India Semiconductor Rectifier Market By Product Type (Single Phase and Three Phase), By Type (Low Current Rectifier, Medium Current Rectifier, High Current Rectifier), By Industry Vertical (Automotive, Consumer Electronics, Power & Utility, IT & Telecom, and Others), By Region, Competition Forecast & Opportunities, FY2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Semiconductor Rectifier Market By Product Type (Single Phase and Three Phase), By Type (Low Current Rectifier, Medium Current Rectifier, High Current Rectifier), By Industry Vertical (Automotive, Consumer Electronics, Power & Utility, IT & Telecom, and Others), By Region, Competition Forecast & Opportunities, FY2028
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.
| Attribute | Details |
| Base Year | FY2022 |
| Historic Data | FY2018 – FY2020 |
| Estimated Year | FY2023 |
| Forecast Period | FY2024 – FY2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for FY2018-FY2022 and FY2023-FY2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product Type · Type · Industry Vertical |
| Region scope | North, East, West, South |
| Key companies profiled | 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 |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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| Delivery Format | 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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