The global thyristors Market is projected to grow at a CAGR of 2.09% to reach US$988.426 million in 2024, from US$873.073 million in 2018. A thyristor is a four-layer strong state semiconductor gadget with P and N-type material. At whatever point a gate gets an activating current then it begins' directing until the voltage over the thyristor gadget is under forward inclination. So it goes about as a bi-stable switch under this condition. Due to their crucial role in voltage regulation, they are commonly used in electrical components, and a steady rise in the demand for electrical components around the world will result in an increasing demand for these devices. Thyristors are used across all major industry verticals and in the Asia Pacific region, all the major industry verticals are at a growing phase due to rapid industrialization and urbanization in major countries like India and China, which as a result will push the demand for thyristors during the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global thyristor value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global thyristors Market.
Major industry players profiled as part of the report are Semiconductor Component Industries LLC, Vishay Intertechnology Inc., Infineon Technologies AG, STMicroelectronics, Toshiba Corporation, Diodes Incorporated, Renesas Electronics Corporation, and Mitsubishi Electric Corporation among others.
The global thyristors Market has been analyzed through the following segments: