The global thyristor market to grow at a CAGR of 7.16% during the period 2016-2020.
Global Thyristor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Many developed and developing countries have announced investments in smart grids due to aging power infrastructure. Smart grids employ modern electronic systems for advanced T&D of power through the grid. The growing demand for a low carbon emission power system has led to the growth of renewable energy such as wind, solar, geothermal, and hydropower. This rise in demand will drive the market for thyristors during the forecast period.
According to the report, the aging power infrastructure in developing nations needs upgrading to incorporate technological advances in the transmission and distribution (T&D) of electricity. Rising global population and urbanization have resulted in increased demand for electricity, especially in developing nations. Thyristors are used in the inverters to convert electricity to drive an AC appliance. Also, the establishment of offshore wind farms will drive the global thyristors market during the forecast period because of their ability to generate more energy using fewer turbines.
Further, the report states that low adoption in low-power and medium-power applications can hinder the market growth.
To calculate the market size, the report considers revenue generated from the following applications of thyristors:
- Industrial electronics
- Consumer electronics
- Automotive electronics
- Infineon Technologies
- Mitsubishi Electric
- ON Semiconductor
Other prominent vendors
- Fairchild Semiconductor
- Semikron International
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/w24xz6/global_thyristor
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SOURCE Research and Markets