Driven by Increasing Demand for Smart Grids and the rising government expenses on Modern Power Generation and Distribution Infrastructure, the Global Semiconductor Rectifier Market is Forecasted to Cross $10 Bn by 2028 says Ken Research Study.
A
semiconductor rectifier is a part of the electrical system with two leads which
allows current to flow exclusively in one direction. The device changes
alternating current (AC) to direct current (DC) and is a component of the power
supplies used in electrical devices.
Ken Research shares 3 key insights on this high
opportunity market from its latest research study.
1. Increasing Demand for Telecommunication Equipment
to Propel the Market Growth
According
to Research estimates, the Global
Semiconductor Rectifier Market
– which was valued from around US$ 3 Bn in 2017 to nearly US$ 5 Bn by 2022 – is
expected to grow further to more than US$ 10 Bn opportunity by 2028.
Key
drivers pushing the growth of the Semiconductor Rectifier Market are the rising
electrification trend in automobiles, the increasing number of consumer
electronic devices and telecommunication services, and the digitization of the
industrial sector.
In
addition, rising Internet usage and the use of telecommunications equipment in
developing nations like China, Brazil, India, and Japan are creating chances
for the expansion of the Semiconductor Rectifier Market in the upcoming years.
2. Increasing Adoption of Semiconductor Rectifier in
Smart Grid to Propel the Market Growth
The
traditional, centralized electricity supply networks are in the process of
being replaced with a "smart grid." This "smart grid" can
be thought of as a set of systems or the total of connected mini-grids that
have greatly decentralized energy production, storage, and consumption.
The
transformation enables more efficient use of an increasing number of renewable
energies, replacing the utilization of fossil fuels and nuclear power, even though
large-scale power plants remain the major backbone of these networks for the
years to come. In addition to power generation and transmission, this
transformation will also affect energy storage, communication, and security
concerns, making semiconductor rectifiers a dominant and critical component of
these new mega-structures in all ranges.
3. Reduced Semiconductor Manufacturing Impacted the
market Negatively
The
semiconductor industry was compelled to operate at a significantly reduced
capacity due to weak demand and COVID safety concerns, which resulted in
utilization rates that were historically low. Parallel to this, the
semiconductor industry's major customer, the automobile sector, opted to cancel
their backlog and burn through both their completed goods inventory as well as
their semi-finished inventory in order to construct what they could. It has in
turn negatively impacted the Global Semiconductor Rectifier Market.
For More
Information, refer to below link:-
Top Companies in Semiconductor Rectifier
Industry
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