Growing demand for industrial automation and technological advancements in automobiles is expected to drive the demand for the India Semiconductor Rectifier Market in the forecast period, FY2024-FY2028.
According to TechSci Research report, “India Semiconductor Rectifier Market By Region, Competition Forecast & Opportunities, FY2028”, the India semiconductor rectifier market is anticipated to witness steady growth during the forecast period, FY2024-FY2028. The primary factors include the high demand across various end-user industries, including consumer electronics, information technology, communications, automotive, power, and others, and the introduction of environment-friendly semiconductor rectifiers. They are driving the demand for the India semiconductor rectifier market.
The rectifier can be defined as a two-lead semiconductor that allows the current to pass only in one direction. It is a type of electronic component that converts alternating current to direct current and is used inside the majority of all the electronic equipment. The semiconductor rectifier is usually placed in series, either following a voltage regulator, smoothing filter, or a transformer. A semiconductor rectifier eliminates the chances of damage to the circuit as it acts as a polarity guard of electronic circuits.
However, the high cost of semiconductor rectifiers and technical complexities may restrain the India semiconductor rectifier market growth in the forecast period.
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The India semiconductor rectifier market is segmented into product type, type, industry vertical, regional distribution, and competitive landscape.
Based on product type, the market is divided into single phase and three phase. The three-phase segment is expected to witness the fastest incremental growth in the forecast period. They are more efficient and can transmit three times than single-phase power. Consumers prefer to invest in purchasing the three-phase power to enjoy a constant power supply and have low power.
Based on industry vertical, the market is divided into automotive, consumer electronics, power & utility, IT & telecom, and others. The consumer electronics segment is expected to account for a significant market share in the forecast period owing to the expected roll-out of 5g technology and the growing popularity of smart devices among consumers. The government is working on improving the telecommunication industry and investing substantial amounts to boost the consumer electronics industry. There is high demand for semiconductor rectifiers to protect the devices from external damage, which is expected to fuel the growth of India semiconductor rectifier market.
Major market players operating in the India semiconductor rectifier market are:
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- Microchip Technology, Inc.
- Renesas Electronics Corporation
- Rohm Semiconductors Co., Ltd.
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Toshiba Corporation
- Vishay Intertechnology, Inc.
- The Toro Company
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“The high-end investments by the market players in research and development activities to find innovative solutions and upgrade the existing infrastructure is expected to create lucrative growth opportunities for the India semiconductor rectifier market. The ongoing trend of the miniaturization of electronic devices is forcing electronic component manufacturers to lower the size of semiconductor rectifiers. They are widely used during the manufacturing of power electronic devices. The high demand from the automotive industry is expected to propel the growth of India semiconductor rectifier market till FY2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Semiconductor Rectifier Market By Product Type (Single Phase and Three Phase), By Type (Low Current Rectifier, Medium Current Rectifier, High Current Rectifier), By Industry Vertical (Automotive, Consumer Electronics, Power & Utility, IT & Telecom, and Others), By Region, Competition Forecast & Opportunities, FY2028”, has evaluated the future growth potential of India semiconductor rectifier market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India semiconductor rectifier market.
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