The Global Semiconductor Rectifiers Market size is expected to reach $6.6 billion by 2026, rising at a market growth of 13.6% CAGR during the forecast period. The rectifiers are two-lead semiconductor that allows the current to move only in a single direction. They are primarily utilized in electrical components for rectifying a voltage, regulating the size of the signal, separates signals from the supply, and for voltage reference. This property of a rectifier helps in its usage as the guards in the circuits of the electronic components for restricting the risk of an accidental reversal of supply voltage. These rectifiers are also found its usage in electrical components across all the industry sectors.
The global market for rectifiers is estimated to witness significant growth over the forecast period. The growth is credited to industrial automation, rising demand for consumer electronic items & smartphones, and the technological advancement in cars. Asia-Pacific will hold a substantial revenue share in the rectifiers market because of the rising demand and production of consumer electronics and smartphones owing to the increasing disposable income of the people in the region.
The rising penetration of the smart grids in the emerging countries and the increasing government expenses on modern power distribution and generation infrastructure in those countries are some of the primary factors that will drive the rectifier market. Additionally, the increasing number of telecommunication services and consumer electronics boosts the growth of the market. Although, the technical issues and huge costs involved in semiconductor rectifiers will restrict the growth of the market. On the other hand, the increasing demand for semiconductor rectifier diodes in different applications in the automobile and power industry is expected to propel the growth of the rectifier market. Additionally, the miniaturization of electrical components helps the rectifier market to grow at a significant rate during the forecast period.
Based on Product Type, the market is segmented into Single Phase and Three Phase. Based on product type, the single-phase segment obtained the highest revenue in 2019. The single-phase rectifiers help in converting AC voltage & current to DC voltage which is required for powering devices and digital electronic devices. AC is the standard mains power supplied to commercial places and households. But, the majority of digital electronics are developed to operate on DC power. These rectifiers are used to convert AC electricity to a compatible DC supply.
Based on Industry Vertical, the market is segmented into Consumer Electronics, Automotive, Power & Utility, Telecom & IT and Others. On the basis of industry vertical, the category of consumer electronics acquired the maximum revenue share in 2019. This segment is the major user of the semiconductor rectifiers in consumer electronic devices like computers, laptops, smartphones, and other systems to enhance the energy efficiency and for high frequency rectification. The semiconductor rectifiers market is witnessing tremendous growth due to the increasing demand for consumer electronic gadgets across different countries of the globe.
Based on End User, the market is segmented into IT & Telecom, Government, BFSI, Healthcare and Others. The government segment is likely to show the prominent CAGR over the forecast period. The growth can be credited to the increasing need for introducing efficient public services. Government agencies are broadly adopting predictive dialer systems to offer quality services to the public. A lot of companies are offering numerous automated, user-friendly, and communications solutions for local, state, and federal government organizations and agencies.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 3.2 Billion |
| Market size forecast in 2026 | USD 6.6 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 13.6% from 2020 to 2026 |
| Number of Pages | 182 |
| Number of Tables | 272 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Industry Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Semiconductor Rectifiers Market to reach a market size of $6.6 Billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2019, Asia-Pacific garnered the largest share of the semiconductor rectifiers market. This region provides many great opportunities to the market players over the forecast years. The semiconductor rectifiers market is influenced by the rising focus on high-speed network connectivity in the Asia-Pacific region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, Mitsubishi Electric Corporation, Microchip Technology, Inc., Renesas Electronics Corporation, Rohm Semiconductors Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation, Vishay Intertechnology, Inc., The Toro Company, Campbell Scientific, Inc., and Manx Technology Group.
By Product Type
By Industry Vertical
By Geography
The global semiconductor rectifiers market size is expected to reach $6.6 billion by 2026.
There are several reason that cause high demand of this market one of them is increasing demand for rectifier diode in diverse applications in the automotive and power industry.
Infineon Technologies AG, Mitsubishi Electric Corporation, Microchip Technology, Inc., Renesas Electronics Corporation, Rohm Semiconductors Co., Ltd., STMicroelectronics N.V., Texas Instruments, Inc., Toshiba Corporation, Vishay Intertechnology, Inc., The Toro Company, Campbell Scientific, Inc., and Manx Technology Group.
The Asia Pacific market dominated the Global Semiconductor Rectifiers Market by Region 2019, growing at a CAGR of 13.7 % during the forecast period.
The Single Phase market dominated the Global Semiconductor Rectifiers Market by Product Type 2019.
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