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Opportunities for Power MOSFET Market in Europe and Asia Pacific- Investment Scope for Infineon Technologies AG, Fairchild Semiconductors, Renesas Electronics Corporation, Digi-key Electronics, Toshiba Corp., IXYS Corporation, Power Integration, STMicroel

06-12-2020 09:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Power MOSFET Market

Power MOSFET Market

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.

MOSFET witnessed wider penetration in the automotive industry mainly among electric vehicle manufacturers such as Toyota Motor Corporation, Honda Motor Co., Ltd., Tesla Motors, and BYD Company to enhance power conversion with minimum power loss. In addition, MOSFET is available in different power rating depending on area of application.

Moreover, low voltage MOSFET module dominates the global power MOSFET market, owing to its unmatched benefits such as ease-of-control at high voltage, minimal power loss, and improved performance. In addition, Asia-Pacific is the major revenue contributor to the global market, followed by Europe.

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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.

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 was valued at $3,730 million in 2016, and 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 2016.

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Among applications, consumer electronics segment dominated the global market in 2016, accounting for 23% share. High input impedance and improved parallel current sharing has fueled the market growth. However, industrial system is anticipated to be the most lucrative application segment, and is expected to grow at the highest CAGR of 9.0% during the forecast period.

Asia-Pacific was the major revenue contributor in 2016, 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.

Key Benefits form this report

• The study provides an in-depth analysis of the global power MOSFET market to elucidate the prominent investment pockets.

• Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.

• The report provides information related to key drivers, restraints, and opportunities and their impact analysis.

• The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

https://thefinancialbroker.com/whats-driving-the-growth-power-mosfet-market-is-projected-to-reach-6340-million-by-2023/

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About Us

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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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