Thyristor Market to Reach $2.9 Billion by 2035

Thyristor market was valued at $1.7 billion in 2025, projected to reach $2.9 billion by 2035, growing at a CAGR of 5.8% from 2026 to 2035. A major driver of this market is the rapid growth in electricity demand in both developed and emerging economies. According to the International Energy Agency, electricity demand in countries like India is projected to grow significantly, with India alone expected to witness around 4% demand growth in 2025 and further acceleration in 2026. This surge in demand is strongly linked to industrial expansion, urbanisation, and the increasing adoption of electrical appliances.

Browse the full report description of “Thyristor Market Size, Share & Trends Analysis Report by Type (Silicon-Controlled Rectifier (SCR), Gate Turn-Off Thyristor (GTO), Integrated Gate-Commutated Thyristor (IGCT), TRIAC (Bidirectional Thyristor), Light-Triggered Thyristor (LTT)), by Voltage Rating (Low Voltage (<1 kV), Medium Voltage (1–6 kV), High Voltage (>6 kV)), by Application (Power Transmission, Motor Drives & Industrial Automation, Power Electronics & Conversion Systems, Heating & Temperature Control Systems, Renewable Energy Systems (Solar, Wind Inverters), Lighting & Dimming Control, and Others), and Forecasts, 2025–2035 ($ Million), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/thyristor-market

In addition, official data from the Government of India shows that the country’s total installed power capacity reached 476 GW as of June 2025, highlighting a massive expansion in generation and transmission infrastructure. Furthermore, India is targeting 500 GW of non-fossil-fuel capacity by 2030, reflecting large-scale investments in grid systems and renewable energy integration. These developments directly support the thyristor market, as thyristors are critical components in high-voltage power control, especially in HVDC transmission systems and industrial power electronics.

Innovation Leaders Transforming the Thyristor Market

The key players in the thyristor market include Mitsubishi Electric Corporation, ABB Ltd, Fuji Electric Ltd, Infineon Technologies AG, STMicroelectronics, among others. These companies are advancing innovation in thyristor solutions through the development of high-efficiency power switching devices, improved thermal performance, and advanced high-voltage semiconductor technologies, enabling reliable power control and energy conversion across industrial systems, grid infrastructure, and renewable energy applications while supporting the growing demand for efficient and scalable electrification solutions.

• In February 2026, Hitachi Energy & Pakal Technologies collaborated to integrate IGTO thyristor technology into high-voltage power modules, delivering ~30% lower power losses and improved efficiency for applications like rail, renewables, and data centers.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment covered-
  • By type
  • By power rating
  • By application
• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive landscape – Mitsubishi Electric Corporation, ABB Ltd, Fuji Electric Ltd, Infineon Technologies AG, STMicroelectronics and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Thyristor Market Report Segment

By Type

• Silicon Controlled Rectifier (SCR)
• Gate Turn-Off Thyristor (GTO)
• Integrated Gate Commutated Thyristor (IGCT)
• TRIAC (Bidirectional Thyristor)
• Light-Triggered Thyristor (LTT)

By Power Rating

• Low Voltage (<1 kV)
• Medium Voltage (1–6 kV)
• High Voltage (>6 kV)

By Application

• Power Transmission
• Motor Drives & Industrial Automation
• Power Electronics & Conversion Systems
• Heating & Temperature Control Systems
• Renewable Energy Systems (Solar, Wind Inverters)
• Lighting & Dimming Control
• Others

Global Thyristor Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/thyristor-market