Fast Recovery Rectifier Diode Market Report

Market Insights

The Fast Recovery Rectifier Diode Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Fast Recovery Rectifier Diode Market Size, 2020-2026 (USD Million)

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What is a fast recovery diode?

A fast recovery diode is a semiconductor device that possesses a short recovery time for rectification purposes at high frequency. A quick recovery time is vital for the rectification of high-frequency purposes at high-frequency AC signals. Diodes are widely used in rectifiers as they possess ultra-high switching speeds. A fast rectifier primarily recovers ten times quicker than a standard rectifier.

Key Players

Key players operating in the fast recovery rectifier diode market are-

• STMicroelectronics (Switzerland)
• ON Semiconductor (US)
• ABB (Switzerland)
• Diodes Incorporated (US)
• Semtech (US)
• Vishay (US)
• Microchip Technology (US)
• Sanken Electric (Japan)
• Shindengen America (US)
• Westcode (US).

Market Dynamics

The rising number of consumer electronic devices, as well as telecommunication services, are significantly driving the demand for fast recovery rectifier diodes mainly due to digitalization in the industrial sector. Also, the positive growth of the automotive industry and rising electrification in automobiles further augment the market growth. In addition, a rise in the number of telecommunication devices and internet users in developing countries creates ample opportunities for the market players.

Segment's Analysis

Application Trends

Based on application, the fast recovery rectifier diode market is categorized into automotive electric, consumer electric, household appliances, industrial, and others. The automotive electric segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly ascribed to the rising number of vehicles and a surge in the production of automotive parts. As fast recovery rectifier diodes are employed in the automobile industry for switching power supplies, and for fast switching speeds, coupled with enhanced efficiency and reduced loss, the growth in the automotive industry directly impacts the demand for fast rectifiers, which bolsters the segment growth. 

Regional Trends

By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly attributed to its expertise in technology-driven aspects. Moreover, the presence of semiconductor and consumer electronic companies, a strong automotive base in the countries of India, Japan, and India, and the growing need for household appliances, further proliferates the regional market growth.

COVID-19 Impact on Fast Recovery Rectifier Diode Market

The COVID-19 outbreak has moderately affected the fast recovery rectifier diode industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly which made people stuck in their homes with limited movement. The industrial operations were halted due to limited workforce and supply chain disruption, which further negatively affected the product demand.

Critical Questions Answered in the Report

• What are the key trends in the fast recovery rectifier diode market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the fast recovery rectifier diode market?
• What are the key strategies adopted by the major vendors to lead in the fast recovery rectifier diode market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the fast recovery rectifier diode market hopes to have the greatest opportunity to convert-

• Fast recovery rectifier diode vendors
• Fast recovery rectifier diode retailers
• Consumer electronics
• Automotive companies

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