PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515447
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515447
Semiconductor Rectifier Market size was valued at USD 5,142.2 Million in 2023, expanding at a CAGR of 6.50% from 2024 to 2032.
A two-lead device called a semiconductor rectifier allows current to flow in a single direction by converting alternating current (AC) to direct current (DC). It comes in two or three-phase versions and is typically composed of a transformer, cabinet, and stack. It is frequently used to isolate signals from the source, correct voltage, regulate signal size, and provide voltage reference in electronic equipment power supply systems. Semiconductor rectifiers are less expensive, more energy-efficient, highly radiation-sensitive, and require shorter warm-up time for operation than the vacuum tubes that are used in classic vacuum tubes. They are, therefore, widely used in many different industries, including telecommunications, consumer electronics, electricity, automotive, and information technology (IT).
Semiconductor Rectifier Market- Market Dynamics
Growing Uptake of Smart Grids to Propel Market Growth
A number of countries, such as China, Brazil, and India, are making considerable progress in the design and development of smart grid technologies. By making the power grid more adaptable, these technologies enable the integration of different types of renewable energy. Furthermore, integrating information and communications technology at all stages of the power generation, consumption, and delivery processes enhances the degree of service reliability and quality offered to end users. The deployment of smart grid technology in developing nations facilitates the balancing of the requirements and capacities of generators, end users, grid operators, and other electricity market participants in order to operate every aspect of the system as economically and environmentally as possible while optimizing system resilience, stability, and dependability. Semiconductor rectifiers are one of the key elements required to guarantee the successful implementation of smart grid technology. This factor is driving the need for semiconductor rectifiers.
Semiconductor Rectifier Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.50% over the forecast period (2024-2032)
Based on product type segmentation, the three-phase category was predicted to show maximum market share in the year 2023
Based on industry vertical segmentation, the automotive category was the leading type in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Semiconductor Rectifier Market is segmented on the basis of Product Type, Industry Vertical, and Region.
The market is divided into two categories based on product type: Single Phase and Three Phase. The three-phase category dominates the market. The distinction between single-phase and three-phase rectifiers is that the former are connected to a single three-phase generator, while the latter are combined to convert A.C. input to D.C. output. It increases efficiency by encouraging electrical balance among the power loads. Demand has increased significantly over the last few years due to shifts in the automotive, solar, and industrial sectors. The market will experience a rise in demand for rectifier products such as charging stations, transformers, and other items due to new technology like Tesla's electric cars.
The market is divided into the following categories based on industry vertical: Automotive, Consumer Electronics, Power and Utility, IT and Telecom, and Others. The automotive category dominates the market and is likely to maintain its dominance during the forecast period. The automotive industry is made up of many different businesses that design, manufacture, and market automobiles. The automaker provides direct current to power all electronic components and charge the batteries in its cars through the use of semiconductor rectifiers. D.C. power supply is necessary for products like electronic scooters, electronic cars, and electronic charging stations due to the automotive industry's ongoing developments. The high-power semiconductor business, whose goods such as full-wave rectifier diodes are needed to power the motor and other electrical components in cars, will also be impacted by the growing demand for automobiles.
Semiconductor Rectifier Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Over the course of the forecast period, Asia Pacific is anticipated to hold the greatest share of the global market for semiconductor rectifiers. One of the largest markets for semiconductor rectifiers worldwide is the Asia-Pacific area. Over the past several years, there has been a surge in demand and manufacturing for consumer electronics, including cell phones, in Asia-Pacific. Additionally, it is projected that growing power production and consumption in the Asia-Pacific region, along with developing smart grid technologies, would create market potential. It is anticipated that a sizable share of the global semiconductor rectifier market will come from China, India, and Japan.
In addition, the semiconductor rectifier market is anticipated to expand at the fastest rate in the world during the projected period in North America. The semiconductor industry in this area is continually evolving. Expenditures on semiconductor rectifiers are still rising quickly in the United States and Canada. Leaders in the industry, like Texas Instruments Inc. and Microchip Technology Inc. are based in this region, which promotes significant investment in electronics and semiconductors. The growth of new technologies and the region's relative dominance due to several important firms are the main factors propelling the semiconductor rectifier market in North America.
Among the leading companies with a significant portion of the worldwide market for semiconductor rectifiers are Mitsubishi Electric Corp., ABB, ASI Semiconductor, Infineon Technologies AG, Microchip Technology Inc., and others. To impact the growth of the market, the major players in the worldwide semiconductor rectifier industry use a variety of methods, including product development, partnerships, launches, and agreements.
January 2022: Introducing the HBS502-HF Thru. HBS510-HF rectifier is Comchip Technology Co. Ltd. Surface mount bridges, glass passivated chip junctions, small packaging, high forward current capability up to 5A, and high surge current capability are some of its characteristics. They are also perfect for printed circuit boards.
January 2021: Toshiba unveiled the CUHS15F60, CUHS20F60, CUHS15S60, and CUHS20S60, four 60 V Schottky barrier diode (SBD) products. These items are suitable for rectifying power supply lines that require higher voltage in order to broaden their product line. Less forward voltage products, CUHS15F60 and CUHS20F60, are crucial for maintaining the proper balance between forward and reverse currents. Nonetheless, the ultra-low forward voltage products CUHS15S60 and CUHS20S60 are crucial in lowering the forward voltage.
GLOBAL SEMICONDUCTOR RECTIFIER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
STMICROELECTRONICS N.V.
ASI Semiconductor, Inc.
Toshiba Corporation
ABB
Infineon Technologies AG
TEXAS INSTRUMENTS INCORPORATED
NXP Semiconductor
Microchip Technology Inc
RENESAS ELECTRONICS CORPORATION
Mitsubishi Electric Corporation
Others