The TRIAC market is projected to grow at a CAGR of 2.39% to reach US$235.648 million by 2024, from US$204.461 million in 2018.
TRIAC stands for TRIode for Alternating Current and is used for switching AC applications as it can transfer high voltage and high current over both parts of AC waveform, commonly used in lighting and motor control. The TRIAC market will grow during the next five years on account of the cost benefits the use of TRIAC provides over using standard thyristors as TRIACS can conduct in both directions as compared to Silicon Controlled Rectifies (SCR) and increasing the demand for TRIACs by electrical manufacturers and industries. In addition, the increasing use of household electronics, due to improvements in the standard of living and the from thyristors, constant technological advancements will also add to the growing demand for TRIAC. However,
TRIACs low ratings and reliability as compared to SCR will limit the growing demand for TRIACs. The North American region held a substantial share in the market due to the high use of industrial and residential motors, lighting, and other devices which require AC switching. Asia Pacific region will see many growth opportunities due to industrialization, increasing infrastructure expenditure, and a better standard of living.
The TRIAC Market - Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by mounting type, VDRM, and geography.
The TRIAC market has been segmented based on mounting type, VDRM, end-user, and geography. By mounting type, the market is segmented as surface mount, through holes, bare die. By VDRM, the market is segmented as less than 400, between 400 and 800, and above 800.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 14 major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the TRIAC market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the TRIAC market.
|Market size value in 2018||US$204.461 million|
|Market size value in 2024||US$235.648 million|
|Growth Rate||CAGR of 2.39% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Mounting Type, VDRM, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Central Semiconductor Corp., NTE Electronics, Inc., STMicroelectronics, Littelfuse, Inc, Sanken Electric Co., Ltd., WeEn Semiconductors, Renesas Electronics Corporation, Sensata Technologies, Inc., Fagor Electrónica|
|Customization scope||Free report customization with purchase|
By Mounting Type
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the TRIAC market size by 2024?
A1. The TRIAC market is projected to reach a market size of US$235.648 million by 2024.
Q2. What is the size of the global TRIAC market?
A2. TRIAC market was valued at US$204.461 million in 2018.
Q3. What are the growth prospects for the TRIAC market?
A3. The global TRIAC market is projected to grow at a CAGR of 2.39% over the forecast period.
Q4. Which region holds the largest market share in the TRIAC market?
A4. The North American region held a substantial share in the TRIAC market due to the high use of industrial and residential motors, lighting, and other devices that require AC switching.
Q5. What factors are anticipated to drive the TRIAC market growth?
A5. The TRIAC market will grow on account of the cost benefits the use of TRIAC provides over using standard thyristors as TRIACS can conduct in both directions as compared to Silicon Controlled Rectifies (SCR) and increasing the demand for TRIACs by electrical manufacturers and industries.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. TRIAC Market Analysis, by Mounting Type
5.2. Surface Mount
5.3. Through Hole
5.4. Bare Die
6. TRIAC Market Analysis, by VDRM
6.2. Less than 400
6.3. Between 400 and 800
6.4. Above 800
7. TRIAC Market Analysis, by Geography
7.2. North America
7.2.1. North America TRIAC Market, By Mounting Type, 2018 to 2024
7.2.2. North America TRIAC Market, By VDRM, 2018 to 2024
7.2.3. By Country
126.96.36.199.1. By Mounting Type
188.8.131.52.2. By VDRM
184.108.40.206.1. By Mounting Type
220.127.116.11.2. By VDRM
18.104.22.168.1. By Mounting Type
22.214.171.124.2. By VDRM
7.3. South America
7.3.1. South America TRIAC Market, By Mounting Type, 2018 to 2024
7.3.2. South America TRIAC Market, By VDRM, 2018 to 2024
7.3.3. By Country
126.96.36.199.1. By Mounting Type
188.8.131.52.2. By VDRM
184.108.40.206.1. By Mounting Type
220.127.116.11.2. By VDRM
7.4.1. Europe TRIAC Market, By Mounting Type, 2018 to 2024
7.4.2. Europe TRIAC Market, By VDRM, 2018 to 2024
7.4.3. By Country
18.104.22.168.1. By Mounting Type
22.214.171.124.2. By VDRM
126.96.36.199.1. By Mounting Type
188.8.131.52.2. By VDRM
184.108.40.206. United Kingdom
220.127.116.11.1. By Mounting Type
18.104.22.168.2. By VDRM
22.214.171.124. United Kingdom
126.96.36.199.1. By Mounting Type
188.8.131.52.2. By VDRM
7.5. Middle East and Africa
7.5.1. Middle East and Africa TRIAC Market, By Mounting Type, 2018 to 2024
7.5.2. Middle East and Africa TRIAC Market, By VDRM, 2018 to 2024
7.5.3. By Country
184.108.40.206.1. By Mounting Type
220.127.116.11.2. By VDRM
7.6. Asia Pacific
7.6.1. Asia Pacific TRIAC Market, By Mounting Type, 2018 to 2024
7.6.2. Asia Pacific TRIAC Market, By VDRM, 2018 to 2024
7.6.3. By Country
18.104.22.168.1. By Mounting Type
22.214.171.124.2. By VDRM
126.96.36.199.1. By Mounting Type
188.8.131.52.2. By VDRM
184.108.40.206. South korea
220.127.116.11.1. By Mounting Type
18.104.22.168.2. By VDRM
22.214.171.124.1. By Mounting Type
126.96.36.199.2. By VDRM
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Central Semiconductor Corp.
9.2. NTE Electronics
9.4. Littlefuse, Inc.
9.5. Sanken Electric Co. Ltd.
9.6. WeEn Semiconductor
9.7. Renesas Electronics
9.8. Sensata Technologies
9.9. Fagor Electronics
NTE Electronics, Inc.
Sanken Electric Co., Ltd.
Renesas Electronics Corporation
Sensata Technologies, Inc.
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