Fast Recovery Rectifier Diode Market Report
Fast Recovery Rectifier Diode Market Trends, Dynamics & Market Insights See less
Fast Recovery Rectifier Diode Market Trends, Dynamics & Market Insights
Fast Recovery Rectifier Diode Market, By Type (Single Configuration, Dual Configuration), By Application (Automotive Electric, Consumer Electric, Household Appliances, Industrial, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global fast recovery rectifier Diode market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Fast Recovery Rectifier Diode Market, By Type (Single Configuration, Dual Configuration), By Application (Automotive Electric, Consumer Electric, Household Appliances, Industrial, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. ...
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.
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 operating in the fast recovery rectifier diode market are-
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.
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.
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.
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.
Here is the list of the group of customers that the fast recovery rectifier diode market hopes to have the greatest opportunity to convert-
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STMicroelectronics (Switzerland), ON Semiconductor (US), ABB (Switzerland), Diodes Incorpo-rated (US), Semtech (US), Vishay (US), Microchip Technology (US), Sanken Electric (Japan), Shindengen America (US), and Westcode (US) are among the key players in the fast recovery rectifier diode market.
The automotive electric segment is expected to register a healthy CAGR in the fast recovery rectifier diode market in the coming years.
Asia-pacific is expected to grow at a substantial CAGR in the fast recovery rectifier diode market during the next five years.
The rising number of consumer electronic devices, as well as telecommunication services and positive growth of the automotive industry and rising electrification in automobiles are the factors driving the growth of fast recovery rectifier diode market.
Fast recovery rectifier diode vendors, Fast recovery rectifier diode retailers, Consumer electronics, Automotive companies are the target audience in the fast recovery rectifier diode market.