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Tuesday, October 17, 2023

Global Thyristor Surge Suppressor Market is anticipated to grow at a CAGR of 5% during 2024 to 2030

The future of the global thyristor surge suppressor market looks promising with opportunities in the communication, electronics, power industry, transportation, medical, industrial, and automotive markets. The global thyristor surge suppressor market is expected to reach an estimated $1.38 billion by 2030 with a CAGR of 5% from 2024 to 2030. The major drivers for this market are rising demand in data center applications, growing demand of smart grids and reliable protection against voltage transients, as well as, high adaption for thyristor surge suppressors in transportation systems.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the thyristor surge suppressor market by type (SMA type thyristor surge suppressors, SMB type thyristor surge suppressors, SMC type thyristor surge suppressors, and SMD type thyristor surge suppressors), distribution channel (direct and indirect), application (communication, electronics, power industry, transportation, medical, industrial, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, direct and indirect are the major segments of thyristor surge suppressor market by distribution channel. Lucintel forecasts that indirect is expected to witness highest growth over the forecast period due to larger distribution of TSS to end users, such as manufacturers, industrial users, and commercial users.

Within this market, power industry will remain the largest segment over the forecast period due to growing requirement for thyristor surge suppressors in power generation and distribution scenarios.

APAC is expected to witness highest growth over the forecast period due to surging request for communication systems and electronic products in nations like China, India, Japan, South Korea, and Taiwan.

SSG Semiconductor, Shindengen Electric, Ruilon Electronics, UN Semiconductor, and Brightking are the major suppliers in the thyristor surge suppressor market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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