Discrete Thyristors Market to Grow by More than 6.5% CAGR
The discrete thyristors market is projected to grow from US$ 4 Bn in 2024 to US$ 7 Bn by 2031, at an expected CAGR of more than 6.5% during the forecast period 2024-2031. A discrete thyristor is any semiconductor switch with a bi-stable action depending on p-n-p-n regenerative feedback. Thyristors are normally two- or three-terminal devices for either unidirectional or bi-directional circuit configurations. Thyristors are used to control the flow of electrical currents in applications including home appliances, electrical tools, outdoor equipment and others. The thyristors are solid state switches that normally have very high impedance. They are capable of withstanding rated blocking/off-state voltage until triggered to on-state. These features of discrete thyristors are driving its growth globally.
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What is Driving Demand for Discrete Thyristors?
There is an increase in penetration of semiconductor devices with high voltage and ampere ratings, which is driving the growth of discrete thyristors globally. The characteristics of discrete thyristors are unidirectional and bidirectional transient voltage protection. Thyristors vary from plastic discrete to high-power discrete and modules, featuring voltage ratings from 100 V to 2600 V. With more and more industries using semiconductor devices like thyristors for an array of applications, the global market is likely to see immense potential for growth in coming years.
Manufacturing industries are adopting discrete thyristors for high voltage capability up to 1000 V, which is further increasing the discrete thyristors sales. Growing adoption of thyristors in automotive industry will also keep the market future robust.
What are the Key Trends for Discrete Thyristors?
Most technological development in SiC, silicon, and GaN power device packaging is focused on other device types which by definition do not belong to the category of discrete devices. These include power modules and integrated devices like System-in-Package (SiP) and system-on-chip (SoC).
Although the adoption of wide-band gap devices calls for innovative packaging schemes and solutions, their impact on the packaging materials market will be rather limited due to the still-small share of SiC and GaN technologies compared to silicon, and the smaller die size compared to silicon devices. Consequently, innovative packaging technology solutions will trigger the growth of discrete thyristors, globally.
North America Demand Outlook for Discrete Thyristors
The demand for discrete thyristors is anticipated to grow at a significant rate in North America region owing to increasing penetration of semiconductor devices. In addition, North America is among the fastest growing technology nation and the country is on the path to grow the fastest in terms of implementing semiconductor and electronics devices across the US and Canada. Growing number of technology startups in the region and supportive government policies has strengthened its position in the global discrete thyristors market. This is one of the major factor driving the demand for discrete thyristors in wide range of applications.
Asia Pacific Demand Outlook for Discrete Thyristors
There is an increase in adoption of discrete thyristors for industrial and automotive sector in the countries such as China, India, Japan, Singapore, Indonesia and others. This can impel the sales of discrete thyristors in the Asia Pacific region. Most of the countries in region are making strides and tops in the manufacturing of discrete thyristors. Due to significant implementation of the semiconductor devices in the region, it will attribute to the availability of more products in the upcoming years. Discrete thyristors technology has moved far beyond its initial and this leads the way for growth of discrete thyristors in the region.
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Who are the Key Discrete Thyristors Vendors?
Some of the leading vendors of discrete thyristors include Vishay, Sempo Electronic Limited, Sirectifier Semiconductors, Sirenza Microdevices, Digitron Semiconductors, Nell Semiconductor Co., Ltd, ON Semiconductor, Siliconix and others. The companies involved in the manufacturing of discrete thyristors are focusing on strategic partnerships and acquisitions with other companies to broaden its product offerings.
Key Segments
By Type
- Unidirectional Thyristor
- Bidirectional Thyristor
By Application
- Industrial
- Automotive
- Aerospace
- Others
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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