The zener diode market is expected to grow from USD 921.781 million in 2025 to USD 1,099.406 million in 2030, at a CAGR of 3.59%.
A Zener diode is a particular kind of diode designed to reliably allow current to flow backward when a particular reverse voltage, known as the Zener voltage, is reached. When making Zener diodes, a broad variety of Zener voltages are employed, some of which are even configurable. In diodes with higher Zener voltages, avalanche breakdown takes place while functioning and has a more gradual junction. Both breakdown types are present in Zener diodes, with the Zener effect prevailing at lower voltages and avalanche breakdown influencing voltage spikes. They are used to convert a higher voltage into limited stabilized supply terminals and act as baseline voltages for circuits, especially stabilized electric equipment. Additionally, they are employed to safeguard circuits from voltage spikes, particularly electrostatic discharge.
They can be utilized in clipping circuits as well as voltage regulators, circuit protectors, voltage shifters, and voltage regulators. The current through the diode causes a voltage drop across the resistor when the input voltage rises to the Zener breakdown point. As a result, the circuit is shielded from excessive voltage by a short circuit to the ground. Clipper circuits are employed to stop the output signal from exceeding a predetermined value without affecting the input signal in any way. Zener diodes can be used to alter and shape circuits that clip the AC waveform. The clipping circuits restrict a portion of the AC waveform in order to protect or shape the waveform. To reduce interference, these circuits are typically found in TV and FM transmitters.
The market for Zener diodes is rising as a result of the increased usage of electronic gadgets like television, mobile phones, electric vehicles, etc. Zener diodes are utilized in switching applications, surge suppressors, voltage regulators, reference elements, and clipper circuits. The implementation of several government initiatives on contemporary power generating and distribution facilities has also served positively for the market. Additionally, they are widely employed in the automotive sector, essentially in equipment like the cooling fan drive of the electric vehicle battery management system. As such, the rising sales of electric vehicles have propelled the growth of the Zener diode market. According to reports from International Energy Agency (IEA), 6.6 million electric vehicles (EVs) were sold in 2021, which was double compared to sales from the previous year. Furthermore, sales of EVs accounted for almost 10% of the total cars sold in 2021, as per the same report. With this, there were over 16.5 million electric vehicles on the road worldwide in 2021, which was three times more than there were in 2018. The report also states that 2 million EVs were sold in the first quarter of 2022.
Due to the prevalence of numerous market players, including Cobham Metelics, MACOM, and Advanced Semiconductor Inc., as well as the rising adoption of technologically advanced products in the region, North America is anticipated to hold significant shares of the Zener diode market. However, Asia-Pacific is also anticipated to grow in the Zener diode market during the forecast period due to the development of economic infrastructure. The market has also been aided by the presence of numerous major automakers in these nations, who are seeing increased sales of their electric vehicles. As a result, the market for Zener diodes has been driven by the region's growing desire for electric vehicles. In accordance with their annual report, Tata Motors, a key automobile firm in Asia sold almost 19,105 electric vehicle units in the fiscal year 2021–22, an increase of nearly 353% from the 4,218 units sold in the fiscal year 2020–21. Europe is also anticipated to grow in the Zener diode market as a result of the popularity of EVs in the country. According to data from IEA, Europe had around 1.4 million sales of electric vehicles in 2020.
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