Press release
Power Diode Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Power Diode Analysis
The market size for power diodes has witnessed robust expansion in recent years. There is an anticipated rise from $2.46 billion in 2024 to $2.61 billion in 2025, marking a compound annual growth rate (CAGR) of 5.8%. The historic period growth has been influenced by factors such as the emergence of automotive electronics, energy efficiency regulatory mandates, an upswing in renewable energy technologies, market liberalization in tandem with globalization, and progress in high-speed switching applications.
There's an anticipation of robust expansion in the power diode market size over the next several years. The market is projected to soar to $3.24 billion in 2029 with a 5.6% compound annual growth rate (CAGR). This predicted growth can be credited to many factors including global connectivity, market accessibility, technological breakthroughs in packaging and thermal control, the need for high-frequency switching, and the electrification of transportation infrastructure, as well as urban and infrastructure development. The forecast period will also see major trends like wide bandgap materials, 5G infrastructure, smart grid technology, improvements in efficiency, and automotive electronics.
What Are the Primary Growth Drivers for the Power Diode Market?
The surge in the use of electric vehicles (EVs) is predicted to spur the expansion of the power diode market in the future. The escalated uptake of EVs is stimulated by advancements in battery technology and burgeoning environmental apprehensions, culminating in increased efficiency and reduced emissions. Power diodes, in EVs, are employed for correction in the charging system and controlling power flow in inverters and converters. For instance, the Internal Energy Agency, an autonomous intergovernmental organization based in France, disclosed in April 2023 that more than 2.3 million electric cars were purchased in the initial quarter of 2023, marking a 25% growth from the same quarter in 2022. By 2023's end, sales are projected to touch 14 million, indicating a 35% annual growth, with the momentum picking up in the year's latter half. Hence, the mounting uptake of electric vehicles (EVs) is fueling the power diode market's progression.
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Who Are the Major Industry Players Fueling Power Diode Market Expansion?
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
Which Key Developments Are Influencing the Power Diode Market?
Leading firms in the power diode market are concentrating on the creation of innovative compact surface-mount package solutions to bolster protection in circuits. These compact surface-mount packages are small, flattened packages meant to be affixed directly to a printed circuit board (PCB). For example, in May 2023, Littelfuse Inc., an industrial technology manufacturing enterprise based in the United States, introduced the LTKAK2-L Series High Power TVS (Transient Voltage Suppression) diodes. These diodes feature a compact, surface-mount package that is compatible with automated PCB assembly processes. This diminished solution, within a customized SMTO-218 package, permits designers to provide robust circuit protection that consumes less PCB space than the existing axial-leaded solutions. With a surge current rating of 2 kA, these diodes meet the IEC-61000-4-5 Level 4 requirements, safeguarding a variety of high-reliability AC and DC power supplies and their subsequent uses.
How Is the Segmentation of the Power Diode Market Defined?
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
Subsegments:
1) By Schottky Diodes: Low-Voltage Schottky Diodes, High-Voltage Schottky Diodes, Schottky Barrier Diodes (SBD)
2) By Zener Diodes: Standard Zener Diodes, Avalanche Zener Diodes, Precision Zener Diodes
3) By Rectifier Diodes: Single-Phase Rectifier Diodes, Three-Phase Rectifier Diodes, Fast Recovery Rectifier Diodes
4) By Punch-Through Diode: Standard Punch-Through Diodes, High-Power Punch-Through Diodes, High-Speed Punch-Through Diodes
5) By Other Types: Light Emitting Diodes (LED), Laser Diodes, Varactor Diodes, Shockley Diodes
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What Is the Leading Region in the Power Diode Market?
Asia-Pacific was the largest region in the power diode market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the power diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Power Diode Global Market Report?
- Market Size Analysis: Analyze the Power Diode Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Power Diode Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Power Diode Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Power Diode Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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