TRIAC Market Size - By Type, Voltage Rating, Package Type, Application, End Use Industry Analysis, Share, Growth Forecast, 2024 - 2032

TRIAC Market Size

The global TRIAC market was valued at USD 9.1 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032.
 

The TRIAC market has a prominent growth rate owing to the high penetration of consumer electronics. TRIACs are used in a wide variety of devices, such as dimmers, home appliances, and LED lighting systems, for power control and dimming. With the rise of smart homes and an increasing number of IoT devices, the consumer electronics market is on a continual upswing, indicating that the market will expand simultaneously.

Further, in January 2024, Holtek unveiled its new OTP MCU HT45R5530, which has a novel LED dimmable function. One of the key specifications of this device is its PSR flyback power design architecture. It also possesses active power factor correction control technology, which enables the device to achieve power factor ratings above 0.9 while keeping harmonic distortion low.
 

All these aspects contribute to the fact that the device will be applicable in numerous areas, such as, but not limited to, dimmable TRIAC LED decorative lamps, plant growth lamps, farm lighting strip LEDs, TRIAC drivers, and other lighting products.
 

With global concerns over energy consumption and environmental impact, there is a strong push towards energy-efficient solutions in various sectors. Electronic TRIACs, which have proven to be effective in controlling and using AC power with minimal energy losses, are already becoming important in energy-saving devices and systems. This is especially the case in the lighting industry, where the current trend is to use TRIACs for dimming purposes to reduce power consumption and proactively extend the service life of LED lights.
 

TRIAC Market Trends

The increased integration of TRIACs within smart home systems and IoT devices is one of the significant trend supporting the growth of the market. The increasing adoption of smart home technologies, driven by user demand for convenience and energy efficiency, results in the incorporation of TRIACs in advanced lighting systems, climate control, and other home automation systems. IoT ecosystem is expected to further accelerate the demand for TRIACs, as they become a key component in the efficient operation of connected devices.
 

The global push towards energy efficiency is driving a significant shift in the lighting industry, where TRIACs play a crucial role. The shift from incandescent to energy-saving LED light bulbs has further increased the need for TRIACs due to their large-scale application in the dimming circuits of LEDs for power-saving purposes. Additionally, advancements in TRIAC technology have enabled better compatibility with low-power LEDs, addressing earlier issues related to flickering and performance. With governments worldwide introducing new and stricter rules on energy consumption, clients across diverse sectors have started to reconsider the wide use of TRIAC-controlled lights.
 

The electric vehicle (EV) sector is expanding, which is contributing to new opportunities for the growing use of TRIACs in automobile electronics. More and more electronic control units (ECUs) are incorporating TRIACs for additional functionalities such as lighting, climate control, power steering, etc. The trend towards electrification in the automotive industry, driven by environmental regulations and consumer demand for greener vehicles, is expected to boost the demand for TRIACs. In addition, the increasing adoption of autonomous vehicles will require more sophisticated electric power management, which will increase the application of TRIACs in automobile electronics.
 

TRIAC Market Analysis

The TRIACs are highly effective in low to medium-power applications. However, they still lack the ability to operate in high-power environments. They are incapable of overcoming high heat dissipation, which is a key to ensuring better performance, but to do this, cooling devices and protective circuits are required, which introduces additional complexity. These limitations reduce their potential uses in several industrial and commercial applications that require higher power ratings, ultimately limiting the growth of the market.
 

Based on voltage range, the TRIAC market is divided into low voltage TRIACs (up to 400V), medium voltage TRIACs (400V to 800V), high voltage TRIACs (above 800V). The high voltage TRIACs (above 800V) segment is expected to register a CAGR of 9.4% of the forecast period.
 

• TRIACs rated over 800V are categorized as high voltage TRIACs capable of controlling power in high voltage applications. They are particularly relevant in industrial machinery, electrical power systems, and in heavy appliances with high power ratings.
   
• Their robust construction and enhanced performance characteristics allow them to handle substantial electrical loads while maintaining stability and efficiency.
   
• These high-voltage TRIACs are also utilized in inverter circuits, industrial heaters, and other high power lighting systems with strict power control requirements. The growth in industrial automation and power management solutions drives the demand for these high voltage TRIACs.
   

Based on package type, the TRIAC market is divided into through-hole packages, surface mount packages. The through-hole packages segment is projected to account for USD 6.8 billion by 2032.
 

• A Through-Hole Package is a variation of TRIAC construction, where the leads are fixed in place through holes drilled in a PCB and soldered on the reverse side of the board. This type of package is well-known for its capability and durability, making it suitable for situations where the TRIAC is expected to endure and/or dissipate excess power.
   
• In older or more rugged electronic designs, through-hole configurations are more commonly used as they facilitate ease of assembly and repair. Although they occupy more space than surface mount packages, through-hole TRIACs are desirable in applications where strength and handling are of utmost importance.
   

U.S. dominated the North America TRIAC market in 2023, accounting for a share of 77.8%. in the U.S., strong demand for TRIACs is attributed to their applications in consumer electronics, industrial automation, and automobile electronics. The country's focus on energy efficiency and smart technologies, supported by government regulations and incentives, contributes to market growth. In addition, the increased prevalence of advanced control as well as regulating smart devices in modern households creates further necessity for TRIACs. Additionally, the U.S. industrial sector's ongoing push towards automation and energy-efficient solutions supports the demand for TRIACs in various applications.
 

The TRIAC market in China is propelled by industrialization, urbanization, and technological development. Along with the expansion of business in automotive electronics and industrial control, growth of consumer electronics markets supports the demand for TRIACs. China's focus on energy efficiency and the development of smart cities also supports the market. In addition, the government focus on renewable energy and advanced manufacturing technologies enables a wider range TRIACs application.
 

The major factors supporting the growth of TRIAC market in South Korea are emerging consumer electronics, automotive electronics and industrial control systems. The country's technological advancements and focus on energy-efficient solutions drive TRIAC adoption. Focus on smart homes and renewable energy infrastructure in South Korea also broadens the market. The positive outlook of the market in this South Korea is also attributed to government policies for the development of energy-saving technologies and innovation in electronic components.
 

TRIAC Market Share

Some of the key players in the market include ABB, Arrow Electronics, Bourns, Central Semiconductor, Diodes Incorporated, Fuji Electric, Hitachi Power Semiconductor Device, Infineon Technologies, IXYS Corporation, Littelfuse, Mitsubishi Electric, and Microchip Technology. Factors such as product performance and innovation to develop technologies that offer devices with high efficiency, performance, durability, and active power management capabilities are the USPs of these companies in the market.
 

Pricing competitiveness remains a challenge, particularly in high-volume markets like consumer electronics. The strength of a company’s distribution system and global presence is crucial to maximizing regional market opportunities. Furthermore, regulatory compliance, customization, and partnerships with OEMs are necessary to sustain active participation in the market and ensure customer retention.
 

TRIAC Market Companies

Major players operating in the TRIAC industry are:

• ABB Ltd.
• Arrow Electronics, Inc.
• Bourns, Inc.
• Central Semiconductor
• Diodes Incorporated
• Fuji Electric
• Hitachi Power Semiconductor Device
• Infineon Technologies
• IXYS Corporation
• Littelfuse
• Mitsubishi Electric
• Microchip Technology
   

TRIAC Industry News

• In June 2024, Egetis Therapeutics AB (publ) announced that the Triac Trial II for the investigational drug Emcitate (tiratricol) in the treatment of monocarboxylate transporter 8 (MCT8) deficiency, in young patients who were less than 30 months of age at the start of the trial, did not meet its co-primary endpoints. The co-primary endpoints were assessed by changes in the Gross Motor Function Measure (GMFM)-88 total score and the Bayley Scales for Infant and toddler Development (BSID)-III Gross Motor Skill domain, compared to natural history scores from Trial I.
   
• In April 2024, The PATFC offers precise phase control for driving triac power devices in various load applications. It is a versatile thick-film hybrid firing circuit designed for phase control, offering simple and efficient proportional control for driving triac power devices across various load applications.
   

This TRIAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) & (Volume Units) from 2021 to 2032, for the following segments:

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Market, By Type

• Sensitive gate TRIACs
• Standard TRIACs
• Alternistor TRIACs
• Snubberless TRIACs

Market, By Voltage Rating

• Low voltage TRIACs (up to 400V)
• Medium voltage TRIACs (400V to 800V)
• High voltage TRIACs (above 800V)

Market, By Package Type

• Through-hole packages
• Surface mount packages

Market, By Application

• Lighting controls
• Home appliances
• Power supply
• HVAC systems
• Others

Market, By End Use Industry

• Consumer electronics
• Industrial automation
• Automotive
  • Electric vehicles (EVs)
  • Hybrid vehicles
• Telecommunications
• Aerospace & defense
• Healthcare
• Energy & power
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa