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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Competitive Analysis:
The competitive environment of the semiconductor rectifiers market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, semiconductor rectifiers market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the major key players of the 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.
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.
Also, COVID-19 has derived the semiconductor companies to adopt decisive strategies to secure supply chains, protect employees, and address other pressing concerns. Although many governments are still imposing physical-distancing requirement; hence, the leading semiconductor rectifier companies such as ABB, Infineon Technologies AG, Mitsubishi Electric Corp., and Texas Instruments Inc. are adopting strategies for reimagining and reforming their business models.
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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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