Market Size of Global Rectifier Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 10.61 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Rectifier Market Analysis
The Global Rectifier Market is expected to grow by registering a CAGR of 10.61% during the forecast period (2022-2027). The factors such as an increase in demand for rectifier diodes for various applications in the automotive sector, and a surge in public sector spending on modern power generation and distribution infrastructure, especially across the developing regions, are driving the growth of the studied market.
Rectifiers are commonly used as circuit guards to prevent supply voltage reversal in electronic components due to human error. Furthermore, the increased use of high-frequency rectification and better energy efficiency in consumer devices such as laptops, cellphones, and PCs boosts market development.
The increasing sales of consumer electronic products further support the studied market's growth. For instance, according to the Retailers Association of India, in the third quarter of FY21, sales of consumer electronics and appliances increased by 23.5%, as compared with the same period in the last fiscal year.
The growing use of vehicle electronics such as automotive central body control, sophisticated electric power steering, brake systems, charging, and seat control is favorably boosting market development. Other factors, such as rising electronic component downsizing and the adoption of different government efforts on modern power distribution and generating infrastructure, are projected to drive the market forward.
However, factors such as technical issues, including distorted input line current due to harmonic contents and high costs associated with semiconductor rectifiers, are challenging the growth of the studied market.
COVID-19 has impacted the global supply chain of major electronic brands. China is one of the largest producers and exporters of various electronics input supplies such as rectifiers, capacitors, diodes, etc. Due to the continuous production standstill in China, several electronic manufacturers in the United States and Europe have been compelled to halt production manufacturing of finished items, resulting in a demand-supply gap in electronic products.
Rectifier Industry Segmentation
The scope of the study focuses on the market analysis of rectifiers sold across the world, and market sizing encompasses the revenue generated through rectifiers and their applications in industries and rectifiers sold by various market players for rectifier manufacturing. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The report's scope encompasses market sizing and forecast for segmentation by type, range, application, and geography.
By Type | |
Single Phase Rectifier | |
Three Phase Rectifier |
By Range | |
0.5 - 3.0 Amps | |
3.1 - 35 Amps | |
Above 35 Amps |
By Application | |
Power & Utility | |
Automotive | |
IT/Telecom | |
Consumer Electronics | |
Others |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Middle-East and Africa | |
Latin America |
Global Rectifier Market Size Summary
The global rectifier market is poised for significant growth, driven by increasing demand in the automotive sector and heightened public sector investments in modern power generation and distribution infrastructure, particularly in developing regions. Rectifiers play a crucial role in preventing supply voltage reversal in electronic components, which is essential for the reliability of consumer devices like laptops, cellphones, and PCs. The rising sales of consumer electronics and the growing use of vehicle electronics, such as advanced power steering and brake systems, are further propelling market expansion. However, challenges such as technical issues related to harmonic contents and the high costs of semiconductor rectifiers pose obstacles to market growth. The COVID-19 pandemic has also disrupted global supply chains, particularly affecting production in regions like China, which is a major supplier of electronic components.
The automotive industry is a significant end-user of rectifiers, with the market being influenced by the increasing adoption of electric and autonomous vehicles. Rectifiers are essential in On-Board Charging and Battery Management Systems, driving demand in this sector. Government regulations promoting electric vehicles and the development of charging infrastructure, particularly in the EU, are expected to support market growth. The Asia-Pacific region is experiencing rapid market expansion due to rising demand for rectifier-based components and renewable energy products. Local manufacturers, especially in China, are expanding their presence, supported by favorable government policies and cost-effective manufacturing conditions. The competitive landscape of the global rectifier market is characterized by continuous product and technology innovations, with major players like Vishay Intertechnology, Inc., Semiconductor Components Industries, LLC, and Diodes Incorporated actively enhancing their market presence through strategic investments and acquisitions.
Global Rectifier Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Value Chain / Supply Chain Analysis
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1.4 Assessment of the Impact of COVID -19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Single Phase Rectifier
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2.1.2 Three Phase Rectifier
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2.2 By Range
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2.2.1 0.5 - 3.0 Amps
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2.2.2 3.1 - 35 Amps
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2.2.3 Above 35 Amps
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2.3 By Application
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2.3.1 Power & Utility
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2.3.2 Automotive
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2.3.3 IT/Telecom
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2.3.4 Consumer Electronics
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2.3.5 Others
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.5 Latin America
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Global Rectifier Market Size FAQs
What is the current Global Rectifier Market size?
The Global Rectifier Market is projected to register a CAGR of 10.61% during the forecast period (2024-2029)
Who are the key players in Global Rectifier Market?
Vishay Intertechnology, Inc., Semiconductor Components Industries, LLC, Diodes Incorporated, STMicroelectronics and Comchip Technology Co., Ltd. are the major companies operating in the Global Rectifier Market.