US$6,340 million's Power MOSFET Market Set to Register All Time High Growth Rate

Power MOSFET Market Outlook 2020-2030: The global power MOSFET market is expected to witness moderate growth in the near future due to improved efficiency and compact size. Nano controller plays a crucial role in managing the operations with optimum power lose. MOSFET is a switching device used for controlling applications such as electric vehicle, inverter, and power supplies. MOSFET is widely used in industrial applications involving low switching frequency.

According to a new report published by Allied Market Research, titled, Power MOSFET Market by Type, Power Rate and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the Power MOSFET market is projected to reach $6,340 million by 2023, growing at a CAGR of 7.4% from 2017 to 2023. The enhancement mode power MOSFET segment held more than half of the total market in 2019.

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The key players operating in the power MOSFET market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include Infineon Technologies AG, Fairchild Semiconductors, Renesas Electronics Corporation, Digi-key Electronics, Toshiba Corp., IXYS Corporation, Power Integration, STMicroelectronics, NXP Semiconductors, and Texas Instruments.

Enhancement mode power MOSFET module is the foremost device, widely used in various electronic devices. At present, the rise in demand for higher efficiency, faster switching, and minimal power loss drives the market. Moreover, aggrandized need for compact voltage operating device is expected to provide growth opportunities to the market players. However, depletion mode power MOSFET segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency.

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Low power MOSFET segment is projected to maintain its lead in the overall MOSFET market, as these modules are used in consumer electronics, such as smart phone, televisions, and others. Moreover, Asia-Pacific is the major revenue contributor of this market due to increase in demand for electric gadgets, which utilize MOSFET for power transaction. China, India, and Japan are the major consumers of MOSFET in the Asia-Pacific region.

Asia-Pacific was the major revenue contributor in 2019, and is expected to maintain its dominance throughout the forecast period. This is attributed to the increase in number of power management devices and solutions. Moreover, developments in energy & power and automotive sectors are anticipated to boost the growth of the power MOSFET market, especially in the Asia-Pacific countries, such as China, Japan, Australia, and India.

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Asia-Pacific is anticipated to grow at highest CAGR of 8.4% during the analysis period, owing to increase in demand for switching devices and rise in the adoption of controllers in consumer electronics and other sectors. Technological advancements to overcome complexity of the circuit are expected to offer lucrative opportunities for market players in the near future.

POWER MOSFET MARKET, BY GEOGRAPHY

7.1. Overview
7.2. North America

7.2.1. Introduction
7.2.2. Key Market Trends, Growth Factors, And Opportunities
7.2.3. Market Size And Forecast
7.2.4. U.S.

7.2.4.1. Market size and forecast

7.2.5. Canada

7.2.5.1. Market size and forecast

7.2.6. Mexico

7.2.6.1. Market size and forecast

7.3. Europe

7.3.1. Introduction
7.3.2. Key Market Trends, Growth Factors, And Opportunities
7.3.3. Market Size And Forecast
7.3.4. Uk

7.3.4.1. Market Size And Forecast

7.3.5. Germany

7.3.5.1. Market Size And Forecast

7.3.6. France

7.3.6.1. Market Size And Forecast

7.3.7. Rest Of Europe

7.3.7.1. Market size and forecast

7.4. Asia-Pacific

7.4.1. Introduction
7.4.2. Key Market Trends, Growth Factors, And Opportunities
7.4.3. Market Size And Forecast
7.4.4. China

7.4.4.1. Market Size And Forecast

7.4.5. Japan

7.4.5.1. Market Size And Forecast

7.4.6. India

7.4.6.1. Market Size And Forecast

7.4.7. South Korea

7.4.7.1. Market Size And Forecast

7.4.8. Rest Of Asia-Pacific

7.4.8.1. Market Size And Forecast

7.5. LAMEA

7.5.1. Introduction
7.5.2. Key market trends, growth factors, and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America

7.5.4.1. Market Size And Forecast

7.5.5. Middle East

7.5.5.1. Market Size And Forecast

7.5.6. Africa

7.5.6.1. Market Size And Forecast

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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