Power Diodes Market Estimated High Revenue by 2024

Power Diodes Market: Overview


With the help of the power diodes, the flow of the current is restricted to only one direction. Thus, they work like a one-way valve which can be used in several applications, depending on the property and type of the diode that is used within the circuit. The power diodes are used for converting alternating voltage into continuous voltage.


Power Diodes Market: Facts


The leading supplier and manufacturer of high-quality application products Diodes Incorporated have introduced SDT series of Schottky diodes. These devices with the help of the advanced deep-trench process offer to deliver high performance at the similar cost of the planar-type Schottky diodes.


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Power Diodes Market: Segmentation


The global market for the power diodes is fragmented into its type and application. On the basis of the type, the global market is segregated into Schottky diodes, standard diodes or general purpose diodes, fast recovery diodes, and others. On the basis of application, the market is categorized into metals melting and electrolysis, voltage clamping, drives, input rectifier for ac-drives, a voltage multiplying, and others.


Power Diodes Market: Growth Factors


The major factors that are driving the power diodes market across the world include higher integration, low power consumption, miniaturization, and compact-packaging, which help in the improvement of the development of the components that are utilized in the automotive and electronics & communication industries. Lately, there was huge development experienced in the electronic assembly technologies; however, the popularity of the power diodes was not affected. In order to improve the sales of the power diodes, the market players are focusing on launching improvised products that have small size thus fuelling the growth of the market. The factors that are restraining the growth of the market include the high production cost of the power diodes. To add on the economic downturn, surplus inventory, weakening demand, and price erosion affected the market negatively. The presence of the strong market players in the market restricts the entry of the new entrants. All these factors have a negative impact on the growth of the market.


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Power Diodes Market: Regional Analysis


The regions that are dominating the power diodes market are Asia Pacific and North America. In Asia Pacific region, the developing regions such as China and India are contributing at a significant rate to the growth of the market. The factors that are contributing to the market growth in North America and Asia Pacific regions are the improving infrastructural activities and the rapid urbanization. European countries are witnessing a moderate rate of market growth while the Middle East and Africa and Latin American regions are expected to have a steady growth in the power diodes market.


Power Diodes Market: Competitive Players


The key market players that are involved in the power diodes market include Infineon Technologies AG, MACOM, Toshiba Corporation, Semiconductor Corp., Microsemi Corp., NXP Semiconductors, Semtech Corporation, Shindengen Electric Manufacturing Company, Ltd., ABB, ON Semiconductor, Diodes Incorporated, ROHM Semiconductor, Central, Hitachi Power Semiconductor Device, Ltd., IXYS Corporation, Panasonic Corporation, and Vishay Intertechnology, Inc.


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