The India semiconductor
rectifier market is expected to witness steady growth in the forecast period,
FY2024-FY2028. The market is primarily driven by the support from the leading
authorities in the form of policies and regulations to modernize the power
generation and distribution infrastructure. Also, the announcement of projects
focusing on the development of smart grids and the growing proliferation of
smart devices in the country are expected to play a significant role in
boosting the growth of the India semiconductor rectifier market over the next
five years.
Development of Smart Grid
Drives the Market Growth
The smart grid is the
modernized version of the traditional grid and is equipped with automation,
communication, and IT systems. A smart grid can monitor the power flow from the
point of generation to the point of consumption. It can control the power flow
and change the load to real-time power generation. The smart grid offers
several advantages over the conventional grid system, such as it lowers the
transmission and distribution losses and improves the quality of service and
reliability of the power supply. It also boasts better asset management, peak
load management, and better accessibility to electricity. The government of
India has allocated massive funds for the development of smart grids and
announced projects like the Integrated Power Development Scheme, UDAY and NTP,
and National Smart Grid Mission to accelerate the construction of smart grids
in the country. A semiconductor rectifier is a crucial electronic component of
the smart grid. The growing construction of smart grid and announcement of
projects is expected to fuel the growth of the India semiconductor rectifier
market over the next five years.
Increased Application in
Automotive Industry Supports the High Market Growth
High disposable income and
improved living standards enable the middle-class population to invest in the
purchase of electric vehicles. With the rise in the sales of automobiles across
the country for commercial, residential, and industrial usage, the demand for
power electronics is expected to grow at a significant rate. Market players are
actively using advanced semiconductor resisters in automobiles to control the
peak and average power of the vehicles. The automotive market players have
started to use semiconductor rectifiers along with electric power steering,
central body control, braking system, and seat control which is expected to act
as a positive factor for the India semiconductor rectifier market over the next
five years.
Growing Electronic Industry
Boosts the Market Demand
The government of India is
supporting the domestic production of electronic devices by launching schemes
like ‘Make in India’ and ‘Make in India 2.0’ and encouraging foreign players to
establish their plants within the county. Also, the announcement of schemes
like Production- linked incentive scheme (PLI) and the Scheme for promotion of
manufacturing of components and semiconductors (SPECS) Electronics
manufacturing cluster scheme (EMC2.0) by the leading authorities are expected
to propel the manufacturing of semiconductor rectifiers. The booming
electronics industry and the surge in the set-up of manufacturing plants for
power electronics are expected to accelerate the growth of the India
semiconductor rectifier market in the forecast period.
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Market Segmentation
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. Based on type,
the market is divided into low current rectifier, medium current rectifier,
high current rectifier. Based industry vertical, the market is divided into automotive,
consumer electronics, power & utility, IT & telecom, and others. The
market is also studied on the basis of regional distribution and the regions
are majorly divided into north, east, south, and west.
Market Players
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, are the major market players operating in the India semiconductor
rectifier market.
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Attribute
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Details
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Base Year
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FY2022
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Historic Data
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FY2018 – FY2020
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Estimated Year
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FY2023
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Forecast Period
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FY2024 – FY2028
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2018-FY2022 and FY2023-FY2028
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Product Type
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Type
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Industry Vertical
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Region scope
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North, East, West, South
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, India semiconductor
rectifier market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- India Semiconductor Rectifier Market, By Product Type:
- India Semiconductor Rectifier Market, By Type:
- Low Current Rectifier
- Medium Current Rectifier
- High Current Rectifier
- India Semiconductor Rectifier Market, By Industry Vertical:
- Automotive
- Consumer Electronics
- Power & Utility
- IT & Telecom
- Others
- India Semiconductor
Rectifier Market, By Region:
o North
o East
o South
o West
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India semiconductor rectifier
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and profiling of
additional market players (up to five).
India semiconductor rectifier market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]