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TRIAC Market Trends

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

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TRIAC Market Trends

A significant trend in the TRIAC industry is the increasing integration of these devices in smart home and IoT (Internet of Things) systems. As the adoption of smart home technologies continues to rise, driven by consumer demand for convenience and energy efficiency, TRIACs are being used extensively in smart lighting, climate control, and home automation systems. These devices enable precise control over AC power in these systems, facilitating features like remote dimming, automated heating and cooling, and energy management. The growth of the 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 transition from traditional incandescent bulbs to energy-saving LEDs has created a strong demand for TRIACs, which are commonly used in dimming circuits to control LED brightness and reduce power consumption. Additionally, advancements in TRIAC technology have enabled better compatibility with low-power LEDs, addressing earlier issues related to flickering and performance. As governments and organizations continue to implement stricter energy efficiency standards, the market for TRIAC-based lighting solutions is expected to grow, particularly in residential and commercial sectors.

The rapid growth of the electric vehicle (EV) market is creating new opportunities for TRIACs in automotive electronics. TRIACs are increasingly being used in vehicle electronic control units (ECUs) for managing various functions, including lighting, power steering, and climate control. 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. Additionally, the rise of autonomous driving technologies, which require advanced power management systems, is likely to further expand the application of TRIACs in automotive electronics.

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.