Lewes, DE -- (SBWIRE) -- 12/17/2018 -- Global Industrial Rectifiers market will register a 5.1% CAGR in terms of revenue, reach US$ 750 million by 2023, from US$ 550 million in 2017.

A rectifier is an electrical device that converts alternating current (AC), which periodically reverses direction, to direct current (DC), which flows in only one direction.

In the coming years there is an increasing demand for Industrial Rectifiers in the regions of United States and Europe that is expected to drive the market for more advanced Industrial Rectifiers. Growth in government budgets in the principal countries, increasing of Smelting Industry expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Industrial Rectifiers will drive growth in United States and Europe markets.

Globally, the Industrial Rectifiers industry market is low concentrated as the manufacturing technology of Industrial Rectifiers is relatively matures than some high-tech equipment. And some enterprises, like ABB, Siemens, AEG Power Solutions, etc. are well-known for the wonderful performance of their Industrial Rectifiers and related services. At the same time, Asia-Pacific, occupied 49.25% sales market share in 2017 is remarkable in the global Industrial Rectifiers industry because of their lowest cost of raw material and labor.

The consumption volume of Industrial Rectifiers is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Industrial Rectifiers industry may not keep that fast. But it is surely forecasted that the market of Industrial Rectifiers is still promising.

Over the next five years, study projects that Industrial Rectifiers will register a 5.1% CAGR in terms of revenue, reach US$ 750 million by 2023, from US$ 550 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Rectifiers market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
LCR
MCR
HCR
Segmentation by application:
Smelting Industry
Chemical Industry
Transportation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB
Siemens
AEG Power Solutions
Dawonsys
Powercon
Raychem RPG
Spang Power Electronics
Neeltran
Xi'an Zhongkai Power Rectifier
Controlled Power
GERE
Fuji Electric
DongAh
PNE SOLUTION

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Industrial Rectifiers consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Industrial Rectifiers market by identifying its various subsegments.
Focuses on the key global Industrial Rectifiers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Industrial Rectifiers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Industrial Rectifiers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 165 pages "Forecast of Global Industrial Rectifiers Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Industrial Rectifiers by Players, Industrial Rectifiers by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Industrial Rectifiers Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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