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The latest report by IMARC Group, titled “Semiconductor Rectifier Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global semiconductor rectifier market size reached US$ 4.08 Billion in 2021. A semiconductor rectifier is a two-lead device that allows current to pass in one direction. It converts alternating current (AC) to direct current (DC) and inhibits the flow of current in the opposite direction by applying the properties of a junction. It consists of a transformer, cabinet and stack and is commonly available in single-phase and three-phase variants. As a semiconductor rectifier does not require warm-up time for operation, it is used in the power supply systems of electronic devices for isolating signals from the source and rectifying the voltage. It also finds extensive applications across automotive, consumer electronics, power, information technology (IT) and telecommunications industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Semiconductor Rectifier Market Trends:
The market is primarily driven by the rising deployment of smart grids across the globe. Semiconductor rectifiers are extensively used as guards to avoid reverse voltage supply in electronic components. Besides this, semiconductor rectifiers are widely utilized in consumer electronics, such as laptops, smartphones, and computers, for high-frequency rectification and enhanced energy efficiency. This, coupled with the implementation of several government initiatives to develop modern power distribution and infrastructure, is positively influencing the market growth. Furthermore, the emerging trend of miniaturization of electrical components and the rising product utilization in automotive electronics, such as central body control, braking system, modern electric power steering, and seat control, are creating a favorable market outlook across the globe. Moreover, various product innovations, such as the development of environment-friendly semiconductor rectifiers manufactured with biocompatible and biodegradable materials, represent another major growth-inducing factor. Looking forward, IMARC Group expects the market value to reach US$ 6.34 Billion by 2027, exhibiting a CAGR of 7.00% during the forecast period (2022-2027).
Market Summary:
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