According to the latest report by IMARC Group, titled “Global Semiconductor Rectifier Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global semiconductor rectifier market reached a value of US$ 4.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.34 Billion by 2027 exhibiting a CAGR of 7.00% during 2022-2027.
A semiconductor rectifier is a two-lead device that converts alternating current (AC) to direct current (DC) and inhibits current flow in one direction. It is also used to perform isolation, switching, signal processing, level shifting, biasing, and conversion functions. Semiconductor rectifiers do not require warm-up time for operation, are cost-effective, and consume lesser power. As a result, they find extensive applications across automotive, consumer electronics, power, information technology (IT), and telecommunication industries.
Semiconductor Rectifier Market Trends and Drivers:
The market is primarily driven by the increasing deployment of smart grids across the globe. In addition, the rising product utilization in consumer electronics, such as laptops, smartphones, and computers, for high-frequency rectification and enhanced energy efficiency represents another major growth-inducing factor.
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Besides this, several manufacturers are introducing environment-friendly semiconductor rectifiers that are manufactured using biocompatible and biodegradable materials. This, coupled with the rising product utilization in automotive electronics, such as central body control, modern electric power steering, braking system, and seat control, is contributing to the market growth.
Moreover, the growing miniaturization of electronic components and the implementation of various government initiatives to support modern power distribution are anticipated to propel the market growth further.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Semiconductor Rectifier Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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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:
- Consumer Electronics
- Power and Utility
- IT and Telecom
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 (2016-2021)
- Market Outlook (2022- 2027)
- 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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