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Sep 19, 2023
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IMARC Group, a leading market research company, has recently releases report titled “Semiconductor Rectifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global semiconductor rectifier market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Semiconductor Rectifier Market?
The global semiconductor rectifier market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.73% during 2023-2028.
What is Semiconductor Rectifier?
A semiconductor rectifier is a two-lead device that converts alternating current (AC) to direct current (DC) and enables the current to pass in one direction. It comprises a transformer, cabinet, and stack and widely available in single-phase and three-phase variants. It is cost-effective, highly sensitive to radiation, consumes less power, and does not require warm-up time for operation as compared to traditional vacuum tubes. Besides this, it assists in isolating the signal from the source, rectifying the voltage, and maintaining the signal size and voltage reference. As a result, semiconductor rectifier is widely utilized in the automotive, electronics, and information technology (IT) and telecommunications industries across the globe.
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What are the growth prospects and trends in the semiconductor rectifier industry?
Presently, the increasing demand for semiconductor rectifiers in several automotive electronics represents one of the key factors impelling the growth of the market. Additionally, the rising utilization of semiconductor rectifiers as guards in the circuits to avoid accidental reversal of supply voltage in electronic components is bolstering the growth of the market.
Apart from this, the growing adoption of semiconductor rectifiers due to the increasing employment of smart grids is offering a positive market outlook. Moreover, the rising demand for environment friendly semiconductor rectifiers that are manufactured from biocompatible and biodegradable materials is offering lucrative growth opportunities to industry investors.
Furthermore, the increasing utilization of laptops, smartphones, and computers for high-frequency rectification and enhanced energy efficiency is strengthening the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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