Luton, Bedfordshire, United Kingdom, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Silicon Controlled Rectifier Market.
"The global Silicon Controlled Rectifier Market is estimated to be valued over USD 819.8 Million by 2029, It is anticipated to reach a CAGR over 5.26% during the forecast period from 2022 to 2029."
A unidirectional power switch used to switch between direct current (DC) and alternate current is called a silicon controlled rectifier (AC). Additionally, it is utilised to convert AC signals into regulated DC outputs and vice versa. In recent years, the concern over transmission losses has grown due to the widening imbalance between electricity supply and demand. The consumption of power electronics by devices, which currently accounts for 70% of all global energy consumption and is predicted to rise during the projection period, is what is driving the global market's expansion.
When compared to mechanical switches, silicon-controlled rectifiers have reduced switching losses and generally faster switching times. Their use also results in lower transmission losses, which in turn is increasing demand for them. The characteristics of low switching loss and low thermal stress lengthen the life of the power electronics devices as a whole. The silicon controlled rectifier's superior thermal efficiency is also anticipated to increase demand for them in industrial applications.
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Industry Insights:
Infineon Technologies AG:
17 September 2021 – Infineon Technologies AG announced officially opened its high-tech chip factory for power electronics on 300-millimeter thin wafers at its Villach site in Austria under the motto “Ready for Mission Future.” At 1.6 billion euros, the investment made by the semiconductor group represents one of the largest such projects in the microelectronics sector in Europe. The Villach site is one of the world’s most modern fabs and was opened by Infineon CEO Reinhard Ploss, Infineon Austria CEO Sabine Herlitschka along with EU Commissioner Thierry Breton and Austrian Chancellor Sebastian Kurz.
Regional Insights:
Due to the widespread use of flexible AC transmission technologies as well as the construction and growth of the smart power grid in the region, North America now holds a monopoly on the silicon controlled rectifier (SCR) industry. Asia-Pacific is anticipated to have considerable growth between 2021 and 2028 as a result of rising investments in power grid expansion projects in countries like China, India, Indonesia, and Vietnam as well as the use of SCR across a variety of industrial sectors.
As a part of Silicon Controlled Rectifier market segmentation, our study exhibits a market analysis based on type, Market application and Historic Data:
| Attributes | Details (Current Scenario) |
| Base-Year | 2020-2021 |
| Historic Data | 2019-2020 |
| Forecast Period | 2022-2029 |
| Regions Covered |
|
| By Type/function |
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| By Application |
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| CAGR (XX%) | 5.26 % (Current Market Analysis) |
| Customization Available | Yes, the report can be customized as per your need. (Free 15% Customization) |
| Delivery Format | PDF, and Excel through Email |
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Key benefits of the report:
-This study presents the analytical representation of the global Silicon Controlled Rectifier market along with the current trends and future estimates to determine the forthcoming investment pockets.
-The research report presents information related to key drivers, restraints, and opportunities along with thorough analysis of the global Silicon Controlled Rectifier market share.
-The current market is qualitatively and quantitatively analyzed from 2022 to 2029 to highlight the global Silicon Controlled Rectifier market business scenario.
-Porter’s five forces analysis illustrates the strength of buyers and suppliers in the market.
-The report provides a detailed global Silicon Controlled Rectifier market analysis based on competitive landscape.
Frequently Asked Questions about This Report:
- Who are the leading market players active in the Silicon Controlled Rectifier market?
- What the current trends will influence the market in the coming years?
- What are the driving features, restraints, and opportunities in the market?
- What are the predictions for the future that would help in taking further strategic steps?
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