Thyristor Market to Hit $72B by 2036 on Rising Electricity Demand and Automation Trend
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Global thyristor market size to reach $72 billion by 2036 with 7% CAGR between 2024-2036 due to rising demand for electricity and increasing use of control devices like thyristors
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Key players include STMicroelectronics, Vishay Intertechnology, Schneider Electric, TSMC, Sensata Technologies, etc.
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Strict emissions regulations and growing electric vehicle usage driving market growth
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Asia Pacific to register 33% revenue share owing to presence of prominent players and surge in thyristor producers
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Low voltage thyristor segment to dominate with 40% share due to automation trend across industries