Luton, Bedfordshire, United Kingdom, May 29, 2025 (GLOBE NEWSWIRE) — Market OverviewIn April 2024This development strengthens ABB’s foothold in green energyIn December 2023The integration of SiC technologyIn February 2024This move addresses growing global needs for high-voltage, high-reliability switching devicesIn May 2024This partnership boosts STMicroelectronics’ exposure to industrial and energy sector applicationsIn August 2023This development strengthens Siemens’ position in the power transmissionThe global TCR Static Var Compensator (SVC) market is estimated to reach a value of approximately $2.1 billion in 2024, driven by the rising demand for voltage stability and power quality in electrical systems. The market is expected to witness substantial growth, projected to reach around $4.5 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 8.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/63849/global-tcr-static-var-compensator-svc-marketThe global market for FACTS (Flexible AC Transmission Systems) devices is valued at approximately $4.5 billion in 2024, with a projected market value of around $6.8 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 4.3% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/62820/global-facts-devices-marketThe global market for semiconductor discrete devices is valued at approximately $25 billion in 2024, with projections indicating a robust growth trajectory that could elevate the market to around $39 billion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of approximately 4.7% during the period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/61450/global-semiconductor-discrete-devices-marketThe global zinc oxide surge arresters market is valued at approximately $1.2 billion in 2024, driven by the increasing demand for efficient electrical protection in various industries, particularly in renewable energy and telecommunications. As electrification expands and infrastructure upgrades proliferate, the market is projected to reach around $2 billion by 2034, reflecting a robust growth trend.
https://exactitudeconsultancy.com/reports/60780/global-zinc-oxide-surge-arresters-marketThe global High Current Rectifier market is poised for significant growth, valued at approximately $2.5 billion in 2024, with projections indicating an escalation to around $4.8 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/59846/global-high-current-rectifier-marketThe global thyristor protectors market is valued at approximately $1.2 billion in 2024, with projections indicating a growth trajectory that could elevate the market value to around $2.1 billion by 2034. This reflects a robust Compound Annual Growth Rate (CAGR) of about 6% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/49224/thyristor-protectors-marketThe global market for thyristor rectifier electric locomotives is valued at approximately $3 billion in 2024, reflecting a growing interest in electrification and more efficient rail systems. The market is projected to reach around $4.6 billion by 2034, with a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/49223/thyristor-rectifier-electric-locomotive-marketThe global thyristor market is estimated to reach approximately $5.8 billion in 2024, benefiting from strong demand across power electronics and industrial applications. The market is projected to experience robust growth, with an anticipated value of around $9.9 billion by 2034, representing a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/49219/thyristor-marketThe global Thyristor Electric Power Controller market is valued at approximately $2.5 billion in 2024, driven by increasing demand for energy-efficient power management systems across various industries. The market is projected to expand significantly, reaching an estimated value of $5 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/48892/thyristor-electric-power-controller-marketThe high-power thyristor market is poised for substantial growth, with an estimated market value of approximately $2.5 billion in 2024. Projections indicate a robust growth trajectory, anticipating a market value reaching around $4.1 billion by 2034. This growth translates to a Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/48875/high-power-thyristors-marketThe power semiconductor market is expected to grow at 6.30% CAGR from 2022 to 2029. It is expected to reach above USD 97.33 billion by 2029 from USD 59.7 billion in 2020.
https://exactitudeconsultancy.com/reports/22072/power-semiconductor-marketThe GaN (Gallium Nitride) epitaxial market is valued at approximately $1.2 billion in 2024, with expectations to reach around $3.5 billion by 2034. This growth translates to a Compound Annual Growth Rate (CAGR) of approximately 11.6% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/64657/gan-epitaxial-marketThe global market for silicon carbide (SiC) based power electronics is valued at approximately $3.5 billion, with strong growth prospects driven by rising demand in electric vehicles (EVs), renewable energy systems, and efficient power management solutions. The market is projected to reach around $12 billion by 2034, reflecting a robust compound annual growth rate (CAGR) of approximately 13.4% during the forecast period of 2025 to 2034.
https://exactitudeconsultancy.com/reports/64584/global-sic-based-power-electronics-marketThe global high-purity silicon carbide (SiC) powder market is poised for substantial growth, with an estimated market value of approximately $1.2 billion in 2024. The market is projected to reach around $2.8 billion by 2034, reflecting robust demand driven by advancements in semiconductor technology, particularly in electric vehicles (EVs) and renewable energy applications.
https://exactitudeconsultancy.com/reports/64270/global-high-purity-silicon-carbide-powder-for-wafer-marketThe global submount (heatspreader) market is estimated to reach a value of approximately $3.5 billion in 2024. This growth is largely driven by increasing demands in electronics, especially in semiconductor and advanced packaging applications. For the forecast period from 2025 to 2034, the market is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 7.5%, indicating a projected market value of around $6.5 billion by 2034.
https://exactitudeconsultancy.com/reports/64230/global-submount-heatspreader-marketThe global Gallium Nitride High Electron Mobility Transistor (GaN HEMT) epitaxial wafer market is valued at approximately $1.5 billion in 2024. Forecasts indicate a robust growth trajectory, with a projected market value reaching around $4.5 billion by 2034. This growth translates to a compound annual growth rate (CAGR) of about 13.8% during the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/64214/global-gan-hemt-epitaxial-wafer-marketThe global electric components market for new energy vehicles (NEVs) is projected to be valued at approximately $160 billion in 2024. The market is expected to experience significant growth over the forecast period of 2025 to 2034, reaching an estimated value of $380 billion by 2034. This expansion corresponds to a robust Compound Annual Growth Rate (CAGR) of about 9% during this period.
https://exactitudeconsultancy.com/reports/63634/global-electric-components-for-new-energy-vehicle-marketThe global Gallium Nitride (GaN) on Diamond semiconductor substrates market is valued at approximately $120 million in 2024 and is projected to reach around $350 million by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 11.2% for the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/63489/global-gan-on-diamond-semiconductor-substrates-marketThe global industrial electronics market is poised to reach a value of approximately $1.2 trillion in 2024, driven by the increasing adoption of automation and smart technologies across various sectors. Over the forecast period from 2025 to 2034, the market is projected to exhibit robust growth, anticipating a value of around $1.9 trillion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of about 5.5%, reflecting a steady demand for advanced industrial solutions.
https://exactitudeconsultancy.com/reports/63095/global-industrial-electronics-marketThe global epitaxy deposition market is poised for significant growth in 2024, with an estimated market value of USD 8.2 billion. This expansion is propelled by increasing demand for semiconductor devices and advancements in LED technologies. As industries prioritize innovations in material science and nanotechnology, the market is projected to reach approximately USD 15.5 billion by 2034, demonstrating a robust Compound Annual Growth Rate (CAGR) of 7% over the forecast period from 2025 to 2034.
https://exactitudeconsultancy.com/reports/62969/global-epitaxy-deposition-market
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