TRIAC Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global TRIAC Market was valued at USD 9.1 billion in 2023 and is projected to grow at a CAGR of 8.2% between 2024 and 2032, driven by the rising use of TRIACs in consumer electronics for efficient power control. With the expansion of the consumer electronics sector, fueled by the growing adoption of smart homes and IoT devices, the demand for TRIACs is expected to escalate, supporting market growth.

The market is segmented based on voltage range, with the high-voltage TRIACs segment anticipated to grow at a CAGR of 9.4% during the forecast period. High-voltage TRIACs, designed for applications exceeding 800V, are critical in managing power-intensive systems. Their ability to handle substantial electrical loads while maintaining efficiency and stability makes them indispensable for industrial equipment, electrical grids, and other high-power applications. Increasing industrial automation and advancements in power management technologies are expected to bolster the demand for these components.

In terms of packaging type, through-hole packages are projected to reach USD 6.8 billion by 2032. This packaging style offers mechanical durability and is suitable for applications requiring high-power dissipation. Through-hole packages are favored for their robustness, ease of assembly, and repairability, especially in environments where electronic components are subject to physical stress. While they occupy more space compared to surface-mount alternatives, their reliability in rugged applications ensures their continued relevance in the market.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$9.1 Billion
Forecast Value	$18.4 Billion
CAGR	8.2%

Regionally, the United States accounted for 77.8% of the TRIAC market share in 2023. The strong demand for TRIACs is supported by its emphasis on energy-efficient solutions and the widespread adoption of smart technologies. Government initiatives promoting energy efficiency, in line with advancements in industrial automation and automotive electronics, are significant contributors to market growth. The proliferation of smart home systems, including advanced lighting and climate control technologies, further underscores the demand for TRIACs in the region.

As industries continue to innovate and adopt more energy-efficient and automated systems, the global TRIAC market is set to witness steady growth. These components help in various applications, ensuring stability, efficiency, and control in power management systems across diverse sectors.

Product Code: 12191

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increasing adoption of consumer electronics
  - 3.6.1.2 Growing demand for energy-efficient solutions
  - 3.6.1.3 Rising adoption in automotive electronics
  - 3.6.1.4 Growth of the renewable energy sector
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Limitations in high-power applications
  - 3.6.2.2 Supply chain disruptions and material shortages
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Million) (Volume Units)

5.1 Key trends
5.2 Sensitive gate TRIACs
5.3 Standard TRIACs
5.4 Alternistor TRIACs
5.5 Snubberless TRIACs

Chapter 6 Market Estimates & Forecast, By Voltage Rating, 2021-2032 (USD Million) (Volume Units)

6.1 Key trends
6.2 Low voltage TRIACs (up to 400V)
6.3 Medium voltage TRIACs (400V to 800V)
6.4 High voltage TRIACs (above 800V)

Chapter 7 Market Estimates & Forecast, By Package Type, 2021-2032 (USD Million) (Volume Units)

7.1 Key trends
7.2 Through-hole packages
7.3 Surface mount packages

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Volume Units)

8.1 Key trends
8.2 Lighting controls
8.3 Home appliances
8.4 Power supply
8.5 HVAC systems
8.6 Others

Chapter 9 Market Estimates & Forecast, By End Use Industry, 2021-2032 (USD Million) (Volume Units)

9.1 Key trends
9.2 Consumer electronics
9.3 Industrial automation
9.4 Automotive
- 9.4.1 Electric vehicles (EVs)
- 9.4.2 Hybrid vehicles
9.5 Telecommunications
9.6 Aerospace & defense
9.7 Healthcare
9.8 Energy & power
9.9 Others

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Volume Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE

Chapter 11 Company Profiles

11.1 ABB Ltd.
11.2 Arrow Electronics, Inc.
11.3 Bourns, Inc.
11.4 Central Semiconductor
11.5 Diodes Incorporated
11.6 Fuji Electric
11.7 Hitachi Power Semiconductor Device
11.8 Infineon Technologies
11.9 IXYS Corporation
11.10 Littelfuse
11.11 Mitsubishi Electric
11.12 Microchip Technology
11.13 Nexperia
11.14 ON Semiconductor
11.15 Renesas Electronics
11.16 ROHM Semiconductor
11.17 Semikron
11.18 STMicroelectronics
11.19 Toshiba Corporation
11.20 Vishay Intertechnology
11.21 WeEn Semiconductors

TRIAC Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032