Global Thyristor Market: Insights and Forecast with Impact of COVID-19 (2022-2027)

DELHI, India - June 14, 2022 - PRLog -- he Global Thyristor Market was valued at USD 5.2 billion in the year 2021 with the APAC region leading the regional market share. With an increase in population and rapid technological advances in the electronics industry (particularly in consumer electronics and industrial electronics), the rate of power consumption has increased. This consequently necessitates an increase in the construction of power grids. Additionally, the emergence of the Internet of Things (IoT) and artificial intelligence (AI) is providing ample opportunities for market development. In addition, rising government initiatives for HDVC installations are likely to stimulate market demand in the future.

The growing need for power-efficient products is one of the major factors driving the demand for high power electronics products across the industrial sector. Moreover, the use of robotics and computers at smart factories requires voltage above 1000 MW, which is driving the thyristor market. Countries in APAC such as China is focusing on the adoption of HVDC systems for its high population that needs a substantial power supply which is expected to boost the thyristor market.

Scope of the Report

• The report presents the analysis of Thyristor for the historical period of 2017-2021 and the forecast period of 2022-2027.
• The report analyses the Thyristor by Value (USD Million).
• The report analyses the Thyristor by By Power Rating (Below 500 MW, 500-999MW, Above 1000 MW).
• The report analyses the Thyristor By Application (Industrial Electronics, Consumer Electronics, Communication, Automotive Electronics).
• The key insights of the report have been presented through the frameworks of Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Power Rating, By Application.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include ABB Ltd., ON Semiconductor Corporation, Infineon Technologies AG, STMicroelectronics, Mitsubishi Electric Corporation, Siemens AG, Fuji Electric Co., Ltd., Analog Devices, Inc., Vishay Intertechnology, Inc., Semikron.

For more Information:

https://azothanalytics.com/report/electronics-technology/global-thyristor-market-2022-edition-analysis-by-power-rating-application-by-region-by-country-market-insights-and-forecast-with-impact-of-covid-19-2022-2027

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