition towards a more energy-efficient future.
Restraints in the Global Thyristor Market
The growth of the global thyristor market faces several challenges that could impede its potential. A primary obstacle is the high manufacturing costs associated with these devices, as the significant expenses involved in infrastructure development create barriers to market expansion. Additionally, the limited awareness among industry professionals and consumers regarding the advantages of thyristor modules further hinders their adoption. This lack of understanding could detract from the widespread acceptance of advanced components such as amorphous metal ribbons, ultimately affecting their integration into various applications. These issues collectively contribute to the constraints faced by the thyristor market.
Market Trends of the Global Thyristor Market
The global thyristor market is witnessing a robust upward trend, driven by the increasing demand for energy-efficient solutions across various sectors. Thyristors, or silicon-controlled rectifiers, are integral to power electronics, offering precise control over electrical current flow. Their application in industries ranging from manufacturing to renewable energy systems underlines their critical role in optimizing motor drives and heating systems. As companies strive to enhance operational efficiency while minimizing energy consumption and costs, the adoption of thyristors is becoming pivotal. This trend is indicative of a broader movement towards sustainable technologies, positioning thyristors as essential components in modern industrial applications.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Technology Analysis
Case Studies
Customer Buying Behavior Analysis
Global Thyristor Market Size by Power Rating & CAGR (2025-2032)
Market Overview
500 MV
500 MV-1000 MV
1000 MV
Global Thyristor Market Size by Device Type & CAGR (2025-2032)
Market Overview
Silicon-Controlled Rectifier (SCR)
Gate Turn-Off Thyristor (GTO)
Bidirectional Triac
Reverse Conducting Thyristor
Asymmetric Thyristor (ASCR)
Global Thyristor Market Size by Mounting and Package & CAGR (2025-2032)
Market Overview
Stud-Type
Capsule/Disc
SMD and Clip-mount
Module (Intelligent Power Module, Hybrid)
Global Thyristor Market Size by Triggering Method & CAGR (2025-2032)
Market Overview
Electrical Gate Triggered
Light Triggered (LTT)
Pulse Transformer Triggered
Global Thyristor Market Size by End User & CAGR (2025-2032)
Market Overview
Consumer Electronics
Telecommunication & Networking
Industrial
Automotive
Aerospace & Defence
Global Thyristor Market Size & CAGR (2025-2032)
North America (Power Rating, Device Type, Mounting and Package, Triggering Method, End User)
US
Canada
Europe (Power Rating, Device Type, Mounting and Package, Triggering Method, End User)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Power Rating, Device Type, Mounting and Package, Triggering Method, End User)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Power Rating, Device Type, Mounting and Package, Triggering Method, End User)
Brazil
Rest of Latin America
Middle East & Africa (Power Rating, Device Type, Mounting and Package, Triggering Method, End User)