Thyristors Devices Market Growth 2023-2030

Thyristors Devices Market Growth 2023-2030

Oct 30, 2023

The global Thyristors Devices market was valued at US$ 711.01 million in 2022 and is anticipated to reach US$ 1,064.86 million by 2029, witnessing a CAGR of 7.82% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.

Thyristors, classified as semiconductor devices within the realm of "power electronics," find extensive utility in governing and transitioning electrical currents across diverse applications. These encompass motor propulsion, illuminating arrangements, power provisioning, and voltage stabilization.
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Functioning akin to switches, thyristors adeptly manage substantial power and voltage thresholds. Notably, they showcase an exclusive trait termed "latching." This attribute implies that following activation through a trigger signal, thyristors persist in their conductive state until the current coursing through them dwindles beneath a specific limit. This latching behavior renders thyristors particularly suitable for scenarios demanding the retention of their operational state even upon removal of the initiating signal.

Prevalently encountered in the landscape of thyristors is the silicon-controlled rectifier (SCR), primarily tasked with supervising both DC and AC currents. Additionally, the triode for alternating current (TRIAC) ranks among widely embraced thyristors, meticulously tailored to cater to AC-based requisites. Furthermore, GTO (Gate Turn-Off) thyristors, a distinct variant, can be deactivated by means of a control signal, extending heightened precision compared to conventional thyristors.

North American market for Thyristors Devices is estimated to increase from $ 115.47 million in 2023 to reach $ 167.93 million by 2029, at a CAGR of 6.44% during the forecast period of 2023 through 2029.

Asia-Pacific market for Thyristors Devices is estimated to increase from $ 434.73 million in 2023 to reach $ 722.99 million by 2029, at a CAGR of 8.85% during the forecast period of 2023 through 2029.

The major global manufacturers of Thyristors Devices include: STMicroelectronics, WeEn Semiconductors, Littelfuse, Renesas Electronics, JieJie Microelectronics, Vishay, Shindengen Electric, Semikron Danfoss, and Diodes Incorporated, etc. In 2022, the world's top three vendors accounted for approximately 49.15% of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Thyristors Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thyristors Devices.

The Thyristors Devices market size, estimations, and forecasts are provided in terms of output/shipments (Million Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Thyristors Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Thyristors Devices manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company

  • STMicroelectronics
  • WeEn Semiconductors
  • Littelfuse
  • Renesas Electronics
  • JieJie Microelectronics
  • Vishay
  • Shindengen Electric
  • Semikron Danfoss
  • Diodes Incorporated
  • Sanken Electric
  • SanRex
  • Central Semiconductor

by Type

  • SCR
  • Triac

by Application

  • Automotive & Transportation
  • Industrial Control
  • Consumer Electronics
  • Computing & Communications
  • Others

By Voltage Range:

  • Low Voltage Thyristors
  • Medium Voltage Thyristors
  • High Voltage Thyristors
  • Extra-High Voltage Thyristors

Production by Region

  • China
  • Japan
  • Southeast Asia
  • Others

North America:

In the context of thyristor devices, the North American market is poised for robust expansion, projected to exhibit a noteworthy Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. This growth trajectory is underpinned by the escalating requisition for thyristors in the realm of power electronics applications. Specifically, the deployment of thyristors in pivotal functions such as power converters, inverters, and motor drives is driving the surge in demand. Among the nations comprising North America, the United States stands out as the premier bastion of this market's activity and influence. It assumes the mantle of the largest market for thyristor devices, reflecting a confluence of technological advancements and a dynamic industrial landscape.


The European landscape within the thyristor devices market is primed for substantial expansion, poised to traverse a commendable CAGR of 5.5% between 2023 and 2030. This surge in growth is intricately woven into the escalating demand for thyristors, which find vital application in the power electronics sector. Notably, their integration within pivotal systems such as power converters, inverters, and motor drives has galvanized this trend. Among the constituent nations, Germany emerges as the vanguard of this market, occupying a preeminent position as the largest hub for thyristor devices. This ascendancy is emblematic of Germany's technological prowess and strategic industrial emphasis.

Asia Pacific:

The Asia Pacific domain stands as a potent crucible of expansion within the thyristor devices market, poised to record a robust CAGR of 7.3% from 2023 to 2030. The impetus behind this surge emanates from the escalating demand for thyristors in the realm of power electronics applications. The strategic deployment of thyristors in critical functions such as power converters, inverters, and motor drives is propelling this demand surge. Within this region, the People's Republic of China reigns supreme as the epicenter of market activity and influence, emerging as the largest hub for thyristor devices. China's ascendancy encapsulates a harmonious interplay of technological innovation and a burgeoning industrial landscape.

Rest of the World:

The Rest of the World segment, encompassing regions beyond the aforementioned geographies, is poised to undergo substantial expansion within the thyristor devices market. This expansion is projected to manifest as a commendable CAGR of 6.0% from 2023 to 2030. The driving force behind this augmentation lies in the escalating demand for thyristors in the sphere of power electronics applications. Specifically, their integration within indispensable functions like power converters, inverters, and motor drives is catalyzing this demand upswing. Among the constituent nations within this segment, Brazil emerges as the harbinger of market activity, staking its claim as the largest bastion for thyristor devices. Brazil's prominence underscores a confluence of market dynamics and a burgeoning industrial milieu.

Consumption by Region

  • North America
  • U.S.
  • Canada
  • Mexico

  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • China Taiwan
  • Southeast Asia
  • India
  • Australia
  • Rest of APAC

  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe

  • Central & South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Central & South America

  • Middle East & Africa
  • Middle East
  • Africa

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