Global Rectifier Module Market
A rectifier module is an integral part of all the electrical equipment composed of diode or diodes, which convert AC (AC) to DC (DC). This is monitored through a diode that allows the flow of current through it only in one direction and usually, it is used to design rectifiers. The rectifier diode acts as a rectifier, with the most function of adjusting AC to DC, and is broadly utilized in power rectifier circuits. A rectifier module comes in various physical forms such as solid-state diodes, tube diodes, silicon-controlled rectifiers, valves of mercury arc, and silicon-based semiconductor switches. A rectifier module produces DC that encloses active current and voltage, which are then adjusted into a kind of constant voltage DC, though this varies counting on the current’s end-use. The present flow is uninterrupted during a single direction, no current is permitted in another direction.
Rectifier modules have different types of configurations, counting on the components such as control nature, sort of supply, and components used, among others. Majorly rectifier modules are classified into half-wave, full-wave, three-phase, and single-phase rectifier modules also as half controlled uncontrolled, and full controlled rectifiers. Rectifier modules have many applications including radio waves or detectors, DC power supplies, an influence source instead of generating current, DC and high voltage power transmission, various household appliances, like laptops or notebooks, television, and video games system, require power rectifiers to make power.
Global Rectifier Module Market Overview
The ideal power converter is the one that supplies the most desirable current to the load. The global surge in the demand for rectifier modules is due to the enlargement of the electronic industry. The latest drift of the rectifier module is that the converters of mercury-arc are used on reversible drivers and for wide-range grid control. Another recent combination that has been introduced is the combination of transformer and rectifier module, which has the potential to swing the market positively. With the growing use of power thyristors, used in welding machines and high voltage power-controlled applications, rectifier modules of silicon-controlled rectifiers also contribute to boost its sales and drive the global rectifier modules market. Furthermore, they are exponentially used in the field excitation of rotating machines and increasing demand from Industrial Automation and Equipment, UPS (Uninterruptable Power Supply)/Power Supply Backup have positively anticipated in propelling the growth of the global rectifier modules market.
There are certain limitations and obstacles faced that will hinder the overall market growth. The factors such as shortage of skilled workforce and complicated integrated systems are narrowing the market growth. Further, the manufacture of the rectifier module at effective and minimal cost is considered as the key factor inhibiting the growth of the rectifier module market. The rectifier module market has become competitive as there are some key players already established in the market, which is a barrier for the new players in the market. Nevertheless, the improvements in technologies, and untapped potential in emerging markets offer beneficial growth opportunities.
Global Rectifier Module Market Segmentation Analysis
The Global Rectifier Module Market is Segmented based on Product, Application and Geography.
Rectifier Module Market, By Product
• Three Phase
• Single Phase
Based on Product, the market is bifurcated into Three Phase and Single Phase. The three phase segment holds the largest market share during the forecast period. The factors that can be attributed to growing usage of 3-phase rectification circuits to power many industrial applications such as motor control or battery charging which require higher power requirements than a single-phase rectifier circuit is able to supply.
Rectifier Module Market, By Application
• Residential Appliances
• Telecom and Data Communication
• Automotive and Transportation
• Industrial Automation and Equipment
• UPS (Uninterruptable Power Supply)/Power Supply Backup
Based on Application, the market is bifurcated into Residential Appliances, Telecom and Data Communication, Automotive and Transportation, Industrial Automation and Equipment, UPS (Uninterruptable Power Supply)/Power Supply Backup, Other. The telecom and data communication segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. The factors that can be attributed to the growing telecom and communications and increasing dependency as are fueling the demand for this segment.
Rectifier Module Market, By Geography
• North America
• Asia Pacific
• Rest of the world
On the basis of Geography, the Global Rectifier Module Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds the largest market share. The increasing industrialization and urbanization lead to sizable increase in the demand of power and power-related conversion systems, increasing demand of energy-efficient and battery-powered portable equipment, improved power infrastructure, and ongoing projects will boost the market in the APAC region.
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