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2021

Semiconductor Rectifiers Market

Semiconductor Rectifiers Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027

SE : Semiconductors

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Author's: Shantanu Sachan | Sonia Mutreja
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Semiconductor Rectifiers Market Outlook – 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. 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. 

Semiconductor-Rectifier-Market

On the contrary, rise in demand for rectifier diode in various applications in the automotive and power sector is anticipated to provide lucrative opportunities for the semiconductor rectifiers market growth. In addition, the miniaturization of electronic components is expected to be opportunistic for growth of the semiconductor rectifiers market during the forecast period. 

The global semiconductor rectifiers market trends 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 market 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 pushed 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 rectifiers companies such as ABB, Infineon Technologies AG, Mitsubishi Electric Corp., and Texas Instruments Inc. are adopting strategies for reimagining and reforming their business models. 

For instance, ABB is working with customers to ensure the access to service engineers and field operators who cannot be on-site during the pandemic, by delivering control room livestreams, process data, operational insights, and plant key performance indicators to users sheltering at home.

Semiconductor Rectifiers Market
By Product Type
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Single Phase segment is projected to be the most lucrative segment

Segment Overview 

The global semiconductor rectifiers market is segmented on the basis of product type, industry vertical, and region. On the basis of product type, the semiconductor rectifiers market is bifurcated into single phase and three phase. Based on industry vertical, it is categorized into automotive, consumer electronics, power & utility, IT & telecom, and others. Region wise, the semiconductor rectifiers market share is categorized across North America, Europe, Asia-Pacific, and LAMEA.

Semiconductor Rectifiers Market
By Industry Vertical
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Automotive segment will dominate the market with a highest CAGR of 15.7% during 2020 - 2027

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. 

Semiconductor Rectifiers Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region will maintain the lead throughout the forecast period with a highest CAGR of 13.5%

However, technical issues and high costs associated with semiconductor rectifiers may hinder the market growth to some extent.  On the contrary, rise in demand for rectifier diode in various applications in the automotive and power sectors is anticipated to provide lucrative opportunities for the semiconductor rectifiers market growth. 

Surge in Penetration of Smart Grids across the Developing Countries 

Countries such as India, China, and Brazil are actively planning and developing smart grid technologies. These technologies support the creation of an increasingly flexible electricity grid, enabling the incorporation of variable renewable energy. In addition, it integrates information and communications technology at various stages of power generation, consumption, and delivery while improving reliability and service to end users. 

The penetration of smart grid technology in developing countries helps co-ordinate the needs and capabilities of all generators, end users, grid operators, and electricity market stakeholders to operate all parts of the system as efficiently as possible, minimizing costs & environmental impacts while maximizing system reliability, stability, and resilience. Semiconductor rectifiers are one of the key components required to ensure successful smart grid implementation. Hence, this factor drives the demand for semiconductor rectifiers. 

Rise in Demand For Rectifier Diode in Various Applications in the Automotive and Power Sectors 

In recent times, power electronics has witnessed huge applications in the automotive power generation and control. For instance, a new load-matching technique is introduced in the automotive that uses a simple switched-mode rectifier to achieve dramatic increase in peak and average power output from a conventional Lundell alternator, along with substantial improvements in efficiency. 

Power electronic components in vehicles, coupled with the overall power control and management system, introduces a new set of opportunities for the adoption of rectifier. In addition, the market is expected to witness lucrative opportunities in automotive electronics, including modern electric power steering, central body control, braking system, and seat control. 

The Miniaturization of Electronic Components 

Conventional electronics components are traditionally made of the bulk materials. However, the ongoing trend of miniaturization of equipment in electronics sector has forced the feature sizes of the electronic components to shrink accordingly. This is attributed to the fact that the smaller size of the electronic components reduces power consumption while also increasing the sensitivity (and sometimes performance) of the device. The semiconductor rectifiers are used inside the power supplies of almost all of the electronic equipment. Hence, the trend of miniaturization is expected to provide numerous opportunities for the compact size semiconductor rectifiers in miniaturized electronics equipment and component. 

Competitive Analysis

The key market players profiled in the report include ABB, ASI Semiconductor, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors, Renesas Electronics Corp., STMicroelectronics NV, Texas Instruments Inc., and Toshiba Corp. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the semiconductor rectifiers industry.

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.

Semiconductor Rectifiers Market Report Highlights

Aspects Details
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By Product Type
  • Single Phase
  • Three Phase
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By Industry Vertical
  • Automotive
  • Consumer Electronics
  • Power and Utility
  • IT and Telecom
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Infineon Technologies AG, Microchip Technology Inc., ABB, RENESAS ELECTRONICS CORPORATION, STMICROELECTRONICS N.V., Mitsubishi Electric Corporation, TEXAS INSTRUMENTS INCORPORATED, ASI Semiconductor, Inc., Toshiba Corporation, NXP Semiconductor

Analyst Review

The semiconductor rectifiers market is going through enormous transformation and growth. The demand for higher power efficiency is one of the key factors leading to the adoption of semiconductor rectifier. Also, the miniaturization of electronic components fuels the demand for semiconductor rectifiers market. The compact sized rectifier diodes are an important component in power supplies where they are used to convert AC voltage to DC voltage. In addition, surge in government investments on smart cities fuels the market growth. 

Moreover, increase in electrification trend across the automobile industry is also one of the major factors that influence the semiconductor rectifiers market growth during the forecast period. However, the semiconductor rectifiers market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of solutions & services, reliability, efficiency of the product, and support services. 

In addition, the semiconductor rectifier is witnessing numerous applications in DC power supplies, radio signal or detectors, and high voltage power transmission system. Also, various household appliances, such as television & video games system, laptops or notebook, require power rectifiers to create power. Moreover, proliferation of appliances such as television, mobile phones, and computer drives the demand for semiconductor rectifier, which helps convert high AC voltage to low DC voltage supply.

The key players that have major global semiconductor rectifiers market share include ABB, ASI Semiconductor, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors, Renesas Electronics Corp., STMicroelectronics NV, Texas Instruments Inc., and Toshiba Corp, which are profiled in this report. The global semiconductor rectifiers industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market growth. 
 

Author Name(s) : Shantanu Sachan | Sonia Mutreja
Frequently Asked Questions?

The Semiconductor Rectifiers Market is estimated to grow at a CAGR of 11.4% from 2020 to 2027.

The Semiconductor Rectifiers Market is projected to reach $7.72 billion by 2027.

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Surge in penetration of smart grids and rise in government spending on modern power distribution & generation infrastructure in developing nations drives the growth of Semiconductor Rectifiers Market.

The key players profiled in the report include ABB, ASI Semiconductor, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., and many more.

On the basis of top growing big corporations, we select top 10 players.

The Semiconductor Rectifiers Market is segmented on the basis of product type, industry vertical, and region.

The key growth strategies of Semiconductor Rectifiers market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

Automotive segment would exhibit the highest CAGR of 15.7% during the forecast period.

Asia-Pacific region will maintain the lead throughout 2020 - 2027 with a highest CAGR of 13.5%.

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Semiconductor Rectifiers Market

Global Opportunity Analysis and Industry Forecast, 2020-2027