Power MOSFET Market Comprehensive, and Regional Dynamics to Reach $9.90 Billion By 2027 | Growing at a CAGR of 6.6%.
Global Power MOSFET Market: Global Opportunity Analysis and Industry Forecast, 2020 – 2027
WILMINGTON, DELAWARE, UNITED STATES, October 26, 2023 /EINPresswire.com/ — Global Power MOSFET Market by Type (Depletion Mode Power MOSFET and Enhancement Mode Power MOSFET), Power Rate (High Power, Medium Power, and Low Power), and Application (Energy & Power, Consumer Electronics, Automotive, Inverter & UPS, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020 – 2027.
The global power MOSFET market size was valued at $5.43 billion in 2019, and is projected to reach $9.90 billion by 2027, registering a CAGR of 6.6% from 2020 to 2027.
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The power MOSFET industry holds a substantial scope for growth in the global market. Currently, it is in its growing stage; however, its contribution to the global industry is expected to witness significant growth within the next few years. High cost associated with power MOSFET manufacturing is a major limitation for the market growth. However, recent innovations, which implant high efficiency and innovative features in smart devices, have enabled the technology to reach a wider audience base. Numerous players are entering the market with innovative products. Emerging development in IoT and growth of autonomous products are expected to drive the power MOSFET market growth in the future.
North America is the second largest region, in terms of revenue generation, in the global power MOSFET market. The consumer electronics industry is well-established in North America, which has led to increased adoption of enhanced technologies. In addition, rapid growth in the sales of smart consumer electronic products supplements the market growth. Moreover, increasing adoption of electric vehicles across the world drives the global power MOSFET market share.
The emergence of COVID 19 has major impact on consumer and economy. Electronics manufacturing hubs have been temporarily shut down. This has majorly affected the supply chain of the power MOSFET market.
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Competitive Analysis:
The power MOSFET industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the power MOSFET market include,
• IXYS CORPORATION,
• NXP SEMICONDUCTORS,
• INFINEON TECHNOLOGIES AG,
• RENESAS ELECTRONICS,
• FAIRCHILD SEMICONDUCTORS,
• TOSHIBA,
• DIGI KEY ELECTRONICS,
• POWER INTEGRATION,
• TEXAS INSTRUMENTS INCORPORATED,
• STMICROELECTRONICS
Top Impacting Factors:
Factors affecting the growth of the global power MOSFET market include increased dependence on electrical equipment & machinery and increasing emphasis on power saving. However, limitations in operations and high cost of power MOSFET have a significant negative impact on the market growth. Furthermore, technological advancements in power MOSFET are expected to offer lucrative power MOSFET market opportunity globally.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1. This study includes the analytical depiction of the power MOSFET market along with the current trends and future estimations to determine the imminent investment pockets.
2. The report presents information regarding the key drivers, restraints, and opportunities in the power MOSFET market.
3. The power MOSFET market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
4. Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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