The power diode global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Power Diode Market, 2024The power diode global market report 2024
Market Size – The power diode market size has grown strongly in recent years. It will grow from $2.33 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the emergence of automotive electronics, regulatory requirements for energy efficiency, the rise of renewable energy technologies, globalization, and market liberalization, and the development of high-speed switching applications.
The power diode market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to global connectivity and market access, technological innovations in packaging and thermal management, demand for high-frequency switching, electrification of transport infrastructure, and urbanization and infrastructure development. Major trends in the forecast period include wide bandgap materials, 5G infrastructure, smart grid technologies, efficiency improvements, and automotive electronics.
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Scope Of Power Diode MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Power Diode Market Overview
Market Drivers -The increasing adoption of electric vehicles (EVs) is projected to significantly drive the growth of the power diode market in the future. This trend is fueled by advancements in battery technology and rising environmental concerns, which lead to greater efficiency and lower emissions. Power diodes are essential in electric vehicles for rectification within the charging systems and for managing power flow in inverters and converters. For instance, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. By the end of 2023, sales are expected to reach 14 million, reflecting a 35% year-on-year increase, with growth anticipated to accelerate in the latter half of the year. Thus, the rising adoption of electric vehicles (EVs) is driving the expansion of the power diode market.
Market Trends – Major companies operating in the power diode market are focusing on developing advanced compact surface-mount package solutions to enhance circuit protection. Compact surface mount package solutions refer to small, flat packages designed to be mounted directly onto the surface of a printed circuit board (PCB). For instance, in May 2023, Littelfuse Inc., a US-based industrial technology manufacturing company, launched the LTKAK2-L Series High Power TVS (transient voltage suppression) diodes, which feature a compact, surface-mount package compatible with automated PCB assembly processes. This smaller solution, in a modified SMTO-218 package, enables designers to achieve robust circuit protection while using less PCB space compared to available axial-leaded solutions. With a 2 kA surge current rating, these diodes ensure compliance with IEC-61000-4-5 Level 4 requirements, protecting numerous high-reliability AC and DC power supplies and their applications.
The power diode market covered in this report is segmented –
1) By Type: Schottky Diodes, Zener Diodes, Rectifier Diodes, Punch-Through Diode, Other Types
2) By Application: Metals Melting And Electrolysis, Voltage Clamping, Drives, Input Rectifier For AC-Drives, Voltage Multiplying, Power Conversion
3) By End-Use Industry: Automotive, Consumer Electronics, Telecommunications, Energy And Power, Industrial, Aerospace And Defense
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Regional Insights – Asia-Pacific was the largest region in the power diode market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the power diode market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments, Kyocera Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices, Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology, Fuji Electric Co. Ltd., ROHM Co. Ltd., Sensata Technologies, Vishay Intertechnology Inc., Littelfuse, Hitachi ABB Power Grids, Nexperia BV, Diodes Incorporated, Microsemi, Semtech Corporation, MACOM, Semikron Danfoss, SanRex, Central Semiconductor Corp, Poseico S.p.A., SMC Diode Solutions LLC, SemiQ, Akela Laser Corporation
Table of Contents 1. Executive Summary2. Power Diode Market Report Structure3. Power Diode Market Trends And Strategies4. Power Diode Market – Macro Economic Scenario5. Power Diode Market Size And Growth…..27. Power Diode Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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