Semiconductor Rectifiers Market size is Expected to Reach $7.72 Billion by 2027 | Registering a CAGR of 11.4%

Allied Market Research published a report on the Semiconductor Rectifiers Market by Product Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027. 

The global semiconductor rectifiers market size was valued at $3.22 billion in 2019, and is expected to reach $7.72 billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027.

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A rectifier is a two-lead semiconductor that enables current to pass in only one direction. It is an electrical component that converts alternating current (AC) to direct current (DC). It is used inside the power supplies of nearly all electronic equipment. Also, in power supplies, the semiconductor rectifier is normally placed in series following the transformer, a smoothing filter, and possibly a voltage regulator. It is typically used as a polarity guard for electronic circuits, which eliminates the hazards of an accidental reversal of supply voltage.

Surge in penetration of smart grids across the developing countries and rise in government spending on modern power distribution and generation infrastructure in developing nations are the major factors that drive the growth of the semiconductor rectifiers market. In addition, rise in number of telecommunication services and consumer electronic devices fuels the market growth. However, technical issues and high costs associated with semiconductor rectifiers may hinder the market growth to some extent.

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Global semiconductor rectifiers market has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which may lead to slowdown in the growth of the semiconductor rectifiers market in 2020.

However, the negative impact of COVID-19 on the semiconductor rectifiers industry is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate due to the extensive demand for installation of IoT devices across the numerous industries and rapidly growing initiatives for smart cities and smart grid technologies.

Competitive Analysis:
The semiconductor rectifiers market key players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the global semiconductor rectifiers industry include:
⦁ ABB
⦁ ASI Semiconductor
⦁ Infineon Technologies AG
⦁ Microchip Technology Inc.
⦁ Mitsubishi Electric Corp.
⦁ NXP Semiconductors
⦁ Renesas Electronics Corp.
⦁ STMicroelectronics NV
⦁ Texas Instruments Inc.
⦁ Toshiba Corp.

Report Overview:
https://www.alliedmarketresearch.com/semiconductor-rectifiers-market-A09452

Top Impacting Factors:
The factors such as surge in penetration of smart grids across the developing countries and rise in government spending on modern power distribution and generation infrastructure in developing nations drive the growth of the semiconductor rectifiers market. In addition, rise in number of telecommunication services and consumer electronic devices fuel the market growth.

Key Benefits for Stakeholders:
⦁ This study comprises analytical depiction of the global semiconductor rectifiers market size along with the current global semiconductor rectifiers market trend and future estimations to depict imminent investment pockets.
⦁ The overall semiconductor rectifiers market analysis is determined to understand the profitable trends to gain a stronger foothold.
⦁ The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
⦁ The semiconductor rectifiers market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
⦁ Porter's five forces analysis illustrates the potency of the buyers and suppliers in the market.

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