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The global thyristor market size reached USD 1.32 billion in 2022 and is projected to be worth around USD 2.00 billion by 2030, poised to grow at a CAGR of 3.5% during the forecast period 2023 to 2030. The replacement of outdated electrical infrastructure, particularly in developed economies, is responsible for the enormous expansion of the thyristor market. Additionally, it is anticipated that the market would develop as smart grid adoption increases. Thyristors are used to meet the demand for solid-state switching devices in power electronics components such controllers, inverters, and power supply.

A solid-state semiconductor called a thyristor has four layers of alternating p- and N-type materials. The three-lead thyristor is made to regulate huge current by mixing the current from its two leads with a smaller current from the control lead, which is one of the three leads. If there is a significant potential difference between the leads, a two-lead thyristor is employed for switching. Another name for the thyristor is a silicon-controlled rectifier.

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Segmentation of the Thyristors Market :

By Power Rating

• Below 500 MW
• 500 MW-999 MW
• 1000 MW and above

By Industry Vertical

• Consumer Electronics
• Industrial
• Telecommunication & Networking
• Automotive
• Aerospace & Defense
• Healthcare

By Geography

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Players:

The major players covered in the thyristors market report are ABB, Siemens, Schneider Electric, Eaton, Honeywell International Inc., Analog Devices, Inc., STMicroelectronics; Infineon Technologies AG, Semiconductor Components Industries, LLC, Fuji Electric Co., Ltd., Mitsubishi Electric Corporation, Hitachi High-Technologies Corporation, SEMIKRON, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Vishay Intertechnology, Littelfuse, Inc., SHINDENGEN ELECTRIC MANUFACTURING CO., LTD., NXP Semiconductors.

Regional Analysis:

As many thyristor module manufacturers are based in Asia-Pacific, the region is expected to dominate the market for these devices during the course of the projected period. In addition, several reputable manufacturers from the Asia Pacific region are concentrating on technological progress in semiconductor products as a result of the expanding market opportunity, which is anticipated to positively impact the region's thyristor module market throughout the course of the projected year.

Outlook & Recent Development:

New BiPolar power modules with the lowest losses and greatest working temperatures were released in May 2021 with industry-standard housings. The 60Pak module family offers the highest level of dependability and is the pinnacle of excellence. In terms of industry-standard housing, it has the lowest losses and greatest working temperatures. Failure is not an option, whether it's giving power to demanding applications or seamlessly regulating fans and industrial motors.

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