Lucintel Newsletter

Business News by Lucintel

Bookmark and Share

Tuesday, October 17, 2023

Global TVS Thyristor Market is anticipated to grow at a CAGR of 12.9% during 2024 to 2030

The future of the global TVS thyristor market looks promising with opportunities in the commercial use and industrial use markets. The global TVS thyristor market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 12.9% from 2024 to 2030. The major drivers for this market are rising need for cost-effective and energy-efficient solutions in industrial, commercial, and residential applications, increased funding allocated to research and development endeavors, and boost in customers' spending potential due to increased disposable income.

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 TVS thyristor market by type (high power thyristor, medium power thyristor, and low power thyristor), manufacturing process (planar and epitaxial), application (commercial use, industrial use, 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, high power thyristor, medium power thyristor, and low power thyristor are the major segments of TVS thyristor market by type. Lucintel forecasts that high power thyristor will remain the largest segment over the forecast period because it is engineered for high voltage and high-energy applications, as well as, it is suitable for both single-phase and three-phase systems. Within this market, commercial will remain the largest segment over the forecast period because it helps to safeguard electrical circuits against voltage fluctuations, surges, or lightning strikes, as well as, range of equipment, including transformers, power distribution units, and various other devices.

APAC is expected to witness highest growth over the forecast period due to growth of VFDs and soft starters in industrial applications.

ON Semiconductor, Diodes Incorporated, Infineon Technologies, STMicroelectronics, Toshiba Corporation, Mitsubishi Electric Corporation, and Fuji Electric Corporation are the major suppliers in the TVS thyristor 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

Related Reports

1. Computer and Peripheral Connector Market

 

2. Multilayer Ceramic Capacitor Market

 

3. Semiconductor Wafer Cleaning Equipment Market

 

4. Printed Circuit Board Market

 

5. Semiconductor Market

 

6. Connector Market

 

7. Pressure Sensor Market

 

8. Probe Card Market

 

9. Sensor Market

 

10. Smart Card IC Market

No comments:

Post a Comment