Power Schottky Diode Market

Market Synopsis:

The Global Power Schottky Diode Market is valued at USD 6.3 Billion in 2022 and is projected to reach a value of USD 10.8 Billion by 2030 at a CAGR of 5.10% over the forecast period.

A Power Schottky Diode is a type of diode used to convert alternating current (AC) to direct current (DC). Rectification is the term for this conversion procedure. Low turn-on voltage, rapid recovery time, and low junction capacitance are just a few of the advantages of adopting a Power Schottky Diode over a regular diode. However,Power Schottky Diodes have some drawbacks, such as limited reverse voltage ratings and a relatively large reverse leakage current, which contributes to thermal instability as temperature rises. Because current can only flow in one way, this attribute of Power Schottky Diodes aids in restricting current flow in the reverse direction, resulting in increased device efficiency.

One of the primary factors driving the growth of the Power Schottky Diode Market is the rise in global industrialization. Increased demand for Power Schottky Diode over conventional diodes, as the former has a low forward voltage drop of 0.3-0.5 and reduces energy waste due to heating, as well as an increase in consumer desire for devices, are driving market expansion. The expanding use of Schottky diodes in voltage bracing, test and hold circuits, and mode control supplies, as well as their important qualities such as low-profile surface-mount bundle, low capacitance, and increased efficiency, are influencing the market.

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Additionally, the use of Power Schottky Diodes in sensitive applications, an increase in demand for stationary photovoltaic (PV) cells, and an increase in demand from industries such as consumer engines, telecommunications, and automotive, among others, urbanization, and an increase in end-user awareness all benefit the market. The Government administration set limits on the manufacturing units, requiring them to work with a minimum workforce and adhere to strict social distancing rules. Furthermore, the COVID-19 pandemic epidemic impacted supply chain networks. As a result, all of these characteristics hampered the expansion of the Power Schottky Diode Market.

Market Segmentation:

The Power Schottky Diode Market is segmented on the basis of Product Type and Industry Vertical. On the basis of Product Type, the market is segmented into Lead type and Surface mount package. On the basis of Industry Vertical, the market is segmented into Consumer Electronics, Telecommunication, Automotive, and Others.

Based on Product Type

Surface-mounted energy Schottky diodes have a minimal voltage drop and little or no recovery. They address all application needs from low voltage OR-ing and 48 V converters to higher voltage battery chargers and welding equipment, ranging from 15 to 200 V and 1 to 240 A. The distinct segments' growth helps you gain understanding about the many growth variables that are likely to be widespread throughout the industry and build different strategies to help discover primary application areas and differences in your target markets.

Based on Industry Vertical

The fastest-growing industries are predicted to be telecommunications and automotive. A Power Schottky Diode has a lower forward voltage drop than a typical diode. As a result, there is reduced energy waste. Higher efficiency, lower capacitance, and a low-profile surface-mount bundle all contribute to the popularity of Power Schottky Diodes on the market. Electronic devices used in the telecommunications and automotive industries require a continuous DC current source, which is provided by a power Schottky diode. As a result, demand for high-Power Schottky Diodes is expected to grow.

North America Acquires the Largest Market Share in Terms of Revenue

North America acquires the largest market share during the year 2021 with a share of 38.10%. Because of the rapid growth of electronics, unique developments, and the expansion of end-use industries within the region, North America dominates and is predicted to grow substantially in the Power Schottky Diode Market during the forecast period of 2021 to 2028.

Competitive Landscape:

Key players operating in the Global Power Schottky Diode Market include- Infineon Technologies AG, MACOM Technology Solutions, Toshiba Corporation, Semiconductor Corp., Microsemi Corp., NXP Semiconductors, Semtech Corporation, STMicroelectrics, Shindengen Electric Manufacturing Company Ltd., ABB Ltd., ON Semiconductor, Diodes Incorporated, ROHM Semiconductor, Central Semiconductor Corp., Hitachi Power Semiconductor Device Ltd., IXYS Corporation Panasonic Corporation, Vishay Intertechnology Inc and others.

Segmentation of the Global Power Schottky Diode Market: