Press release
Global Fast Rectifier Market Study Highlights Major Dynamics, Growth Factors and Application Scenario for the Period 2018-2026
In the initial section, the report presents a detailed market overview of fast rectifiers. Fast Rectifiers are widely utilized in several consumer electronic devices such as laptops, personal desktops, and data communication systems to improve energy efficiency and for high-frequency rectification. It has been identified that global fast rectifier market is observing rapid growth owing to the increasing number of consumer electronic devices in various countries of the world. Geographically, the research study broadly categorizes the global fast rectifier market into North America, Europe, Latin America, Asia Pacific and the Middle East and Africa (MEA).
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Key factors Prompting Market Growth
Growing adoption of fast rectifiers in strobe applications that require high surge resistance is one of the prime factors which is driving the growth of the global market. Considering various facets of the market, analysts find that the global fast rectifier market is projected to exhibit a CAGR of US$ 4.9% from 2018 to 2026. In addition, the market is expected to touch roughly US$ 2,719 Mn by the end of 2026 rising from a valuation of over US$ 1,792 Mn in 2017.
It has been further analyzed in the study that telecommunication services are triggering the demand for fast rectifiers owing to digitalization in the industrial sector, and additionally, the rising electrification trend in automobiles are some of the prime factors which are fueling the growth of the global fast rectifier market. On the basis of region, the report finds that growing electrification in vehicles, such as hybrid and electric vehicles, is revitalizing the market for fast rectifiers in various regions such as North America, Europe, and Asia Pacific.
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The market has been further categorized on the basis of forward voltage into 0V - 1.0V, >1.0V - 1.5V and >1.5V. On the basis of application, the analysts reveal that automotive industry will give a hard competition to the consumer electronics industry in terms of the adoption of fast rectifiers.
At last, a vital section covering competitive landscape has been featured in the research study which covers profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies. Key players active in the global fast rectifier market include Infineon Technologies AG, Microsemi Corporation, Sanken Electric Co., Ltd., ON Semiconductor Corporation, ABB, STMicroelectronics, Maxim Integrated, Diodes Incorporated, Vishay Intertechnology and ROHM Semiconductor.
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