PUBLISHER: The Business Research Company | PRODUCT CODE: 1582571
PUBLISHER: The Business Research Company | PRODUCT CODE: 1582571
A power diode is a semiconductor device designed to convert alternating current (AC) to direct current (DC) and handle high voltage and current levels, commonly used in power rectification and protection circuits. It typically features a low forward voltage drop and high surge current capability.
The main types of power diodes include Schottky diodes, Zener diodes, rectifier diodes, punch-through diodes, and others. Schottky diodes are known for their low forward voltage drop and fast switching speeds, achieved through a metal-semiconductor junction. They are used in applications such as metal melting and electrolysis, voltage clamping, drives, input rectifiers for AC drives, voltage multiplying, and power conversion. End users of power diodes span automotive, consumer electronics, telecommunications, energy and power, industrial, aerospace, and defense sectors.
The power diode market research report is one of a series of new reports from The Business Research Company that provides power diode market statistics, including the power diode industry's global market size, regional shares, competitors with a power diode market share, detailed power diode market segments, market trends and opportunities, and any further data you may need to thrive in the power diode industry. This power diode market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The power diode market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the emergence of automotive electronics, regulatory requirements for energy efficiency, the rise of renewable energy technologies, globalization and market liberalization, and advancements in high-speed switching applications.
The power diode market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global connectivity and market access, technological innovations in packaging and thermal management, increasing demand for high-frequency switching, electrification of transport infrastructure, and urbanization and infrastructure development. Major trends expected during this period include the use of wide bandgap materials, advancements in 5G infrastructure, smart grid technologies, improvements in efficiency, and growth in automotive electronics.
The increasing adoption of electric vehicles (EVs) is expected to boost the growth of the power diode market. The surge in EV adoption is driven by advancements in battery technology and rising environmental concerns, leading to improved efficiency and reduced emissions. Power diodes in electric vehicles are essential for rectification in the charging system and for managing power flow in inverters and converters. For example, the International Energy Agency reported in April 2023 that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. By the end of 2023, sales are anticipated to reach 14 million, reflecting a 35% year-on-year increase, with growth expected to accelerate in the latter half of the year. This rising adoption of electric vehicles is driving the demand for power diodes.
Leading companies in the power diode market are focusing on developing advanced compact surface-mount package solutions to improve circuit protection. Compact surface-mount package solutions are small, flat packages designed for direct mounting onto a printed circuit board (PCB). For instance, Littelfuse Inc., a US-based industrial technology manufacturer, introduced the LTKAK2-L Series High Power TVS (transient voltage suppression) diodes in May 2023. These diodes come in a compact, surface-mount package compatible with automated PCB assembly processes. The modified SMTO-218 package allows designers to achieve effective circuit protection while using less PCB space compared to traditional axial-leaded solutions. With a 2 kA surge current rating, these diodes meet IEC-61000-4-5 Level 4 requirements, offering protection for high-reliability AC and DC power supplies and their applications.
In March 2024, Vishay Intertechnology Inc., a US-based manufacturer of discrete semiconductors and passive electronic components, acquired Nexperia's wafer fabrication facility and operations for $177 million. This acquisition accelerates Vishay's involvement in the SiC MOSFETs and diodes market, following its acquisition of MaxPower in late 2022, which enhanced its SiC IP and technology. Nexperia, based in the Netherlands, is a semiconductor manufacturing company specializing in schottky diodes and rectifiers.
Major companies operating in the power diode market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments, Kyocera Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices, Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology, Fuji Electric Co. Ltd., ROHM Co. Ltd., Sensata Technologies, Vishay Intertechnology Inc., Littelfuse, Hitachi ABB Power Grids, Nexperia BV, Diodes Incorporated, Microsemi, Semtech Corporation, MACOM, Semikron Danfoss, SanRex, Central Semiconductor Corp, Poseico S.p.A., SMC Diode Solutions LLC, SemiQ, Akela Laser Corporation
Asia-Pacific was the largest region in the power diode market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the power diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the power diode market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power diode market consists of sales of ultrafast diodes, soft recovery diodes, avalanche diodes, and shockley diodes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Power Diode Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on power diode market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for power diode ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The power diode market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.