Rectifiers Market Will Grow at CAGR of 10.94% By 2032

The global rectifiers market is anticipated to grow at a compound annual growth rate (CAGR) of 10.94% throughout the projection period from 2023 to 2032.

Rectifiers Market Size and Growth Rate From 2023 To 2032

A two-lead semiconductor called a rectifier allows electricity to only flow in one way. It is a semiconductor diode which is used for rectification as well as power regulation. It conducts current preferentially in single direction and inhibits current flow by mimicking the properties of a junction created from two semiconductor materials that have been inversely doped. These are important parts for power supply applications that change the voltage of AC power to DC. In electrical components, it controls the magnitude of the signal, isolates signals from the power source, rectifies a voltage, and acts as a reference for voltage. These characteristics make it to be primarily used as guards in electronic component circuits to reduce the possibility of inadvertent supply voltage reversal.

The semiconductor rectifier industry is going through considerable expansion and change. The need for higher power efficiency is also one of the main factors for semiconductor rectifiers' widespread adoption. The decrease in electronic components also increases the demand for semiconductor rectifiers. Rectifier diodes, which are tiny and transform AC electricity to DC voltage, are essential components of the power supply. Additionally, a rise in government expenditure on smart cities promotes economic expansion. Additionally, one of the major factors influencing the growth of the semiconductor rectifier market over the course of the projected period is the growing trend toward electrification in the automotive industry.

Report Highlights:

  • The three-phase, which dominates the global semiconductor market by type, is anticipated to expand at a CAGR of 12.4% over the course of the projected year.
  • The automotive category has the largest market share across industry verticals and is anticipated to expand at a CAGR of 15.7% over the course of the forecast period.
  • Asia-Pacific currently accounts for the largest share of the global market for semiconductor rectifiers and is predicted to expand at a CAGR of 13.5% over the forecast period.
  • The rising deployment of smart grids in various regions of the world is one of the primary factors driving the market's growth. Electronic components are commonly protected in circuits by semiconductor rectifiers to avoid unintended supply voltage reversal.

Regional Snapshots:

The region that contributes the most to the worldwide semiconductor rectifier market, Asia-Pacific, is predicted to expand at a CAGR of 13.5% over the projected period. One of the largest markets for semiconductor rectifiers in the world is in the Asia-Pacific area. Over the past several years, consumer gadgets and cellphones have seen a surge in demand throughout Asia-Pacific. Additionally, market possibilities are predicted to be provided by growing smart grid technologies and rising power production and consumption in developing Asia-Pacific countries. Across the Asia Pacific area, several governments are developing a number of legislation to encourage the usage of electric cars, which is creating a favorable market environment for the expansion of the researched market. The latest commercial vehicles, such as lorries, utilize diesel fuel, which the Chinese government has started to phase out. The nation wants to do rid of all gasoline and diesel cars by 2040.

The countries of the United States, Canada, and Mexico make up North America. This region's semiconductor industry is seeing rapid change. The cost of semiconductor rectifiers is still rising quickly in the US and Canada. Market giants such Texas Instruments Inc. and Microchip Technology Inc. are located in this region, which promotes significant expenditure on semiconductors and electronics. The increase in the creation of new technologies and the region's relative larger dominance owing to a large number of vital organizations are the main factors propelling the expansion of the semiconductor rectifier market in North America.

Rectifiers Market Report Scope:

Report Coverage Details
Growth Rate from 2023 To 2032 CAGR of 10.94%
Fastest Growing Market Asia Pacific
Base Year 2022
Forecast Period 2023 To 2032
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Market Dynamics:

Drivers:

Semiconductor rectifiers are becoming more necessary as the industrial sector digitizes and the number of communications services and consumer electronics devices rises. Another factor supporting the growth of the market for semiconductor rectifiers is the trend toward electrification's increasing prominence in the automotive sector. One of the main forces behind the market's rise is this tendency. Additionally, a huge increase in the need for smartphones and cars with cutting-edge technological features has been observed all across the world.

Restraints:

In electrical components, rectifiers are often used to reference voltage, change the size of the signal, separate the signal from the source, and correct a voltage. These characteristics allow semiconductor rectifiers to be used in electronic component circuits to mitigate the dangers of unintentional supply voltage reversal. As a result, if connected incorrectly or inappropriately, it may cause damage to the machinery or pose a safety hazard. The rectifier might malfunction for a variety of reasons, including a weak or loose battery, inadequate grounding, or a worn-out connection to a battery. For instance, it could be costly and time-consuming to replace the regulator rectifier in a car when it malfunctions. The high cost of purchasing semiconductor rectifiers, however, is a significant factor serving as a barrier that may impede market expansion. A bridge rectifier, for instance, is more expensive since it requires four diodes to operate.

Opportunities:

There are tremendous opportunities due to the growing demand for rectifier diodes in various automotive as well as power sector applications.

There are tremendous opportunities due to the growing demand for rectifier diodes in a variety of automotive and power sector applications. The use of power electronics in car power generation and in control has multiplied in recent years. For instance, a new load-matching technique has been deployed in the car sector. By using a simple switched-mode rectifier, this method greatly raises the peak and average power output of a conventional Lundell alternator while also improving efficiency. With the addition of power electronic components and the whole power control as well as a management system, new applications for rectifiers are made possible. In addition, promising prospects are projected to emerge in the field of automotive electronics. Future developments in this sector include central body control, seat control, modern electric power steering, and braking systems.

Challenge:

Rectifiers are often used in electrical components to reference voltages, rectify voltages, change the size of signals, and isolate signals from their sources. In order to guard against the risks caused by the unintended reversal of supply voltage, semiconductor rectifiers are utilized in the circuits of electronic devices. As a result, if connected incorrectly or inappropriately, it might cause damage to the machinery or pose a safety hazard. The rectifier might malfunction for a number of reasons, including inadequate grounding, a weak or loose battery, or a worn-out connection to the battery.

Recent Developments:

  • In January 2022, Comchip Technology Co. Ltd. released the HBS502-HF through HBS510-HF rectifier. The characteristics include a surface mount bridge, compact packaging, a chip junction with glass passivation, a high forward current capability of up to 5A, and a high surge current capability.
  • A rectifier transformer was provided in December 2021 by Guangxi Liuzhou Special Transformer Company Limited as part of an integrated rectifier solution for an Italian graphite electrode project. A rectifier cabinet, high-voltage cabinet, high-current rectifier transformer with a big capacity, and other parts were incorporated in the integrated rectification system. This was the first graphite electrode project that Liutechang finished that was located outside China.

Major Key Players:

  • ON Semiconductor
  • Vishay Intertechnology, Inc.
  • Infineon Technologies AG
  • STMicroelectronics
  • Fuses Unlimited Inc.
  • Toshiba Corporation
  • Diodes Incorporated
  • NXP Semiconductors
  • Renesas Electronics Corporation
  • Mitsubishi Electric Corporation 

Market Segmentation:

By Product

  • Power & Utility
  • Automotive
  • IT/Telecom
  • Consumer Electronics
  • Others 

By Type

  • Single Phase Rectifier
  • Three Phase Rectifier

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