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TRIAC Market Size

Report ID: GMI12191
Published Date: Nov 2024
Report Format: PDF

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TRIAC Market Size

The global TRIAC market size 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 (Triode for Alternating Current) market is seeing significant growth due to its widespread adoption in consumer electronics. Devices like dimmers, home appliances, and LED lighting systems increasingly rely on TRIACs for efficient power control. As the consumer electronics market continues to expand, driven by the proliferation of smart homes and IoT devices, the demand for TRIACs is expected to rise, fueling market growth.

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With global concerns over energy consumption and environmental impact, there is a strong push towards energy-efficient solutions in various sectors. TRIACs, known for their efficiency in controlling AC power with minimal energy loss, are becoming essential components in energy-saving devices and systems. This trend is particularly pronounced in the lighting industry, where TRIACs are used in dimming applications to reduce power consumption and extend the life of LED bulbs.

TRIAC Market Report Attributes
Report Attribute	Details
Base Year:	2023
TRIAC Market Size in 2023:	USD 9.1 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	8.2%
2024 – 2032 Value Projection:	USD 18.4 Billion
Historical Data for:	2021–2023
No. of Pages:	210
Tables, Charts & Figures:	800
Segments covered:	Type, Voltage Rating, Package Type, Application, End-use Industry
Growth Drivers:	Increasing adoption in consumer electronics Growing demand for energy-efficient solutions Rising adoption in automotive electronics Growth of the renewable energy sector
Pitfalls & Challenges:	Limitations in high-power applications Supply chain disruptions and material shortages

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Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market for TRIAC was reached USD 9.1 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, driven by its widespread adoption in consumer electronics.

The TRIAC market is expected to reach USD 18.4 billion by 2032, fueled by the expansion of the consumer electronics market and the proliferation of smart homes and IoT devices.

High voltage TRIACs (above 800V) are projected to grow at a CAGR of 9.4% up to 2032, led by their increasing application in high-power scenarios.

The through-hole packages segment is anticipated to surpass USD 6.8 billion by 2032, reflecting its continued preference in various applications.

The U.S. TRIAC market recorded a 77.8% share in 2023 and is expected to grow due to high demand in consumer electronics, industrial automation, and automotive electronics, supported by government regulations and incentives.

Key players in the TRIAC industry include ABB Ltd., Arrow Electronics, Inc., Bourns, Inc., Central Semiconductor, Diodes Incorporated, Fuji Electric, Hitachi Power Semiconductor Device, Infineon Technologies, IXYS Corporation, Littelfuse, Mitsubishi Electric, and Microchip Technology.