POWER TRANSISTORS AND THYRISTORS DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Factors Driving Growth of the Power Transistors and Thyristors Devices Market

Rising demand for consumer electronics is fueling growth of power transistors and thyristor device market globally. Power transistors and thyristors devices are used in consumer devices to control and regulate the power. Growth in disposable income is leading to increasing demand for consumer electronics globally. According to a report published by World Bank, in October 2019, in 2016–2017, disposable personal income in Thailand increased from US$ 253,848.24 million to US$ 586,575.6 million. Which will subsequently drive the adoption of power transistors and thyristor devices.

However, lack of skilled labors and increasing R&D cost may hamper growth of power transistors and thyristors market over the forecast period. Other factors such as stiff competition in the semiconductor industry and less profit margin for transistors and thyristors is expected to hinder the growth of the global power transistors and thyristors devices.