Global Silicon Control Rectifier (Thyristor) Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

The replacement of aging power distribution infrastructure in developed regions, along with high penetration of smart grids in the developing countries is driving the growth of the global silicon control rectifier market. Silicon control rectifiers are intensively used in power electronic applications, such as inverters, switches and controllers, from almost 50 years. The upsurge in urbanization, in addition with increased government spending on modern power generation and distribution infrastructure in the developing countries is expected to drive the growth of the global silicon control rectifier market during the forecast period. Silicon control rectifier offers lower switching losses, and relatively faster switching times, as compared to mechanical switches; while their use also reduces transmission losses, which in turn is driving its demand. The properties, such as low switching loss and low thermal stress increases the product life cycle of the power electronics devices. Moreover, the high thermal efficiency of the silicon control rectifier is expected to boost their demand in industrial applications.

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Silicon control rectifier is a unidirectional power switch, used in switching between direct current (D.C.) and alternative current (AC). It is also used for the rectification of AC signals in controlled DC output and vice versa. With the increasing demand and supply gap of electricity, the concern over transmission losses has intensified in the past few years. At present about 70% of the global electricity is consumed by the devices equipped with power electronics, which is expected to increase during the forecast period; all this is responsible for fuelling the growth of the global market during the forecast period. In the developed regions, more than 80% of the total electricity is consumed by power electronics enabled devices.

Power electronics is used in several industrial applications for the balanced distribution and consumption of energy in various industrial processes. Factors such as reliability, cost benefits, miniaturization, and increased product life cycle of electrical equipment are fueling the power electronics equipment market, which in turn is driving the growth of global silicon rectifier market. North America accounted for the largest market share in the global silicon control rectifier market in 2014.

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The development of smart power grid, along with high penetration of flexible AC transmission system is driving the growth of the market in North America. The U.S. remains the largest market in North America. The European market is driven by the replacement of existing power distribution infrastructure. Germany, the U.K., Italy, and Spain are the major markets in Europe. The Asia-Pacific silicon control rectifier market is expected to be the fastest growing regional market, during the forecast period. The growth of smart grids, along with the increased power generation and consumption in the developing countries is providing ample growth opportunity for the global silicon control rectifier market. Country wise, China, India, and Japan are the major markets in Asia-Pacific. The Latin American market is largely dominated by Brazil.

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