Portland.OR, Feb. 16, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global semiconductor rectifiers market generated $3.22 billion in 2019, and is estimated to reach $7.72 billion by 2027, registering a CAGR of 11.4% from 2020 to 2027. The report offers an extensive analysis of key market dynamics, driving factors & opportunities, key segments, value chain, business performance, and competitive landscape.
Surge in penetration of smart grids across the developing countries, growth in number of telecommunication services and consumer electronics, and rise in government spending on modern power distribution and generation infrastructure in the developing nations drive the global semiconductor rectifiers market. However, technical issues and high costs regarding semiconductor rectifiers restrain the market growth. On the other hand, growth in demand for rectifier diode in various applications in the automotive and power sector and miniaturization of electronic components create new opportunities in the market.
Get Instant Access – Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/9817
Covid-19 Scenario-
- The production facilities of the electronics and semiconductors were halted, owing to the slowdown and unavailability of the workforce across the globe.
- The disrupted supply chain management and decreased demand further curbed the revenue of the market globally, during the covid-19.
- However, the regions have now entered the unlock zone and the industry is anticipated to recoup soon.
The global semiconductor rectifiers market is segmented on the basis of product type, industry vertical, and region.
Based on type, the market is bifurcated into single phase and three phase. The single phase segment accounted for the highest share in 2019, contributing to more than half of the total revenue, and is projected to maintain its dominant position throughout the forecast period. However, three phase segment would witness the largest CAGR of 12.4% from 2020 to 2027.
Enquire for More: https://www.alliedmarketresearch.com/purchase-enquiry/9817
Based on industry vertical, the consumer segment accounted for the largest share in 2019, holding nearly one-fifth of the total share, and is estimated to maintain the highest share during the forecast period. However, the automotive segment is estimated to portray the highest CAGR of 15.7% during the forecast period.
Geographically, Asia-Pacific is expected to grow at the highest CAGR of 13.5% during the forecast period. In addition, the region held the largest share, holding nearly half of the total market share in 2019, and will maintain its dominant contribution during the forecast period.
Get Full Customized Report: https://www.alliedmarketresearch.com/request-for-customization/9817
The key market players analyzed in the global semiconductor rectifiers market include BB, ASI Semiconductor, Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors, Renesas Electronics Corp., STMicroelectronics NV, Texas Instruments Inc., and Toshiba Corp.
Access Avenue (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/Avenue-Membership-details
Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.