Thyristor Market Overview
The Thyristor Market size is estimated to reach $6.5 billion by 2027, growing at a CAGR of 5.3% during the forecast period 2022-2027, attributed to government mandates towards improved & more efficient power infrastructure, growing preference for electric and hybrid electric vehicles and so on. Thyristors consist of a pair of tightly coupled bipolar junction transistors arranged to consume less power than mechanical switches thereby increasing their demands in power saving devices. These bistable switches with three pn junctions require a small deployment area which make them compact and portable have been driving its application in consumer electronics. Furthermore, increasing application of electric motors in various devices, rising use of thyristors in automobile ignition systems coupled with growing trends toward electric vehicles and the introduction of smart grids are some of the major factors expected to transform the Thyristor Industry outlook in the coming time.
Thyristor Report Coverage
The “Thyristor Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Thyristor Market.
- Silicon controlled Thyristor (SCRs) segment is analyzed to grow at the fastest rate in the Thyristor Market during the forecast period 2022-2027 owing to the increasing implementation of smart grid with upgradation of ageing power distribution facilities and so on.
- Thyristor Market for the consumer electronics industry is analyzed to grow with the highest CAGR during 2022-2027, owing to growing trend towards smart home technologies, increasing utilization of bipolar junction transistors in light dimmers and so on.
- APAC dominated the Thyristor Market in 2021, owing to government focus on modernization of ageing power distribution infrastructure, growing demands for consumer electronics and so on.
- Increasing use of Thyristor in automobile ignition systems & electric vehicles and growing applications of Thyristor control devices in power applications are analyzed to significantly drive the market growth of Thyristor Market during the forecast period 2022-2027.
Thyristor Market Value Share, by Region, 2021 (%)
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Thyristor Market Segment Analysis- by Type
Based on type, Silicon controlled Thyristor (SCRs) segment is analyzed to grow at the fastest rate of 6.5% in the Thyristor Market during the forecast period 2022-2027. Increasing implementation of smart grid with upgradation of aging power distribution facilities, growing utilization of Thyristor in power electronic applications such as inverters, bipolar junction transistors, controllers and so on have attributed to the market growth. Due to capability of silicon control rectifier for low switching losses in comparison to mechanical switches, they have gained wider adoptability within power sector for reducing transmission losses. In November 2020, Advanced Energy Industries, Inc. launched a silicon-controlled Thyristor named Thyro-A+ for industrial and semiconductor heating applications. SCRs are widely used to enhance process uniformity, repeatability while reducing energy consumption and optimizing process throughput, majorly for precision heating applications Such advancements in the development of bistable switch, combined with integration of other connected factory software and applications are boosting the penetration of these Thyristors in varied sectors. Silicon controlled Thyristor (SCRs) are implemented in a number of appliances as they provide remote control, self-monitoring and a digital control interface. These factors are analyzed to boost the growth of silicon controlled Thyristors, eventually transforming the Thyristor industry outlook.
Thyristor Market Segment Analysis- by Industry Vertical
Thyristor Market for the consumer electronics industry is analyzed to grow with the highest CAGR of 7.1% during 2022-2027, attributed to growing trend towards smart home technologies coupled with utilization of IOT/AI connected devices. Rising need of digital circuits in home appliances, increasing use of bipolar junction transistors in light dimmers and so on have been also aiding its market demands. Modern online Uninterruptible Power Supplies require both AC mains and a backup DC battery to ensure continuous output under all conditions. As a result, they are commonly found in solid-state relays, battery chargers, resistive and inductive load control circuits. These circuits are used in lighting dimmers, televisions and theatre replacing inferior technologies such as autotransformers and rheostats. In March 2020, Littelfuse launched PxxxxS4xLRP Series SIDACtor Protection Thyristor to protect CVBS signal lines and ports from overvoltage transients. Due to its 6V operating voltage, pn junction, 100A 5/310s surge peak current capability and low junction capacitance rating, these Thyristor emerged as a suitable choice for protecting wide range of equipment. These Thyristor offers widely adoptability in TV/camera CVBS cables, data communications, Set Top Boxes (STBs), RS-485, RS-232 data lines and the CAN Bus. Such factors are analyzed to boost the growth of Thyristor industry for consumer electronics applications overtime.
Thyristor Market Segment Analysis- by Geography
APAC dominated the Thyristor Market with a share of 37% in 2021, owing to increasing application of smart grid technology in power sector, government mandates towards the modernisation of ageing power distribution infrastructure, growing demand for consumer electronics and so on. In April 2022, Bharat Heavy Electricals has achieved a major record power transmission of 6,000 MW over the recently commissioned +800 kV, 6,000 MW Ultra High Voltage Direct Current link in between the Southern Region Grid and Western Region Grid. BHEL claimed that transistors from its Electronics Division, Bengaluru plant, and Instrument Transformers from its Bhopal Plant played a significant role in this accomplishment. According to the Indian power ministry, India will add 27,000 circuit kilometres of inter-state power transmission networks by 2024. However, about 6,500 circuit kilometres or nearly one-fourth of the total distance have been already added, as per the Ministry. Additionally, increasing trend towards electric vehicles, rising penetration of power saving devices and introduction of silicon controlled rectifiers are the major factors set to transform Thyristor industry outlook within APAC markets.
Thyristor Market Drivers
Increasing Use of Thyristors in Automobile Ignition Systems and Electric Vehicles are Accelerating the Growth of Thyristor Industry:
Rising utilization of Thyristors in automobile ignition systems and in electric vehicles can be considered as a major factor boosting the growth of Thyristor Market. They are commonly used in ignition systems to improve performance and function as bistable switches rather than breaker points. Due to their capabilities of assisting contact breaker by preventing excessive flow of the current in the circuit, Thyristors play a key role for automobile ignition application areas. In automobile systems, they are used to generate extremely high ignition voltages and to extend the duration of the spark. In electric vehicles, Gate Commutated Thyristor and Gate Turn Off Thyristors are used to reduce the input resistance and achieve high turn off performance. In July 2020, STMicroelectronics N.V. updated its ST Automotive Thyristors to improve the blocking capability of 1200V at high junction temperature. These AEC-Q101 approved Thyristors were designed for 2 to 22 kW on-board charger bridge or bridgeless topologies in electric vehicles. Additionally, they can also be used for AC-DC rectification in battery chargers and UPS systems, as well as soft starters in motor drives and solid-state relays. Such developments are driving the demands for thyristors in automobile sector. According to a BloombergNEF study conducted in 2021, the global electric vehicle market size and adoption will grow in the long run. As per the report, electric vehicles account for only 3% of global car sales in 2021. However, the electric vehicles will account for 10% of global passenger vehicle sales in 2025 and will rise to 28% in 2030. Such factors will help in expanding the growth of Thyristor Market size in the long run.
Growing applications of Thyristor Control Devices in Power Applications are Increasing the Demand for Thyristors:
Increasing utilization of Thyristor control devices in power applications is boosting the growth of Thyristors industry. Electric motors are used in a wide range of power applications, spanning a few watts to thousands of kilowatts. Many applications require extremely precise position adjustments and, in many circumstances, optimum performance and efficiency are the primary concerns. Thus, Thyristors are widely used to control voltage using various single-phase AC/DC converters. Thyristor controlled device responds faster, due to its capability of reducing the time lag caused by the generator field and alternator. Thyristor controlled devices are smaller in size, lighter in weight, less expensive and require less space & maintenance leading to their increasing application in a variety of devices. In June 2021, Proton-Electrotex launched B0 Diode & Thyristor Modules with improved electrical and thermal parameters which enabled IFAV / ITAV values of up to 700 A. These modules were designed to serve usage in energy converters as well as other DC and AC circuits of various power electrical units, with primary utilized in electric drive control systems, rectifier bridges, electric motors and power supplies. According to a report published by the International Energy Agency (IEA) in 2021, global electricity demand increased by 5% in 2021, driving the demand for cost-effective electricity transmission solutions. These developments will contribute to the growth of the demand for Thyristor control devices serving power applications to reduce power losses. These factors are set to help in expansion of the Thyristor Market size in the long run.
Thyristor Market Challenges
High implementation Costs coupled with the Increasing Adoption of its Substitutes such as Transistor Circuits is Restricting the Growth of Thyristor Market:
High cost of installation combined with the increasing adoption of its substitutes including transistor circuits are limiting the growth of Thyristor Market. The transistor circuit is analogous to the Thyristors which use bipolar junction transistors & pn junction. Conduction of alternating current is indefinite in transistor circuits as long as the current is flowing between the anode and the cathode. However, Thyristors conduct current in only one direction leading to their limited adoption of Thyristors in applications that require continuous electric supply. Furthermore, Thyristors offer low switching speed in power control applications, which reduces power output resulting in their limited adoption in the Power Transmission industry. Additionally, some of the high current Thyristors used in industries may cost several hundred dollars each. According to Alibaba, an e-commerce site, Thyristors are priced between $300 and $500. It has been observed that the cost of Thyristors rises further with the increasing complexity & demand. Thus, the high cost of Thyristors limit their adoption in various devices thereby hampering the growth of Thyristor industry.
Thyristor Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Thyristor Market. The top 10 companies in the Thyristor Market are:
- ABB Ltd
- Analog Devices, Inc
- Eaton Corporation Plc
- Fuji Electric Co., Ltd
- Infineon Technologies AG
- Honeywell International Inc.
- Hitachi Corporation
- Schneider Electric SE
- STMicroelectronics N.V
- Renesas Electronics Corporation
- In June 2022, STMicroelectronics launched AEC-Q101 Qualified SCR Thyristors for battery chargers to regulate current and manage capacitor discharges. These Thyristors can resolve power loss dissipation and are useful for electric vehicle on-board chargers ranging from 3.7 to 22 kW. It has a 600 A surge current capability, 200 A/s turn-on reliability and offers compatibility with battery management systems leading to their wide application in electric vehicles.
- In October 2021, Renesas launched triac and Thyristor devices with a secured junction temperature (Tj) of 150 °C under a variety of package options. These Thyristors are widely used in consumer electronic devices like washing machines and Television.
- In May 2021, Hitachi launched the BiPolar Thyristor power modules with industry-standard housings and low power loss capability. It operates at the highest temperatures and offers a high level of reliability & performance. These transistors are commonly used in the manufacturing industry to improve efficiency and reduce power loss.
Relevant Report Titles:
Report Code: AIR 0062
Report Code: ESR 0033
Report Code: ESR 0195
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