Market Size of Global Zener Diode Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zener Diode Market Analysis
The Zener diode market is expected to witness a CAGR of 6% over the forecast period (2022- 2027).
- The growing use of electronic devices such as television, mobile devices, electric vehicles, etc., boosts Zener diode market development. Zener diodes are used in voltage regulators, reference elements, surge suppressors, switching applications, and clipper circuits. The adoption of different government efforts on modern power distribution and generating infrastructure are projected to drive the market forward.
- Security, automation, solid-state lighting, transportation, and energy management in industrial equipment are also predicted to fuel the growth of the Zener diode market.
- According to the International Energy Agency (IEA), worldwide sales of electric automobiles had reached 6.6 million in 2021. Electric vehicles accounted for 9% of all vehicle sales worldwide. Zener diodes are used in the cooling fan drive of the Electric Vehicle battery management system. The increase in the use of Electric Vehicles boosts the Zener diode Market.
- COVID-19 has also impacted the global supply chain of major electronic brands. China is one of the largest producers and exporters of electronics input supplies such as Zener diodes, capacitors, diodes, rectifiers, amplifiers, etc. Due to the continuous production standstill in China, several electronic companies in the United States and Europe have been compelled to halt manufacturing of finished electronic items like mobile phone adaptors, resulting in a demand-supply gap in electronic products.
- COVID-19 temporarily impacted the Zener diode market because the production and supply chain was stopped temporarily. Production, supply chains, and demand for Zener diodes are expected to improve as the situation improves progressively.
