Thyristor Market to Grow at 7.16% CAGR Driven by Demand From Electric Vehicles and APAC to 2020

May 31, 2016, 08:30 ET from Sandler Research

PUNE, India, May 31, 2016 /PRNewswire/ --

According to the 2016 thyristor market 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 thyristor market during the forecast period because of their ability to generate more energy using fewer turbines.

Complete report on thyristor market spread across 59 pages, analyzing 4 major companies and providing 35 data exhibits now available at .

The analysts forecast global thyristor market to grow at a CAGR of 7.16% during the period 2016-2020. 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 thyristor market during the forecast period.

Power grids in countries such as the US and China are facing infrastructure-related challenges in their day-to-day operations. 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

APAC is expected to record the fastest growth during 2016-2020. Thyristor market accounted for close to USD 1.09 billion in revenue in 2015 and is expected to reach USD 1.6 billion (44.21% of the market's total revenue) in revenues by 2020.

The following companies are the key players in the global thyristor market: ABB, Infineon Technologies, Mitsubishi Electric, and ON Semiconductor. Other prominent vendors in the market are: Fairchild Semiconductor, Hitachi, Semikron International, STMicroelectronics, and Toshiba. Order a copy of Global Thyristor Market 2016-2020 report @ .

Offshore wind resources generate more energy by using fewer turbines than traditional electricity grids. More than 91% of the world's offshore wind power generation capacity is installed in northern Europe, in the North Sea, Baltic and Irish Seas, and the English Channel. Offshore wind is an essential component of Europe's binding target to source 20% of its final energy consumption from renewables by 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. The report covers the present scenario and the growth prospects of the global thyristor market for 2016-2020. To calculate the market size, the report considers revenue generated from the following applications of thyristors: Industrial electronics, Consumer electronics, and Communications and Automotive electronics.

Another related report is Global DC Drives Market 2015-2019, the analysts forecast global DC drives market to grow at a CAGR of 9.33% over the period 2014-2019. The global DC drives market is negatively affected by the growing trend of manufacturers in industries such as F&B, power, automotive, metal processing and textiles industries replacing DC motors with more efficient AC motors. Globally, the market for AC motors is six to seven times larger than the market for DC motors. The growth of more affordable AC technology and the rising use of inverters in industries have prompted end-users to replace their existing DC systems with AC systems. Browse complete report @ .

Explore other new reports on Semiconductor & Electronics Market @ .

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SOURCE Sandler Research