US$ 1.9 Billion Global Fast Recovery Diode Market to Register 4.0% CAGR between 2021 and 2031, finds Bekryl Market Analysts
Global Fast Recovery Diode Market is expected to register 4.0% CAGR between 2021 and 2031. According to Bekryl, the industry is highly consolidated with top players holding over 3/4th of the market revenue share.
According to the recently released report by Bekryl, Global Fast Recovery Diode Market is estimated to be valued at US$ 1.9 Bn in 2022 and is expected to register 4.0% CAGR during the forecast period. Fast Recovery Diode is a semiconductor device which possesses short reverse recovery time for rectification purpose at high frequency. In 2021, fast recovery diode (FRD) market accounted for 26.8% of total diode sales. Higher integration, low power consumption, miniaturization, compact packaging along with properties such as low reverse recovery time, reduced loss and improved efficiency are key factors driving the sales of fast recovery diodes globally.
Excerpts from the report states that Asia Pacific dominated the global fast recovery diode market sales worldwide. By 2030, the region is expected to surpass US$ 1.7 Billion, growing at a CAGR of 5.7% during the forecast period. The region not only dominate in terms of overall sales of fast recovery diode, but also is a major producing center for FRD. China, Taiwan, Japan are the key manufacturing centers for fast recovery diode. As per the estimates, China and Japan accounted for 84% of total exports in Asia Pacific.
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Few key trends from fast recovery diode market:
Trend#1: Consumer Electronics and Automotive end-use Sector Accounted for Highest Usage of Fast Recovery Diode Worldwide
In 2021, consumer electronic and automotive created highest revenue opportunity for fast recovery diode (FRD) manufacturers. Advent of electric vehicles is expected to boost the demand for FRD globally. By 2030, there will be 1.83X increase in sales revenue as compared to that in 2021. Various engaged companies are strategically focusing on medium voltage fast recovery diode production. FRD can reduce reverse polarity connection of the battery.
Trend#2: Single Configuration FRD to Dominate the Global Share
In 2021, single configured FRD accounted for 68.8% of total market share. Higher demand for cost effective diodes in low voltage segments including consumer appliances and light weight vehicles has boosted single configuration-based diodes.
Trend#3: Higher Focus on Product Development and Launch
Various manufacturers focus on broadening its product portfolio either through introducing new products or through acquisitions. In addition, key players in the market focus on introducing solutions catering to emerging end-use segments such as electric vehicles, renewable energy sector, etc. For instance, • In May 2020, ON Semiconductor launched New 900 V and 1200 V SiC MOSFETs for applications such as solar power inverters, on-board charging for electric vehicles (EV), uninterruptible power supplies (UPS), server power supplies, and EV charging stations
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Some of the key companies covered in the report are:
- ABB Limited
- ON Semiconductor Corporation
- STMicroelectronics N.V.
- Diodes, Inc.
- Rohm Co. Ltd.
- Farnell Electronic Components Ltd.
- Electronics Industry PCL
- Toshiba Corporation Ltd
- Fuji Electric Co Ltd.
- Microsemi Corporation
- Infineon Technologies AG
- Hitachi Ltd.
- Vishay Intertechnology Inc.
- Maxim Integrated Products Inc
- Sanken Electric Co Ltd.
Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today’s disruptive business environment. We bring together data, leader’s opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.
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Published Sat, 19 Feb 2022 15:00:16 -0600