How big is the Thyristor Market | Industry Trends & Analysis 2025

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Code: MTA9300

Publication Date: Sep 2025

What is the size of Thyristor Market?

According to 6Wresearch internal database and industry insights, the Global Thyristor Market was valued at USD 1.9 Billion in 2024 and is expected to reach USD 2.76 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).

Key factors fuelling this growth are the demand for more efficient power electronics, the expanding use of renewable energy systems with reliable power electronics, the growth of smart grid infrastructure and energy efficiency, new demand momentum from consumer electronics, and continued advances in industrial automation technologies across industries.

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Growth Factors for Thyristor Industry

Increased demand for high-efficiency power control devices for industrial applications.
Wider usage of renewable energy systems needs reliable power electronics.
More deployment of smart grid infrastructure and energy-efficient solutions.
Rapid adoption of consumer electronics and automotive electronics.
Continuous advances in motor control and industrial automation technologies.

Thyristor Market Trends

Thyristor market trends emphasize the market's ongoing integration into the power transmission space, renewable energy, and industrial applications. The growth of investment in smart grid infrastructure and efficient power conversion is driving demand. Compact high-performance thyristors are increasing to meet demand from automotive electronics, consumer devices, and renewable systems. Sustainability is leading manufacturers to new methods of design and production efficiency in line with broader industry trends.

Emerging Developments in the Thyristor Market

The Thyristor Market developments indicate advancements in wide-bandgap semiconductor materials like silicon carbide and gallium nitride that enhance efficiency. Companies are concentrating on smaller designs to accommodate compact devices and more advanced power systems. Increased focus on electrification in transport, as well as renewable integration, is producing changes and rapid development. Additionally, manufacturers continue to increase distribution via online platforms and partnership strategies, as a way to broaden access while increasing their presence in key industry segments.