Global Semiconductor Rectifier Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

The global semiconductor rectifier market is expected to record a positive CAGR of ~11% during the forecast period (2022-2028) and is expected to reach approximately US$ 10 billion by 2028.

The increasing demand for smart grids and the rising government expenses on modern power generation and distribution infrastructure are some of the primary factors that are expected to drive the semiconductor rectifier market. It is used in industries like IT and telecom, automotive, power and utility, and consumer electronics.

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Key Growth Drivers

Increased demand for rectifier diodes in various automotive and power sector applications and miniaturization of traditional electronic devices is expected to boost market growth.
Electronics have gained widespread use in the generation and regulation of power in the automotive industry. For instance, a new load-matching approach is launched in the automotive industry that makes use of a basic switched-mode rectifier to significantly enhance peak and average power production from a traditional Lundell alternator. The deployment of rectifiers has provided a new set of possibilities to power electronic components in vehicles and the overall power control and management system.
The continued trend of equipment miniaturization in the electronics industry has compelled the feature sizes of the electronic components to correspondingly decrease which is, in turn, increasing the demand for semiconductor rectifiers.
Technical difficulties and expensive semiconductor rectifiers limit market growth
Typically, rectifiers are employed in electrical components to correct voltages, alter the size of signals, isolate signals from the source, and reference voltages. Due to these characteristics, semiconductor rectifiers are used in the circuits of electronic parts to protect against the dangers posed by the unintentional reversal of supply voltage. As a result, if connected improperly or inappropriately, it could harm the equipment or present a safety risk. Numerous things, such as poor grounding, a weak or loose battery, or a worn-out connection to the battery, might lead to the rectifier failing.
For instance, replacing the regulator rectifier in an automobile after it fails could be expensive and time-consuming. However, a significant element acting as a barrier that may hinder market expansion is the high cost of acquiring semiconductor rectifiers. A bridge rectifier costs more since it needs four diodes to function.
The COVID-19 outbreak has had a substantial impact on the global market for semiconductor rectifiers. Due to the slowdown and shortage of workers worldwide, production facilities for electronics and semiconductors had been put on hold. Also, travel restrictions and facility closures coupled with the COVID-19 epidemic have significantly and persistently reduced manufacturing utilization, which impacted the growth of the Semiconductor Rectifiers Market in 2020.
However, by early 2021 the market had experienced a strong recovery rate as a result of the widespread demand for installing loT devices across a variety of industries and the quickly expanding initiatives for smart cities and smart grid technologies.

Key Trends by Market Segment

By Product Type: Three-phase product type segment held the largest market share in the Global Semiconductor Rectifier Market in 2021.

Three-phase rectifiers have an input of three-phase AV power. Structures require three/six diodes and are joined with the transformer's each phase of the secondary winding. Three-phase rectifiers are adopted in substitution of single-phase rectifiers for the reduction of ripple factor.
Three phases are recommended when comparing the two types of rectifiers because it has a high-power output and does not need an additional filter to lower the ripple factor. As a result, three-phase rectifiers have a higher transformer utilization factor and are more efficient than single-phase semiconductor rectifiers.

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By Industry Vertical: Automotive industry vertical segment held the largest share of the Global Semiconductor Rectifier Market in 2021.

The automotive industry is made up of several businesses that create, manufacture, and market automobiles. The automobile manufacturer powers all of the electronic components and supplies direct current to the batteries in its cars using semiconductor rectifiers.
Electric cars, electric scooters, and electronic charging stations are among the products that need DC power supplies due. The need for automobiles will also have an impact on the high-power semiconductor sector, whose goods, including full-wave rectifier diodes, are used to power the motor and other electrical components in automobiles.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Semiconductor Rectifier Market in 2021.

Over the past few years, consumer gadgets and cell phones have seen an increase 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. It is anticipated that a sizable percentage of the Global Semiconductor Rectifier Market will come from China, India, and Japan.

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Competitive Landscape

The global Semiconductor Rectifier Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players and regional players constitute ~50% in terms of the number of players, followed by regional players with ~35% of the constitution. Some of the major players in the market include ABB, Mitsubishi Electric Corp., Toshiba Corp., Semiconductor Components Industries, LLC, Diodes Incorporated, Vishay Intertechnology, Inc., Comchip Technology Co., Ltd., STMicroelectronics, Hitachi, Fuji Electric Co., Texas Instruments (Ti), and others.

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Recent Developments Related to Major and Emerging Companies

In January 2021, Toshiba has released CUHS15F60, CUHS15S60, CUHS20F60, and CUHS20S60, four 60 V Schottky barrier diode (SBD) products. These products are suitable for rectifying power supply lines that need to increase the voltage to extend their lineup. The balance between the forward voltage and reverse current is important for the CUHS15F60 and CUHS20F60 devices, which have less forward voltage. However, the ultra-low forward voltage models CUHS15S60 and CUHS20S60 place a strong emphasis on lowering the forward voltage.
In October 2020, SOMOS (a fabless semiconductor company) was purchased by STMicroelectronics. Through this acquisition, STMicroelectronics improved its expertise, intellectual property, and Front-End Modules roadmaps for the IoT and 5G industries. The development of ST's roadmap for RF Front-End Modules for the 5G infrastructure industry was aided by SOMOS technology and resources.
In June 2019, Vishay Intertechnology, Inc., launched eight 100 V and 200 V devices in the eSMP series SMP (DO-220AA) package for expanding its portfolio of FRED Pt Ultrafast recovery rectifiers. This includes the first device in the market to deliver current ratings of up to 2 A.

Conclusion

The Global Semiconductor Rectifier Market is forecasted to continue a gradual growth that is witnessed since 2017, during the forecast period also. Key trends driving market expansion include the increasing demand for smart grids and the rising government expenses on modern power generation and distribution infrastructure. The market is highly competitive with ~200 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Semiconductor Rectifier Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions' Semiconductor Rectifier Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product Type
Single Phase
Three Phase

By Industry Vertical
IT and Telecom
Automotive
Consumer Electronics
Power and Utility
Other

By Geography
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Indonesia
AustraliaRest of Asia Pacific
LAMEA
Latin America
Middle East
Africa

Key Players
ABB Group
Mitsubishi Electric Corp.
Toshiba Corp.
Semiconductor Components Industries, LLC
Diodes Incorporated
Vishay Intertechnology, Inc.
Comchip Technology Co., Ltd.
STMicroelectronics
Hitachi Ltd
Fuji Electric Co.
Texas Instruments (TI)

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This release was published on openPR.