Gate Turn-Off Thyristor Market Report: Trends, Forecast and Competitive Analysis to 2030

Gate Turn-Off Thyristor Trends and Forecast

The future of the global gate turn-off thyristor market looks promising with opportunities in the power substation, automobile, oil and gas, and mining applications. The global gate turn-off thyristor market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are rising focus on clean energy sources, increasing demand for batteries and other forms of energy storage, and growing use of smart grid technologies.

A more than 150-page report is developed to help in your business decisions.

Gate Turn-Off Thyristor by Segment

The study includes a forecast for the global gate turn-off thyristor by type, application, and region.

Gate Turn-Off Thyristor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Asymmetric Gate Turn-Off Thyristor
• Symmetric Gate Turn-Off Thyristor

Gate Turn-Off Thyristor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Power Substations
• Automobile
• Oil and Gas
• Mining
• Others

Gate Turn-Off Thyristor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Gate Turn-Off Thyristor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gate turn-off thyristor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gate turn-off thyristor companies profiled in this report include-

• NR Electric
• Mitsubishi Electric
• General Electric
• Poweroneups
• Veeral Controls
• Signotron
• Crompton Greaves
• ABB
• Schneider Electric
• Bharat Heavy Electricals Limited

Gate Turn-Off Thyristor Market Insights

Lucintel forecasts that asymmetric is expected to witness the higher growth over the forecast period.

Within this market, power substation is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

Features of the Global Gate Turn-Off Thyristor Market

Market Size Estimates: Gate turn-off thyristor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Gate turn-off thyristor market size by type, application, and region in terms of value ($B).

Regional Analysis: Gate turn-off thyristor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the gate turn-off thyristor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gate turn-off thyristor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the gate turn-off thyristor market size?

Answer: The global gate turn-off thyristor market is expected to reach an estimated $1.6 billion by 2030.

Q2. What is the growth forecast for gate turn-off thyristor market?

Answer: The global gate turn-off thyristor market is expected to grow with a CAGR of 7.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the gate turn-off thyristor market?

Answer: The major drivers for this market are rising focus on clean energy sources, increasing demand for batteries and other forms of energy storage, and growing use of smart grid technologies.

Q4. What are the major segments for gate turn-off thyristor market?

Answer: The future of the gate turn-off thyristor market looks promising with opportunities in the power substation, automobile, oil and gas, and mining applications.

Q5. Who are the key gate turn-off thyristor market companies?

Answer: Some of the key gate turn-off thyristor companies are as follows:

• NR Electric
• Mitsubishi Electric
• General Electric
• Poweroneups
• Veeral Controls
• Signotron
• Crompton Greaves
• ABB
• Schneider Electric
• Bharat Heavy Electricals Limited

Q6. Which gate turn-off thyristor market segment will be the largest in future?

Answer: Lucintel forecasts that asymmetric is expected to witness the higher growth over the forecast period.

Q7. In gate turn-off thyristor market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the gate turn-off thyristor market by type (asymmetric gate turn-off thyristor and symmetric gate turn-off thyristor), application (power substations, automobile, oil and gas, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?