Thyristor Market with COVID-19 Impact Analysis, By Power Rating (Below 5OO MW 500 MW-999 MW 1000 MW and above), By Application (Consumer Electronics Industrial Telecommunication & Networking Automotive Aerospace & Defense Healthcare), and by Region (NA, EU, APAC, LA, MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
Report Code: AV1090
Industry: Semiconductor and Electronics
Publiced On: 2022-01-02
Pages: 239
Format:
REPORT HIGHLIGHT
The global Thyristor market was valued at USD 720.4 Million in 2020, growing with 8.8% CAGR during the forecast period, 2021-2027.
Four layers make up a thyristor, a solid-state semiconductor device. P-type and N-type materials alternate on these layers and they each consist of three PN junctions. Signals turned on by the gate act as rectifying diodes once they have been turned on. A major driving force for this growth is the replacement of power infrastructure in developed economies as well as the deployment of smart grids. It is important to note that solid-state switching devices have become very popular in the industry due to the demand for power electronics applications such as controllers, inverters, and power supplies.
Market Dynamics
Thyristor markets are primarily driven by government initiatives in various countries to replace aging power infrastructure and to make electric motors more widely available in industrial and commercial environments. Thyristor growth can be attributed to the region's high wind & solar power generation capacity and considerable manufacturing capabilities. A large population and sufficient manufacturing capacity in countries such as China and India have contributed significantly to the market's growth. The market for EVs/HEVs in APAC is expected to grow significantly due to the flourishing markets of China, Japan, India, and South Korea.
The COVID-19 pandemic had a minor effect on the market. Post-COVID-19, government initiatives aimed at increasing the installation of HDVC are also expected to increase market demand over the next six years. As a result, the overall industry growth is expected to be limited because of the lack of technology awareness and the high investment capital requirements. The lack of technology awareness and the high investment capital requirements will restrict the market growth. The lack of technology awareness and the high investment capital requirements will limit the market growth. At the same time, decarbonization may create new opportunities for the sector.
Segmentation Analysis:
The Thyristor industry is segmented based on power rating, application, and region.
In terms of power rating type, the global Thyristor industry is separated into Below 500 MW, 500 MW-1000 MW, and Above 1000 MW. Among these, into 500 MW-1000 MW, the power rating type segment accounted for the highest share in 2020. The medium-power IGBT has seen significant growth in recent years because they can meet the demands for high-voltage direct current (HVDC) systems, flexible alternate current transmission systems (FACTS), and electric vehicles and hybrid electric vehicles (EV/HEV). In the wake of a rise in environmental concerns, and government initiatives to reduce carbon emissions, the use of electric vehicles and hybrid electric vehicles has also increased, which in turn fuels the demand for medium power IGBTs.
Depending upon the application, the global Thyristor industry is fragmented into Consumer Electronics, Telecommunication & Networking, Automotive, Industrial, Aerospace & Defense, and Healthcare. The Thyristor market is dominated by the Automotive application segment which accounted for the largest market share in 2020. EVs and plug-in hybrids have the advantage of being energy-efficient, environmentally friendly, and affordable, which will drive the demand for these vehicles to grow at the highest CAGR in the forecast period. Governments in developing countries are taking several initiatives to reduce greenhouse gas emissions. These initiatives are likely to further enhance the market demand for electrified vehicles and hybrid electric vehicles. The Indian government intends to support the domestic electric vehicle industry with a USD 1.4 billion subsidy program under which IGBT manufacturers would benefit.
Competitive Landscape:
The global Thyristor industry is categorized by the occurrence of many global players operating in various regions. Major players functioning in this industry include ABB Ltd, Fairchild Semiconductor International Inc., ON Semiconductor, Fuji Electric Co., STMicroelectronics, Vishay Intertechnology, Renesas Electronics Corporation Hitachi Ltd., Toshiba, Hitachi, and Infineon Technologies AG
This industry shows the occurrence of majority players competing for market share by adopting various organic and inorganic strategies such as product launches, partnerships, contracts, agreements, collaborations, mergers acquisitions, and expansions to reinforce their position in the market. For instance, China became the first country in the world to adopt HVDC systems thanks to its large population and considerable electricity needs. The most important High Voltage Direct Current project is Zhou Shan, the second is Gezhouba - Shanghai, and three is Three Gorges - Changzhou.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL THYRISTOR MARKET KEY PLAYERS
- Semiconductor Component Industries, LLC
- Vishay Intertechnology, Inc.
- Infineon Technologies AG
- STMicroelectronics
- Toshiba Corporation
- Diodes Incorporated
- Renesas Electronics Corporation
- Mitsubishi Electric Corporation
- ABB Ltd.
- On Semiconductor
- STMicroelectronics
- Renesas Electronics Corporation
- Littelfuse
- Powerex
GLOBAL THYRISTOR MARKET, BY POWER RATING
- Below 5OO MW
- 500 MW-999 MW
- 1000 MW and above
GLOBAL THYRISTOR MARKET, BY APPLICATION
- Consumer Electronics
- Industrial
- Telecommunication & Networking
- Automotive
- Aerospace & Defense
- Healthcare
GLOBAL THYRISTOR MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
1. Thyristor Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Market Snippet by Power rating
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. Thyristor Key Market Trends
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. Thyristor Industry Study
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Thyristor Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Thyristor Market Landscape
6.1. Market Share Analysis, 2020
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. Thyristor Market – By Power rating
7.1. Overview
7.1.1. Segment Share Analysis, By Power rating, 2020 & 2027 (%)
7.2. Below 5OO MW
7.3. 500 MW-999 MW
7.4. 1000 MW and above
8. Thyristor Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
8.2. Consumer Electronics
8.3. Industrial
8.4. Telecommunication & Networking
8.5. Automotive
8.6. Aerospace & Defence
8.7. Healthcare
9. Thyristor Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
1.1.1.1. Canada Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.10.3. Rest of the Europe Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.10.3. Rest of APAC Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.9.5. Rest of LATAM Market Size and Forecast, By End User, 2016 - 2027 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Power rating, 2016 - 2027 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10. Key Vendor Analysis
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Semiconductor Component Industries, LLC
10.2.2. Vishay Intertechnology, Inc.
10.2.3. Infineon Technologies AG
10.2.4. STMicroelectronics
10.2.5. Toshiba Corporation
10.2.6. Diodes Incorporated
10.2.7. Renesas Electronics Corporation
10.2.8. Mitsubishi Electric Corporation
10.2.9. ABB Ltd.
10.2.10. On Semiconductor
10.2.11. STMicroelectronics
10.2.12. Renesas Electronics Corporation
10.2.13. Littelfuse
10.2.14. Powerex
11. 360 Degree AnalystView
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
