The Global Rectifiers Market is driven by growing demand for power electronics
The Global Rectifiers Market comprises semiconductor devices that enable the flow of current in only one direction by conducting current easily in one direction and restricting the flow in the opposite direction. Rectifiers have applications in power supplies where they enable the conversion of alternating current into pulsating direct current or smooth direct current. They are used in electronic circuits where either alternating or direct current needs to be controlled in some way such as absolute value, filtering, detection of zero crossings, and conversion of one to the other. Rectification reduces energy loss and increases the efficiency of circuits, helping minimize energy wastage.
The Global Rectifiers Market is estimated to be valued at US$ 10.88 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Rectifiers Market are ON Semiconductor, Vishay Intertechnology, Inc., Infineon Technologies AG, STMicroelectronics, Fuses Unlimited Inc., Toshiba Corporation, Diodes Incorporated, NXP Semiconductors, Renesas Electronics Corporation, and Mitsubishi Electric Corporation.
The growing demand for power electronic devices across industries such as consumer electronics, automotive, industrial, and telecom is driving the need for rectifiers. With rapid urbanization and the increasing penetration of electronic devices, rectifier manufacturers are witnessing significant growth opportunities.
Geographically, the Asia Pacific region dominates the Global Rectifiers Market Trends and is expected to continue its dominance during the forecast period. This is attributed to the growing electronics industry and increasing demand from countries such as China and India. Manufacturers are also expanding their production facilities in Asia to leverage low costs and cater to the growing regional demand.
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