Global Rectifier Market Size (2024 - 2029)

Rectifier Market Analysis

The Global Rectifier Market is expected to grow by registering a CAGR of 10.61% during the forecast period (2022-2027). The factors such as an increase in demand for rectifier diodes for various applications in the automotive sector, and a surge in public sector spending on modern power generation and distribution infrastructure, especially across the developing regions, are driving the growth of the studied market.

Rectifiers are commonly used as circuit guards to prevent supply voltage reversal in electronic components due to human error. Furthermore, the increased use of high-frequency rectification and better energy efficiency in consumer devices such as laptops, cellphones, and PCs boosts market development.

The increasing sales of consumer electronic products further support the studied market's growth. For instance, according to the Retailers Association of India, in the third quarter of FY21, sales of consumer electronics and appliances increased by 23.5%, as compared with the same period in the last fiscal year.

The growing use of vehicle electronics such as automotive central body control, sophisticated electric power steering, brake systems, charging, and seat control is favorably boosting market development. Other factors, such as rising electronic component downsizing and the adoption of different government efforts on modern power distribution and generating infrastructure, are projected to drive the market forward.

However, factors such as technical issues, including distorted input line current due to harmonic contents and high costs associated with semiconductor rectifiers, are challenging the growth of the studied market.

COVID-19 has impacted the global supply chain of major electronic brands. China is one of the largest producers and exporters of various electronics input supplies such as rectifiers, capacitors, diodes, etc. Due to the continuous production standstill in China, several electronic manufacturers in the United States and Europe have been compelled to halt production manufacturing of finished items, resulting in a demand-supply gap in electronic products.

Rectifier Industry Segmentation

The scope of the study focuses on the market analysis of rectifiers sold across the world, and market sizing encompasses the revenue generated through rectifiers and their applications in industries and rectifiers sold by various market players for rectifier manufacturing. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The report's scope encompasses market sizing and forecast for segmentation by type, range, application, and geography.