Power Diode Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033

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The new report published by The Business Research Company, titled Power Diode Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the power diode market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The power diode market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.

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What Is Driving The Growth Of The Global Power Diode Market?

Rising Electric Vehicle Adoption Boosts Power Diode Market Growth
The rising adoption of electric vehicles (EVs) is expected to propel the growth of the power diode market going forward. The increasing adoption of electric vehicles (EVs) is driven by advancements in battery technology and growing environmental concerns, leading to higher efficiency and lower emissions. In electric vehicles, power diodes are used for rectification in the charging system and for managing power flow in inverters and converters. For instance, in April 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of 2023, a 25% increase from the same period in 2022. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the rising adoption of electric vehicles (EVs) is driving growth in the power diode market.

What Is The Key Trend In The Global Power Diode Market?

Advancements In Compact Surface-Mount Power Diodes Enhance Circuit Protection
Major companies operating in the power diode market are focusing on developing advanced compact surface-mount package solutions to enhance circuit protection. Compact surface mount package solutions refer to small, flat packages designed to be mounted directly onto the surface of a printed circuit board (PCB). For instance, in May 2023, Littelfuse Inc., a US-based industrial technology manufacturing company, launched the LTKAK2-L Series High Power TVS (transient voltage suppression) diodes, which feature a compact, surface-mount package compatible with automated PCB assembly processes. This smaller solution, in a modified SMTO-218 package, enables designers to achieve robust circuit protection while using less PCB space compared to available axial-leaded solutions. With a 2 kA surge current rating, these diodes ensure compliance with IEC-61000-4-5 Level 4 requirements, protecting numerous high-reliability AC and DC power supplies and their applications.

How Is The Global Power Diode Market Segmented?
The power diode market covered in this report is segmented -

1) By Type: Schottky Diodes, Zener Diodes, Rectifier Diodes, Punch-Through Diode, Other Types
2) By Application: Metals Melting And Electrolysis, Voltage Clamping, Drives, Input Rectifier For AC-Drives, Voltage Multiplying, Power Conversion
3) By End-Use Industry: Automotive, Consumer Electronics, Telecommunications, Energy And Power, Industrial, Aerospace And Defense

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How Is The Competitive Landscape Of The Global Power Diode Market?
Major companies operating in the power diode market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments, Kyocera Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices, Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology, Fuji Electric Co. Ltd., ROHM Co. Ltd., Sensata Technologies, Vishay Intertechnology Inc., Littelfuse, Hitachi ABB Power Grids, Nexperia BV, Diodes Incorporated, Microsemi, Semtech Corporation, MACOM, Semikron Danfoss, SanRex, Central Semiconductor Corp, Poseico S.p.A., SMC Diode Solutions LLC, SemiQ, Akela Laser Corporation

Contents Of The Global Power Diode Market
1. Executive Summary
2. Power Diode Market Report Structure
3. Power Diode Market Trends And Strategies
4. Power Diode Market - Macro Economic Scenario
5. Power Diode Market Size And Growth
…..
27. Power Diode Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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