The Global Rectifiers Market to Witness Tremendous Growth owing to Increasing Demand in Renewable Energy Sector
The global rectifiers market encompasses products that convert alternating current (AC) into direct current (DC) power like silicon controlled rectifier, fast recovery rectifier and other variants. Rectifiers offer benefits like low power consumption, minimal power loss and compact sizes, making them an integral component across electronic circuits adopted in various industrial segments. They are widely used in power supplies, battery chargers, motor controllers and circuit boards. The growing adoption of renewable energy sources like solar and wind has also surged the demand for rectifiers globally to efficiently charge & run the infrastructure.
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.
With rapid urbanization and rising electronics usage, the requirement for rectification has increased manifold across myriad applications in telecom towers, Global Rectifiers Market Trends electric vehicles charging and domestic appliances. Rectifier ICs abilities to smoothly modify AC power to enable DC operation has made them ubiquitous in industrial drives, motor controls, switched mode power supplies and renewable energy management units.
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.
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