August 11, 2022 15:50 ET | Source: Straits Research Straits Research
New York, United States, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The rectifier is a two-lead semiconductor that only enables electricity to flow in one direction. It is a semiconductor diode used for power control and rectification. Using the characteristics of a junction formed from two inversely doped semiconductor materials, it conducts current preferentially in one direction and prevents current flow. These are necessary components for power supply applications, which convert AC electricity to DC voltage. Its roles in electrical components include controlling the size of a signal, separating signals from the power supply, rectifying a voltage, and serving as a voltage reference. Due to these properties, it is predominantly used as guards in the circuits of electronic components to avoid the risk of unintended supply voltage reversal.
The market for semiconductor rectifiers is undergoing a significant transition and expansion. One of the critical reasons for the extensive use of semiconductor rectifiers is the search for greater power efficiency. In addition, the diminution of electronic components promotes the need for semiconductor rectifiers. Rectifier diodes, which convert AC voltage to DC voltage and are small, are crucial parts of the power supply. Moreover, an increase in government spending on smart cities encourages business growth. Moreover, the increasing trend toward electrification in the automobile industry is one of the critical factors impacting the development of the semiconductor rectifier market during the forecast period. However, the semiconductor rectifier market is competitive, with regional and global manufacturers competing based on the cost of solutions & services, product efficiency, dependability, and support.
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Increasing Smart Grid Usage in Emerging Nations, Rise of Consumer electronics and Telecommunications Services Drives the Global Market.
Some nations, including India, China, and Brazil, are making significant headway in the planning and developing of smart grid technologies. These technologies help create a more flexible power grid, which makes it possible to include various forms of renewable energy. Additionally, it improves service reliability and service level provided to end customers by integrating information and communications technology at multiple stages of the power generation, consumption, and delivery processes.
The industrial industry is undergoing digitization, increasing telecommunication services, and consumer electronic devices, contributing to the need for semiconductor rectifiers. The growing prevalence of the trend toward electrification in the automotive industry is another factor helping the expansion of the market for semiconductor rectifiers. This trend is one of the primary drivers of market growth. In addition, it has been seen worldwide that there has been an enormous surge in demand for smartphones and autos equipped with modern technical features.
Growing Demand for Rectifier Diodes in a Number Of Automotive And Power Sector Applications Creates Tremendous Opportunities
In recent years, many applications for power electronics in automobile power generation and control have exploded. For instance, the automotive industry has implemented a brand-new load-matching mechanism. This approach employs a simple switched-mode rectifier to significantly enhance peak and average power output from a traditional Lundell alternator and make considerable efficiency improvements. Incorporating power electronic components into autos, in conjunction with the complete power control and management system, creates new opportunities for rectifier use. In addition, it is anticipated that attractive opportunities will show themselves in the realm of car electronics. Modern electric power steering, central body control, brake system, and seat control are future changes in this industry.
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Asia-Pacific is the major contributor to the global semiconductor rectifier market and is expected to grow at a CAGR of 13.5% during the forecast period. The Asia-Pacific region is one of the world's top semiconductor rectifiers markets. In Asia-Pacific, demand and manufacturing for cellphones and consumer electronics have increased over the past few years. Also, expanding smart grid technologies and rising power consumption and production in growing Asia-Pacific nations are anticipated to present market opportunities.
North America consists of the United States, Canada, and Mexico. The landscape of the semiconductor sector in this region is constantly changing. In the U.S. and Canada, semiconductor rectifier expenditures continue to increase rapidly. This region encourages massive spending in semiconductors and electronics and is home to market leaders such as Texas Instruments Inc. and Microchip Technology Inc. In North America, the primary reason driving the growth of the semiconductor rectifier market is the increase in the development of new technologies and the region's relatively greater dominance due to numerous essential companies.
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Global Semiconductor Rectifier Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/semiconductor-rectifier-market/toc
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