Semiconductor Rectifier Market Size, Industry Share, Demand 2028
The latest research study “Semiconductor Rectifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global semiconductor rectifier market size reached US$ 4.4 Billion in 2022. Looking forward, the market expected to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.73% during 2023-2028.
A semiconductor rectifier is a two-lead device that transforms alternating current (AC) to direct current (DC) while allowing it to pass in one direction. It consists of a cabinet, transformer, and stack and is commonly available in single-phase and three-phase variants. It is widely used in the power supply systems of electronic equipment for rectifying the voltage, isolating signals from the source, and controlling the signal size and voltage reference. In addition, semiconductor rectifiers provide several benefits as they do not require warm-up time for operation, are cost-effective, highly sensitive to radiation, and consume lesser power than traditionally used vacuum tubes. As a result, they are widely adopted in consumer electronics, power, automotive, telecommunications, and information technology (IT) industries.
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Semiconductor Rectifier Market Trends and Drivers:
The market is primarily driven by the escalating demand for rectifiers for several applications in the automotive sector, such as modern electric power steering, braking system, seat control, and central body control. In addition, the expanding public sector and increasing investments in modern power generation and distribution infrastructure are contributing to the market growth.
Moreover, the widespread product utilization in consumer electronics, such as smartphones, computers, and laptops, for high-frequency rectification and enhanced energy efficiency represents another major growth-inducing factor. Besides this, various product innovations, including the development of environmentally friendly semiconductor rectifiers, which are produced using biocompatible and biodegradable materials, are providing a thrust to the market growth.
Furthermore, the increasing miniaturization of electronic components and the implementation of several government policies are also creating a positive market outlook.
Global Semiconductor Rectifier Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Semiconductor Rectifier Companies:
ABB Ltd., ASI Semiconductor Inc., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors N.V., Renesas Electronics Corporation, STMicroelectronics, Texas Instruments Incorporated and Toshiba Corporation.
The report has segmented the market on the basis of region, product, type and end use industry.
Breakup by Product:
· Single Phase
· Three Phase
Breakup by Type:
· Low Current Rectifier
· Medium Current Rectifier
· High Current Rectifier
Breakup by End Use Industry:
· Automotive
· Consumer Electronics
· Power and Utility
· IT and Telecom
· Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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