The TRIAC Market is expected to grow from US$0.597 billion in 2025 to US$0.691 billion in 2030, at a CAGR of 2.94%.
TRIAC or triode for alternating current is a type of semiconductor device consisting of three terminals namely M1, M2, and Gate which allows current flow when triggered in either direction. Such a device is a power control system has high applicability in alternate current applications such as in electric motors of household appliances. TIRAC unlike its substitute such as Silicone Controlled Rectifier (SCR), uses a single fuse for protection, has four modes of operation, and can control positive as well negative alternate current signal output. With such high-performance benefits, the demand for TRIAC devices is projected to increase in the future, furthermore, the growing urban population is expected to take the market in new directions. For instance, according to the World Bank, in 2021, the global urban population held a 57% share of the overall percentage share of the global population, and as per the same source, by 2045 the number of urban residents will increase to 6 billion. Such an increase in urban population will accelerate the demand and consumption of household appliances such as refrigerators, electric fans, television, washing machine, and others, all of which has major applicability for TRIAC, thereby simultaneously increasing the market demand for such semiconductor device in the future.
Based on package type, the TRIAC market is segmented as pin type, disc type, and stud type. The pin type segment is expected to grow at a relatively higher rate during the forecast period of the TRIAC market. Pin type TRIAC is an integrated circuit unit consisting of three terminals namely MT1, MT2, and Gate and has high applicability in household appliances such as electric fans, heaters, and lamps as it provides good stability over power control and speed of the appliance. The demand for such TRAIC packages is expected to increase in the future owing to the bolstering growth in household appliance consumption, which will stimulate the segment growth as well as the overall market growth of the TRIAC market during the forecast period.
TRIAC or triode for alternating current has high voltage blocking capacity owing to which it provides effective power control over current flow and distribution. Such devices owing to their power control feature are used majorly in household appliances to control the speed of the motors. With rapid urbanization, improvement in living standards, and an increase in disposable income, the demand, and consumption of household appliances have increased over the years. Various international conglomerates witnessed a significant increase in the sales of their household appliances.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| TRIAC Market Size in 2025 | US$0.597 billion |
| TRIAC Market Size in 2030 | US$0.691 billion |
| Growth Rate | CAGR of 2.94% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the TRIAC Market | |
| Customization Scope | Free report customization with purchase |
Segmentation